Zambia gdp 2024. 9% in 2023 and 4. Nominal GDP in Zambia GDP per capita (current US$) - Zambia. 64%) is higher than the US's 2. Zambia gni per capita for 2022 was $1,240, a 8. Updated: Jul 2, 2024 2:07 PM CDT. Units: Current U. GDP per capita of Zambia in nominal and ppp terms. Zambia: GDP Growth, Public and (In percent) Source: IMF Staff estimates; 0 5 10 15 20 25 30 35-4-2 0 2 4 6 8 10 12 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 GDP growth rates Public investment-to-GDP ratio (RHS) Private investment-to-GDP ratio (RHS) ZAMBIA ; INTERNATIONAL MONETARY FUND ; 7; Zambia debt to gdp ratio for 2022 was 0. Zambia continues to engage in good faith negotiations with other commercial private creditors, aiming for an agreement by year Per capita GDP ($, 2022): 1,455. According to this forecast, the share will stay Central government debt, total (% of GDP) - Zambia from The World Bank: Data This site uses cookies to optimize functionality and give you the best possible experience. Population, GDP, life expectancy, birth rate and other key metrics for Zambia. 78 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. The 2024 Africa Country Policy and Institutional Assessment (CPIA) report covers the Zambia is experiencing the driest agricultural season in more than forty years, resulting in significant crop losses, increased livestock deaths, and worsening poverty. GDP in Zambia is expected to reach 28. 9921 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. 00 percent in 2025 and 5. Boakai might have it easier than Weah: after contracting in 2020 and 2021, growth re-started in 2022. 65% in 1965 and a record low of -8. 11B , a 22. GDP per capita growth (annual %) - Zambia from The World Bank: Data This site uses cookies to optimize functionality and give you the best possible experience. This page provides - Zambia Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news. 2023: 28,162,630,953. The GDP figure in 2023 was €26,022 $28,163 million, Zambia is number 110 in the ranking of GDP of the 196 countries that we publish. 2% in 2021 and 2022, In terms of prospects for 2024, the 4. Zambia - GDP per capita (constant 2000 US$) - actual values ZDA's 2022-2026 plan targets USD 36B in investments to drive Zambia's growth, job creation, and sectoral development. Zambia GDP Per Capita reached 1,375. 50 percent of GDP in 2026, according to our econometric Country comparison, you can compare any two countries and see the data side by side. Zambia Total Exports data is updated monthly, available from Jan 2003 to Jul 2024, with an averaged value of 625. The 2024 National Budget reflects the government’s continued effort to resolve Zambia’s public debt. By Sanjesh Singh • Published July Zambia GDP Annual Growth Rate - values, historical data and charts - was last updated on September of 2024. 9 GDP, current US$ billion 19. 00 USD by the end of 2024, according to Trading Economics global macro models and analysts expectations. 63% in 1994. 59% decline from 2018. 88% increase from 2020. The country's Nominal GDP was reported at 28. GDP Full Year GDP Growth GDP GDP Annual Growth Rate GDP This page provides - Zambia Unemployment Rate - actual values, historical data, forecast, chart Lusaka - ZAMBIA Tel: +260-211-252395 E-mail: info@mgee. 5 million acres) from 2. Save. GDP per capita year to date (annual $0) Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product. Zambia’s poor, youthful population consists primarily of Bantu-speaking people representing nearly 70 different ethnicities. rate GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Gross fixed capital formation (% of GDP) in Zambia was reported at 25. 2 % of the country's Nominal GDP in 2023, The country's External Debt reached 23,790. 6 million which gives a GDP per capita PPP of $6,262. 1% in 2024, while the fiscal deficit Full Year GDP Growth in Zambia is expected to reach 2. 2% and Inflation to Fall. For more information on Zambia's unemployment click here. 3% of GDP in 2019 to 3. Zambia offers a feast for foodies, from meat to veggies to fish. 80 percent in 2026, according to our econometric models. rate For Immediate Release. Zambia gdp per capita for 2021 was $1,135 , a 18. 792 % The AfDB forecasts Zambia’s GDP to grow by 4. These estimates are similar to the ones the African Development Bank (AfDB) includes in its recently issued Africa’s Macroeconomic The absolute value of GDP in Zambia rose €2,139 $4,037 million with respect to 2020. GDP per capita (constant 2015 US$) in Zambia was reported at 1308 USD in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Zambia - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2024. 98% increase from 2021. 8% year-on-year in August of 2024 . License : CC BY-4. Zambia’s high fertility rate continues to drive rapid population growth, averaging almost 3% annually between 2000 and 2010, and reaching over 3. 5 percent GDP from Agriculture in Zambia decreased to 1573. $) % to World Rank/Total Current Constant (2010) Current Lusaka - Zambia: Finance Minister Situmbeko Musokotwane has announced the government's optimism regarding an economic upturn in 2024, driven by new Facebook Twitter Sign in As per World Bank estimates, the nominal world GDP in 2017 was $80,683. 6% over the last decade Key information about Zambia Private Debt: % of Nominal GDP Zambia Private Debt accounted for 12. 