Zambia External Debt: % of GDP

2011 - 2023 | Yearly | % | CEIC Data

Key information about Zambia External Debt: % of GDP

  • Zambia External Debt accounted for 84.2 % of the country's Nominal GDP in 2023, compared with the ratio of 79.6 % in the previous year.
  • Zambia External Debt: % of Nominal GDP data is updated yearly, available from Dec 2011 to Dec 2023.
  • The data reached an all-time high of 87.0 % in Dec 2019 and a record low of 3.6 % in Dec 2012.

CEIC calculates External Debt as % of GDP from quarterly External Debt and annual Nominal GDP. World Bank provides External Debt in USD. Zambia Statistics Agency provides Nominal GDP in local currency. Bank of Zambia average market exchange rate is used for currency conversions.


Related information about Zambia External Debt: % of GDP

  • In the latest reports of Zambia, Current Account recorded a surplus of 17.0 USD mn in Mar 2025.
  • Foreign Direct Investment (FDI) increased by 221.8 USD mn in Mar 2025.
  • Zambia Direct Investment Abroad fell by 42.3 USD mn in Mar 2025.
  • Its Foreign Portfolio Investment increased by 46.6 USD mn in Mar 2025.
  • The country's External Debt reached 23,890.4 in Jun 2025.
  • The country's Nominal GDP was reported at 28.2 USD bn in Dec 2023.

View Zambia's External Debt: % of GDP from 2011 to 2023 in the chart:

Zambia External Debt: % of GDP

What was Zambia's External Debt: % of GDP in 2023?

Zambia External Debt accounted for 84.2 % of the country's Nominal GDP in 2023, compared with the ratio of 79.6 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
84.2 2023 79.6 2022 3.6 2012 87.0 2019 % yearly 2011 - 2023

External Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 40.5 2024 yearly 1991 - 2024
Algeria (%) 1.1 2024 yearly 1970 - 2024
Argentina (%) 43.5 2024 yearly 1994 - 2024
Armenia (%) 62.9 2024 yearly 2000 - 2024
Australia (%) 112.8 2024 yearly 1988 - 2024
Austria (%) 154.5 2024 yearly 1997 - 2024
Azerbaijan (%) 14.9 Dec 2021 quarterly Dec 2001 - Dec 2021
Bangladesh (%) 11.4 2017 yearly 1997 - 2017
Belarus (%) 46.0 Jun 2025 quarterly Dec 2000 - Jun 2025
Belgium (%) 242.6 2024 yearly 2007 - 2024
Bolivia (%) 33.0 2024 yearly 2006 - 2024
Bosnia and Herzegovina (%) 17.0 2024 yearly 1999 - 2024
Botswana (%) 7.8 2025 yearly 1995 - 2025
Brazil (%) 27.6 2024 yearly 1992 - 2024
Bulgaria (%) 47.6 2024 yearly 1999 - 2024
Cambodia (%) 45.4 2024 yearly 2010 - 2024
Canada (%) 146.4 2024 yearly 1990 - 2024
Chile (%) 74.2 2024 yearly 1971 - 2024
China (%) 12.9 2024 yearly 1985 - 2024
Colombia (%) 51.3 2024 yearly 1970 - 2024
Croatia (%) 74.3 2022 yearly 1998 - 2022
Cyprus (%) 674.2 2024 yearly 2004 - 2024
Czech Republic (%) 65.4 2024 yearly 1995 - 2024
Denmark (%) 142.2 2024 yearly 2005 - 2024
Ecuador (%) 48.2 2024 yearly 1970 - 2024
Egypt (%) 44.2 Jun 2025 quarterly Jun 1999 - Jun 2025
Estonia (%) 97.8 2024 yearly 1996 - 2024
European Union (%) 109.7 2024 yearly 2008 - 2024
Finland (%) 203.5 2024 yearly 1991 - 2024
France (%) 250.2 2024 yearly 2004 - 2024
Georgia (%) 73.6 2024 yearly 1999 - 2024
Germany (%) 147.6 2024 yearly 1999 - 2024
Ghana (%) 34.4 2024 yearly 1999 - 2024
Greece (%) 243.2 2024 yearly 2003 - 2024
Hong Kong SAR, China (%) 467.1 2024 yearly 2001 - 2024
Hungary (%) 142.9 2024 yearly 2006 - 2024
Iceland (%) 71.9 2024 yearly 1989 - 2024
India (%) 19.1 2025 yearly 1970 - 2025
Indonesia (%) 30.4 2024 yearly 2003 - 2024
Iran (%) 0.8 2025 yearly 1994 - 2025
Ireland (%) 544.0 2024 yearly 2002 - 2024
Israel (%) 27.2 2024 yearly 1998 - 2024
Italy (%) 120.8 2024 yearly 2002 - 2024
Ivory Coast (%) 34.4 2022 yearly 1994 - 2022
Japan (%) 108.0 2024 yearly 2003 - 2024
Jordan (%) 80.3 2024 yearly 1970 - 2024
Kazakhstan (%) 59.2 Jun 2025 quarterly Mar 2002 - Jun 2025
Kenya (%) 31.2 2024 yearly 2006 - 2024
South Korea (%) 35.9 2024 yearly 1994 - 2024
Kosovo (%) 40.7 2024 yearly 2007 - 2024
Kuwait (%) 41.5 2024 yearly 2014 - 2024
Kyrgyzstan (%) 70.8 2024 yearly 2003 - 2024
Laos (%) 68.7 2024 yearly 1996 - 2024
Latvia (%) 104.4 Sep 2025 quarterly Mar 2000 - Sep 2025
Lebanon (%) 17.4 2023 yearly 2007 - 2023
Lithuania (%) 77.4 2024 yearly 1996 - 2024
Luxembourg (%) 4,148.6 2024 yearly 2002 - 2024
North Macedonia (%) 79.2 2024 yearly 2004 - 2024
Malawi (%) 60.1 2021 yearly 2006 - 2021
Malaysia (%) 69.9 2024 yearly 2009 - 2024
Malta (%) 836.7 2024 yearly 2004 - 2024
Mauritius (%) 1,221.8 2024 yearly 2009 - 2024
Mexico (%) 32.2 2024 yearly 2002 - 2024
Moldova (%) 56.7 2024 yearly 2000 - 2024
Mongolia (%) 157.9 2024 yearly 1992 - 2024
Montenegro (%) 112.7 2023 yearly 2006 - 2023
Morocco (%) 50.8 2022 yearly 1970 - 2022
Mozambique (%) 49.2 2023 yearly 1985 - 2023
Myanmar (%) 18.9 2023 yearly 2018 - 2023
Nepal (%) 17.3 2016 yearly 2001 - 2016
Netherlands (%) 349.4 2024 yearly 2003 - 2024
New Zealand (%) 94.7 2024 yearly 1993 - 2024
Nigeria (%) 18.6 2024 yearly 1985 - 2024
Norway (%) 155.3 2024 yearly 2003 - 2024
Pakistan (%) 33.1 2025 yearly 2000 - 2025
Palestinian Territory (%) 15.3 2024 yearly 2012 - 2024
Panama (%) 169.8 2021 yearly 2014 - 2021
Paraguay (%) 58.8 2024 yearly 2000 - 2024
Peru (%) 36.7 2024 yearly 1980 - 2024
Philippines (%) 29.8 2024 yearly 1990 - 2024
Poland (%) 51.8 2024 yearly 1995 - 2024
Portugal (%) 144.8 2024 yearly 1996 - 2024
Qatar (%) 106.1 2018 yearly 2000 - 2018
Romania (%) 57.5 2024 yearly 1995 - 2024
Russia (%) 13.3 2024 yearly 1993 - 2024
Serbia (%) 60.5 2024 yearly 2000 - 2024
Singapore (%) 407.1 2024 yearly 2003 - 2024
Slovakia (%) 100.9 2024 yearly 1995 - 2024
Slovenia (%) 87.9 2024 yearly 1995 - 2024
South Africa (%) 42.0 2024 yearly 1985 - 2024
Spain (%) 162.5 2024 yearly 1995 - 2024
Sri Lanka (%) 75.0 2022 yearly 1998 - 2022
Sudan (%) 202.2 2021 yearly 2001 - 2021
Sweden (%) 168.1 2024 yearly 1997 - 2024
Switzerland (%) 233.9 2024 yearly 1999 - 2024
Taiwan (%) 27.4 2024 yearly 1999 - 2024
Tajikistan (%) 37.7 2021 yearly 2000 - 2021
Thailand (%) 35.5 Jun 2025 quarterly Mar 2005 - Jun 2025
Tunisia (%) 83.8 2024 yearly 2002 - 2024
Turkey (%) 38.2 2024 yearly 1989 - 2024

