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Zambia

Headline economic indicators for Zambia, with the most recent official readings.

Prices

Prices — Zambia
Indicator Value Change
Inflation rate · 13.9% -1.08 (-7.2%)
Consumer price index · 483.3 +59.02 (+13.9%)
GDP deflator inflation · 5.6% -8.78 (-60.9%)

GDP

GDP — Zambia
Indicator Value Change
GDP growth rate · 3.8% -0.06 (-1.6%)
GDP per capita · 1,317.88 +130.77 (+11.0%)
GDP per capita, long-run history · 3,342 +20.83 (+0.6%)
GDP · 28,879,806,220.13 +3,576,620,878 (+14.1%)
GDP, PPP · 95,966,580,563 +5,995,853,498 (+6.7%)
GDP per capita, PPP · 4,379 +158.25 (+3.7%)
GDP per capita growth · 0.9% -0.02 (-2.1%)
GNI per capita · 1,200 +10.00 (+0.8%)
Agriculture to GDP · 4.1% +1.27 (+44.9%)
Industry to GDP · 35.3% +0.09 (+0.2%)
Manufacturing to GDP · 8.7% -0.30 (-3.3%)
Services to GDP · 57.0% -0.16 (-0.3%)
Household consumption to GDP · 48.0% +0.93 (+2.0%)
Gross capital formation to GDP · 23.8% -7.66 (-24.3%)
Gross savings to GDP · 32.2% -2.31 (-6.7%)

Labour

Labour — Zambia
Indicator Value Change
Unemployment rate · 5.9% +0.02 (+0.3%)
Labour force participation rate · 61.9% +0.03 (+0.1%)
Female labour force participation rate · 56.4% +0.06 (+0.1%)
Youth unemployment rate · 10.5% +0.37 (+3.6%)
Employment to population ratio · 58.3% +0.02 (+0.0%)
Employment in agriculture · 54.5% -0.80 (-1.4%)
Employment in industry · 10.3% +0.27 (+2.7%)
Employment in services · 35.2% +0.53 (+1.5%)

Money

Money — Zambia
Indicator Value Change
Real interest rate · -3.9% -6.36 (-257.6%)
Broad money to GDP · 30.8% -0.25 (-0.8%)
Private sector credit to GDP · 19.2% +2.15 (+12.6%)
Lending rate · 9.5% -0.81 (-7.9%)
Bank deposit rate · 8.7% +0.43 (+5.2%)
Stock market capitalization to GDP · 51.6% +20.93 (+68.2%)
Bank nonperforming loans · 2.8% -1.29 (-31.8%)
Official exchange rate · 25.28 -0.89 (-3.4%)

Trade

Trade — Zambia
Indicator Value Change
Current account to GDP · -5.5% -1.05 (-23.8%)
Exports to GDP · 35.0% -5.86 (-14.4%)
Imports to GDP · 27.6% -9.84 (-26.3%)
Trade to GDP · 62.5% -15.71 (-20.1%)
Exports of goods and services · 8,851,528,097.9 -2,412,998,190 (-21.4%)
Imports of goods and services · 6,971,790,366.12 -3,341,196,897 (-32.4%)
Trade balance, goods and services (annual) · 883,258,305.1 +194,527,349 (+28.2%)
Current account balance (annual) · -1,577,442,612.83 -461,309,725 (-41.3%)
Foreign direct investment to GDP · 4.5% -4.85 (-52.0%)
Remittances received to GDP · 1.4% +0.08 (+5.8%)
Total reserves, including gold · 4,089,834,507.97 +916,656,731 (+28.9%)
Reserves in months of imports · 3.3 +0.27 (+9.0%)
External debt to GNI · 114.2% +3.53 (+3.2%)

Government

Government — Zambia
Indicator Value Change
Government debt to GDP · 71.4% -32.13 (-31.0%)
Government revenue to GDP · 23.4% +2.70 (+13.0%)
Government expense to GDP · 25.1% -0.24 (-0.9%)
Tax revenue to GDP · 18.8% +1.56 (+9.0%)
Government budget balance to GDP · -3.2% +0.39 (+10.8%)
Government consumption to GDP · 12.7% -0.63 (-4.8%)
Education spending to GDP · 4.1% +0.41 (+11.3%)
Health spending to GDP · 6.0% +0.77 (+14.7%)

Demography

Demography — Zambia
Indicator Value Change
Population · 21,913,874 +598,918 (+2.8%)
Population, long-run history · 20,485 +557.27 (+2.8%)
Population growth · 2.8% -0.04 (-1.4%)
Life expectancy · 66.5 +0.18 (+0.3%)
Fertility rate · 4.04 -0.07 (-1.6%)
Birth rate · 32.7 -0.36 (-1.1%)
Death rate · 5.2 -0.04 (-0.8%)
Urban population share · 45.9% +0.45 (+1.0%)
Population aged 65 and over · 2.0% +0.05 (+2.7%)
Under-five mortality rate · 48.4 -0.70 (-1.4%)
Population density · 28.7 +0.79 (+2.9%)
Net migration · 6,562 -819.00 (-11.1%)
Gini index · 51.5 -4.30 (-7.7%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Zambia

Economies nearby

Comparable readings from neighbouring economies.