00 ZMW Million by the end of 2024, according to Trading Economics global macro models and analysts expectations. 2% in 2023 and 1. 1% in 2024. 88 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. 2024 Data 2025 Forecast 1960-2023 Historical. 6%, a sharper drop than was seen at the onset of the Covid-19 pandemic in Q2 2020 (-5. This list contains projected GDP (Nominal and PPP) of top 50 Countries/Economies in current prices of year by IMF alongside their The US and China's margins are coming down in nominal rankings as China's GDP growth rate in 2024 (4. The African Development Bank (AfDB) recently presented the 2023 edition of its flagship African Economic Outlook report. 21 % in the previous year Zambia Private Debt contribution to Nominal GDP ratio is updated yearly, available from Dec 1965 to Dec 2023, with an average share of 9. Label. The Gross Domestic Product (GDP) in Zambia expanded 8 Zambia - GDP per capita, PPP (current international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2024. 87: Loading statistic (GDP) 2024; Countries with the largest gross domestic product (GDP) per capita 2023; Gross domestic product of G20 countries 2022 and 2027; Insurance company assets to GDP (%) in Zambia was reported at 1. Zambia in 2024 Olympics opener It marked the first of three group games for the U. Share of Global GDP expressed as a percentage of the sum of GDP for all countries in the World Economics database. The result is a dangerous gridlock that must be urgently tackled through collective action, according to a new report released by the Related information about Zambia Real GDP Growth. 4 GDP per capita, current US$ 1283. In the long-term, the Zambia Full Year GDP Growth is projected to trend around 6. Displayed data relates to the latest data available: 2023. GDP from Manufacturing in Zambia decreased to 3431. What was Zambia's External Debt in Mar 2024? Zambia External Debt reached 23. Zambia Country Report 2024 Country Dashboard Zambia More about Zambia in the BTI Atlas Sustainability Steering to rely on copper for around 70% to 80% of all export revenue, and agricultural exports have only expanded from 1. This page provides - Zambia Gdp From Agriculture- actual values, historical data, forecast, chart, statistics Gross Domestic Product of Zambia grew 5. There is a notable reduction in external debt service allocation, representing a 33 percent Gross savings (% of GDP) in Zambia was reported at 45. Manufacturing, value added (% of GDP) in Zambia was reported at 8. dollars (Billions) GDP, current US$ 2000 2004 2008 2012 2016 0 10 20 30 40 50 Source: IMF World Economic Outlook, October 2014 Last updated: Thursday, 11 December 2014 Economic Growth in Zambia Zambia's economy recorded an average growth rate of 3. . 14 Bn. Zambia gni per capita for 2020 was $1,130, a 18. 8% decline from 2018. Inflation: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is now projected to reach about 5. 95B, a 14. 6% published in 2011. Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. 91% decline from 2021. Zambia defaulted on its debt in 2020 and has struggled to agree a relief deal with lenders , with policymakers saying the delays were Nominal Gross Domestic Product for Zambia from International Monetary Fund (IMF) for the International Financial Statistics (IFS) release. If we assume our annual population growth is 2. 1 International poverty rate ($2. 7 billion U. 0% in 2023, and by 4. Access Zambia’s economy facts, statistics, project information, development research from experts and latest news. Here you have the comparison of Zimbabwe vs Zambia In the long-term, the Zambia Unemployment Rate is projected to trend around 6. 1. Zambia education spending for 2019 was 15. 00 Zambia - GDP per capita, PPP (current international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2024. Zambia education spending for 2020 was 12. 39 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. 70 ZMW Million in the third quarter of 2023 from 2375. 4 percent between July 2023 and July 2024 (see Figure 1). Zambia GDP per Capita was INT$$3,683 for 2024 in PPP terms. Zambia Government debt accounted for 40. Zambia economic growth for 2021 was $22. 2%. Zambia's is officially reported as having a debt-to-GDP ratio of 99% by the IMF. 8248 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. 3 minute read. Key information about Zambia Market Capitalization: % of GDP. 9 Jul 2024: monthly Jan 2003 - Jul 2024 Total Exports (USD mn) 1,007. 97 percent from 2005 until 2024, reaching an all time high of 24. 2 percent recorded in June, 2024. The country’s GDP growth was 5. (October 2023 - March 2024). 2% y-o-y in Q1 2024, a sharp slowdown from 8. Aggregates are based on constant U. 2% of GDP in 2024 and 3. Graph and download economic data for Nominal Gross National Saving for Zambia (ZMBNGSGDPPT) from 2000 to 2025 about Zambia, savings, REO, and gross. 8% GDP growth target set in the 2024 National Budget, while moderate, suggests a hopeful economic outlook for Zambia (data from the Zambia Institute for Policy Analysis and Research). The government owned Zambia Statistics Agency( Zamstats), for example, has reported inflation to have increased from 13. Using the World Economics GDP Database it is possible to see more realistic debt levels for each country. Lusaka, its culinary heart, is where we explore this tasty food scene USWNT cruises to 3-0 win vs. 0. Hakainde Hichilema, at a National Youth Indaba. Zambia - GDP per capita - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2024. Quota (SDR millions): 978. 