Zambia Policy Rate

2006 - 2020 | Monthly | % pa | CEIC Data

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Zambia's cash rate (Policy Rate: Month End: Zambia) was set at 8.00 % pa in Sep 2020, compared with 8.00 % pa in the previous Aug 2020. Zambia's Policy Rate averaged 11.00 % pa and is updated monthly, available from Jan 2006 to Sep 2020. The data reached an all-time high of 18.10 % pa in Aug 2009 and a record low of 3.90 % pa in Apr 2010. The Bank of Zambia provides monthly Policy Rate.

In the latest reports, Zambia's Short Term Interest Rate: Month Avg: Zambia: Treasury Bills Yield: 91 days was reported at 15.30 % pa in Jul 2020. Zambia's Exchange Rate against USD averaged 19.83 (ZMW/USD) in Sep 2020.

What was Zambia's Policy Rate in Sep 2020?

Last Previous Min Max Unit Frequency Range

8.00

% pa Sep 2020 monthly Jan 2006 - Sep 2020

8.00

% pa Aug 2020 monthly Jan 2006 - Sep 2020

3.90

Apr 2010

18.10

Aug 2009

% pa

monthly

Jan 2006 - Sep 2020

Updated on 30 Sep 2020

Policy Rate by Country Comparison

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All Countries/Regions
Asia and Oceania
Europe and Central Asia
Middle East and Africa
North and South America
Country/Region Last Frequency Range
Albania (% pa)

0.50

Sep 2020

monthly

Jan 2000 - Sep 2020

Algeria (% pa)

3.00

Sep 2020

monthly

Jan 1963 - Sep 2020

Argentina (%)

30.07

Sep 2020

monthly

Aug 1985 - Sep 2020

Armenia (% pa)

4.25

Sep 2020

monthly

May 2001 - Sep 2020

Australia (% pa)

0.25

Oct 2020

monthly

Aug 1990 - Oct 2020

Austria (% pa)

0.00

Oct 2020

monthly

Jan 1999 - Oct 2020

Azerbaijan (% pa)

6.50

Sep 2020

monthly

Jan 2005 - Sep 2020

Bahrain (% pa)

1.00

Sep 2020

monthly

Jan 2007 - Sep 2020

Bangladesh (% pa)

4.75

Sep 2020

monthly

Sep 2009 - Sep 2020

Belarus (% pa)

7.75

Sep 2020

monthly

Jul 1991 - Sep 2020

Belgium (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Botswana (% pa)

4.25

Sep 2020

monthly

Aug 1976 - Sep 2020

Brazil (% pa)

2.00

Sep 2020

monthly

Mar 1999 - Sep 2020

Bulgaria (% pa)

0.00

Oct 2020

monthly

Feb 1991 - Oct 2020

Canada (% pa)

0.25

Sep 2020

monthly

Dec 1992 - Sep 2020

Chile (% pa)

0.50

Oct 2020

monthly

May 1995 - Oct 2020

China (% pa)

2.00

Oct 2020

monthly

Jan 1998 - Oct 2020

Colombia (% pa)

1.75

Sep 2020

monthly

Apr 1995 - Sep 2020

Croatia (% pa)

3.00

Aug 2020

monthly

Dec 1992 - Aug 2020

Cyprus (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Czech Republic (% pa)

0.05

Sep 2020

monthly

Jan 1993 - Sep 2020

Denmark (% pa)

0.00

Sep 2020

monthly

Aug 1914 - Sep 2020

Ecuador (% pa)

8.96

Oct 2020

monthly

Jul 1995 - Oct 2020

Egypt (% pa)

9.25

Sep 2020

monthly

Jan 1991 - Sep 2020

Estonia (% pa)

0.00

Oct 2020

monthly

Jan 1999 - Oct 2020

European Union (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Finland (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

France (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Georgia (% pa)

8.00

Sep 2020

monthly

Jan 2008 - Sep 2020

Germany (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Ghana (% pa)

14.50

Sep 2020

monthly

Nov 2002 - Sep 2020

Greece (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Hong Kong SAR, China (% pa)

0.50

Sep 2020

monthly

Jun 1992 - Sep 2020

Hungary (% pa)

0.60

Oct 2020

monthly

Oct 1990 - Oct 2020

Iceland (% pa)

1.75

Sep 2020

monthly

Jan 1994 - Sep 2020

India (% pa)

4.00

Sep 2020

monthly

Apr 2001 - Sep 2020

Indonesia (% pa)

4.00

Oct 2020

monthly

Jun 2015 - Oct 2020

Ireland (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Israel (% pa)

0.25

Sep 2020

monthly

Dec 1998 - Sep 2020

Italy (% pa)

0.00

Oct 2020

monthly

Jan 1999 - Oct 2020

Ivory Coast (% pa)

