Eswatini Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Eswatini's credit to gdp was 21.75% in 2025, ranked 119th globally. This represents a 0.6% increase from 2024. Data from World Bank, covering 1973–2025.
Overview
Eswatini's credit to gdp stood at 21.75% in 2025, a rise of +0.13% from 2024. Based on recent trends, this figure is projected to reach 21.75% by 2025. Eswatini ranked 119th globally.
Eswatini’s credit‑to‑GDP ratio has risen modestly from 14.68 in 1973 to 21.75 in 2025, placing the kingdom at 119th in the world and aligning it closely with peers such as Romania (21.86) and Rwanda (21.28). The indicator reached its historical high of 26.44 in 1981, a period marked by relatively expansive fiscal policies, before falling to a trough of 9.04 in 2001 amid tightening credit conditions and external debt stress. Over the 53‑year record span, the long‑term trajectory has been upward, reflecting gradual deepening of the domestic financial sector and increased access to external borrowing. Nonetheless, the recent level remains below the early‑1980s peak, suggesting that the credit market has not fully recovered to its former breadth. Continued improvements in fiscal consolidation, macro‑stability and financial‑sector reforms could accelerate credit growth, potentially narrowing the gap with higher‑ranking economies in the coming years.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 22.11% | - | - |
| 2026* trend | 21.93% | - | - |
| 2025* trend | 21.75% | - | - |
| 2025 | 21.75% | +0.13% | #119 |
| 2024 | 21.62% | +0.31% | #19 |
| 2023 | 21.31% | −0.03% | #33 |
| 2022 | 21.34% | +0.52% | #41 |
| 2021 | 20.82% | −0.14% | #37 |
| 2020 | 20.96% | +0.74% | #37 |
| 2019 | 20.22% | −0.77% | #39 |
| 2018 | 20.99% | +0.35% | #42 |
| 2017 | 20.64% | −0.94% | #41 |
| 2016 | 21.58% | +0.32% | #43 |
| 2015 | 21.26% | −0.59% | #40 |
| 2014 | 21.84% | +0.37% | #45 |
| 2013 | 21.47% | +1.73% | #48 |
| 2012 | 19.75% | −3.09% | #46 |
| 2011 | 22.84% | +3.37% | #55 |
Detected Pattern
Analysis
Eswatini matched the Export Boom Cycle pattern in 2012. Historically, 71% of countries showing this pattern (546 out of 768) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Eswatini's credit to gdp was 21.75% in 2025. Ranked 119th globally. This represents a 0.6% increase from the previous year.
Eswatini's credit to gdp peaked at 26.44% in 1981.
The lowest credit to gdp in Eswatini was 9.04% in 2001.
Eswatini ranks 119th globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Eswatini's credit to gdp is projected to reach 21.75% by 2025 based on trend extrapolation.
The credit to gdp of Eswatini in 2025 was 21.75%. This ranks 119th in the world.
Cite this page
@misc{historysaid_eswatini_credit-to-gdp,
title = {Eswatini Credit to GDP},
url = {https://historysaid.com/eswatini/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}