Economy - overview:
Zambia has had one of the world’s fastest growing economies for the past ten years, with real GDP growth averaging roughly 6.7% per annum. 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. 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, spurring economic growth. Copper output increased steadily from 2004, due to higher copper prices and foreign investment, but weakened in 2014, and Zambia was overtaken by the Democratic Republic of Congo as Africa’s largest copper producer.Despite strong economic growth and its status as a lower middle-income country, widespread and extreme rural poverty and high unemployment levels remain significant problems, made worse by a high birth rate, a relatively high HIV/AIDS burden, and by market-distorting agricultural policies. Economic policy inconsistency and poor budget execution in recent years has hindered the economy and contributed to weakness in the kwacha, which was Africa’s worst performing currency during 2014. Zambia has raised $3 billion from international investors by issuing separate sovereign bonds in September 2012, April 2014, and July 2015, significantly increasing the country’s public debt as a share of GDP.Zambia’s economy in 2015 took hits from greatly depressed copper prices and a drought that has caused a significant cut in power generation.

GDP (purchasing power parity):
$64.65 billion (2015 est.) $61.99 billion (2014 est.) $58.69 billion (2013 est.)
note: data are in 2015 US dollars
country comparison to the world: 99
[see also: GDP country ranks ]

GDP (official exchange rate):
$24.47 billion (2015 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
4.3% (2015 est.) 5.6% (2014 est.) 6.7% (2013 est.)
country comparison to the world: 54
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$4,300 (2015 est.) $4,100 (2014 est.) $3,900 (2013 est.)
note: data are in 2015 US dollars
country comparison to the world: 176
[see also: GDP - per capita country ranks ]

Gross national saving:
29.5% of GDP (2015 est.) 29.7% of GDP (2014 est.) 33% of GDP (2013 est.)
country comparison to the world: 21
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 52.6%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 20.9%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 25.3%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 1.1%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 40.7%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -40.6% (2015 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 8.6%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 31.3%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 60% (2015 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]

Agriculture - products:
corn, sorghum, rice, peanuts, sunflower seeds, vegetables, flowers, tobacco, cotton, sugarcane, cassava (manioc, tapioca), coffee; cattle, goats, pigs, poultry, milk, eggs, hides

Industries:
copper mining and processing, emerald mining, construction, foodstuffs, beverages, chemicals, textiles, fertilizer, horticulture

Industrial production growth rate:
2.2% (2015 est.)
country comparison to the world: 110
[see also: Industrial production growth rate country ranks ]

Labor force:
6.906 million (2015 est.)
country comparison to the world: 66
[see also: Labor force country ranks ]

Labor force - by occupation:
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 ]

Unemployment rate:
15% (2008 est.) 50% (2000 est.)
country comparison to the world: 149
[see also: Unemployment rate country ranks ]

Population below poverty line:
60.5% (2010 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 1.5%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 47.4% (2010)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
57.5 (2010) 50.8 (2004)
country comparison to the world: 10
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $3.643 billion
[see also: Budget revenues country ranks ]
expenditures: $5.189 billion (2015 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
14.9% of GDP (2015 est.)
country comparison to the world: 194
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-6.3% of GDP (2015 est.)
country comparison to the world: 183
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
60.3% of GDP (2015 est.) 37.3% of GDP (2014 est.)
country comparison to the world: 61
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
7.5% (2015 est.) 7.8% (2014 est.)
country comparison to the world: 192
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
8.39% (31 December 2009) 14.49% (31 December 2008)
country comparison to the world: 35
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
12.5% (31 December 2015 est.) 11.57% (31 December 2014 est.)
country comparison to the world: 61
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$1.137 billion (31 December 2015 est.) $2.118 billion (31 December 2014 est.)
country comparison to the world: 148
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$5.682 billion (31 December 2014 est.) $5.437 billion (31 December 2013 est.)
country comparison to the world: 126
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$3.111 billion (31 December 2015 est.) $5.006 billion (31 December 2014 est.)
country comparison to the world: 129
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$3.004 billion (31 December 2012 est.) $4.009 billion (31 December 2011) $2.817 billion (31 December 2010 est.)
country comparison to the world: 94
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
-$341 million (2015 est.) -$360 million (2014 est.)
country comparison to the world: 88
[see also: Current account balance country ranks ]

Exports:
$6.316 billion (2015 est.) $10.22 billion (2014 est.)
country comparison to the world: 103
[see also: Exports country ranks ]

Exports - commodities:
copper/cobalt, cobalt, electricity; tobacco, flowers, cotton

Exports - partners:
Switzerland 23.4%, China 14.1%, Democratic Republic of the Congo 13.4%, South Africa 6.1%, UAE 4.9% (2014)

Imports:
$6.798 billion (2015 est.) $8.595 billion (2014 est.)
country comparison to the world: 113
[see also: Imports country ranks ]

Imports - commodities:
machinery, transportation equipment, petroleum products, electricity, fertilizer, foodstuffs, clothing

Imports - partners:
South Africa 31.3%, Democratic Republic of the Congo 18.7%, China 9.3%, Kenya 8.3%, Algeria 5.9%, India 4.4% (2014)

Reserves of foreign exchange and gold:
$2.716 billion (31 December 2015 est.) $3.078 billion (31 December 2014 est.)
country comparison to the world: 109
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$6.73 billion (31 December 2014 est.) $5.596 billion (31 December 2013 est.)
country comparison to the world: 120
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$NA
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Zambian kwacha (ZMK) per US dollar - 8.7 (2015 est.) 6.2 (2014 est.) 6.2 (2013 est.) 5.1 (2012 est.) 4,860.7 (2011 est.)