Military spending in Eswatini

Eswatini: Military spending was 88.11 million constant 2024 US$ in 2025. ◆ Volatile

Latest (2025)
88.11 million constant 2024 US$
Change on year
up 6.0%
World rank
143rd
of 162 countries
All-time high
91.14 million constant 2024 US$
in 2016
All-time low
13.14 million constant 2024 US$
in 1988
Years of data
49
1977–2025

Military spending in Eswatini, 1977–2025

20.0M40.0M60.0M80.0M100.0M197720012025

Source: Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data. Measured in constant 2024 US$.

Analysis

The most recent figure for military spending in Eswatini is 88.11 million constant 2024 US$, measured in 2025.

That represents a change of up 6.0% on the previous year and up 13.3% over ten years.

Over the whole period, military spending in Eswatini peaked at 91.14 million constant 2024 US$ in 2016 and was at its lowest, 13.14 million constant 2024 US$, in 1988.

Eswatini ranks 143rd of 162 countries on this measure, in the bottom quarter.

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

Military spending in Eswatini, year by year

Annual values for Military spending in Eswatini, 1977 to 2025.
Year constant 2024 US$ Change
1977 14.60 million constant 2024 US$ —
1978 20.62 million constant 2024 US$ +41.2%
1979 21.13 million constant 2024 US$ +2.5%
1980 21.25 million constant 2024 US$ +0.5%
1981 18.77 million constant 2024 US$ -11.7%
1982 18.78 million constant 2024 US$ +0.0%
1983 18.30 million constant 2024 US$ -2.5%
1984 16.67 million constant 2024 US$ -8.9%
1985 15.20 million constant 2024 US$ -8.8%
1986 15.17 million constant 2024 US$ -0.2%
1987 13.56 million constant 2024 US$ -10.6%
1988 13.14 million constant 2024 US$ -3.1%
1989 14.11 million constant 2024 US$ +7.4%
1990 20.05 million constant 2024 US$ +42.1%
1991 22.10 million constant 2024 US$ +10.3%
1992 27.81 million constant 2024 US$ +25.8%
1993 32.18 million constant 2024 US$ +15.7%
1994 33.43 million constant 2024 US$ +3.9%
1995 33.90 million constant 2024 US$ +1.4%
1996 34.76 million constant 2024 US$ +2.5%
1997 33.44 million constant 2024 US$ -3.8%
1998 37.42 million constant 2024 US$ +11.9%
1999 39.25 million constant 2024 US$ +4.9%
2000 38.39 million constant 2024 US$ -2.2%
2001 35.61 million constant 2024 US$ -7.3%
2002 36.34 million constant 2024 US$ +2.1%
2003 42.33 million constant 2024 US$ +16.5%
2004 46.71 million constant 2024 US$ +10.4%
2005 61.07 million constant 2024 US$ +30.7%
2006 60.83 million constant 2024 US$ -0.4%
2007 61.92 million constant 2024 US$ +1.8%
2008 69.42 million constant 2024 US$ +12.1%
2009 75.47 million constant 2024 US$ +8.7%
2010 83.87 million constant 2024 US$ +11.1%
2011 81.92 million constant 2024 US$ -2.3%
2012 72.27 million constant 2024 US$ -11.8%
2013 76.39 million constant 2024 US$ +5.7%
2014 76.83 million constant 2024 US$ +0.6%
2015 77.78 million constant 2024 US$ +1.2%
2016 91.14 million constant 2024 US$ +17.2%
2017 84.02 million constant 2024 US$ -7.8%
2018 87.67 million constant 2024 US$ +4.3%
2019 84.14 million constant 2024 US$ -4.0%
2020 81.94 million constant 2024 US$ -2.6%
2021 76.42 million constant 2024 US$ -6.7%
2022 81.15 million constant 2024 US$ +6.2%
2023 87.06 million constant 2024 US$ +7.3%
2024 83.16 million constant 2024 US$ -4.5%
2025 88.11 million constant 2024 US$ +6.0%

Eswatini compared with similar countries

  • Eswatini's 88.11 million constant 2024 US$ is below the median for lower middle income countries, which is 557.82 million constant 2024 US$, 16% of the median. (39 countries reporting)
  • Eswatini's 88.11 million constant 2024 US$ is below the median for Sub-Saharan Africa, which is 336.91 million constant 2024 US$, 26% of the median. (45 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1970s 18.78 million constant 2024 US$ 14.60 million constant 2024 US$ 21.13 million constant 2024 US$ 3
1980s 16.49 million constant 2024 US$ 13.14 million constant 2024 US$ 21.25 million constant 2024 US$ 10
1990s 31.43 million constant 2024 US$ 20.05 million constant 2024 US$ 39.25 million constant 2024 US$ 10
2000s 52.81 million constant 2024 US$ 35.61 million constant 2024 US$ 75.47 million constant 2024 US$ 10
2010s 81.60 million constant 2024 US$ 72.27 million constant 2024 US$ 91.14 million constant 2024 US$ 10
2020s 82.98 million constant 2024 US$ 76.42 million constant 2024 US$ 88.11 million constant 2024 US$ 6

Countries ranked near Eswatini

  1. 140 Papua New Guinea 109.46 million constant 2024 US$ compare
  2. 141 Moldova 102.67 million constant 2024 US$ compare
  3. 142 South Sudan 102.61 million constant 2024 US$ compare
  4. 144 Fiji 81.39 million constant 2024 US$ compare
  5. 145 Central African Republic 68.03 million constant 2024 US$ compare
  6. 146 Djibouti 51.72 million constant 2024 US$ compare

See the full ranking of 162 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 88.11 million constant 2024 US$ in 2025, according to Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data.
What is the highest military spending recorded in Eswatini?
The highest recorded value was 91.14 million constant 2024 US$ in 2016.
What is the lowest military spending recorded in Eswatini?
The lowest recorded value was 13.14 million constant 2024 US$ in 1988.
How does Eswatini rank for military spending?
Eswatini ranks 143rd out of 162 countries with data for 2025.
Is military spending rising or falling in Eswatini?
Over the last ten years it is up 13.3%. The long-run trend across the full record is volatile.
Where does this Eswatini data come from?
The figures come from Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.

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Military spending in Eswatini. Statizoid, drawing on Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data. Retrieved 28 September 2026, from https://reference.statizoid.com/stat/military-spending-sipri/eswatini/

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About this data

Indicator
Military spending
Unit
constant 2024 US$
Source
Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
162 places, 8,341 data points, 1949–2025
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.