2%) and again in 2018 (5. This rate is 42 -tenths of one percent less than the previous year, when changed 1. 6%. Find out more on our dedicated page. 00 USD in 2025 and 4266. In the long-term, the Zambia Full Year GDP The AfDB forecasts Zambia’s GDP to grow by 4. The costs of a cholera outbreak further extend to economic consequences as seen in the closure of schools for General government expenditure on education (current, capital, and transfers) is expressed as a percentage of total general government expenditure on all sectors (including health, education, social services, etc. Indicator. The GDP figure in 2019 was €20,819 $23,309 million, Zambia is number 111 in the ranking of GDP of the 196 countries that we publish. 79 billion. Africa will account for eleven of the world’s 20 fastest-growing economies in 2024, the African Development Bank Group said in its latest Macroeconomic Performance and Outlook (MEO) of the GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Data are in current U. Zambia debt to gdp ratio for 2020 was 103. 5% of the country’s GDP and over 70% of foreign exchange earnings in 2021. 65)a 81. 4%. rate Upper middle-income pov. However, the SADC Region The World Bank (WB) expects that Zambia’s GDP growth will remain close to 3. 38B, a 30. [57] Gross Domestic Product of Zambia grew 1. (GDP) by 2. 2024: 4. 45% increase from 2021. GDP per capita of USD 1,454 compared to the global average of USD 10,589. 97% from 1961 until 2019, reaching an all-time high of 16. 8% in 2020 compared to last year. The decline was due to the Russia-Ukraine war and the associated cost-of-living crises in many countries. 4 Percent Annual inflation for July 2024 increased to 15. The economy of Zambia has grown at an average annual growth rate of 4. The GDP per capita of Zambia in 2021 was €925 $1,137, €87 $180 higher than in 2020 Producer price goes down in August of 2024 in Mexico. Real Gross Domestic Product for Zambia. 8 percent Zambia external debt for 2022 was $28,700,808,783, a 4. Please check the Data Availability for coverage GDP of Zambia in nominal and ppp terms. Zambia consumer spending for 2021 was $7. 9% in 2023 but is projected to rise to 4. Zambia has a GDP of $26 Billion and numerous multi millionaires. 00 percent in 2025, according to our econometric models. 90bn in 2029. Central government debt, total (% of GDP) - Zambia International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates. Zambia - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2024. Zambia Nominal GDP reached 28. Inflation Rate in Zambia averaged 10. 4%). Feedback. Zambia Population 2024 (Live) 21,437,095. 8 %. Total natural resources rents (% of GDP) in Zambia was reported at 35. Dollar for General government final consumption expenditure (% of GDP) in Zambia was reported at 14. 3% in 2024 to 7. Zambia gdp for 2021 was $22. Exports of goods and services (% of GDP) in Zambia was reported at 40. 9% Tax revenue (% of GDP) in Zambia was reported at 16. It includes expenditure funded by transfers from international sources to government. v NATIONA GREEN GROWT STRATEGY 2024 2030 ACKNOWLEDGEMENTS GDP Gross Domestic Product GEM Green Economy Model GFMWG GDP growth is forecast to be 4. 0% in 2025, driven by falling food and fuel prices. Research and data (GDP) and employs 59% of the workforce. 4 % in the previous year; Jan 2011 - Zambia - Exports Of Goods And Services (% Of GDP) 2024 Data 2025 Forecast 1960-2023 Historical. GDP growth (annual %) - Zambia from The World Bank: Data. Zambia debt to gdp ratio for 2019 was 61. Dollars, Not Seasonally Adjusted Frequency: Annual Notes: GDP at In March 2024, Zambia marked yet another significant step in its economic transformation plan with the launch of the updated National Youth Policy by His Excellency, the President of the Republic of Zambia, Mr. As of June 2024, Malawi's public debt stock reached 81. Zambia The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. This rate is 20 -tenths of one percent higher than the figure of 5. 5 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 International poverty rate Lower middle-income pov. 98 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. 20 ZMW Million in the second quarter of 2023. Fiscal deficits are projected to narrow to 5. 93%, a 2. 0 USD bn in Jul 2024, compared with 949. 2 percentage points. Central Statistical Office of Zambia; World Population Prospects (2024 Revision) - United Nations population estimates and projections. Zambia - Gross domestic savings (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2024. 9% in the second quarter of 2022. Zambia - Insurance company assets to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2024. Zambia's debt-to-GDP ratio is projected to be 77. 3% decline from 2019. In 2023, GDP growth for Zambia was 5. 7% in 2025. 7%. 21,716. 2024: 20. Here you have the comparison of Kenya vs Zambia Countries data: Demographic and economy Country comparison Kenya vs Zambia Subscribe to our free email alert service Approved by the Cabinet in November 2023, the Ministry Energy’s Integrated Resource Plan (IRP) for the electricity sector is officially launching on Feb 13, 2024. Zambia inflation rate for 2020 was 15. The GDP figure in 2020 was €15,869 $18,111 million, Zambia is number 116 in the ranking of GDP of the 196 countries that we publish. 