Economy of Zambia
Population: 17.35 M (2018)
GDP per Capita: 1,540 USD (2018)
26,720 M.

GDP USD

(2018)

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10,000 M.

EXPORTS USD

(2018)

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10,220 M.

IMPORTS USD

(2018)

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61.85 %

PUBLIC DEBT

(2017)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 3.79 % (2018)
GDP of 2010 USD USD 29.00 B. (2018)
GDP Current USD USD 26.72 B. (2018)
GDP per Capita Current USD USD 1,540 (2018)
GDP per capita, PPP USD 3,748 (2018)
GDP per Capita, 2010 USD USD 1,672 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 16.07 % (2016)
Government Spending USD 3.37 B. (2016)
Government Debt % GDP 61.85 % (2017)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 174.24 (2018)
Trade Openness 75.66 % (2018)
Exports of Goods and Services % GDP 37.42 % (2018)
Exports Goods & Services USD 10.00 B. (2018)
Exports Annual Growth 17.24 % (2010)
Imports as % GDP 38.24 % (2018)
Total Imports USD 10.22 B. (2018)
Foreign Direct Investment % GDP 1.53 % (2018)
Foreign Direct Investment USD 0.41 B. (2018)
Current Account Balance % GDP USD -1.28 % (2018)
Current Account Balance USD -0.34 B. (2018)
Trade Balance % GDP -0.81 % (2018)
Trade Balance USD -0.21 B. (2018)
Foreign Exchange Reserves incl Gold USD 1.57 B. (2018)
Remittances % GDP 0.40 % (2018)
Remittances USD 107 M. (2018)
Balance of Payments USD 25 M. (2018)

Labor Market

Indicator Value
Labor Force 7.46 M. (2019)
Unemployment Rate 7.14 % (2019)
Unemployment Rate Females 12.24 % (2019)
Unemployment Rate Males 10.66 % (2019)
Youth Unemployment (ages 15-24) 15.94 % (2019)
Labor Force Participation Rate 75.17 % (2019)
Labor Force (Percent Female) 48.32 % (2019)
Female Labor Force Participation Rate 70.79 % (2019)
Male Labor Force Participation Rate 79.73 % (2019)
Dependent People 88.81 % (2018)

Agriculture Sector

Indicator Value
Forest Area 65.20 % (2016)
Forest Area km² 484,684 km² (2016)
Agricultural Land 32.06 % (2016)
Agricultural Land km² 238,360 km² (2016)
Employment 53.62 % (2019)
Value added % GDP 2.58 % (2018)
Agriculture Value added USD 0.69 B. (2018)
Crop Production Index 171.40 (2016)
Precipitation 1,020 mm (2014)
Arable Land 5 % (2016)
Cereal Yield 2,478 kg/hectare (2017)
Food production index 180 (2016)
Rural Population 56 % (2018)
Fertilizer use of Arable Land 90 kg/hectare (2016)
Livestock Production Index 201 (2016)
Economy of Zambia

According to the World Bank and its latest published data, the economy of the Zambia presents a growth rate of 3.79 % (2018) to the previous year.

With a population that reaches 17.35 M (2018) and a gross domestic product of USD 26.72 B. (2018), it translates a Gross Domestic Product per Capita of USD 1,540 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).

Zambia also has a workforce of 7.46 M. (2019) with an unemployment rate of 7.14 % (2019), where women represent 12.24 % (2019) and men 10.66 % (2019), the unemployment rate for young people between 15-24 years old stood at 15.94 % (2019). The total number of dependent people stands at 88.81 % (2018).

The central government spent 16.07 % (2016) of its gross domestic product that year, which in absolute terms is USD 3.37 B. (2016). Its consolidated public debt reached 61.85 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Zambia exported USD 10.00 B. (2018), which represents 37.42 % (2018) of its gross domestic product, in that same sense its imports reached USD 10.22 B. (2018) with a direct foreign investment of USD 0.41 B. (2018).

Zambia has a forest area of 484,684 km² (2016), which represents 65.20 % (2016) of its total area, an average rainfall of 1,020 mm (2014) per year and a population of 56 % (2018) living in rural areas. With a total area of 238,360 km² (2016) available for agriculture and 53.62 % (2019) of its employments, the agricultural sector contributes to the economy of the Zambia about USD 0.69 B. (2018) (2.58 % (2018) of its GDP).