Markets Actual Q3 Q4 Q1 Q2 2021
Currency 17.00 17.16 17.34 17.53 17.71 18.09

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 1.40 -3 -3 2.6 2.6 2.6
Unemployment Rate (%) 22.90 23.8 23.8 24 24 24
Inflation Rate (%) 3.00 2.7 3 2.3 2.6 3
Interest Rate (%) 4.00 4 4 4 4 4.5
Balance of Trade (SZL Million) 432.70 -1508 -905 -500 -500 -613
Current Account to GDP (%) 0.40 3 3 4.1 4.1 4.1
Government Debt to GDP (%) 10.75 18 18 20 20 20
Government Budget (% of GDP) -5.50 -8.6 -8.6 -6 -6 -6
Personal Income Tax Rate (%) 33.00 33 33 33 33 33
Corporate Tax Rate (%) 27.50 27.5 27.5 27.5 27.5 27.5

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 1.40 -3 -3 2.6 2.6 2.6
GDP (USD Billion) 4.41 4.1 4.1 4.6 4.6 4.6
GDP per capita (USD) 4819.40 4750 4750 4860 4860 4860
GDP per capita PPP (USD) 9530.40 9690 9690 9690 9597 9780

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 22.90 23.8 23.8 24 24 24
Population (Million) 1.15 1.15 1.16 1.16 1.16 1.17

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 3.00 2.7 3 2.3 2.6 3
Food Inflation (%) 4.20 4 4.1 2.5 3 3.4
CPI Transportation (%) 6.10 0.21 1.85 6.24 6.26 1.91

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 4.00 4 4 4 4 4.5
Deposit Interest Rate (%) 3.70 3.7 3.7 3.7 3.7 4.2
Central Bank Balance Sheet (SZL Thousand) 11647385.00 13850000 14150000 12800000 13500000 13250000

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (SZL Million) 432.70 -1508 -905 -500 -500 -613
Current Account to GDP (%) 0.40 3 3 4.1 4.1 4.1

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 10.75 18 18 20 20 20
Government Budget (% of GDP) -5.50 -8.6 -8.6 -6 -6 -6
Military Expenditure (USD Million) 83.70 83 83 83 83 85
Government Budget Value (SZL Thousand) -2875229.00 -6453225 -6453225 -6453225 -6453225 -6889565

Taxes Actual Q3 Q4 Q1 Q2 2021
Personal Income Tax Rate (%) 33.00 33 33 33 33 33
Corporate Tax Rate (%) 27.50 27.5 27.5 27.5 27.5 27.5
Sales Tax Rate (%) 15.00 15 15 15 15 15


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.