Country profile · Sovereign risk

Eswatini

Southern Africa·SWZ·SZL
RicherFin rating
Proprietary analytical opinion
Currency
SZL
CMA
Public projects
13
Published public projects
Reference data
2019–2021–2024–2025
Macroeconomic periods

Ratings & sovereign risk

RicherFin Ratings

The analysis behind the rating.

The RicherFin file presents risk drivers, their sources and limitations, separately from agency ratings.

Agency ratings and outlooks
AgencyRatingOutlook
Moody'sB2Stable

Sources and reference dates are listed below.

Economic indicators

Each indicator retains its period
IndicatorValuePeriod
Real GDP growth4.2%2025
Central government debt / GDP35.7%2021
Current account / GDP1.6%2024
Inflation2.6%2019
GDP per capitaUSD 4,1082025
Trade openness107.5%2024

Access the markets

Existing RicherFin pages

Public projects & infrastructure

13 projects →
Eswatini - Integrating Skills and Jobs in the Mkhondvo-Ngwavuma Water Augmentation Program (ISJ-MNWAP)Education policy and administrative management · OngoingPreview→Eswatini - Manzini Region Water Supply and Sanitation ProjectWater sector policy and administrative management · OngoingPreview→Eswatini - Mkhondvo-Ngwavuma Water Augmentation Program Phase IA (MNWAP-1A)Agricultural policy and administrative management · OngoingPreview→Eswatini - Mkhondvo-Ngwavuma Water Augmentation Program, Phase I, Part B (MNWAP-1B)Agricultural policy and administrative management · ApprovedPreview→

Sources & data scope

Economic indicator sources

Real GDP growth · 2025 · World Bank · Primary source →

Central government debt / GDP · 2021 · World Bank · Primary source →

Current account / GDP · 2024 · World Bank · Primary source →

Inflation · 2019 · World Bank · Primary source →

GDP per capita · 2025 · World Bank · Primary source →

Trade openness · 2024 · World Bank · Primary source →

RicherFin and agency ratings

The RicherFin opinion is distinct from agency ratings. A dash indicates an unavailable value.

Moody's · B2 · · Source →