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Eswatini Military Spending

Military expenditure as % of GDP  MS.MIL.XPND.GD.ZS

Eswatini's military spending was 1.27% in 2025, ranked 94th globally. This represents a 12.2% decrease from 2024. Data from World Bank, covering 1977–2025.

1.27% −0.18% (-12.2%)
Year 2025 Rank #94 Global Peak 2.46% (1979) Source World Bank

Eswatini Military Spending (1977–2025)

Overview

Eswatini's military spending stood at 1.27% in 2025, a decline of +0.18% from 2024. Based on recent trends, this figure is projected to reach 1.27% by 2025. Eswatini ranked 94th globally.

Eswatini’s military expenditure has shown a gradual decline over the 49‑year series recorded by the World Bank, falling from an early‑period high of 2.46 % of GDP in 1979 to a historic low of 1.25 % in 1989 before stabilising at 1.27 % in 2025, which places the kingdom at 94th position globally. The downward trajectory contrasts with the modest rise observed in peer Liberia, whose 2025 spending stands at 1.29 % of GDP, and aligns more closely with Bolivia (1.25 %) and the Philippines (1.25 %). The early peak coincided with regional security concerns of the late 1970s, while the 1989 trough reflected a period of fiscal tightening and reduced external threats. Despite the recent modest uptick, Eswatini’s defence outlay remains well below the regional average, suggesting limited prioritisation of military capacity relative to other budgetary demands. Continued economic pressures or shifts in security policy could either reinforce the low‑spending pattern or prompt a renewed increase in defence allocations.

Data & projection

Year Military Spending YoY change Rank
2027* trend 1.04% - -
2026* trend 1.16% - -
2025* trend 1.27% - -
2025 1.27% −0.18% #94
2024 1.44% +0.06% #64
2023 1.38% −0.27% #61
2022 1.65% −0.02% #94
2021 1.68% −0.18% #93
2020 1.86% −0.04% #94
2019 1.89% −0.21% #104
2018 2.10% +0.17% #117
2017 1.92% −0.15% #106
2016 2.07% +0.32% #112
2015 1.75% −0.07% #96
2014 1.82% −0.13% #98
2013 1.95% +0.04% #106
2012 1.91% −0.30% #105
2011 2.22% −0.15% #105
Show all years (1977-2025)
* Linear trend extrapolation

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 military spending improve within 24 months. View full analysis →

Frequently Asked Questions

What is Eswatini's military spending?▾

Eswatini's military spending was 1.27% in 2025. Ranked 94th globally. This represents a 12.2% decrease from the previous year.

What was the highest military spending in Eswatini?▾

Eswatini's military spending peaked at 2.46% in 1979.

What was the lowest military spending in Eswatini?▾

The lowest military spending in Eswatini was 1.25% in 1989.

How does Eswatini rank in military spending?▾

Eswatini ranks 94th globally in military spending as of 2025.

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

The World Bank indicator code is MS.MIL.XPND.GD.ZS. Data sourced from World Bank.

What is the projected military spending of Eswatini in 2025?▾

Eswatini's military spending is projected to reach 1.27% by 2025 based on trend extrapolation.

What is the military spending of Eswatini in 2025?▾

The military spending of Eswatini in 2025 was 1.27%. This ranks 94th in the world.

Cite this page

APA
Eswatini Military Spending. HistorySaid. Retrieved November 1, 2026, from https://historysaid.com/eswatini/military-spending/
BibTeX
@misc{historysaid_eswatini_military-spending, title = {Eswatini Military Spending}, url = {https://historysaid.com/eswatini/military-spending/}, publisher = {HistorySaid}, year = {2026} }
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