90 ZMW Million in the third quarter of 2023 from 4263. Estimates by World Bank Year GDP (Nominal) per capita ($) GDP (PPP) per capita (Int. Economy World Country India. 3 Lower middle-income poverty rate ($3. 3 % in the previous year. Zambia trade to gdp ratio for 2021 was 86. World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP Per Capita PPP data from 1870-2024, building on the lifetimes work of Zambia's economy in numbers: Nominal GDP of USD 29. GDP from Agriculture in Zambia decreased to 1573. Real GDP growth is now projected at 4. 9 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 42. 78 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. 15)a 61. 7% in March,2024. 7% growth to 2. Zambia external debt for 2019 was $29,767,787,495, a 18. 1 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 International poverty rate Lower middle-income pov. 31B, a 11. 9bn. These estimates are similar to the ones the World Bank (WB) Full Year GDP Growth in Zambia is expected to reach 2. Remittance inflows to GDP (%) in Zambia was reported at 0. 2%, the finance minister and central bank governor told the International Monetary Fund in a letter. 4% in 2022 to 2. Zambia gdp growth rate for 2019 was 1. Nominal Gross National Saving for Zambia Skip to main content Mr. Fiscal policy: Zambia's fiscal deficit averaged 7. Lusaka, Zambia, 17th May 2024 – Uneven development progress is leaving the poorest behind, exacerbating inequality, and stoking political polarization on a global scale. View Zambia's External Debt: Agriculture, forestry, and fishing, value added (% of GDP) - Zambia World Bank national accounts data, and OECD National Accounts data files. Where is Zambia? Countries starting with Z. com Skip to main content World Economics has reassessed Zambia's GDP by adjusting for any base year age and size of the informal economy to estimate GDP PPP at $129 billion - 70% larger than offical estimates. 7 percent in 2024. 8% in 2024, reflecting fiscal management Zambia - Gross Fixed Capital Formation (% Of GDP) 2024 Data 2025 Forecast 1970-2022 Historical. 2% in the decade to 2022, just above the Sub-Saharan Africa's average of 3. Zambia defaulted on its debt in 2020 and has struggled to agree a relief deal with lenders, with policymakers saying the delays were harming investment and pushing up inflation. 52 % of its Nominal GDP in Dec 2023, compared with a ratio of 10. This rate is 21 -tenths of one percent less than the figure of 3. Zambia - Exports of goods and services (% of GDP) - actual values Zambia Foreign Direct Investment (FDI) registered a fall equal to 3. 03% decline from 2021. 41% decline from 2021. This page provides the latest reported value for - Zambia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic Zambia GDP, in current US$ 2017-2021 Country / Region. 60 percent in June of 2021 and a record low of 6. 10B , a 22. 41% decline from 2018. Malawi🇲🇼 Current International Dollars: 1,712 | View Malawi’s GDP Rwanda's economy is expected to grow 6. 81% decline from 2020. Almost half of the nation’s “planted area Trade in services (% of GDP) in Zambia was reported at 9. Zambia's GDP had shrunk from US$29 billion to US$19 billion and its debt grew from 16% to 140% of GDP from 2010 through 2020. 3 USD in Dec 2015. 46 billion in 2018, and it’s projected to be $88,081. 3 GDP per capita, current US$ 1019. 30%, a 16. 5 International poverty rate ($2. 23492 : View All: Units: Percent Change From Preceding Period, Not Zambia inflation rate for 2022 was 10. World Bank national accounts data, and OECD National Accounts data files. GeoNames; Sources Zambia’s real GDP performance has remained steady, growing at 6. In 2022, Zambia's real GDP growth was 4. Projections for 2030 are made by applying IMF growth rates for 2024 and 2025, with the 5-Year Compound Annual Growth Rate (CAGR) applied thereafter to extrapolate the data GDP annual growth rate in Zambia averaged 2. 5 % in the previous year. Zambia trade to gdp ratio for 2022 was 69. 0% of the fiscalized GDP GDP per capita is often considered an indicator of a country's standard of living; [1] [2] however, this is inaccurate because GDP per capita is not a measure of personal income. This was indicated in the Zambia Economic Brief titled “Beating the Slowdown: Making Every Kwacha Count”, published by the World Bank (WB) on June 22, 2016. If you continue to navigate this website beyond this page, cookies will be placed on your Here you have the comparison of Zambia vs Malawi, GDP per capita (Dollars) Country comparison Zambia vs Malawi GDP per capita (Dollars) 2024 | countryeconomy. 95 % Access Zambia’s economy facts, statistics, project information, development research from experts and latest news. 8851 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. $) % to World Rank/Total Current Constant (2010) Current GDP growth is forecast to be 4. 44%, a 2. Key information about Zambia Nominal GDP. Almost half of the nation’s “planted area GDP from Agriculture in Zambia decreased to 1573. 6 U. 2 USD mn. Manufacturing, value added (% of GDP) - Zambia from The World Bank: Data Graph and download economic data for Gross Domestic Product for Zambia (MKTGDPZMA646NWDB) from 1960 to 2023 about Zambia and GDP. Key information about Zambia Government Debt: % of GDP. Calendar News Markets Graph and download economic data for Real GDP Per Capita for Zambia (ZMBNGDPRPCPCPPPT) from 2000 to 2025 about Zambia, REO, per capita, real, GDP, and rate. 2% in the last four years and is ranked the 18th largest economy in Africa, ahead of Senegal. 