Swaziland | Economic Forecasts | 2017-2020 Outlook

This page has economic forecasts for Swaziland including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Swaziland economy.


MARKETS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Currency 12.91 13.33 13.46 13.6 13.73 15.18 [+]
GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Annual Growth Rate 0.60 1.32 1.82 1.1 1.33 3.5 percent [+]
GDP 3.73 3.65 3.55 3.54 3.52 3.44 USD Billion [+]
GDP per capita 3911.40 3886 3818 3809 3799 3696 USD [+]
GDP per capita PPP 7733.80 7486 7335 7273 7212 6894 USD [+]
LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 6.70 8.16 8.77 9.17 9.56 10.56 percent [+]
Population 1.32 1.3 1.36 1.37 1.37 1.48 Million [+]
PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 7.00 7.7 7.55 7.04 7.04 6.6 percent [+]
Food Inflation 9.40 8.22 7.9 7.66 7.57 7.48 percent [+]
Cpi Transportation 2.00 1.13 1.08 1.09 1.09 1.09 percent [+]
MONEY Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Interest Rate 7.25 7.25 7 7 7 6 percent [+]
Deposit Interest Rate 2.27 2.62 2.49 2.55 2.6 2.3 percent [+]
Foreign Exchange Reserves 8188410.00 7510424 7561980 7599265 7629445 7774459 SZL Thousand [+]
Money Supply M1 4720.00 4863 4918 4872 4886 4884 SZL Million [+]
Money Supply M2 14370.00 13794 13809 13780 13794 13789 SZL Million [+]
Central Bank Balance Sheet 10224753.00 9900966 9848236 9822222 9814767 9860542 SZL Thousand [+]
TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade 608.24 570 678 312 278 426 SZL Million [+]
Exports 6159.64 6161 6324 5725 5583 6056 SZL Million [+]
Imports 5551.40 5983 5963 5793 6115 6250 SZL Million [+]
Current Account 320.00 690 753 666 596 600 SZL Million [+]
Current Account to GDP 2.20 8 8 6 6 5 percent [+]
Terrorism Index 0.00 0.19 0.15 0.16 0.17 0.16 [+]
Foreign Direct Investment 228.30 180 293 40.37 -43.47 136 SZL Million [+]
External Debt 4758.56 4836 4923 4881 4866 4885 SZL Million [+]
GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Debt to GDP 8.68 9.5 9.5 10 10 13 percent [+]
Government Budget -11.90 -6.67 -6.31 -5.07 -3.83 0.65 percent of GDP [+]
Government Revenues 16893946.00 14853724 14853724 17098470 17846718 17618304 SZL Thousand [+]
Fiscal Expenditure 21734354.00 21943399 21943399 22734391 22998055 25525407 SZL Thousand [+]
Government Budget Value -4840408.00 -3925482 -3925482 -369295 816101 640652 SZL Thousand [+]
Military Expenditure 72.80 72.81 72.66 72.67 72.68 72.83 USD Million [+]
BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Ease of Doing Business 111.00 107 106 109 112 121 [+]
Corruption Index 43.00 39 38 37 37 39 Points [+]
Corruption Rank 69.00 84 85 91 96 93 [+]
Competitiveness Index 3.40 3.41 3.4 3.4 3.4 3.4 Points [+]
Competitiveness Rank 128.00 128 128 128 128 128 [+]
CONSUMER Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Private Sector Credit 12.46 12.93 13.12 13.31 13.49 15.12 SZL Billion [+]
TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Personal Income Tax Rate 33.00 33 33 33 33 33 percent [+]
Corporate Tax Rate 27.50 27.5 27.5 27.5 27.5 27.5 percent [+]
Sales Tax Rate 14.00 14 14 14 14 14 percent [+]