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 1.283 USD bn in Oct 2025, compared with a deficit equal to 864.009 USD mn in the previous month.
- Zambia Consolidated Fiscal Balance data is updated monthly, available from Nov 2015 to Oct 2025, with an average ratio of -184.328 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 Oct 2025 in the chart:
What was Zambia's Consolidated Fiscal Balance in Oct 2025?
Zambia Consolidated Fiscal Balance recorded a deficit equal to 1.283 USD bn in Oct 2025, compared with a deficit equal to 864.009 USD mn in the previous month. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -1,282.760 Oct 2025 | -864.009 Sep 2025 | -2,176.307 Dec 2021 | 187.191 Apr 2025 | USD mn | monthly | Nov 2015 - Oct 2025 |
Consolidated Fiscal Balance by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (USD mn) | 591.214 Oct 2025 | monthly | Dec 1997 - Oct 2025 |
| Algeria (USD mn) | -5,868.518 2022 | yearly | 1997 - 2022 |
| Argentina (USD mn) | 419.674 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Armenia (USD mn) | -93.374 Nov 2025 | monthly | Jan 2008 - Nov 2025 |
| Australia (USD mn) | -11,179.706 Jun 2025 | quarterly | Sep 2002 - Jun 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) | -69.673 Sep 2025 | monthly | Apr 2007 - Sep 2025 |
| Brazil (USD mn) | -10,390.042 Dec 2025 | monthly | Jan 1997 - Dec 2025 |
| Brunei (USD mn) | -2,030.104 2024 | yearly | 2000 - 2024 |
| Bulgaria (%) | -4.272 Sep 2025 | quarterly | Sep 2003 - Sep 2025 |
| Cambodia (USD mn) | -52.271 Jul 2024 | monthly | Jan 2007 - Jul 2024 |
| Canada (USD mn) | -5,703.614 Nov 2025 | monthly | May 1992 - Nov 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) | 58.137 Nov 2025 | monthly | Jan 2014 - Nov 2025 |
| Czech Republic (USD mn) | -1,212.622 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Denmark (USD mn) | 4,386.136 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Ecuador (USD mn) | -1,083.498 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Egypt (USD mn) | -15,919.810 Nov 2025 | monthly | Jan 2005 - Nov 2025 |
| 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) | -1,195.774 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| France (USD mn) | -48,235.559 Sep 2025 | quarterly | Mar 1957 - Sep 2025 |
| Georgia (USD mn) | -697.461 Dec 2025 | monthly | Jan 2006 - Dec 2025 |
| Germany (USD mn) | -46,923.274 Sep 2025 | quarterly | Mar 1991 - Sep 2025 |
| Ghana (USD mn) | -386.239 Jul 2025 | monthly | Jan 2008 - Jul 2025 |
| Greece (USD mn) | 4,558.528 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Hong Kong SAR, China (USD mn) | 7,950.134 Dec 2025 | monthly | Oct 1998 - Dec 2025 |
| Hungary (USD mn) | 1,345.964 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Iceland (USD mn) | -121.031 Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| India (USD mn) | -13,420.225 Dec 2025 | monthly | Apr 1997 - Dec 2025 |
| Indonesia (USD mn) | -8,071.951 Dec 2025 | monthly | Jan 2014 - Dec 2025 |
| 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) | -7,376.344 Dec 2025 | monthly | Jan 1999 - Dec 2025 |
| Italy (USD mn) | -47,273.468 Mar 2025 | quarterly | Mar 1999 - Mar 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) | 418.759 2018 | yearly | 1999 - 2018 |
| Kazakhstan (USD mn) | -3,258.167 Dec 2025 | monthly | Nov 2007 - Dec 2025 |
| 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) | 20.776 Nov 2025 | monthly | Jan 2007 - Nov 2025 |
| Laos (USD mn) | 375.970 2024 | yearly | 2010 - 2024 |
| Latvia (USD mn) | 282.710 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Lebanon (USD mn) | 405.307 Dec 2021 | monthly | Jan 1998 - Dec 2021 |
| Lithuania (USD mn) | 44.359 Jun 2025 | quarterly | Mar 1999 - Jun 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) | -6.171 Oct 2025 | monthly | Oct 2005 - Oct 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) | -22,934.079 Dec 2025 | monthly | Jan 1977 - Dec 2025 |
| Moldova (USD mn) | -709.547 2024 | yearly | 1998 - 2024 |
| Mongolia (USD mn) | 152.759 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Montenegro (USD mn) | -68.106 Nov 2025 | monthly | Jan 2012 - Nov 2025 |
| 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) | -5,489.382 2021 | yearly | 1980 - 2021 |
| Nepal (USD mn) | -1,365.374 Jun 2025 | quarterly | Mar 2017 - Jun 2025 |
| Netherlands (USD mn) | -6,772.937 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| New Zealand (USD mn) | 5,756.479 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Nigeria (USD mn) | -1,902.660 Dec 2024 | quarterly | Mar 2005 - Dec 2024 |