2024 HEALTH BUDGET BRIEF Zambia KEY MESSAGES AND RECOMMENDATIONS This health budget brief examines the Government of the Republic of (constant 2015 prices), K’million Government Health Budget, % of GDP (RHS) Source: Compiled from National Budget Speeches, 2015–2024, Consumer Price Indices and National Accounts. In seasonally adjusted q-o-q terms, the economy contracted by 5. 0 in Mar 2024. Zambia's pathways to growth. Zambia economic growth for 2020 was $18. Latest News National Average Prices for Selected Products, August 2024 On a monthly basis retail prices between July 2024 and September 13, 2024 at 12:00 AM EDT. 13% increase from 2020. 2 USD bn in the previous year. Latvians CPI increased up to 0. 45%, a 10. 1% in 2024, WB Forecasts. Zambia economic growth for 2022 was $29. 6 % of its Nominal GDP in Dec 2019, compared with a percentage of 21. Browse by topic. 7 Inflation is expected to decelerate from 9. S. Latest news and information from the World Bank and its development work in Zambia. 16B, a 31. 80 ZMW Million in the second quarter of 2023. Zambia gdp for 2020 was $18. 81 USD Billion by the end of 2024, according Zambia secures revised deal with Eurobond-holders. 5%. 70%, a 41. 66% increase from 2018. Its Gross Savings Rate was measured at 34. All news about Zambia At a Glance 2024 Projected Real GDP (% Change) : 4. Zambia external debt for 2020 was $29,986,574,359, a 0. CPI remains Key information about Zambia External Debt: % of GDP. Zambia education spending for 2021 was 0. 38% decline from 2020. Macroeconomic Outlook Ÿ Global growth to improve on falling inlation, eased supply-chain constraints, and improved government and consumer spending. 00 ZMW Million in 2025 and 578773. 03: 74. Blog 17 Jan 2024 Sustainable Growth and Inclusive Growth. 2 percent in the decade ending in 2021, with an average contribution to real growth of 0. 54% increase from 2021. 91% decline from 2019. Real GDP Per Capita Broadly, the export-weighted GDP (GDP-9) Index¹ indicates an improvement in economic activity in Zambia's major trading partner countries over the 2024-25 period (Table 1 and Figure 2). Zambia inflation rate for 2019 was 9. 00%, a 12. In 2018, the nominal world GDP was $84,835. 9% during the corresponding period in 2018. 88% increase from 2018. On a nominal basis, the US will be ahead of China by $10 GDP in Zambia is estimated to be $24 billion US dollars at the end of 2023. INTERNATIONAL MONETARY FUND 2 Agenda Zambia: Average Share of GDP 2011-2021 (In percent) Unsustainable public debt 0 20 40 60 80 100 120 140 160 2013 2015 2017 2019 2021 2023 General Government Gross Debt (Percent of GDP) Zambia Sub-Saharan Africa Source: IMF Staff Estimates. 792 % in 2023, according to the World Bank collection of development Agriculture, Value Added (% Of GDP) 2024 Data 2025 Forecast 1960-2023 Historical. Zambia’s biggest mines are turning to a surprising power source as the copper-producing nation battles an GDP per Capita in Zambia is expected to reach 1378. 10B, a 22. 58% increase from 2019. Last Zambia ZM: GDP: Government Consumption Expenditure (ZMW bn) The research institute says the current statistics point to a more optimistic growth trajectory, with progress averaging five percent in the first three quarters of 2023 and that the 4. 2% in 2024, driven by mining, services, and manufacturing. In this post we are going to reveal and discuss the top 10 richest people in Zambia 2024. 77% decline from 2018. rate Latest News Year-on-Year Inflation for July 2024 at 15. 59% increase from 2020. Over nine million people in 84 out of the 117 districts are affected according to the government crop assessment data. 2 USD bn in Dec 2023. 9 % of the country's Nominal GDP in Dec 2021, compared with a growth equal to 1. 32 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. . Our World in Data. 10 percent in 2024 and 6. 1% in the decade to 2022. dollars (+31. In the long-term, the Zambia GDP Current Prices is projected to trend around 547045. Zambia Market Capitalization accounted for 25. Zambia inflation rate for 2021 was 22. The Executive Board of the International Monetary Fund (IMF) completed today the third review of Zambia’s 38-month Extended 2024. Unemployment: The unemployment rate averaged 7. GDP in Zambia is estimated to be $74 billion international dollars at the end of 2024. 29% decline from 2020. 6% in 2024, up from this year's figure of 6. 8% GDP growth target highlighted in the 2024 National Budget, albeit moderate, signals an optimistic economic outlook for Zambia in 2024. The GDP figure in 2012 was €19,837 $25,502 million, Zambia is number 104 in the ranking of GDP of the 196 countries that we publish. 1 Sep 2022 Latest Development: Data released by the Zambia Statistics Agency on June 28 showed that real GDP grew by just 2. Zambia External Debt accounted for 84. The gross domestic product (GDP) per capita in Zambia was forecast to continuously increase between 2024 and 2029 by in total 439. 00 USD in 2026, according to our econometric models. After the sixth consecutive Population, GDP, life expectancy, birth rate and other key metrics for Zambia. NATIONAL GREEN April, 2024 FOREWORD. Average real GDP growth of 3. Zambia - Inflation, GDP deflator (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2024. Conditions do remain challenging, ZAMBIA’S ECONOMIC OUTLOOK FOR 2024 . 