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Eswatini Government Spending

Government expenditure as % of GDP  GC.XPN.TOTL.GD.ZS

Eswatini's government spending was 24.62% in 2021, ranked 49th globally. This represents a 5.6% decrease from 2020. Data from World Bank, covering 1999–2021.

24.62% −1.45% (-5.6%)
Year 2021 Rank #49 Global Peak 27.80% (2016) Source World Bank

Eswatini Government Spending (1999–2021)

Overview

Eswatini's government spending stood at 24.62% in 2021, a decline of +1.45% from 2020. Eswatini ranked 49th globally.

Eswatini’s government spending as a share of GDP has hovered around the mid‑20s percent for more than two decades, reaching 24.62 in 2021 and ranking 49th globally. The indicator rose from a low of 16.75 in 2000, climbed steadily and peaked at 27.80 in 2016 before settling back to its current level, suggesting that the expansion of public expenditures during the mid‑2010s was not sustained. Over the 22‑year series, the kingdom’s fiscal footprint is comparable to peers such as Albania (24.40) and the Bahamas (24.66), both of which occupy similar positions in the World Bank rankings. The post‑peak moderation may reflect constraints on fiscal capacity or shifts in policy priorities, while the modest increase since the trough indicates a gradual rebalancing of public spending. Continued economic diversification and improved revenue mobilisation could lift the trajectory, whereas persistent fiscal pressures would likely keep the share near its recent plateau.

Data & projection

Year Government Spending YoY change Rank
2021 24.62% −1.45% #49
2020 26.07% +0.79% #54
2019 25.28% −1.48% #69
2018 26.76% −0.31% #77
2017 27.07% −0.73% #86
2016 27.80% +1.08% #89
2015 26.72% +1.41% #79
2014 25.30% +2.32% #69
2012 22.98% +0.30% #57
2011 22.68% −2.45% #55
2010 25.13% −1.17% #61
2009 26.30% −0.20% #60
2008 26.50% +4.53% #62
2007 21.97% −0.81% #46
2006 22.78% +1.35% #47
Show all years (1999-2021)

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +23.4% GDP growth 4.1% C/A balance 5.1%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Eswatini matched the Export Boom Cycle pattern in 2012. Historically, 71% of countries showing this pattern (546 out of 768) saw government spending improve within 24 months. View full analysis →

Frequently Asked Questions

What is Eswatini's government spending?▾

Eswatini's government spending was 24.62% in 2021. Ranked 49th globally. This represents a 5.6% decrease from the previous year.

What was the highest government spending in Eswatini?▾

Eswatini's government spending peaked at 27.80% in 2016.

What was the lowest government spending in Eswatini?▾

The lowest government spending in Eswatini was 16.75% in 2000.

How does Eswatini rank in government spending?▾

Eswatini ranks 49th globally in government spending as of 2021.

What is the World Bank indicator code for government spending?▾

The World Bank indicator code is GC.XPN.TOTL.GD.ZS. Data sourced from World Bank.

What is the government spending of Eswatini in 2021?▾

The government spending of Eswatini in 2021 was 24.62%. This ranks 49th in the world.

Cite this page

APA
Eswatini Government Spending. HistorySaid. Retrieved October 31, 2026, from https://historysaid.com/eswatini/government-spending/
BibTeX
@misc{historysaid_eswatini_government-spending, title = {Eswatini Government Spending}, url = {https://historysaid.com/eswatini/government-spending/}, publisher = {HistorySaid}, year = {2026} }
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