| Norway (USD mn) | 16,884.009 Jun 2025 | quarterly | Mar 2002 - Jun 2025 |
| Oman (USD mn) | -5.202 Oct 2025 | monthly | Jun 2003 - Oct 2025 |
| Pakistan (USD mn) | -22,771.776 2024 | yearly | 1991 - 2024 |
| Palestinian Territory (USD mn) | 192.600 2024 | yearly | 2010 - 2024 |
| Panama (USD mn) | -6,416.100 2024 | yearly | 2003 - 2024 |
| Paraguay (USD mn) | -350.611 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Peru (USD mn) | -3,777.337 Sep 2025 | quarterly | Mar 1990 - Sep 2025 |
| Philippines (USD mn) | -2,674.510 Nov 2025 | monthly | Jan 1985 - Nov 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) | -393.407 Sep 2025 | quarterly | Mar 2011 - Sep 2025 |
| Romania (%) | -8.536 Sep 2025 | quarterly | Dec 2004 - Sep 2025 |
| Russia (USD mn) | -7,923.869 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Saudi Arabia (USD mn) | -65,333.333 2025 | yearly | 1969 - 2025 |
| Serbia (USD mn) | 6.775 Nov 2025 | monthly | Jan 2005 - Nov 2025 |
| Singapore (USD mn) | -7,923.530 Dec 2025 | monthly | Apr 2011 - Dec 2025 |
| Slovakia (USD mn) | 312.189 Dec 2025 | monthly | Jan 2005 - Dec 2025 |
| Slovenia (USD mn) | -850.675 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| South Africa (USD mn) | 3,768.632 Dec 2025 | monthly | Jan 1990 - Dec 2025 |
| Spain (USD mn) | 18,617.397 Sep 2025 | quarterly | Mar 1995 - Sep 2025 |
| Sri Lanka (%) | -4.738 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) | 4,838.441 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) | -1,282.760 Oct 2025 | monthly | Nov 2015 - Oct 2025 |
| Tax Revenue (USD mn) | 5,565.964 Nov 2025 | monthly | Nov 2015 - Nov 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) | 28.1 Nov 2025 | monthly | Jan 2003 - Nov 2025 |
| Total Exports (USD mn) | 1,237.8 Nov 2025 | monthly | Jan 2003 - Nov 2025 |
| Total Exports Growth (%) | -10.7 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| 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) | 1,209.6 Nov 2025 | monthly | Jan 2003 - Nov 2025 |
| Total Imports Growth (%) | -9.6 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| 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) | 41.521 Sep 2025 | monthly | Jan 1981 - Sep 2025 |
| Total Exports to China (USD mn) | 140.207 Nov 2025 | monthly | Nov 1998 - Nov 2025 |
| Total Imports from China (USD mn) | 209.298 Nov 2025 | monthly | Jul 1992 - Nov 2025 |
| Export Value Index (2015=100) | 168.638 2021 | yearly | 1980 - 2021 |
| Import Volume Index (2015=100) | 69.648 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 89.425 2021 | yearly | 1980 - 2021 |
| Export Volume Index (2015=100) | 107.241 2021 | yearly | 1980 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | -32.3 Jun 2025 | quarterly | Mar 1998 - Jun 2025 |
| Current Account Balance (USD mn) | 17.0 Mar 2025 | quarterly | Mar 1998 - Mar 2025 |
| Current Account Balance: % of GDP (%) | -2.0 2023 | yearly | 2010 - 2023 |
| Foreign Direct Investment (USD mn) | 221.8 Mar 2025 | quarterly | Mar 1998 - Mar 2025 |
| Foreign Direct Investment: % of GDP (%) | 1.2 2023 | yearly | 2010 - 2023 |
| Foreign Portfolio Investment (USD mn) | -56.778 Jun 2025 | quarterly | Mar 1998 - Jun 2025 |
| Foreign Portfolio Investment: % of GDP (%) | -1.3 2023 | yearly | 2010 - 2023 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | -7.3 Jun 2025 | quarterly | Mar 1998 - Jun 2025 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | -49.528 Jun 2025 | quarterly | Mar 1998 - Jun 2025 |
| External Debt (USD mn) | 23,436.4 Sep 2025 | quarterly | Mar 2011 - Sep 2025 |
| External Debt: % of GDP (%) | 84.2 2023 | yearly | 2011 - 2023 |
| 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) | 3,238.047 Nov 2025 | monthly | Jan 1997 - Nov 2025 |
| Money Supply M2 (USD mn) | 8,447.313 Nov 2025 | monthly | Jan 1997 - Nov 2025 |
| M2 Growth (%) | 11.4 Nov 2025 | monthly | Jan 1998 - Nov 2025 |
| Reserve Requirement Ratio (%) | 26.0 Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Foreign Exchange Reserves (USD mn) | 5,224.8 Oct 2025 | monthly | Jan 2010 - Oct 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.0 Oct 2025 | monthly | Jan 2010 - Oct 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) | 7,425.8 Nov 2025 | monthly | Dec 2001 - Nov 2025 |
| Domestic Credit Growth (%) | 12.9 Nov 2025 | monthly | Dec 2002 - Nov 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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