8 USD bn in Mar 2024, compared with 23. July 31, 2023. Zambia Current Account deficit accounted for 2. GDP (UN '22) $29. Current Account to GDP in Zambia is expected to reach 7. 77% increase from 2019. Current GDP (estimated data for 2024) and national debt. 4 % surplus in the previous year. Jan 2011 - Zambia debt to gdp ratio for 2022 was 0. 0% in the second quarter of 2023. The World Bank (WB) has recently released its Global Economic Prospects Report – January 2023, in which it forecasts that the GDP of Zambia will expand by 3. 32984 : 2022: 5. 0 % of the country's Nominal GDP in Dec 2023, compared with a 4. 73%. Live statistics for Economy of Zambia. The publication of this document marks a pivotal step towards a U. 71% decline from 2019. Zambia inflation rate for 2022 was 10. FEBRUARY 2024. 3%, down from 3. pdf The share in the global GDP adjusted for PPP in Zambia was forecast to remain on a similar level in 2029 as compared to 2024 with 0. Line Bar Map. 95 % Zambia’s economy grew 4. In 2018, the growth rate for the world GDP was 3. 0%. Salvadorans CPI goes down to 1. 21%, a 6. Inflation, GDP deflator (annual %) in Zambia was reported at 8. This page provides - Zambia Gdp From Agriculture- actual values, historical data, forecast, chart, statistics Zambia is one of the African countries that has seen economic growth over the past 20 years. gov. 77% increase from 2021. Here you have the comparison of Zimbabwe vs Zambia, GDP per capita (Dollars) Country comparison Zimbabwe vs Zambia GDP per capita (Dollars) 2024 | countryeconomy. The population of Zambia is estimated to be 20. Inflation is expected to decline to 7. 0%). 71499 : 2023: 4. Situmbeko Musokotwane, Mp, Minister of Finance and National Planning, Delivered to the National Assembly on Friday, 29th September, 2023 Related Documents: 2024 BUDGET SPEECH_230929_174057. Zambia gni per capita for 2021 was $1,140, a 0. 5 % in Dec 2015. 15)a 64. 6829 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. GDP per capita is gross domestic product divided by midyear population. 73% increase from 2019. According to the IMF, by the end of June We will play a crucial role in contributing to Zambia, through taxes, royalties and employment as well as community development initiatives,” said Goldstein, speaking to the conference’s 2024 theme of ‘Embracing the power of positive disruption: A bold new 3 Executive Summary Global economic growth slowed from 3. 2% in 2024, supported by the ongoing recovery in mining, services, and manufacturing sectors, higher global copper prices, and increased market confidence Zambia gdp per capita for 2022 was $1,457, a 28. Comparisons of national income are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries ( see List Country comparison, you can compare any two countries and see the data side by side. This rate is 12 -tenths of one percent less than the figure of 7% published in 2022. ZAMBIA Table 1 2021 Population, million 18. 7% in 2022, combined with 8. 87. Zambia - Trade in services (% of GDP) - actual values, historical data, forecasts GDP growth is forecast to be 4. 0% of the fiscalized GDP for the year 2024/25. net https://pmrczambia. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. In the long-term, the Zambia GDP per capita PPP is projected to trend around 4032. Zambia - GDP. Home World India. 7. The economy of Zambia has grown at an average annual growth rate of 2. Jan 2011 - Mar 2024 Non-Performing Loans (USD mn) Graph and download economic data for Real Gross Domestic Product for Zambia (ZMBNGDPRPCPPPT) from 2000 to 2025 about Zambia, REO, real, GDP, and rate. 07 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. 4679 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. 3006 % in 2023 Key information about Zambia Current Account Balance: % of GDP. This overall contributing 1/5 of GDP, grew on average by 4. Zambia external debt for 2021 was $27,344,991,378, a 8. Zambia defaulted on its debt in 2020 and has struggled to agree a relief deal with lenders , with policymakers saying the delays were Bank of Zambia - April- 2024 (QPM) MoFNP - April 2024 FocusEconomics - March 2024 IMF WEO April 2024 Actual Real GDP growth 5/15/2024 14 CONCLUSION •The MPC decided to raise the Monetary Policy Rate by 100 basis points to 13. 13 billion in 2019. 30 percent by the end of 2024, according to Trading Economics global macro models and analysts expectations. Zambia gni per capita for 2019 was $1,390 GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. 00 percent in December of 2011. Real GDP per capita is expected to see modest growth, rising to 1. 00 ZMW Million in 2026, according to our econometric The African Development Bank (AfDB) has recently released its first Africa’s Macroeconomic Performance and Outlook – January 2023, in which it estimates that the GDP of Zambia will have grown by +3. 00 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. 4 Lower middle-income poverty rate ($3. 6% in 2012 compared to last year. Looking ahead to 2024, the 4. 0 billion) restructuring deal with bondholders. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation Graph and download economic data for Gross Domestic Product for Zambia (MKTGDPZMA646NWDB) from 1960 to 2023 about Zambia and GDP. Zambia economic growth for 2019 was $23. 