Economy of Zambia. Statistics, Data and Indicators
Zambia
| 34B | Credit rank #83 |
| N/A | Quality of life # |
| 116 | Corruption rank#102 |
| 85 | Ease of doing business#86 |
Zambia Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 29.78 USD Billion | 2022 |
| GDP Annual Growth Rate | 5 % | 2023 |
| GDP per capita | 1282 USD | 2022 |
| Inflation Rate YoY | 12 % | Sep/23 |
| Interest Rate | 10 % | Sep/23 |
| Unemployment Rate | 6.1 % | 2022 |
| Balance of Trade | 2307 ZMK Million | 2.307 B USD | Aug/23 |
| Current Account | -198 USD Million | -0.198 B USD | 2Q/23 |
| Government Debt | 13960 USD Million | 13.96 B USD | 2022 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 29.78 USD Billion | 2022 |
| GDP Annual Growth Rate | 5 % | 2023 |
| GDP per capita | 1282 USD | 2022 |
| GDP Constant Prices | 504477 ZMW Thousand | 0.504 B USD | 2022 |
| GDP per capita PPP | 3298 USD | 2022 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 56.2 % | 2022 |
| Government Debt | 13960 USD Million | 13.96 USD Billion | 2022 |
| Government Budget to GDP | -7.8 % | 2022 |
| Military Expenditure | 326 USD Million | 0.326 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 407 index points | Sep/23 |
| Food Inflation | 13.4 % | Sep/23 |
| Inflation Rate YoY | 12 % | Sep/23 |
| Inflation Rate Mom | 0.7 % | Sep/23 |
| CPI Housing Utilities | 407 Index Points | Sep/23 |
| CPI Transportation | 528 Index Points | Sep/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 3.9 % | 2022 |
| Balance of Trade | 2307 ZMK Million | 2.307 USD Billion | Aug/23 |
| Capital Flows | -30 USD Million | -0.03 B USD | 2Q/23 |
| Current Account | -198 USD Million | -0.198 USD Billion | 2Q/23 |
| Exports | 19065 ZMK Million | 19.065 USD Billion | Aug/23 |
| External Debt | 7925 USD Million | 7.925 B USD | 2022 |
| Imports | 16758 ZMK Million | 16.758 USD Billion | Aug/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Interest Rate | 10 % | Sep/23 |
| Money Supply M3 | 141258304 ZMK Million | 141258.297 B USD | Jul/23 |
| Deposit Interest Rate | 8.11 % | Jun/21 |
| Foreign Direct Investment | 83.4 USD Million | 0.083 B USD | 2Q/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 6.1 % | 2022 |
| Living Wage Family | 4090 ZMW/Month | 4090 USD/Month | 2017 |
| Living Wage Individual | 2230 ZMW/Month | 2230 USD/Month | 2017 |
| Wages High Skilled | 8810 ZMW/Month | 8810 USD/Month | 2017 |
| Wages Low Skilled | 1760 ZMW/Month | 1760 USD/Month | 2017 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 30 % | 2023 |
| Personal Income Tax Rate | 37.5 % | 2023 |
| Sales Tax Rate | 16 % | 2023 |
| Social Security Rate | 10 % | 2023 |
| Social Security Rate For Companies | 5 % | 2023 |
| Social Security Rate For Employees | 5 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Electricity Production | 3702 GWh | 4Q/17 |
| Industrial Production | % | 1Q/19 |
| Mining Production | -1.4 % | 3Q/17 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 33 index points | 2022 |
| Corruption Rank | 116 place | 2022 |
| Ease of Doing Business | 85 place | 2019 |
| Manufacturing Production | 0 % | 3Q/17 |
| Competitiveness Index | 46.51 Index Points | 2019 |
| Competitiveness Rank | 120 | 2019 |
| Composite PMI | 48.1 Index Points | Sep/23 |
