Zambia Economic Statistics and Indicators
02, Aug 2015, EDT. Welcome to the Zambia economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: Zambia › Change country
National or Regional Currency: Zambian Kwacha, ZMK
Year of data: 2014 › Change year
Number of Indicators Listed: 35
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 14,638,505 ; note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2014 est.)
Area: total: 752,618 sq km ; land: 743,398 sq km ; water: 9,220 sq km
Natural Resources: copper, cobalt, zinc, lead, coal, emeralds, gold, silver, uranium, hydropower
Capital: name: Lusaka ; geographic coordinates: 15 25 S, 28 17 E ; time difference: UTC+2 (7 hours ahead of Washington, DC, during Standard Time)
Zambia's economy has experienced strong growth in recent years, with real GDP growth in 2005-13 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. 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. Zambia has made some strides to improve the ease of doing business. Regulatory changes by the current government in 2012-2013 included Statutory Instruments (SI) Number 33 (mandating use of the kwacha for domestic transactions) and SI Number 55 (monitoring foreign exchange transactions). Along with problems of fiscal management and weakening global copper prices, these SI's were perceived as undermining confidence in Zambia's economy and currency, leading to sharp depreciation of the kwacha in March 2014. In response, the Minister of Finance revoked SI 33 and 55 in late March 2014. Despite a strong economy, poverty remains a significant problem in Zambia, made worse by a high birth rate, relatively high HIV/AIDS burden, and by market distorting agricultural policies.
More on the Zambia Economy
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GDP (Constant Prices, National Currency) for Zambia in year 2014 is ZMK 125.406 Billion.
GDP (Current Prices, National Currency) for Zambia in year 2014 is ZMK 166.474 Billion.
GDP (Current Prices, US Dollars) for Zambia in year 2014 is US$ 25.611 Billion.
GDP Deflator for Zambia in year 2014 is 132.748 (Index, Base Year as per country's accounts = 100).
GDP Per Capita (Current Prices, National Currency) for Zambia in year 2014 is ZMK 11,082.73 .
GDP Per Capita (Current Prices, US Dollars) for Zambia in year 2014 is US$ 1,705.04 .
GDP (PPP), US Dollars for Zambia in year 2014 is US$ 61.786 Billion.
GDP Per Capita (PPP), US Dollars for Zambia in year 2014 is US$ 4,113.33 .
Investment (% of GDP) for Zambia in year 2014 is 31.855 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Zambia in year 2014 is 141.764 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Zambia in year 2014 is 146.562 (Index, Base Year 2000 = 100).
Population for Zambia in year 2014 is 15.021 Million .
General government revenue (National Currency) for Zambia in year 2014 is ZMK 31.604 Billions.
General government total expenditure (National Currency) for Zambia in year 2014 is ZMK 40.222 Billions.
Total Government Net Lending/ Borrowing (National Currency) for Zambia in year 2014 is ZMK -8.617 Billions.
Fiscal Year Gross Domestic Product, Current Prices for Zambia in year 2014 is ZMK 166.474 Billions.
Current Account Balance (US Dollars) for Zambia in year 2014 is US$ 0.485 Billion.
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Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International