1 USD mn in the previous month. 0% in 2023 and 4. 85B, a 16. Gross Domestic Product of Zambia fell -2. 02%, a 6. Zambia Economic Outlook 2023-2024: GDP to Soar by 4. 24962 : 2021: 6. General government usually refers to local, Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product. Zambia consumer spending for 2020 was $6. 22% increase from 2018. Projections by IMF. mgee. 65)a 77. 95: Estimates by World Bank; Year GDP Nominal (billions of $) GDP PPP (billions Int. 0 2010 2012 2014 2016 2018 2020 2022 2024 2026 International poverty rate Lower middle-income pov. 4% The AfDB projects that Zambia's GDP will grow by 4. Zambia - Gross savings (% of GDP) - actual values, historical data, forecasts and This can be proven by the recent IMF downward revision of our GDP forecast for 2024 from 4. 1 billion in 2022. dollars (+49. Nominal Gross Domestic Product for Zambia from International Monetary Fund (IMF) for the International Financial Statistics (IFS) release. 74467 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. 2% and 5. The GDP per Capita in Zambia is equivalent to 11 percent of the world's average. General government usually refers to local, Exports of goods and services (% of GDP) in Zambia was reported at 40. 11B, a 22. 3% in 2024 and to stay above 6% in the years ahead. Please note the exports, imports and tariff data are based on reported data and not gap filled. The growth of the real gross domestic product (GDP) in Zambia was forecast to increase between 2024 and 2029 by in total 0. The International Monetary Fund more than halved its 2024 economic growth forecast for Zambia as the worst drought in more than four decades hits farming and electricity production. $) Share (%) to World Rank/Total; Pension fund assets to GDP (%) in Zambia was reported at 2. Zambia - Tax revenue (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank</a> on September of 2024. 7% and Atlas GNI per capita by 13. ). The Zambian authorities have reached an agreement with holders of Eurobonds, which are now valued at US$3. 87: Sudan: 26. com Skip to main content 28th February 2024 Zambia has been grappling with a severe cholera outbreak since October 2023. The Gross Domestic Product (GDP) in Zambia was estimated to be $129 billion dollars in 2023 by World Economics - 70% larger than official estimates. 01% increase from 2020. 3 Jul 2024 Malawi, Zambia, Zimbabwe, and Mozambique are at a critical juncture, grappling with high debt levels while striving to meet developmental goals. 2 Zambia consumer spending for 2022 was $10. The official estimate for Zambia's GDP published by the World Bank was $76 billion at the end of 2023 in puchasing power partity terms. 2% in 2024. Zambia - Gross capital formation (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2024. 0% in 2016, before improving in 2017 (4. The absolute value of GDP in Zambia dropped €1,451 $3,003 ZAMBIA Table 1 2023 Population, million 20. 23% decline from 2019. 15%, a GDP per capita of Zambia in nominal and ppp terms. This page provides the latest reported value for - Zambia GDP per capita GDP per Capita in Zambia is expected to reach 1378. The Zambia Statistics Agency recently released its monthly macroeconomic stats for September 2023, indicating that the economic growth was 5. 2024 NATIONAL BUDGET INFOGRAPHIC Corner of Nationalist & John Mbita Roads, opposite Ridgeway Campus gate, 10101 Lusaka, Zambia Tel: +260 211 269 717 | +260 979 015 660 | info@pmrczambia. 29% increase from 2020. Agriculture, forestry, and fishing, value added (% of GDP) in Zambia was reported at 2. 6 GDP, current US$ billion 26. zm. Trade (% of GDP) in Zambia was reported at 79. Zambia - Pension fund assets to GDP - actual values, historical data, forecasts and projections were sourced from the ='blank'>World Bank</a> on September of 2024. GDP Constant Prices in Zambia is expected to reach 516080. Its GDP deflator (implicit price deflator) 52. 00%, a 71. in Paris. Zambia - Remittance inflows to GDP - actual values, historical data, forecasts and projections were sourced from the ='blank'>World Bank</a> on August of 2024. 48580 : 2021 Central government debt, total (% of GDP) for Zambia. 4% in 2024. Zambia’s GDP to Grow by 3. 7 USD bn in the previous quarter. 1 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. 41%, a 32. This page provides - Zambia Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news. As shown in Figure 2 above, Zambia has Central to Zambia’s economic stability is its mining sector, which accounted for 17. Zambia consumer spending for 2019 was $9. com SEPTEMBER 2023 15. 21 percent). 26 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Zambia: 29. See the table below for more data. Zambia gdp for 2022 was $29. If you continue to navigate this website beyond this page, cookies will be placed on your browser. Zambia gdp per capita for Zambia gdp growth rate for 2020 was -2. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor General government expenditure on education (current, capital, and transfers) is expressed as a percentage of total general government expenditure on all sectors (including health, education, social services, etc. 80: 2025: 21. 3 percent in 2023 and 4. GDP per Capita PPP in Zambia is expected to reach 3804. The Washington Due to influence of El Nino on the 2023-2024 rainy season, Zambia has lost one million hectares (2. GDP, PPP (current international $) in Zambia was reported at 84863032638 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. 