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Zambia 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) -864.009 Sep 2025 monthly Nov 2015 - Sep 2025
Tax Revenue (USD mn) 4,298.242 Sep 2025 monthly Nov 2015 - Sep 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) 49.1 Oct 2025 monthly Jan 2003 - Oct 2025
Total Exports (USD mn) 1,346.8 Oct 2025 monthly Jan 2003 - Oct 2025
Total Exports Growth (%) 20.4 Oct 2025 monthly Jan 2004 - Oct 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) 1,297.6 Oct 2025 monthly Jan 2003 - Oct 2025
Total Imports Growth (%) 3.4 Oct 2025 monthly Jan 2004 - Oct 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) 7.161 Aug 2025 monthly Jan 1981 - Aug 2025
Total Exports to China (USD mn) 140.724 Oct 2025 monthly Nov 1998 - Oct 2025
Total Imports from China (USD mn) 250.530 Oct 2025 monthly Jul 1992 - Oct 2025
Import Value Index (2015=100) 89.425 2021 yearly 1980 - 2021
Export Value Index (2015=100) 168.638 2021 yearly 1980 - 2021
Export Volume Index (2015=100) 107.241 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) -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) 23,890.4 Jun 2025 quarterly Mar 2011 - Jun 2025
External Debt: % of GDP (%) 84.2 2023 yearly 2011 - 2023
Forecast: Current Account Balance (USD bn) 1.593 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -31,493.988 2024 yearly 2006 - 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.5 Jun 2025 monthly Jan 2011 - Jun 2025
Non-Performing Loans (USD mn) 127.254 Jun 2025 monthly Jan 2011 - Jun 2025
Money Supply M1 (USD mn) 3,026.554 Sep 2025 monthly Jan 1997 - Sep 2025
Money Supply M2 (USD mn) 8,185.124 Sep 2025 monthly Jan 1997 - Sep 2025
M2 Growth (%) 15.0 Sep 2025 monthly Jan 1998 - Sep 2025
Reserve Requirement Ratio (%) 26.0 Sep 2025 monthly Jan 2004 - Sep 2025
Foreign Exchange Reserves (USD mn) 5,067.0 Aug 2025 monthly Jan 2010 - Aug 2025
Foreign Exchange Reserves: Months of Import (NA) 4.4 Aug 2025 monthly Jan 2010 - Aug 2025
Total Deposits (USD mn) 8,807.158 Jun 2025 monthly Jan 2001 - Jun 2025
Total Deposits Growth (%) 16.5 Jun 2025 monthly Jan 2002 - Jun 2025
Domestic Credit (USD mn) 6,984.8 Sep 2025 monthly Dec 2001 - Sep 2025
Domestic Credit Growth (%) 16.6 Sep 2025 monthly Dec 2002 - Sep 2025
Total Loans (USD mn) 3,588.534 Jun 2025 monthly Jan 2001 - Jun 2025
Total Loans Growth (%) 19.28 Jun 2025 monthly Jan 2002 - Jun 2025
Private Debt: % of Nominal GDP (%) 12.46 2024 yearly 1965 - 2024

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