Economy - overview:
Zambia's economy has experienced strong growth in recent years, with real GDP growth in 2005-11 more than 6% per year. Privatization of government-owned copper mines in the 1990s relieved the government from covering mammoth losses generated by the industry and greatly increased copper mining output and profitability to spur economic growth. Copper output has increased steadily since 2004, due to higher copper prices and foreign investment. In 2005, Zambia qualified for debt relief under the Highly Indebted Poor Country Initiative, consisting of approximately USD 6 billion in debt relief. Poverty remains a significant problem in Zambia, despite a stronger economy. Zambia's dependency on copper makes it vulnerable to depressed commodity prices, but record high copper prices and a bumper maize crop in 2010 helped Zambia rebound quickly from the world economic slowdown that began in 2008. A high birth rate, relatively high HIV/AIDS burden, and market distorting agricultural policies have meant that Zambia's economic growth has not dramatically decreased the stubbornly high poverty rates.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
NOTE: 1) The information regarding Zambia on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Zambia Economy 2012 information contained here. All suggestions for corrections of any errors about Zambia Economy 2012 should be addressed to the CIA.
$21.93 billion (2011 est.)
country comparison to the world: 122
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$18.4 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
6.7% (2011 est.)
country comparison to the world: 27
[see also: GDP - real growth rate country ranks ]
$1,600 (2011 est.)
country comparison to the world: 195
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 21.5%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 35.2%
[see also: GDP - composition by sector - industry country ranks ]
services: 43.4% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
5.57 million (2011 est.)
country comparison to the world: 68
[see also: Labor force country ranks ]
agriculture: 85%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 6%
[see also: Labor force - by occupation - industry country ranks ]
services: 9% (2004)
[see also: Labor force - by occupation - services country ranks ]
14% (2006 est.)
country comparison to the world: 142
[see also: Unemployment rate country ranks ]
64% (2006)
[see also: Population below poverty line country ranks ]
lowest 10%: 1.2%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 38.8% (2004)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
50.8 (2004)
country comparison to the world: 21
[see also: Distribution of family income - Gini index country ranks ]
21.9% of GDP (2011 est.)
country comparison to the world: 92
[see also: Investment (gross fixed) country ranks ]
revenues: $3.613 billion
[see also: Budget revenues country ranks ]
expenditures: $4.382 billion (2011 est.)
[see also: Budget expenditures country ranks ]
19.6% of GDP (2011 est.)
country comparison to the world: 159
[see also: Taxes and other revenues country ranks ]
-4.2% of GDP (2011 est.)
country comparison to the world: 132
[see also: Budget surplus (+) or deficit (-) country ranks ]
27.3% of GDP (2011 est.)
country comparison to the world: 101
[see also: Public debt country ranks ]
8.4% (2011 est.)
country comparison to the world: 177
[see also: Inflation rate (consumer prices) country ranks ]
8.39% (31 December 2009)
country comparison to the world: 17
[see also: Central bank discount rate country ranks ]
19% (31 December 2011 est.)
country comparison to the world: 18
[see also: Commercial bank prime lending rate country ranks ]
$1.57 billion (31 December 2011 est.)
country comparison to the world: 131
[see also: Stock of narrow money country ranks ]
$4.188 billion (31 December 2011 est.)
country comparison to the world: 131
[see also: Stock of broad money country ranks ]
$3.691 billion (31 December 2011 est.)
country comparison to the world: 120
[see also: Stock of domestic credit country ranks ]
$2.817 billion (31 December 2010)
country comparison to the world: 94
[see also: Market value of publicly traded shares country ranks ]
corn, sorghum, rice, peanuts, sunflower seed, vegetables, flowers, tobacco, cotton, sugarcane, cassava (tapioca), coffee; cattle, goats, pigs, poultry, milk, eggs, hides
copper mining and processing, construction, foodstuffs, beverages, chemicals, textiles, fertilizer, horticulture
9.1% (2011 est.)
country comparison to the world: 12
[see also: Industrial production growth rate country ranks ]
9.597 billion kWh (2008 est.)
country comparison to the world: 92
[see also: Electricity - production country ranks ]
7.614 billion kWh (2008 est.)
country comparison to the world: 94
[see also: Electricity - consumption country ranks ]
96 million kWh (2008)
[see also: Electricity - exports country ranks ]
279 million kWh (2008 est.)
[see also: Electricity - imports country ranks ]
190.3 bbl/day (2010 est.)
country comparison to the world: 116
[see also: Oil - production country ranks ]
16,000 bbl/day (2010 est.)
country comparison to the world: 138
[see also: Oil - consumption country ranks ]
360 bbl/day (2009 est.)
country comparison to the world: 127
[see also: Oil - exports country ranks ]
17,570 bbl/day (2009 est.)
country comparison to the world: 120
[see also: Oil - imports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 146
[see also: Natural gas - production country ranks ]
0 cu m (2009 est.)
country comparison to the world: 146
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 209
[see also: Natural gas - exports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 80
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2011 est.)
country comparison to the world: 208
[see also: Natural gas - proved reserves country ranks ]
-$42.7 million (2011 est.)
country comparison to the world: 68
[see also: Current account balance country ranks ]
$9.008 billion (2011 est.)
country comparison to the world: 99
[see also: Exports country ranks ]
copper/cobalt 64%, cobalt, electricity; tobacco, flowers, cotton
Switzerland 51.3%, China 20.3%, South Africa 9.2%, Democratic Republic of the Congo 4.6% (2010)
$6.453 billion (2011 est.)
country comparison to the world: 109
[see also: Imports country ranks ]
machinery, transportation equipment, petroleum products, electricity, fertilizer, foodstuffs, clothing
South Africa 35%, Democratic Republic of the Congo 23.5%, Kuwait 8.9%, China 5.6% (2010)
$2.953 billion (31 December 2011 est.)
country comparison to the world: 106
[see also: Reserves of foreign exchange and gold country ranks ]
$4.137 billion (31 December 2011 est.)
country comparison to the world: 122
[see also: Debt - external country ranks ]
$NA
[see also: Stock of direct foreign investment - at home country ranks ]
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]
Zambian kwacha (ZMK) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12