Zambia Consolidated Fiscal Balance
2015 - 2025 | Monthly | USD mn | CEIC Data
Key information about Zambia Consolidated Fiscal Balance
- Zambia Consolidated Fiscal Balance recorded a deficit equal to 1.236 USD bn in Dec 2025, compared with a deficit equal to 1.334 USD bn in the previous month.
- Zambia Consolidated Fiscal Balance data is updated monthly, available from Nov 2015 to Dec 2025, with an average ratio of -31.719 USD mn.
- The data reached an all-time high of 187.191 USD mn in Apr 2025 and a record low of -2.176 USD bn in Dec 2021.
CEIC calculates monthly Consolidated Fiscal Balance from monthly Consolidated Fiscal Balance and converts it into USD. The Ministry of Finance and National Planning provides year-to-date Consolidated Fiscal Balance in local currency. Bank of Zambia average market exchange rate is used for currency conversions.
View Zambia's Consolidated Fiscal Balance from Nov 2015 to Dec 2025 in the chart:
What was Zambia's Consolidated Fiscal Balance in Dec 2025?
Zambia Consolidated Fiscal Balance recorded a deficit equal to 1.236 USD bn in Dec 2025, compared with a deficit equal to 1.334 USD bn in the previous month. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -1,236.326 Dec 2025 | -1,334.380 Nov 2025 | -2,176.307 Dec 2021 | 187.191 Apr 2025 | USD mn | monthly | Nov 2015 - Dec 2025 |
Consolidated Fiscal Balance by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (USD mn) | 364.843 Feb 2026 | monthly | Dec 1997 - Feb 2026 |
| Algeria (USD mn) | -5,868.518 2022 | yearly | 1997 - 2022 |
| Argentina (USD mn) | 102.669 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| Armenia (USD mn) | -403.337 Dec 2025 | monthly | Jan 2008 - Dec 2025 |
| Australia (USD mn) | -10,334.848 Dec 2025 | quarterly | Sep 2002 - Dec 2025 |
| Austria (USD mn) | -4,578.917 Sep 2025 | quarterly | Mar 2001 - Sep 2025 |
| Azerbaijan (USD mn) | 310.353 Dec 2025 | monthly | Dec 2004 - Dec 2025 |
| Bahrain (USD mn) | -2,784.441 2024 | yearly | 1990 - 2024 |
| Bangladesh (USD mn) | 154.969 Jul 2025 | monthly | Jul 2008 - Jul 2025 |
| Belarus (USD mn) | 404.854 Sep 2021 | quarterly | Dec 2005 - Sep 2021 |
| Belgium (USD mn) | -30,012.565 2024 | yearly | 1970 - 2024 |
| Bolivia (USD mn) | -5,230.120 2024 | yearly | 1990 - 2024 |
| Bosnia and Herzegovina (%) | 1.770 Sep 2025 | quarterly | Dec 2008 - Sep 2025 |
| Botswana (USD mn) | -331.433 Nov 2025 | monthly | Apr 2007 - Nov 2025 |
| Brazil (USD mn) | 1,864.099 Jan 2026 | monthly | Jan 1997 - Jan 2026 |
| Brunei (USD mn) | -2,030.104 2024 | yearly | 2003 - 2024 |
| Bulgaria (%) | -3.009 Dec 2025 | quarterly | Sep 2003 - Dec 2025 |
| Cambodia (USD mn) | -52.271 Jul 2024 | monthly | Jan 2007 - Jul 2024 |
| Canada (USD mn) | 177.601 Dec 2025 | monthly | May 1992 - Dec 2025 |
| Chile (USD mn) | -9,295.767 2024 | yearly | 1990 - 2024 |
| China (USD mn) | -331,213.085 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Colombia (USD mn) | -3,989.807 Jun 2025 | quarterly | Mar 1995 - Jun 2025 |
| Croatia (USD mn) | -963.223 Dec 2019 | quarterly | Mar 2015 - Dec 2019 |
| Cyprus (USD mn) | 632.767 Jan 2026 | monthly | Jan 2014 - Jan 2026 |
| Czech Republic (USD mn) | -1,212.622 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Denmark (USD mn) | 4,561.068 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Ecuador (USD mn) | -3,224.953 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| Egypt (USD mn) | -18,641.912 Jan 2026 | monthly | Jan 2005 - Jan 2026 |
