Markets Actual Q2 Q3 Q4 Q1 2022
Currency 14.62 14.73 14.89 15.05 15.21 15.53

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) -3.20 1.6 1.6 1.6 0.8 0.8
Unemployment Rate (%) 22.90 24 24 24 22 22
Inflation Rate (%) 4.60 3.6 3.4 3.4 3 3.2
Interest Rate (%) 3.75 3.75 3.5 3.5 3.5 3.5
Balance of Trade (SZL Million) 432.70 -1508 -905 -696 -696 -613
Current Account to GDP (%) 4.30 4.1 4.1 4.1 4.1 3.7
Government Debt to GDP (%) 11.70 20 20 20 20 23
Government Budget (% of GDP) -5.30 -9.5 -9.5 -9.5 -9.5 -6.7
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 Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) -3.20 1.6 1.6 1.6 0.8 0.8
GDP (USD Billion) 4.41 4.6 4.6 4.6 4.6 5.1
GDP per capita (USD) 4819.40 4860 4860 4860 4860 4950
GDP per capita PPP (USD) 8688.10 8500 8500 8500 8500 8660

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 22.90 24 24 24 22 22
Population (Million) 1.16 1.16 1.16 1.17 1.17 1.18

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 4.60 3.6 3.4 3.4 3 3.2
Food Inflation (%) 5.10 4 3.7 3.4 3.4 3
CPI Transportation (%) 1.80 6.34 1.76 2.84 3.62 3.73

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 3.75 3.75 3.5 3.5 3.5 3.5
Deposit Interest Rate (%) 2.47 2.47 2.47 2.22 2.22 2.22
Lending Rate (%) 7.25 7 6.75 6.75 6.75 6.75
Central Bank Balance Sheet (SZL Thousand) 11647385.00 13500000 13500000 13250000 13250000 13650000

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (SZL Million) 432.70 -1508 -905 -696 -696 -613
Current Account to GDP (%) 4.30 4.1 4.1 4.1 4.1 3.7

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 11.70 20 20 20 20 23
Government Budget (% of GDP) -5.30 -9.5 -9.5 -9.5 -9.5 -6.7
Military Expenditure (USD Million) 93.20 83 83 85 85 85
Government Budget Value (SZL Thousand) -2875229.00 -6453225 -6453225 -6889565 -6889565 -6889565

Taxes Actual Q2 Q3 Q4 Q1 2022
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 14 15 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.