Zambia


Zambia Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Zambia; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank Bank of Zambia
International Reserves US$ 2.324 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 20.288 billion (2011 estimate)
GDP (Purchasing Power Parity) 23.869 billion of International dollars (2011 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
4.9% 3.3% 5.1% 5.4% 5.3% 6.2% 6.2% 5.7%
2009 2010 2011 2012*
6.4% 7.6% 6.6% 7.7%

*Estimate

GDP per capita - current prices US$ 1,457 (2010 estimate)
GDP per capita - PPP $1,715 International Dollars (2010 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.04% 0.03% 0.02% 0.03% 0.03%

**Forecast

GDP - composition by sector
  • agriculture: 21.5% 
  • industry: 35.2% 
  • services: 43.4% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
13.4%(2008) 8.5% 8.7% 5.6%

*Estimate

Unemployment rate
2009 2010 2011 2012*
N/A N/A N/A(2009) N/A

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
23.5% 26.9% 25.8% 26.1% 26.6%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-0.9% -2.5% -3.1% -3.4% -3.1%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: B+

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$2.804 billion US$2.817 billion US$4.009 billion
Largest companies in Zambia N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ 254 million (2011 estimate)(After 2008)
Current account balance by percentage of GDP 1.3% of GDP (2011 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

44.1% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0.05%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.01% (2011)(2007)

(Data were released in 2012)

Total exports US$8.346 billion (2012 estimate) 
Export commodities copper/cobalt 64%, cobalt, electricity; tobacco, flowers, cotton
Total imports US$7.279 billion (2012 estimate) 
Import commodities machinery, transportation equipment, petroleum products, electricity, fertilizer, foodstuffs, clothing
Exports - major partners China 34.8%, Switzerland 18.3%, South Africa 11.7%, Democratic Republic of the Congo 5.4%, South Korea 4.4% (2011)
Imports - major partners South Africa 33.4%, Democratic Republic of the Congo 21.9%, China 10.6%, Kuwait 6.3% (2011)
FDI inflows
2009 2010 2011
US$695 million US$1,729 million(2009) US$1,982 million(2009)
FDI outflows
2009 2010 2011
US$270 million US$1,095 million US$1,150 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
N/A US$16 million(2009) US$2 million(2009) N/A
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 94 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 74 out of 185 countries(2009)

Enforcing Contracts: 89 out of 185 countries

Registering Property: 96 out of 185 countries

Getting credit: 12 out of 185 countries

Protecting investors: 82 out of 185 countries

Trading across border: 156 out of 185 countries

Paying Taxes: 47 out of 185 countries

Dealing with Construction Permits: 151 out of 185 countries

Getting Electricity: 151 out of 185 countries

Resolving Insolvency: 99 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
102

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 96 Score: 58.3 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+2
Total area 752,618 km2 (2006)
Capital Lusaka (2009)
Currency Zambian kwacha (ZMK) (2009)
Government type republic (2009)
Languages English (official), major vernaculars - Bemba, Kaonda, Lozi, Lunda, Luvale, Nyanja, Tonga, and about 70 other indigenous languages
Religions Christian 50%-75%, Muslim and Hindu 24%-49%, indigenous beliefs 1%
Total population
1980 1990 2000 2012* 2017**
5.62 million 7.63 million 10.09 million 13.92 million 15.74 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
18.1% 39.8% 34.8% 39.2%
Population median age 17 years (2010)
Population growth rate 4.2% (2011)
Life expectancy 49 years (2010)
Adult literacy 71% (2005/2010)
% of population living on less than $2 a day 81.50% (2011)
Inequality of wealth distribution (Gini index)

54.63 (2006)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:3
Civil Liberties:4 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

61.23% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 11.5% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Lusaka: 111th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

0.1559 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2012)
  • COUNTRY WINNERS / Best Consumer Internet Banks Standard Chartered (National, 2012)
2011:
  • COUNTRY WINNERS / Best Consumer Internet Banks Standard Chartered (National, 2011)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2011)
2010:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2010)
2009:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2009)

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS Standard Chartered Bank Zambia (National, 2012)
2011:
  • COUNTRY WINNERS Standard Chartered Bank Zambia (National, 2011)
2010:
  • COUNTRY WINNERS Standard Chartered Bank Zambia (National, 2010)
2009:
  • COUNTRY WINNERS Standard Chartered Bank Zambia (National, 2009)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2013:
  • COUNTRY WINNERS Stanbic Zambia (National, 2013)
2012:
  • COUNTRY WINNERS Standard Chartered (National, 2012)
2011:
  • COUNTRY WINNERS Standard Chartered (National, 2011)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE