Deposit interest rate (%) in Eswatini
Eswatini: Deposit interest rate (%) was 3.9% in 2024. ▼ Falling
Deposit interest rate in Eswatini, 1973–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
Eswatini recorded 3.9% for deposit interest rate in 2024.
Compared with earlier readings it is down 12.1% on the previous year and up 82.4% over ten years.
Over the whole period, deposit interest rate in Eswatini peaked at 15.0% in 1984 and was at its lowest, 1.8%, in 2021.
Eswatini ranks 76th of 153 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 52 years of available data.
Deposit interest rate (%) in Eswatini, year by year
| Year | % | Change |
|---|---|---|
| 1973 | 5.5% | — |
| 1974 | 7.0% | +27.7% |
| 1975 | 8.0% | +13.4% |
| 1976 | 7.8% | -2.6% |
| 1977 | 7.8% | +0.0% |
| 1978 | 7.7% | -1.1% |
| 1979 | 5.6% | -26.6% |
| 1980 | 4.5% | -20.0% |
| 1981 | 6.6% | +46.3% |
| 1982 | 11.7% | +77.2% |
| 1983 | 11.2% | -4.3% |
| 1984 | 15.0% | +34.3% |
| 1985 | 14.4% | -4.1% |
| 1986 | 7.6% | -47.2% |
| 1987 | 4.9% | -35.6% |
| 1988 | 6.7% | +37.9% |
| 1989 | 9.1% | +34.7% |
| 1990 | 8.7% | -3.7% |
| 1991 | 10.6% | +21.3% |
| 1992 | 10.5% | -1.0% |
| 1993 | 7.9% | -24.8% |
| 1994 | 7.5% | -4.5% |
| 1995 | 9.4% | +25.3% |
| 1996 | 11.1% | +17.4% |
| 1997 | 12.0% | +8.3% |
| 1998 | 11.9% | -0.7% |
| 1999 | 9.9% | -17.3% |
| 2000 | 6.5% | -33.8% |
| 2001 | 6.2% | -5.8% |
| 2002 | 8.0% | +30.4% |
| 2003 | 7.6% | -5.3% |
| 2004 | 4.6% | -39.0% |
| 2005 | 4.0% | -13.4% |
| 2006 | 4.9% | +22.9% |
| 2007 | 7.1% | +43.1% |
| 2008 | 8.2% | +15.8% |
| 2009 | 5.4% | -33.8% |
| 2010 | 3.9% | -28.7% |
| 2011 | 2.9% | -26.0% |
| 2012 | 2.5% | -13.5% |
| 2013 | 2.1% | -15.6% |
| 2014 | 2.1% | +2.9% |
| 2015 | 2.3% | +6.1% |
| 2016 | 2.9% | +29.5% |
| 2017 | 3.2% | +8.8% |
| 2018 | 3.8% | +17.5% |
| 2019 | 3.7% | -2.0% |
| 2020 | 2.5% | -33.1% |
| 2021 | 1.8% | -27.8% |
| 2022 | 2.5% | +42.8% |
| 2023 | 4.4% | +74.7% |
| 2024 | 3.9% | -12.1% |
Eswatini compared with similar countries
- Eswatini's 3.9% is below the median for lower middle income countries, which is 5.2%, 75% of the median. (42 countries reporting)
- Eswatini's 3.9% is below the median for Sub-Saharan Africa, which is 5.7%, 68% of the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.0% | 5.5% | 8.0% | 7 |
| 1980s | 9.2% | 4.5% | 15.0% | 10 |
| 1990s | 10.0% | 7.5% | 12.0% | 10 |
| 2000s | 6.2% | 4.0% | 8.2% | 10 |
| 2010s | 2.9% | 2.1% | 3.9% | 10 |
| 2020s | 3.0% | 1.8% | 4.4% | 5 |
Countries ranked near Eswatini
- 73 Philippines 4.1% compare
- 74 New Zealand 3.9% compare
- 75 Bolivia 3.9% compare
- 77 Liberia 3.8% compare
- 78 Maldives 3.6% compare
- 79 Costa Rica 3.4% compare
More financial sector data for Eswatini
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 7.15 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 5.22 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 7.15 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is deposit interest rate in Eswatini?
- Deposit interest rate in Eswatini was 3.9% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Eswatini?
- The highest recorded value was 15.0% in 1984.
- What is the lowest deposit interest rate recorded in Eswatini?
- The lowest recorded value was 1.8% in 2021.
- How does Eswatini rank for deposit interest rate?
- Eswatini ranks 76th out of 153 countries with data for 2024.
- Is deposit interest rate rising or falling in Eswatini?
- Over the last ten years it is up 82.4%. The long-run trend across the full record is falling.
- Where does this Eswatini data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.