Economic Trivia

Zambia is one of the most urbanized countries in Sub-Saharan Africa.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2019): Switzerland, China, and South Africa
Top 3 Exported Goods (2019): Copper, Natural Minerals & Stone, and Precious Stones & Metals

Top Industries Source: CIA World Factbook

Copper Mining And Processing, Construction, Foodstuffs, Beverages

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $63,417,465,995 (2020)
GDP Growth Rate (annual %) -3.016% (2020)
GDP Per Capita, PPP (current international) $3,450 (2020)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 104/197 (2020)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 15.733% (2020)
External debt stocks, total (DOD, current US$) $27,341,427,161 (2019)
Total tax rate (% of commercial profits) 15.6% (2019)
Real Interest Rate (5 year average %) -9.989% (2020)
Manufacturing, value added (% of GDP) 7.247% (2020)
Current Account Balance (BoP, current US$) $2,038,924,397 (2020)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 7,636,530 (2020)
Employment in Agriculture (% of total employment) 48.499% (2020)
Employment in Industry (% of total employment) 10.783% (2020)
Employment in Services (% of total employment) 40.718% (2020)
Unemployment Rate 12.17% (2020)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $7,961,055,081 (2019)
Exports of goods and services (current US$) $8,073,235,066 (2019)
Total Merchandise Trade (% of GDP) 67.914% (2020)
FDI, net inflows (BoP, current US$) $547,967,910 (2019)
Commercial Service Exports (current US$) $538,969,128 (2020)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Zambia’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank