This page has economic forecasts for Swaziland including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Swaziland economy.


MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 14.05
14.58 14.77 14.96 15.16 15.97
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 2.30
percent
2.9 2.97 3.05 3.12 3.5
GDP 4.41
USD Billion
5.1 5.6 5.6 5.6 6
GDP per capita 3914.02
USD
3938 3486 3486 3941 3955
GDP per capita PPP 7738.97
USD
7786 6894 6894 7793 7820
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 26.40
percent
26 25.7 25.7 25.7 25.5
Population 1.36
Million
1.38 1.39 1.4 1.41 1.46
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 4.90
percent
6 6 5.6 4.8 6
Food Inflation -1.10
percent
4.69 0.78 1.8 1.9 2
CPI Transportation 3.80
percent
5.94 4.13 4.01 3.98 6.62
Consumer Price Index Cpi 138.20
Index Points
141 143 144 146 160
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 6.75
percent
6.5 6.5 6.5 6.75 6
Deposit Interest Rate 3.20
percent
2.95 2.95 2.95 3.2 2.45
Money Supply M1 5680.50
SZL Million
5809 5854 5849 5846 5846
Money Supply M2 18689.30
SZL Million
18671 18651 18649 18650 18650
Foreign Exchange Reserves 6473298.00
SZL Thousand
6076832 6111769 6151838 6189851 6390297
Central Bank Balance Sheet 9779209.00
SZL Thousand
8719977 8866669 8957753 9023888 9331528
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade 781.80
SZL Million
-517 -1131 -1508 -905 -696
Exports 6200.60
SZL Million
6964 6303 5820 6438 6664
Imports 5418.80
SZL Million
7499 7434 7328 7343 7361
Current Account 2287.30
SZL Million
2242 2179 2154 2158 2169
Current Account to GDP -1.30
percent
6 7 7 7 5
Foreign Direct Investment 742.60
SZL Million
-55.26 -55.26 -55.26 -55.26 -55.26
External Debt 5342.50
SZL Million
5637 5652 5614 5598 5604
Terrorism Index 0.00
0 0 0 0 0
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 9.95
percent
10 11 11 11 13
Government Budget -8.20
percent of GDP
-8.2 -8.2 -8.2 -8.2 -8.2
Government Revenues 17265490.00
SZL Thousand
16988023 16943211 16920806 16898400 16317281
Fiscal Expenditure 21596138.00
SZL Thousand
21972086 21781707 21686518 21591329 23206846
Military Expenditure 72.70
USD Million
75.23 75.63 76.02 76.41 79.66
Government Budget Value -4330648.00
SZL Thousand
-4802104 -4838496 -4765712 -4692929 -6889565
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Internet Speed 1419.89
KBps
1462 1473 1463 1472 1466
IP Addresses 7320.00
IP
7456 7456 7456 7456 7456
Ease of Doing Business 117.00
120 121 122 123 122
Corruption Index 39.00
Points
39 39 39 39 39
Corruption Rank 85.00
85 85 85 85 85
Competitiveness Index 3.35
Points
3.85 3.85 3.85 3.85 6.35
Competitiveness Rank 122.00
122 122 122 122 122
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Private Sector Credit 14.32
SZL Billion
14.88 15.21 15.54 15.86 18.81
HOUSING Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Building Permits 182500.00
SZL Thousand
195108 209053 204828 212454 210777
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Personal Income Tax Rate 33.00
percent
33 33 33 33 33
Corporate Tax Rate 27.50
percent
27.5 27.5 27.5 27.5 27.5
Sales Tax Rate 14.00
percent
14 14 14 14 14
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 24.72
mm
105 120 66.98 66.81 70.61
Temperature 24.14
celsius
20.92 22.28 19.3 20.12 19.33



Swaziland - Economic Forecasts - 2018-2020 Outlook