Swaziland Balance Of Trade
Swaziland · Quarterly series · EC-SZ-BOT
Latest, Q1 2026
1.16B SZL
-40.1% from Q4 2025
Forecast
Forecast for Q1 2027: 1.07B SZL, with an 80% interval of -269.62M SZL to 2.42B SZL.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| Q2 2026 | 498.58M SZL | -842.16M SZL | 2.18B SZL |
| Q3 2026 | 1.48B SZL | -224.79M SZL | 3.04B SZL |
| Q4 2026 | 1.56B SZL | 1.02B SZL | 2.05B SZL |
| Q1 2027 | 1.07B SZL | -269.62M SZL | 2.42B SZL |
AI confidence
Supported evidenceThe point forecast beat the no-change baseline overall and in a majority of the evaluated tests.
Model: Agentic Investor TSFM (foundation model)
- Accuracy vs naive
- +31%Beats the no-change baseline over 8 tests (8 tests, 8 won)
- Direction
- 72%No clear edge over a coin flip (23 of 32 calls right in 8 tests)
- Turning points
- 12 of 17Anticipated most turns (17 turns in 8 tests, 0 without a turn)
- Error vs baseline
- 31% lowerError ratio 0.69; 1.00 is a tie.
- Tests won
- 8 / 8Complete rolling backtests; ties count as no win.
- Test period
- 2018-06-01 to 2026-03-014 observations ahead per test.
- 80% band coverage
- 81%Observed outcomes inside the band across all stored test windows.
- Band coverage uses all stored test windows, including model-selection windows when present; it does not determine the confidence label.
- Evaluated 2026-11-15 against the cached history through 2026-03-01.
- This is an evaluation of the serving model; it does not establish a winner across four model classes.
How this assessment is made
AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.
Model comparison
Comparison pendingA new ticker first receives its serving model's forecast and evaluation. An eligible nightly batch can compare both candidates, subject to call budgets and retry limits.
Reading
It is above 64% of the 39 earlier readings since Q2 2016.
Recent history (24 observations)
| Period | Value |
|---|---|
| Q1 2026 | 1.16B SZL |
| Q4 2025 | 1.93B SZL |
| Q3 2025 | 1.23B SZL |
| Q2 2025 | 112.70M SZL |
| Q1 2025 | 1.65B SZL |
| Q4 2024 | 1.18B SZL |
| Q3 2024 | 2.18B SZL |
| Q2 2024 | -69.00M SZL |
| Q1 2024 | 1.35B SZL |
| Q4 2023 | 656.50M SZL |
| Q3 2023 | 1.81B SZL |
| Q2 2023 | 570.30M SZL |
| Q1 2023 | -285.50M SZL |
| Q4 2022 | 900.50M SZL |
| Q3 2022 | 917.20M SZL |
| Q2 2022 | -538.60M SZL |
| Q1 2022 | -362.30M SZL |
| Q4 2021 | 1.18B SZL |
| Q3 2021 | 1.20B SZL |
| Q2 2021 | -457.60M SZL |
| Q1 2021 | -226.00M SZL |
| Q4 2020 | 1.10B SZL |
| Q3 2020 | 1.78B SZL |
| Q2 2020 | 195.20M SZL |
Source
Data: public market data feeds.
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- Swaziland CPI Transportation
- Swaziland Central Bank Balance Sheet
- Swaziland Central Bank Lending Rate
- Swaziland Consumer Price Index
- Swaziland Corporate Tax Rate
- Swaziland Corruption Index
- Swaziland Corruption Rank
- Swaziland Current Account
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- Swaziland Ease Of Doing Business Ranking
- Swaziland Exports