| Estonia (USD mn) | 5.960 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| European Union (USD mn) | -612,084.939 2024 | yearly | 1999 - 2024 |
| Finland (USD mn) | -3,737.484 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| France (USD mn) | -48,864.241 Sep 2025 | quarterly | Mar 1957 - Sep 2025 |
| Georgia (USD mn) | 30.346 Jan 2026 | monthly | Jan 2006 - Jan 2026 |
| Germany (USD mn) | -59,276.118 Dec 2025 | quarterly | Mar 1991 - Dec 2025 |
| Ghana (USD mn) | 532.461 Dec 2025 | monthly | Jan 2008 - Dec 2025 |
| Greece (USD mn) | 4,558.528 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Hong Kong SAR, China (USD mn) | 5,652.229 Jan 2026 | monthly | Oct 1998 - Jan 2026 |
| Hungary (USD mn) | -2,681.849 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Iceland (USD mn) | -422.522 Dec 2025 | quarterly | Mar 2002 - Dec 2025 |
| India (USD mn) | -13,420.225 Dec 2025 | monthly | Apr 1997 - Dec 2025 |
| Indonesia (USD mn) | -4,820.017 Feb 2026 | monthly | Jan 2014 - Feb 2026 |
| Iran (USD mn) | -13,054.476 Mar 2021 | quarterly | Jun 2005 - Mar 2021 |
| Ireland (USD mn) | 260.587 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Israel (USD mn) | -721.641 Feb 2026 | monthly | Jan 1999 - Feb 2026 |
| Italy (USD mn) | -22,272.633 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Ivory Coast (USD mn) | -3,452.972 2024 | yearly | 1960 - 2024 |
| Japan (USD mn) | -286,722.348 2024 | yearly | 1995 - 2024 |
| Jordan (USD mn) | -1,288.434 2025 | yearly | 1999 - 2025 |
| Kazakhstan (USD mn) | 534.827 Feb 2026 | monthly | Nov 2007 - Feb 2026 |
| Kenya (%) | -6.600 Sep 2025 | quarterly | Dec 2009 - Sep 2025 |
| South Korea (USD mn) | 492.507 Nov 2025 | monthly | Jul 1999 - Nov 2025 |
| Kosovo (USD mn) | 49.040 Oct 2023 | monthly | Jan 2006 - Oct 2023 |
| Kuwait (USD mn) | -3,440.015 2024 | yearly | 1988 - 2024 |
| Kyrgyzstan (USD mn) | 275.694 Jan 2026 | monthly | Jan 2007 - Jan 2026 |
| Laos (USD mn) | 375.970 2024 | yearly | 2010 - 2024 |
| Latvia (USD mn) | -315.952 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Lebanon (USD mn) | 405.307 Dec 2021 | monthly | Jan 1998 - Dec 2021 |
| Lithuania (USD mn) | -135.319 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Luxembourg (%) | 0.888 2024 | yearly | 1995 - 2024 |
| Macau SAR, China (%) | 7.879 Jun 2025 | quarterly | Dec 2003 - Jun 2025 |
| North Macedonia (USD mn) | -764.028 2024 | yearly | 2009 - 2024 |
| Malawi (USD mn) | -43.664 Nov 2025 | monthly | Oct 2005 - Nov 2025 |
| Malaysia (USD mn) | -27,060.208 2024 | yearly | 1970 - 2024 |
| Malta (USD mn) | 96.549 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Mauritius (%) | -8.795 Sep 2025 | quarterly | Dec 2010 - Sep 2025 |
| Mexico (USD mn) | -1,094.839 Jan 2026 | monthly | Jan 1977 - Jan 2026 |
| Moldova (USD mn) | -709.547 2024 | yearly | 1998 - 2024 |
| Mongolia (USD mn) | -82.716 Feb 2026 | monthly | Jan 2000 - Feb 2026 |
| Montenegro (USD mn) | -36.484 Jan 2026 | monthly | Jan 2012 - Jan 2026 |
| Morocco (USD mn) | -6,705.833 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Mozambique (USD mn) | 388.757 Dec 2016 | quarterly | Mar 2002 - Dec 2016 |
