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COUNTRY OUTLOOK / ZM

Zambia

Unverified rate framework · ISO:ZM

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Missing or stale rateTarget · 31 Oct 2026Issued · 15 Sep 2026, 02:54 UTCRESEARCH ONLY
CapitalLusaka
RegionSub-Saharan Africa
Income groupLower middle income
CurrencyZambian kwacha
GDP$28.88B2025 · current US$
Real GDP growth3.76%2025 · annual %
Population21.91M2025 · people
GDP per capita$1,317.882025 · current US$

Latest available annual observations; years differ by indicator. Monetary values use the stated current-price basis and are not forecasts. World Bank data fetched 2026-09-15.

Economic structure

2025 · share of GDP

Broad sectors use the latest common year. Manufacturing is included in industry. Shares can total less than 100% because of taxes and accounting adjustments.

Zambia's largest reported broad sector is services in 2025.

Monetary & research context

Policy authorityISO:ZM
Policy frameworkunverified rate framework
Native targetpolicy benchmark rate
Decision evidence0
Calendar evidence0
Communication records0

Evidence counts include research inputs; they do not establish live coverage or independent observations. A country's economic composition is descriptive and does not establish what caused a model forecast.

Country events & results ↗

Explore annual trends

Real GDP growth

3.76% · 2025 · annual %

Real GDP growth · annual %-2.79%1.72%6.23%2014: 4.69328316376705 annual %2015: 2.92037511217961 annual %2016: 3.75510031678988 annual %2017: 3.52586277149926 annual %2018: 4.03449389667165 annual %2019: 1.44130602603785 annual %2020: -2.78505506545167 annual %2021: 6.23492204726448 annual %2022: 5.21122360356247 annual %2023: 5.36794285493059 annual %2024: 3.82004825518591 annual %2025: 3.75772836763902 annual %20142025
View annual observations
YearValue (annual %)
20253.758
20243.820
20235.368
20225.211
20216.235
2020-2.785
20191.441
20184.034
20173.526
20163.755
20152.920
20144.693
World Bank source & definition ↗

Economy

GDP$28.88B2025 · current US$Source & definition ↗
Real GDP growth3.76%2025 · annual %Source & definition ↗
GDP per capita$1,317.882025 · current US$Source & definition ↗
GDP at purchasing power parityInt$ 95.97B2025 · current international $Source & definition ↗

People

Population21.91M2025 · peopleSource & definition ↗
Population growth2.77%2025 · annual %Source & definition ↗
Urban population45.92%2025 · % of populationSource & definition ↗
Life expectancy66.532024 · yearsSource & definition ↗
Unemployment · ILO estimate5.92%2025 · % of labor forceSource & definition ↗
Labor force participation · ages 15+61.93%2025 · % of population ages 15+Source & definition ↗

Sectors

Agriculture, forestry & fishing4.11%2025 · % of GDPSource & definition ↗
Industry including construction35.33%2025 · % of GDPSource & definition ↗
Services57.03%2025 · % of GDPSource & definition ↗
Manufacturing8.75%2025 · % of GDPSource & definition ↗

Trade & investment

Exports of goods & services34.98%2024 · % of GDPSource & definition ↗
Imports of goods & services27.55%2024 · % of GDPSource & definition ↗
Current account balance-4.41%2024 · % of GDPSource & definition ↗
Foreign direct investment · net inflows9.32%2024 · % of GDPSource & definition ↗

Money & public finance

Consumer inflation13.91%2025 · annual %Source & definition ↗
Central government debt71.41%2021 · % of GDPSource & definition ↗
Tax revenue18.83%2024 · % of GDPSource & definition ↗
Government cash surplus / deficitNot available% of GDP
Domestic credit to private sector17.01%2024 · % of GDPSource & definition ↗
Total reserves including gold$4.09B2024 · current US$Source & definition ↗

Infrastructure

Internet use17.10%2024 · % of populationSource & definition ↗
Access to electricity53.60%2024 · % of populationSource & definition ↗

Geography

Surface area752,6102023 · square kmSource & definition ↗

Government debt covers central government, which can differ substantially from general-government debt. Indicator definitions, estimation methods and coverage differ. Latest available does not mean current-year: older observations remain explicitly dated. Source: World Bank WDI and its underlying contributors.

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Every forecast has a boundary.This is a dated research snapshot, not an automatically updating market feed. Source gaps, model limitations, and adverse results are retained.

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