Zambia Current Account Balance: % of GDP

2010 - 2021 | Yearly | % | CEIC Data

Key information about Zambia Current Account Balance: % of GDP

  • Zambia Current Account surplus accounted for 11.9 % of the country's Nominal GDP in Dec 2021, compared with a 12.8 % surplus in the previous year.
  • Zambia Current Account Balance: % of Nominal GDP data is updated yearly, available from Dec 2010 to Dec 2021, with an average value of 1.6 %.
  • The data reached an all-time high of 12.8 % in Dec 2020 and a record low of -3.3 % in Dec 2016.

CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The Bank of Zambia provides Current Account Balance in USD, calculated according to IMF methodology. Zambia Statistics Agency provides Nominal GDP in local currency. Bank of Zambia average market exchange rate is used for currency conversions.


Key information about Zambia Current Account Balance: % of GDP

  • In the latest reports of Zambia, Current Account recorded a deficit of 57.2 USD mn in Mar 2023.
  • Foreign Direct Investment (FDI) increased by 93.9 USD mn in Mar 2023.
  • Zambia Direct Investment Abroad fell by 47.8 USD mn in Mar 2023.
  • Its Foreign Portfolio Investment fell by 55.0 USD mn in Mar 2023.
  • The country's Nominal GDP was reported at 21.3 USD bn in Dec 2021.

View Zambia's Current Account Balance: % of GDP from 2010 to 2021 in the chart:

Zambia Current Account Balance: % of GDP

What was Zambia's Current Account Balance: % of GDP in 2021?

Zambia Current Account surplus accounted for 11.9 % of the country's Nominal GDP in Dec 2021, compared with a 12.8 % surplus in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
11.9 2021 12.8 2020 -3.3 2016 12.8 2020 % yearly 2010 - 2021

Current Account Balance: % of GDP by Country Comparison

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Includes Current Account Balance: % of GDP on 115 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 6.6 Sep 2023 quarterly Mar 2008 - Sep 2023
Algeria (%) 4.8 Mar 2023 quarterly Mar 2007 - Mar 2023
Argentina (%) -2.2 Dec 2023 quarterly Mar 2004 - Dec 2023
Armenia (%) 2.7 Dec 2023 quarterly Dec 1994 - Dec 2023
Australia (%) 1.8 Dec 2023 quarterly Sep 1959 - Dec 2023
Austria (%) 1.7 Sep 2023 quarterly Mar 1970 - Sep 2023
Azerbaijan (%) 8.9 Dec 2023 quarterly Mar 2013 - Dec 2023
Bahrain (%) 15.2 Dec 2022 quarterly Mar 2018 - Dec 2022
Bangladesh (%) -0.5 2023 yearly 1998 - 2023
Belarus (%) -1.4 Dec 2023 quarterly Mar 1996 - Dec 2023
Belgium (%) 1.4 Dec 2023 quarterly Mar 1995 - Dec 2023
Bolivia (%) -2.5 Sep 2023 quarterly Mar 1990 - Sep 2023
Bosnia and Herzegovina (%) -2.8 Dec 2023 quarterly Mar 2008 - Dec 2023
Botswana (%) 1.2 Sep 2023 quarterly Mar 2004 - Sep 2023
Brazil (%) -1.5 Dec 2023 quarterly Mar 1995 - Dec 2023
Brunei (%) -20.4 Dec 2020 quarterly Mar 2013 - Dec 2020
Bulgaria (%) -3.1 Dec 2023 quarterly Sep 1999 - Dec 2023
Cambodia (%) -1.1 Dec 2023 quarterly Mar 2010 - Dec 2023
Canada (%) -0.2 Dec 2023 quarterly Mar 1957 - Dec 2023
Chile (%) -4.4 Dec 2023 quarterly Mar 1996 - Dec 2023
China (%) 1.2 Dec 2023 quarterly Mar 1998 - Dec 2023
Colombia (%) -2.3 Dec 2023 quarterly Mar 1996 - Dec 2023
Croatia (%) -5.7 Dec 2023 quarterly Mar 1995 - Dec 2023
Cyprus (%) -11.2 Dec 2023 quarterly Mar 2008 - Dec 2023
Czech Republic (%) 0.6 Dec 2023 quarterly Mar 1995 - Dec 2023
Denmark (%) 12.5 Dec 2023 quarterly Mar 1990 - Dec 2023
Ecuador (%) 1.7 Dec 2023 quarterly Mar 1993 - Dec 2023
Egypt (%) 1.3 Dec 2022 quarterly Sep 2001 - Dec 2022
Estonia (%) 0.3 Mar 2023 quarterly Mar 2000 - Mar 2023
European Union (%) 2.2 Dec 2023 quarterly Mar 1999 - Dec 2023
Finland (%) 1.5 Dec 2023 quarterly Mar 1990 - Dec 2023
France (%) 0.9 Dec 2023 quarterly Mar 1997 - Dec 2023
Georgia (%) -6.8 Dec 2023 quarterly Mar 1996 - Dec 2023
Germany (%) 5.7 Dec 2023 quarterly Mar 1991 - Dec 2023
Ghana (%) 0.9 Sep 2023 quarterly Mar 2006 - Sep 2023
Greece (%) -12.6 Dec 2023 quarterly Mar 2000 - Dec 2023
Hong Kong SAR, China (%) 9.0 Dec 2023 quarterly Mar 1999 - Dec 2023
Hungary (%) -1.6 Dec 2023 quarterly Mar 1995 - Dec 2023
Iceland (%) -2.7 Dec 2023 quarterly Mar 1995 - Dec 2023
India (%) -1.2 Dec 2023 quarterly Jun 2004 - Dec 2023
Indonesia (%) 0.9 Mar 2023 quarterly Mar 1993 - Mar 2023
Iran (%) 0.6 2023 yearly 1997 - 2023
Ireland (%) -0.3 Dec 2023 quarterly Mar 1995 - Dec 2023
Israel (%) 9.7 Dec 2023 quarterly Mar 1995 - Dec 2023
Italy (%) 0.7 Dec 2023 quarterly Mar 1980 - Dec 2023
Ivory Coast (%) -6.3 2022 yearly 1975 - 2022
Japan (USD mn) 14,232.0 Apr 2023 monthly Jan 1996 - Apr 2023
Jordan (%) 3.0 Dec 2023 quarterly Mar 1992 - Dec 2023
Kazakhstan (%) -2.6 Sep 2023 quarterly Dec 1997 - Sep 2023
Kenya (%) -2.3 Mar 2023 quarterly Mar 2009 - Mar 2023
South Korea (USD mn) 7,671.1 Feb 2024 monthly Jan 1980 - Feb 2024
Kosovo (%) -15.4 Dec 2023 quarterly Mar 2010 - Dec 2023
Kuwait (%) 37.2 Sep 2023 quarterly Mar 2012 - Sep 2023
Kyrgyzstan (%) -60.7 Mar 2023 quarterly Mar 2000 - Mar 2023
Laos (%) -0.1 2022 yearly 1984 - 2022
Latvia (%) -1.6 Dec 2023 quarterly Mar 1995 - Dec 2023
Lebanon (%) -4.4 2020 yearly 2002 - 2020
Lithuania (%) 4.2 Dec 2023 quarterly Mar 1993 - Dec 2023
Luxembourg (%) 7.0 Dec 2023 quarterly Mar 1995 - Dec 2023
Macau SAR, China (%) 11.4 2022 yearly 2002 - 2022
North Macedonia (%) -3.0 Dec 2023 quarterly Mar 2000 - Dec 2023
Malawi (%) -14.2 2021 yearly 1977 - 2021
Malaysia (%) 0.1 Dec 2023 quarterly Mar 2000 - Dec 2023
Malta (%) 0.3 Dec 2023 quarterly Mar 1995 - Dec 2023
Mauritius (%) -3.4 Dec 2023 quarterly Mar 2007 - Dec 2023
Mexico (%) 2.5 Dec 2023 quarterly Mar 1993 - Dec 2023
Moldova (%) -11.2 Dec 2023 quarterly Mar 1995 - Dec 2023
Mongolia (%) -4.9 Dec 2023 quarterly Mar 2000 - Dec 2023
Montenegro (%) -24.1 Dec 2023 quarterly Mar 2010 - Dec 2023
Morocco (%) -0.5 Dec 2023 quarterly Mar 2014 - Dec 2023
Mozambique (%) -37.4 2022 yearly 1980 - 2022
Nepal (%) -1.3 2023 yearly 2001 - 2023
Netherlands (%) 8.5 Dec 2023 quarterly Mar 1987 - Dec 2023
New Zealand (%) -6.7 Dec 2023 quarterly Jun 1987 - Dec 2023
Nigeria (%) 1.8 Dec 2022 quarterly Mar 2008 - Dec 2022
Norway (%) 16.1 Sep 2023 quarterly Mar 1981 - Sep 2023
Oman (%) -4.9 2021 yearly 1980 - 2021
Pakistan (%) -0.7 2023 yearly 1977 - 2023
Palestinian Territory (%) -16.1 Mar 2023 quarterly Mar 2011 - Mar 2023
Panama (%) -18.8 Dec 2023 quarterly Mar 2007 - Dec 2023
Paraguay (%) -1.2 Dec 2023 quarterly Mar 2000 - Dec 2023
Peru (%) 2.3 Dec 2023 quarterly Mar 1990 - Dec 2023
Philippines (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Poland (%) 1.8 Dec 2023 quarterly Mar 2000 - Dec 2023
Portugal (%) -0.4 Dec 2023 quarterly Mar 1996 - Dec 2023
Qatar (%) 15.6 Jun 2023 quarterly Mar 2011 - Jun 2023
Romania (%) -7.1 Dec 2023 quarterly Mar 1995 - Dec 2023
Russia (%) 2.1 Dec 2023 quarterly Mar 1994 - Dec 2023
Saudi Arabia (%) 1.6 Dec 2023 quarterly Mar 2006 - Dec 2023
Serbia (%) -5.5 Dec 2023 quarterly Mar 2007 - Dec 2023
Singapore (%) 19.5 Dec 2023 quarterly Mar 1986 - Dec 2023
Slovakia (%) -3.6 Dec 2023 quarterly Mar 1997 - Dec 2023
Slovenia (%) 3.9 Dec 2023 quarterly Mar 1995 - Dec 2023
South Africa (%) -2.3 Dec 2023 quarterly Mar 1960 - Dec 2023
Spain (%) 2.2 Dec 2023 quarterly Mar 1980 - Dec 2023
Sri Lanka (%) 1.1 Dec 2023 quarterly Mar 2002 - Dec 2023
Sudan (%) -8.5 2021 yearly 1977 - 2021
Sweden (%) 7.1 Dec 2023 quarterly Mar 1980 - Dec 2023
Switzerland (%) 7.6 Dec 2023 quarterly Mar 1983 - Dec 2023