| Myanmar (USD mn) | -1,713.224 2022 | yearly | 1980 - 2022 |
| Nepal (USD mn) | -117.285 Dec 2025 | quarterly | Mar 2017 - Dec 2025 |
| Netherlands (USD mn) | -6,772.937 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| New Zealand (USD mn) | -770.083 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| Nigeria (USD mn) | -1,902.660 Dec 2024 | quarterly | Mar 2005 - Dec 2024 |
| Norway (USD mn) | 2,883.255 Dec 2025 | quarterly | Mar 2002 - Dec 2025 |
| Oman (USD mn) | -41.612 Nov 2025 | monthly | Jun 2003 - Nov 2025 |
| Pakistan (USD mn) | -22,771.776 2024 | yearly | 1991 - 2024 |
| Palestinian Territory (USD mn) | 192.600 2024 | yearly | 2010 - 2024 |
| Panama (USD mn) | -3,320.820 2025 | yearly | 2003 - 2025 |
| Paraguay (USD mn) | -42.600 Jan 2026 | monthly | Jan 2003 - Jan 2026 |
| Peru (USD mn) | -4,595.925 Dec 2025 | quarterly | Mar 1990 - Dec 2025 |
| Philippines (USD mn) | -5,321.655 Dec 2025 | monthly | Jan 1985 - Dec 2025 |
| Poland (USD mn) | -59,417.037 2024 | yearly | 1995 - 2024 |
| Portugal (USD mn) | 3,449.979 Sep 2025 | quarterly | Mar 1995 - Sep 2025 |
| Qatar (USD mn) | -1,455.220 Dec 2025 | quarterly | Mar 2011 - Dec 2025 |
| Romania (%) | -7.644 Dec 2025 | quarterly | Dec 2004 - Dec 2025 |
| Russia (USD mn) | -8,787.465 Jan 2026 | monthly | Jan 1993 - Jan 2026 |
| Saudi Arabia (USD mn) | -73,761.406 2025 | yearly | 1969 - 2025 |
| Serbia (USD mn) | -416.922 Jan 2026 | monthly | Jan 2005 - Jan 2026 |
| Singapore (USD mn) | 2,115.427 Jan 2026 | monthly | Apr 2011 - Jan 2026 |
| Slovakia (USD mn) | -1,292.600 Feb 2026 | monthly | Jan 2005 - Feb 2026 |
| Slovenia (USD mn) | -850.675 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| South Africa (USD mn) | -4,285.548 Jan 2026 | monthly | Jan 1990 - Jan 2026 |
| Spain (USD mn) | 18,617.397 Sep 2025 | quarterly | Mar 1995 - Sep 2025 |
| Sri Lanka (%) | -4.729 Sep 2025 | quarterly | Dec 2014 - Sep 2025 |
| Sudan (USD mn) | -196.813 2021 | yearly | 2001 - 2021 |
| Sweden (USD mn) | -9,465.294 2024 | yearly | 1995 - 2024 |
| Switzerland (USD mn) | 5,488.721 2025 | yearly | 1990 - 2025 |
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Learn more about what we doZambia Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -8.5 2021 | yearly | 2000 - 2021 |
| Consolidated Fiscal Balance (USD mn) | -1,236.326 Dec 2025 | monthly | Nov 2015 - Dec 2025 |
| Tax Revenue (USD mn) | 6,284.414 Dec 2025 | monthly | Nov 2015 - Dec 2025 |
| Government Debt: % of GDP (%) | 40.9 2023 | yearly | 2014 - 2023 |
| Forecast: Government Expenditure (ZMK bn) | 365.988 2030 | yearly | 2000 - 2030 |
| Forecast: Government Net Debt (ZMK bn) | 791.787 2024 | yearly | 2000 - 2024 |
| Forecast: Government Revenue (ZMK bn) | 349.147 2030 | yearly | 2000 - 2030 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 4.533 2028 | yearly | 2000 - 2028 |
| Trade Balance (USD mn) | 234.5 Jan 2026 | monthly | Jan 2003 - Jan 2026 |
| Total Exports (USD mn) | 1,373.9 Jan 2026 | monthly | Jan 2003 - Jan 2026 |
| Total Exports Growth (%) | 6.3 Jan 2026 | monthly | Jan 2004 - Jan 2026 |
| Aluminum: Exports (USD th) | 2,102.805 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 990.841 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 2,147.460 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 1,234.6 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Total Imports Growth (%) | -12.8 Jan 2026 | monthly | Jan 2004 - Jan 2026 |