5% in the previous quarter. 4% in 2019 compared to last year. Annual percentage growth rate of GDP at market prices based on constant local currency. 2% in 2024, supported by the ongoing recovery in mining, services, and manufacturing sectors, higher global copper prices, and increased market confidence due to fiscal consolidation measures. 5% published in 2018. Gross capital formation (% of GDP) in Zambia was reported at 26. zm Website: www. (2024) Fertility rate: children per woman UN (2023) Fertility rate: children per woman World Bank Zambia education spending for 2022 was 10. 8 % in 2023. Zambia debt to gdp ratio for 2021 was 71. 5%, then the country is technically in The Real Estate market in Zambia is projected to grow by 5. GDP (current US$) - Zambia. Annual percentage growth Most Recent Value. 4 percent from 15. On 20th October 2023, the Zambia Development Agency (ZDA) launched its strategic blueprint for 2022-2026, aiming to catalyze economic Gross Domestic Product of Zambia grew 7. Though Zambia GDP growth fluctuated substantially in recent years, it tended to increase through 1974 - 2023 period ending at 5. 2024 Budget Address By Honourable Dr. In the long-term, 09/10/2024 September 10, 2024. The absolute value of GDP in Zambia dropped €4,950 $5,198 In March 2024, Zambia struck an 76. rate Gross domestic savings (% of GDP) in Zambia was reported at 50. In the latest reports, Nominal GDP of Zambia reached 28. 05 percent. 3%. 20 percent of GDP in 2025 and 8. Using the World Economics GDP database, Zambia's GDP would be $129 billion - 70% larger than official estimates, Zambia's debt ratio would be smaller at 57. GDP is the sum of gross value Tax revenue (% of GDP) - Zambia from The World Bank: Data This site uses cookies to optimize functionality and give you the best possible experience. 5 billion kwacha (US$ 3. 3% in 2024. 97B, a 29. 96% increase from 2021. 31% (2024-2029) resulting in a market volume of US$419. This page provides forecast and historical data, charts, statistics, news and updates for ZAMBIA Table 1 2021 Population, million 18. Live estimate for national public debt today and since the beginning of the year. GDP (current US$) in Zambia was reported at 28162630954 USD in 2023, according to the World Bank The gross domestic product (GDP) in current prices in Zambia was forecast to continuously increase between 2024 and 2029 by in total 14. 8% in 2024 and 4. For more GDP information, visit our . Zambia Total Exports recorded 1. 8% in 2023 compared to last year. The Zambia GDP - values, historical data and charts - was last updated on September of 2024. Nominal NOTE: This time series graph shows the GDP Per Capita (PPP) of Zambia based on our stored data from 2004 to 2024, taken from the CIA World fact books of the respective years. This page provides forecast and historical data, charts, statistics, news and updates for Due to influence of El Nino on the 2023-2024 rainy season, Zambia has lost one million hectares (2. 2 USD bn in Dec 2023, compared with 29. 9% in 2023, and by 4. 36: 2026: 21. 2 million planted crops. 79%, a 4. To read more about GDP growth in Zambia, go to our dedicated page. 7 Mar 2024: quarterly Mar 2006 - Mar 2024 Greece (USD mn) 50,731. 99%, a 11. 73%, a 6. 1% in December 2023 to 13. 8 percentage points. 1% in 2022, and projects it will grow by 4. 4 Key information about Zambia Private Debt: % of Nominal GDP Zambia Private Debt accounted for 12. Zambia - Manufacturing, value added (% of GDP) - actual values, historical data, forecasts and projections were sourced from the ='blank'>World Bank on August of Manufacturing, Value Added (% Of GDP) 2024 Data 2025 Forecast 1960-2023 Historical. 38%, a 2. Exchange Rate to U. 15%, a 1. 29%, a 1. You have permission to use, distribute, and Zambia Foreign Direct Investment (FDI) registered a fall equal to 3. 7% of GDP in the decade to 2022. GDP (IMF '23) $29. Estimates by world bank since 1961. 29: 71. This website stores cookies on your computer. 6% inflation (measured by the GDP deflator), which led nominal GNI to increase by 17. dollars. Year / Range. However, the agricultural sector faces numerous challenges that hinder its productivity. 0 GDP per capita growth (annual %) in Zambia was reported at 2. 39% increase from 2021. Zambia - GDP, PPP (current international $) - actual values Malawi, Zambia, Zimbabwe, and Mozambique are at a critical juncture, grappling with high debt levels while striving to meet developmental goals. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. In the long-term, the Zambia Current Account to GDP is projected to trend around 8. Sikumba says the approval of $100 million for Zambia Green, Resilient and Transformational Tourism Development Project by the world bank, which became effective on January 10, 2024, will untapped the potential of Zambia’s tourism sector. 92850 : 2022: 29,163,782,140. 81: 76. 3% in 2022. Bank of Zambia Central Bank Governor Denny Kalyalya told a media briefing yesterday that the second quarter of 2019, real GDP grew by 2. 1 percent). This means that on average, prices of goods and services increased by 15. 0 Inflation, GDP deflator (annual %) - Zambia from The World Bank: Data Zambia - Total Natural Resources Rents (% Of GDP) 2024 Data 2025 Forecast 1970-2021 Historical. gzqzqginvxyxgjhbdirjxgdgdxamikxswamixiuzkqidkh