Government Expenditure: Eswatini
Eswatini's government expenditure is currently 32.842 % of GDP as of 2026. # Eswatini Government Expenditure Eswatini's government expenditure stands at 32.
Current (2026)
32.842 % of GDP
-0.8% y/y
Peak (2015)
34.464 % of GDP
Low (2011)
25.131 % of GDP
Source
IMF World Economic Outlook
2004–2026 · 23 pts
Government Expenditure — Eswatini
2004 — 2026
Government Expenditure — Eswatini
Analysis# Eswatini Government Expenditure
Eswatini's government expenditure stands at 32.842% of GDP in 2026, reflecting sustained public spending levels amid moderate economic constraints. The current figure sits 1.6 percentage points below the all-time peak of 34.464% in 2015, but well above the 25.131% low recorded in 2011. Since 2004, government expenditure has risen 6.1 percentage points overall, indicating a structural shift toward higher public spending relative to economic output.
A notable contraction occurred from 2020 to 2021, when spending dropped from 32.347% to 29.368% of GDP—the lowest point in over a decade. Recovery followed quickly, with expenditure rebounding to above 31% by 2023 and stabilizing near 33% through 2026. This recent stability suggests Eswatini has settled into a spending band roughly 2–3 percentage points below its 2015 peak, balancing fiscal demands against economic realities.
Historical Data
23 Rows| Year | Value | Change % |
|---|---|---|
| 2026 | 32.842 % of GDP | -0.79% |
| 2025 | 33.102 % of GDP | +0.79% |
| 2024 | 32.844 % of GDP | +4.41% |
| 2023 | 31.457 % of GDP | +8.64% |
| 2022 | 28.954 % of GDP | -1.41% |
| 2021 | 29.368 % of GDP | -9.21% |
| 2020 | 32.347 % of GDP | -1.34% |
| 2019 | 32.787 % of GDP | +3.89% |
| 2018 | 31.558 % of GDP | -6.11% |
| 2017 | 33.611 % of GDP | -1.07% |
| 2016 | 33.974 % of GDP | -1.42% |
| 2015 | 34.464 % of GDP | +5.47% |
| 2014 | 32.676 % of GDP | +13.48% |
| 2013 | 28.795 % of GDP | +6.44% |
| 2012 | 27.054 % of GDP | +7.65% |
| 2011 | 25.131 % of GDP | -19.06% |
| 2010 | 31.05 % of GDP | -8.29% |
| 2009 | 33.858 % of GDP | +1.32% |
| 2008 | 33.416 % of GDP | +9.98% |
| 2007 | 30.383 % of GDP | +10.24% |
Show all 23 rows
| Year | Value | Change % |
|---|---|---|
| 2006 | 27.561 % of GDP | -4.89% |
| 2005 | 28.978 % of GDP | -6.40% |
| 2004 | 30.96 % of GDP | — |
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