| Imports: Medicament (USD th) | 231,680.704 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 129,125.506 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 7.236 Jul 2025 | monthly | Jan 1981 - Jul 2025 |
| Total Imports from USA (USD mn) | 33.738 Nov 2025 | monthly | Jan 1981 - Nov 2025 |
| Total Exports to China (USD mn) | 155.335 Jan 2026 | monthly | Nov 1998 - Jan 2026 |
| Total Imports from China (USD mn) | 240.997 Jan 2026 | monthly | Jul 1992 - Jan 2026 |
| Export Volume Index (2015=100) | 107.241 2021 | yearly | 1980 - 2021 |
| Export Value Index (2015=100) | 168.638 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 89.425 2021 | yearly | 1980 - 2021 |
| Import Volume Index (2015=100) | 69.648 2021 | yearly | 1980 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | -80.3 Sep 2025 | quarterly | Mar 1998 - Sep 2025 |
| Current Account Balance (USD mn) | -25.1 Sep 2025 | quarterly | Mar 1998 - Sep 2025 |
| Current Account Balance: % of GDP (%) | -0.0 2024 | yearly | 2010 - 2024 |
| Foreign Direct Investment (USD mn) | 176.3 Sep 2025 | quarterly | Mar 1998 - Sep 2025 |
| Foreign Direct Investment: % of GDP (%) | 1.2 2023 | yearly | 2010 - 2023 |
| Foreign Portfolio Investment (USD mn) | -40.920 Sep 2025 | quarterly | Mar 1998 - Sep 2025 |
| Foreign Portfolio Investment: % of GDP (%) | -0.1 2024 | yearly | 2010 - 2024 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | -15.0 Sep 2025 | quarterly | Mar 1998 - Sep 2025 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | -25.911 Sep 2025 | quarterly | Mar 1998 - Sep 2025 |
| External Debt (USD mn) | 23,436.4 Sep 2025 | quarterly | Mar 2011 - Sep 2025 |
| External Debt: % of GDP (%) | 89.1 2024 | yearly | 2011 - 2024 |
| Forecast: Current Account Balance (USD bn) | 1.662 2030 | yearly | 1980 - 2030 |
| Net International Investment Position (USD mn) | -29,230.347 2024 | yearly | 2006 - 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 3.5 Sep 2025 | monthly | Jan 2011 - Sep 2025 |
| Non-Performing Loans (USD mn) | 148.499 Sep 2025 | monthly | Jan 2011 - Sep 2025 |
| Money Supply M1 (USD mn) | 3,648.332 Dec 2025 | monthly | Jan 1997 - Dec 2025 |
| Money Supply M2 (USD mn) | 9,159.268 Dec 2025 | monthly | Jan 1997 - Dec 2025 |
| M2 Growth (%) | 13.4 Dec 2025 | monthly | Jan 1998 - Dec 2025 |
| Reserve Requirement Ratio (%) | 26.0 Jan 2026 | monthly | Jan 2004 - Jan 2026 |
| Foreign Exchange Reserves (USD mn) | 5,303.0 Nov 2025 | monthly | Jan 2010 - Nov 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.4 Nov 2025 | monthly | Jan 2010 - Nov 2025 |
| Total Deposits (USD mn) | 9,283.172 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| Total Deposits Growth (%) | 9.5 Sep 2025 | monthly | Jan 2002 - Sep 2025 |
| Domestic Credit (USD mn) | 7,790.3 Dec 2025 | monthly | Dec 2001 - Dec 2025 |
| Domestic Credit Growth (%) | 13.4 Dec 2025 | monthly | Dec 2002 - Dec 2025 |
| Total Loans (USD mn) | 4,247.569 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| Total Loans Growth (%) | 28.11 Sep 2025 | monthly | Jan 2002 - Sep 2025 |
| Private Debt: % of Nominal GDP (%) | 12.97 2024 | yearly | 1965 - 2024 |
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