Swaziland’s public external debt stood at 20.60 percent of GDP in 2025. Government Debt to GDP in Swaziland averaged 14.30 percent of GDP from 1999 until 2025, reaching an all time high of 26.16 percent of GDP in 2000 and a record low of 6.79 percent of GDP in 2012. source: Central Bank of Swaziland

Government Debt to GDP in Swaziland is expected to reach 19.90 percent of GDP by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Swaziland Total Public External Debt to GDP is projected to trend around 20.50 percent of GDP in 2027 and 22.10 percent of GDP in 2028, according to our econometric models.



Related Last Previous Unit Reference
Fiscal Expenditure 32608085.00 29610735.00 SZL Thousand Dec 2025
Government Budget -6.40 -2.60 percent of GDP Dec 2025
Government Budget Value -2883677.00 -1816647.00 SZL Thousand Dec 2025
Government Debt to GDP 20.60 18.89 percent of GDP Dec 2025
Government Revenues 29724409.00 27794088.00 SZL Thousand Dec 2025


Swaziland Total Public External Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
Actual Previous Highest Lowest Dates Unit Frequency
20.60 18.89 26.16 6.79 1999 - 2025 percent of GDP Yearly