Eswatini Foreign Reserves
Total reserves including gold FI.RES.TOTL.CD
Eswatini's foreign reserves was $491.8M in 2025, ranked 151st globally. This represents a 2.6% increase from 2024. Data from World Bank, covering 1974–2025.
Overview
Eswatini's foreign reserves stood at $491.8M in 2025, a rise of +$12.6M from 2023. Based on recent trends, this figure is projected to reach $491.8M by 2025. Eswatini ranked 151st globally.
Eswatini’s foreign‑exchange reserves have risen from a modest 13,472,680.84 in 1974 to 491,827,075.87 in 2025, placing the kingdom at 151th in the world and keeping it within a narrow band alongside peers such as the Central African Republic (504,321,911.24) and St. Lucia (478,973,279.08). The reserve stock peaked in 2009 at 958,869,319.49, nearly double the current level, before a prolonged decline that mirrored regional commodity price shocks and fiscal pressures. Over the 51‑year coverage period, the trajectory shows a steep early‑stage accumulation, a pronounced mid‑decade trough, and a gradual rebuilding phase that has stabilized in the last decade. The modest upward swing since the trough reflects modest export growth, remittance inflows and modest external borrowing, yet the reserve pool remains well below its historical high. Continued diversification of export markets and prudent debt management could sustain the recent upward trend, while external shocks or fiscal imbalances would likely reverse it.
Data & projection
| Year | Foreign Reserves | YoY change | Rank |
|---|---|---|---|
| 2026* trend | $490.3M | - | - |
| 2025* trend | $491.8M | - | - |
| 2025 | $491.8M | +$12.6M | #151 |
| 2023 | $479.3M | +$26.9M | #150 |
| 2022 | $452.4M | −$119.9M | #153 |
| 2021 | $572.3M | +$26.7M | #151 |
| 2020 | $545.6M | +$105.3M | #150 |
| 2019 | $440.3M | −$371,750 | #150 |
| 2018 | $440.7M | −$122.4M | #149 |
| 2017 | $563.1M | −$1.2M | #142 |
| 2016 | $564.3M | +$16.3M | #141 |
| 2015 | $548.0M | −$142.8M | #143 |
| 2014 | $690.8M | −$71.8M | #134 |
| 2013 | $762.5M | +$21.6M | #137 |
| 2012 | $741.0M | +$140.5M | #139 |
| 2011 | $600.5M | −$155.8M | #138 |
| 2010 | $756.3M | −$202.5M | #134 |
Detected Pattern
Analysis
Eswatini matched the Export Boom Cycle pattern in 2012. Historically, 71% of countries showing this pattern (546 out of 768) saw foreign reserves improve within 24 months. View full analysis →
Frequently Asked Questions
Eswatini's foreign reserves was $491.8M in 2025. Ranked 151st globally. This represents a 2.6% increase from the previous year.
Eswatini's foreign reserves peaked at $958.9M in 2009.
The lowest foreign reserves in Eswatini was $13.5M in 1974.
Eswatini ranks 151st globally in foreign reserves as of 2025.
The World Bank indicator code is FI.RES.TOTL.CD. Data sourced from World Bank.
Eswatini's foreign reserves is projected to reach $491.8M by 2025 based on trend extrapolation.
Eswatini's foreign reserves was approximately 491.83 million ($491.8M) in 2025.
The foreign reserves of Eswatini in 2025 was $491.8M. This ranks 151st in the world.
Cite this page
@misc{historysaid_eswatini_reserves,
title = {Eswatini Foreign Reserves},
url = {https://historysaid.com/eswatini/reserves/},
publisher = {HistorySaid},
year = {2026}
}