Eswatini Government Spending to GDP

General government expenditure as a percentage of GDP.

Government Spending to GDP in Eswatini increased to 32.84 percent of GDP in 2024 from 31.46 percent of GDP in 2023.

32.8%
▲ +1.4 pp2024 · previous 31.5%Annual · percent of GDP · Source: IMF — Public Finances in Modern History

Eswatini Government Spending to GDP — History

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Eswatini Government Spending to GDP — analysis in simple words

Latest reading

Government Spending to GDP in Eswatini increased to 32.84 percent of GDP in 2024 from 31.46 percent of GDP in 2023.

Over the last three years it rose twice and fell once.

Recent trend

A year earlier (2023) it was 31.5%, so the latest figure is 1.4 percentage points higher.

Over the past five years the average was 31.0%, with a range from 29.0% to 32.8%. The latest value is above that five-year average.

Historical context

This data series starts in 1980 and has 45 annual observations. The latest reading is higher than 87% of all of them.

The highest value on record is 34.5% (2015) and the lowest is 15.6% (1988). The long-run average is 26.2%.

Compared with other countries

Among 151 economies with recent data, Eswatini ranks 68th from the top. The median across all these economies is 30.3%, so Eswatini is above the typical country.

Within Sub-Saharan Africa (33 economies with data) it ranks 7th; the regional median is 20.6%.

Statistics

Latest
32.8%2024
Previous
31.5%
5-year average
31.0%
Long-run average
26.2%since 1980
All-time high
34.5%2015
All-time low
15.6%1988
Observations
45Annual

Recent Data

PeriodValueChange
202432.8%▲ +1.4 pp
202331.5%▲ +2.5 pp
202229.0%▼ −0.4 pp
202129.4%▼ −3.0 pp
202032.3%▼ −0.4 pp
201932.8%▲ +1.2 pp
201831.6%▼ −2.1 pp
201733.6%▼ −0.4 pp
201634.0%▼ −0.5 pp
201534.5%▲ +1.8 pp
201432.7%▲ +3.9 pp
201328.8%▲ +1.7 pp
201227.1%▲ +1.9 pp
201125.1%▼ −5.9 pp
201031.0%▼ −2.8 pp
200933.9%▲ +0.4 pp
200833.4%▲ +3.0 pp
200730.4%▲ +2.8 pp
200627.6%▼ −1.4 pp
200529.0%▼ −2.0 pp
200431.0%▲ +5.1 pp
200325.9%▼ −0.6 pp
200226.5%▲ +0.9 pp
200125.6%▲ +0.8 pp
200024.7%▼ −1.1 pp
199925.8%▲ +3.7 pp
199822.0%▲ +1.4 pp
199720.7%▼ −1.8 pp
199622.5%▲ +2.6 pp
199519.9%

Government Spending to GDP — Eswatini vs Peers

Latest available reading for each economy (periods may differ). Eswatini highlighted.

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More Eswatini indicators

Understanding Government Spending to GDP — a simple guide

What it measures

General government expenditure as a percentage of GDP.

How it is calculated

Total government expenditure ÷ GDP × 100.

Simple example

28% means government spending equals 28% of GDP.

▲ When it is high or rising

A large public sector role in the economy.

▼ When it is low or falling

A smaller public sector role.

Why it matters for the economy and markets

The ratio shows the size of the public sector in the economy.

How to read it

Read with revenue: the gap between the two is the fiscal balance.

Data source

IMF — Public Finances in Modern History (series exp), annual data from 1980 to 2024. Values are shown exactly as published by the source and may be revised later.

How to use the chart

Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.

Frequently asked questions

What is the current government spending to gdp of Eswatini?
Eswatini government spending to gdp was 32.8% in 2024, compared with 31.5% in the previous period, according to IMF — Public Finances in Modern History.
What is the highest and lowest government spending to gdp of Eswatini?
Since 1980, the highest reading was 34.5% (2015) and the lowest was 15.6% (1988).
What does government spending to gdp measure?
General government expenditure as a percentage of GDP.

Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.