Eswatini's net incurrence of liabilities, total (current LCU) was 2.83 billion in 2021, the latest year in the World Bank's World Development Indicators. That is up 773.22% from 323.91 million in 2011 (24.2% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 2.83 billion | 2021 |
| Five years earlier | 3.23 billion | 2016 |
| Ten years earlier | 323.91 million | 2011 |
| Highest | 5.87 billion | 2020 |
| Lowest | -256.89 million | 2008 |
| Average since 2012 | 2.54 billion | 2012–2021 |
| First recorded | 49.15 million |
What the numbers say
In 2021, Eswatini's net incurrence of liabilities, total (current LCU) fell 3.04 billion on 2020 (from 5.87 billion to 2.83 billion).
Across the 11 yearly changes before that (2008 to 2020), the average change was +610.85 million and a typical year strayed about 1.15 billion from that (the standard deviation). This year's change was 3.2 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 2.8 billion in 2020 and the biggest yearly fall was 3.04 billion in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2012 to 2021 the straight-line trend is upward, about 449.3 million a year. A straight line explains 59% of the movement over 9 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
Closest to Eswatini in the 2021 ranking
- Peru — 6th of 9: 52.7 billion
- Central African Republic — 7th of 9: 50.67 billion
- Maldives — 8th of 9: 12.04 billion
What this measures
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
All 14 values
| Year | Net incurrence of liabilities, total (current LCU) |
|---|---|
| 2021 | 2,828,453,294 |
| 2020 | 5,873,153,339 |
| 2019 | 3,076,698,390 |
| 2018 | 3,318,600,000 |
| 2017 | 2,304,604,000 |
| 2016 | 3,227,615,000 |
| 2015 | 1,440,605,000 |
| 2014 | -74,598,000 |
| 2013 | no data |
| 2012 | 820,710,000 |
Net incurrence of liabilities, total (current LCU) in nearby economies
- Angola — -778.29 billion (2024)
- Botswana — 8.29 billion (2023)
- Burkina Faso — 900.19 billion (2024)
- Burundi — 181.93 billion (2021)
- Cabo Verde — 16.42 billion (2020)
- Cameroon — 593.86 billion (2021)
- Central African Republic — 50.67 billion (2021)
- Congo, Dem. Rep. — 1.39 trillion (2022)
- Congo, Rep. — 119.5 billion (2021)
- Côte d'Ivoire
More public sector data for Eswatini
- Military expenditure (current USD) — 93.36 million (2025)
- Military expenditure (current LCU) — 1.67 billion (2025)
- Military expenditure (% of GDP) — 1.6% (2025)
- Military expenditure (% of general government expenditure) — 5.17% (2025)
- Intentional homicides (per 100,000 people) — 12.51 (2021)
- Net investment in nonfinancial assets (current LCU) — 3.79 billion (2021)
- Net investment in nonfinancial assets (% of GDP) — 5.33% (2021)
- Net lending (+) / net borrowing (-) (current LCU) — -3.29 billion (2021)
- Net lending (+) / net borrowing (-) (% of GDP) — -4.63% (2021)
Reading data like this
Questions people ask
- What is Eswatini's net incurrence of liabilities, total (current LCU)?
- 2.83 billion in 2021, according to the World Bank (World Development Indicators).
- How has it changed since 2007?
- It is up 5,655% from 49.15 million in 2007 (33.57% a year on average, compounded). The highest value was 5.87 billion in 2020 and the lowest -256.89 million in 2008.
- Is the latest change in net incurrence of liabilities, total (current LCU) unusual for Eswatini?
- In 2021, Eswatini's net incurrence of liabilities, total (current LCU) fell 3.04 billion on 2020 (from 5.87 billion to 2.83 billion). Across the 11 yearly changes before that (2008 to 2020), the average change was +610.85 million and a typical year strayed about 1.15 billion from that (the standard deviation). This year's change was 3.2 standard deviations below that average, so it was unusually large compared with the rest of the record.
- Where does this data come from?
Source
World Bank, World Development Indicators, indicator GC.LBL.TOTL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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