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Zambia Key Series

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Includes 111 key indicators for Zambia, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -8.5 2021 yearly 2001 - 2021
Consolidated Fiscal Balance (USD mn) -1,235.192 Dec 2023 monthly Nov 2015 - Dec 2023
Tax Revenue (USD mn) 3,736.627 Dec 2023 monthly Nov 2015 - Dec 2023
Government Debt: % of GDP (%) 45.5 2021 yearly 2014 - 2021
Forecast: Government Expenditure (ZMK bn) 247.121 2028 yearly 2000 - 2028
Forecast: Government Net Debt (ZMK bn) 496.854 2022 yearly 2000 - 2022
Forecast: Government Revenue (ZMK bn) 234.442 2028 yearly 2000 - 2028
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.533 2028 yearly 2000 - 2028
Trade Balance (USD mn) -137.2 Feb 2024 monthly Jan 2003 - Feb 2024
Total Exports (USD mn) 687.5 Feb 2024 monthly Jan 2003 - Feb 2024
Total Exports Growth (%) -4.1 Feb 2024 monthly Jan 2004 - Feb 2024
Aluminum: Exports (USD th) 1,710.822 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 2,186.716 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 905.677 2022 yearly 1995 - 2022
Total Imports (USD mn) 824.7 Feb 2024 monthly Jan 2003 - Feb 2024
Total Imports Growth (%) 35.8 Feb 2024 monthly Jan 2004 - Feb 2024
Imports: Medicament (USD th) 263,152.229 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 119,354.130 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 6.815 Jan 2022 monthly Jan 1981 - Jan 2022
Total Imports from USA (USD mn) 13.253 Dec 2023 monthly Jan 1981 - Dec 2023
Total Exports to China (USD mn) 147.345 Feb 2024 monthly Nov 1998 - Feb 2024
Total Imports from China (USD mn) 142.124 Feb 2024 monthly Jul 1992 - Feb 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 39.9 Dec 2023 quarterly Mar 1998 - Dec 2023
Current Account Balance (USD mn) -231.2 Dec 2023 quarterly Mar 1998 - Dec 2023
Current Account Balance: % of GDP (%) 11.9 2021 yearly 2010 - 2021
Foreign Direct Investment (USD mn) 27.0 Dec 2023 quarterly Mar 1998 - Dec 2023
Foreign Direct Investment: % of GDP (%) -3.9 2021 yearly 2010 - 2021
Foreign Portfolio Investment (USD mn) -85.358 Dec 2023 quarterly Mar 1998 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 4.4 2021 yearly 2010 - 2021
Foreign Portfolio Investment: Equity Securities (USD mn) -0.2 Dec 2023 quarterly Mar 1998 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -85.167 Dec 2023 quarterly Mar 1998 - Dec 2023
External Debt (USD mn) 24,216.8 Sep 2023 quarterly Mar 2011 - Sep 2023
External Debt: % of GDP (%) 39.8 2021 yearly 2011 - 2021
Forecast: Current Account Balance (USD bn) 3.607 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -27,613.340 2022 yearly 2006 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.4 Sep 2023 monthly Jan 2011 - Sep 2023
Non-Performing Loans (USD mn) 134.908 Sep 2023 monthly Jan 2011 - Sep 2023
Money Supply M1 (USD mn) 2,336.513 Dec 2023 monthly Jan 1997 - Dec 2023
Money Supply M2 (USD mn) 5,822.535 Dec 2023 monthly Jan 1997 - Dec 2023
M2 Growth (%) 22.6 Dec 2023 monthly Jan 1998 - Dec 2023
Reserve Requirement Ratio (%) 26.0 Feb 2024 monthly Jan 2004 - Feb 2024
Foreign Exchange Reserves (USD mn) 3,033.9 Nov 2023 monthly Jan 2010 - Nov 2023
Foreign Exchange Reserves: Months of Import (NA) 3.7 Nov 2023 monthly Jan 2010 - Nov 2023
Total Deposits (USD mn) 7,523.390 Sep 2023 monthly Jan 2001 - Sep 2023
Total Deposits Growth (%) 27.5 Sep 2023 monthly Jan 2002 - Sep 2023
Domestic Credit (USD mn) 5,463.7 Dec 2023 monthly Dec 2001 - Dec 2023
Domestic Credit Growth (%) 39.2 Dec 2023 monthly Dec 2002 - Dec 2023
Total Loans (USD mn) 3,041.003 Sep 2023 monthly Jan 2001 - Sep 2023
Total Loans Growth (%) 38.13 Sep 2023 monthly Jan 2002 - Sep 2023
Private Debt: % of Nominal GDP (%) 10.21 2022 yearly 1965 - 2022

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