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Eswatini Real Interest Rate

Real interest rate  FR.INR.RINR

Eswatini's real interest rate was 7.92% in 2025, ranked 19th globally. This represents a 15.6% decrease from 2024. Data from World Bank, covering 1975–2025.

7.92% −1.47pp (-15.6%)
Year 2025 Rank #19 Global Peak 13.81% (1985) Source World Bank

Eswatini Real Interest Rate (1975–2025)

Overview

Eswatini's real interest rate stood at 7.92% in 2025, a decline of +1.47pp from 2024. Based on recent trends, this figure is projected to reach 7.92% by 2025. Eswatini ranked 19th globally.

Eswatini’s real interest rate in 2025 stood at 7.92 percent, placing the kingdom 19th in the world and just below Costa Rica’s 7.99 percent and Brunei Darussalam’s 7.90 percent. Over the 51‑year series from 1975, the rate has moved from an early low of 6.27 percent to an all‑time peak of 13.81 percent in 1985, a year marked by global oil price shocks and tight monetary conditions, before plunging to a historic trough of –12.18 percent in 1990 as inflationary pressures eased and policy rates were cut sharply. The post‑1990 period shows a gradual re‑tightening, with the current level still well above the early‑period baseline but far below the 1985 high. Recent fiscal consolidation and modest inflation have helped keep the real rate in a relatively narrow band, suggesting that unless external shocks or major policy shifts occur, the rate is likely to remain anchored near the mid‑single‑digit range in the near term.

Data & projection

Year Real Interest Rate YoY change Rank
2027* trend 10.10% - -
2026* trend 9.01% - -
2025* trend 7.92% - -
2025 7.92% −1.47pp #19
2024 9.39% +4.89pp #64
2023 4.51% +4.85pp #52
2022 -0.34% −7.47pp #44
2021 7.13% +4.47pp #90
2020 2.66% −5.35pp #25
2019 8.00% +1.21pp #76
2018 6.80% +1.26pp #77
2017 5.53% +2.27pp #73
2016 3.26% −0.26pp #35
2015 3.53% +0.80pp #36
2014 2.73% +0.57pp #26
2013 2.16% +2.57pp #20
2012 -0.41% −3.75pp #13
2011 3.34% −3.27pp #65
Show all years (1975-2025)
* 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 real interest rate improve within 24 months. View full analysis →

Frequently Asked Questions

What is Eswatini's real interest rate?▾

Eswatini's real interest rate was 7.92% in 2025. Ranked 19th globally. This represents a 15.6% decrease from the previous year.

What was the highest real interest rate in Eswatini?▾

Eswatini's real interest rate peaked at 13.81% in 1985.

What was the lowest real interest rate in Eswatini?▾

The lowest real interest rate in Eswatini was -12.18% in 1990.

How does Eswatini rank in real interest rate?▾

Eswatini ranks 19th globally in real interest rate as of 2025.

What is the World Bank indicator code for real interest rate?▾

The World Bank indicator code is FR.INR.RINR. Data sourced from World Bank.

What is the projected real interest rate of Eswatini in 2025?▾

Eswatini's real interest rate is projected to reach 7.92% by 2025 based on trend extrapolation.

What is the real interest rate of Eswatini in 2025?▾

The real interest rate of Eswatini in 2025 was 7.92%. This ranks 19th in the world.

Cite this page

APA
Eswatini Real Interest Rate. HistorySaid. Retrieved November 11, 2026, from https://historysaid.com/eswatini/real-interest-rate/
BibTeX
@misc{historysaid_eswatini_real-interest-rate, title = {Eswatini Real Interest Rate}, url = {https://historysaid.com/eswatini/real-interest-rate/}, publisher = {HistorySaid}, year = {2026} }
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