Markets Actual Q3 Q4 Q1 Q2 2022
Currency 14.99 14.9 15.07 15.24 15.41 15.76

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) -2.40 1.6 1.6 1.2 1.2 1.2
Unemployment Rate (%) 23.40 24 24 22.6 22.6 22.6
Inflation Rate (%) 3.90 4 3.9 4 4.5 4.1
Interest Rate (%) 3.75 3.75 3.75 3.75 4 4
Balance of Trade (SZL Million) 1101.00 -1508 -696 -696 -696 -613
Current Account to GDP (% of GDP) 7.00 4.6 4.6 2 2 2
Government Debt to GDP (% of GDP) 15.49 18 18 20 20 20
Government Budget (% of GDP) -4.60 -5.3 -5.3 -4.9 -4.9 -4.9
Corporate Tax Rate (%) 27.50 27.5 27.5 27.5 27.5 27.5
Personal Income Tax Rate (%) 33.00 33 33 33 33 33

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) -2.40 1.6 1.6 1.2 1.2 1.2
GDP (USD Billion) 3.96 4.3 4.3 4.6 4.6 4.6
GDP per capita (USD) 4690.16 4700 4700 4820 4820 4820
GDP per capita PPP (USD) 8392.72 8400 8400 8500 8500 8500

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 23.40 24 24 22.6 22.6 22.6
Population (Million) 1.16 1.16 1.17 1.17 1.17 1.18

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 3.90 4 3.9 4 4.5 4.1
Food Inflation (%) 4.30 4 4.2 3.8 3.6 3.7
CPI Transportation (%) -0.80 3.64 1.87 -0.83 -0.84 1.95

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 3.75 3.75 3.75 3.75 4 4
Deposit Interest Rate (%) 2.47 2.47 2.47 2.47 2.72 2.72
Lending Rate (%) 7.25 7.25 7.25 7.25 7.5 7.5
Central Bank Balance Sheet (SZL Thousand) 14258664.00 13500000 13250000 13250000 13250000 13650000

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (SZL Million) 1101.00 -1508 -696 -696 -696 -613
Current Account to GDP (% of GDP) 7.00 4.6 4.6 2 2 2

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 15.49 18 18 20 20 20
Government Budget (% of GDP) -4.60 -5.3 -5.3 -4.9 -4.9 -4.9
Military Expenditure (USD Million) 82.20 83 85 85 85 85
Government Budget Value (SZL Thousand) -4592987.00 -6453225 -6889565 -6889565 -6889565 -6889565

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 27.50 27.5 27.5 27.5 27.5 27.5
Personal Income Tax Rate (%) 33.00 33 33 33 33 33
Sales Tax Rate (%) 15.00 14 14 14 14 14


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.