Since 2004, copper output has steadily improved because of higher metal prices as well as foreign investment. The year 2005 witnessed Zambia qualify for a US$6 billion debt relief under the Highly Indebted Poor Country Initiative. Poverty continues to be one of the significant problems of the country, despite a relatively stronger economy. The worldwide decline in commodity prices and demand led to a sharp drop in GDP growth. However, a rebound in the prices of copper and maize aided Zambia to recover. High dependence on copper production and agricultural output makes the Zambian economy vulnerable to regular fluctuations. The lack of economic diversity serves to intensify this factor.
The 2009 GDP figures of Zambia stood at $18.55 billion, which marks an improvement from the 2008 level of $17.75 billion and the 2007 GDP of $16.74 billion.
The per capita GDP of the last three years were:
$1,500 in 2009
$1,500 in 2008
$1,500 in 2007