Military spending in Eswatini

Eswatini: Military spending was 91.46 million constant 2022 US$ in 2023. ◆ Volatile

Latest (2023)
91.46 million constant 2022 US$
Change on year
up 0.9%
World rank
150th
of 172 countries
All-time high
3.18 billion constant 2022 US$
in 1972
All-time low
4.74 million constant 2022 US$
in 1975
Years of data
56
1968–2023

Military spending in Eswatini, 1968–2023

01.0B2.0B3.0B196819952023

Source: Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.

Analysis

In 2023, military spending in Eswatini stood at 91.46 million constant 2022 US$.

That represents a change of up 0.9% on the previous year and down 13.1% over ten years.

Over the whole period, military spending in Eswatini peaked at 3.18 billion constant 2022 US$ in 1972 and was at its lowest, 4.74 million constant 2022 US$, in 1975.

Eswatini ranks 150th of 172 countries on this measure, in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1960s 2.67 billion constant 2022 US$ 2.53 billion constant 2022 US$ 2.82 billion constant 2022 US$ 2
1970s 1.23 billion constant 2022 US$ 4.74 million constant 2022 US$ 3.18 billion constant 2022 US$ 10
1980s 21.98 million constant 2022 US$ 16.51 million constant 2022 US$ 32.10 million constant 2022 US$ 10
1990s 36.03 million constant 2022 US$ 22.24 million constant 2022 US$ 44.71 million constant 2022 US$ 10
2000s 66.83 million constant 2022 US$ 44.08 million constant 2022 US$ 90.83 million constant 2022 US$ 10
2010s 103.43 million constant 2022 US$ 97.06 million constant 2022 US$ 109.36 million constant 2022 US$ 10
2020s 96.47 million constant 2022 US$ 90.64 million constant 2022 US$ 102.20 million constant 2022 US$ 4

Countries ranked near Eswatini

  1. 147 Nicaragua 110.71 million constant 2022 US$ compare
  2. 148 Guyana 106.79 million constant 2022 US$ compare
  3. 149 Eritrea 96.47 million constant 2022 US$ compare
  4. 151 Fiji 87.78 million constant 2022 US$ compare
  5. 152 Moldova 82.38 million constant 2022 US$ compare
  6. 153 Maldives 65.41 million constant 2022 US$ compare

See the full ranking of 172 places →

More reference data data for Eswatini

All data for Eswatini →

Frequently asked questions

What is military spending in Eswatini?
Military spending in Eswatini was 91.46 million constant 2022 US$ in 2023, according to Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data.
What is the highest military spending recorded in Eswatini?
The highest recorded value was 3.18 billion constant 2022 US$ in 1972.
What is the lowest military spending recorded in Eswatini?
The lowest recorded value was 4.74 million constant 2022 US$ in 1975.
How does Eswatini rank for military spending?
Eswatini ranks 150th out of 172 countries with data for 2023.
Is military spending rising or falling in Eswatini?
Over the last ten years it is down 13.1%. The long-run trend across the full record is volatile.
Where does this Eswatini data come from?
The figures come from Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Military spending
Unit
constant 2022 US$
Source
Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed

This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.