2.50

Mar 2017

monthly

Jan 1964 - Mar 2017

Japan (% pa)

-0.10

Sep 2020

monthly

Nov 2008 - Sep 2020

Jordan (% pa)

3.50

Sep 2020

monthly

Dec 1965 - Sep 2020

Kazakhstan (% pa)

9.00

Sep 2020

monthly

Feb 1992 - Sep 2020

Kenya (% pa)

7.00

Oct 2020

monthly

Jul 2003 - Oct 2020

South Korea (% pa)

0.50

Oct 2020

monthly

May 1999 - Oct 2020

Kosovo (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Kuwait (% pa)

1.50

Sep 2020

monthly

Jul 1999 - Sep 2020

Kyrgyzstan (% pa)

5.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Laos (% pa)

3.00

Sep 2020

monthly

Dec 1992 - Sep 2020

Latvia (% pa)

0.00

Oct 2020

monthly

Jan 1999 - Oct 2020

Lebanon (% pa)

10.00

Oct 2020

monthly

Apr 1964 - Oct 2020

Lithuania (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Luxembourg (% pa)

0.00

Oct 2020

monthly

Jan 1999 - Oct 2020

Macau SAR, China (% pa)

0.50

Sep 2020

monthly

Dec 1999 - Sep 2020

North Macedonia (% pa)

1.50

Sep 2020

monthly

Jan 2002 - Sep 2020

Malawi (% pa)

13.50

Sep 2020

monthly

Jan 1980 - Sep 2020

Malaysia (% pa)

1.75

Sep 2020

monthly

Apr 2004 - Sep 2020

Malta (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Mauritius (% pa)

1.85

Sep 2020

monthly

Dec 1999 - Sep 2020

Mexico (% pa)

4.25

Sep 2020

monthly

Jan 2008 - Sep 2020

Moldova (% pa)

5.50

Sep 2020

monthly

Feb 2001 - Sep 2020

Mongolia (% pa)

8.00

Sep 2020

monthly

Jul 2007 - Sep 2020

Montenegro (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Morocco (% pa)

1.50

Sep 2020

monthly

Jun 1995 - Sep 2020

Myanmar (% pa)

9.50

2020

yearly

1986 - 2020

Nepal (% pa)

5.00

Sep 2020

monthly

Jul 2003 - Sep 2020

Netherlands (% pa)

0.00

Oct 2020

monthly

Jan 1999 - Oct 2020

New Zealand (% pa)

0.25

Sep 2020

monthly

Apr 1999 - Sep 2020

Nigeria (% pa)

11.50

Sep 2020

monthly

Dec 2006 - Sep 2020

Norway (% pa)

0.00

Sep 2020

monthly

Jan 1991 - Sep 2020

Oman (% pa)

0.50

Oct 2020

monthly

May 2007 - Oct 2020

Pakistan (% pa)

8.00

Oct 2020

monthly

Feb 1992 - Oct 2020

Paraguay (% pa)

0.75

Sep 2020

monthly

Jul 2010 - Sep 2020

Peru (% pa)

0.25

Sep 2020

monthly

Sep 2003 - Sep 2020

Philippines (% pa)

2.75

Sep 2020

monthly

Jun 2016 - Sep 2020

Poland (% pa)

0.10

Oct 2020

monthly

Jan 2005 - Oct 2020

Portugal (% pa)

0.00

Oct 2020

monthly

Jan 1999 - Oct 2020

Qatar (% pa)

2.50

Aug 2020

monthly

Mar 2003 - Aug 2020

Romania (% pa)

1.50

Sep 2020

monthly

Jan 2003 - Sep 2020

Russia (% pa)

4.25

Sep 2020

monthly

Sep 2013 - Sep 2020

Saudi Arabia (% pa)

1.00

Sep 2020

monthly

Jan 2000 - Sep 2020

Serbia (% pa)

1.25

Sep 2020

monthly

Jan 2001 - Sep 2020

Singapore (% pa)

0.08

Sep 2020

monthly

Jul 2005 - Sep 2020

Slovakia (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Slovenia (% pa)

0.00

Oct 2020

monthly

Jan 1999 - Oct 2020

South Africa (% pa)

3.50

Oct 2020

monthly

Nov 1999 - Oct 2020

Spain (% pa)

0.00

Oct 2020

monthly

Jan 1999 - Oct 2020

Sri Lanka (% pa)

4.50

Sep 2020

monthly

Jan 1997 - Sep 2020

Sweden (% pa)

0.00

Oct 2020

monthly

Jan 1987 - Oct 2020

Switzerland (% pa)

-0.72

Oct 2020

monthly

Jun 1999 - Oct 2020

Syria (% pa)

5.00

Feb 2015

monthly

Jan 1962 - Feb 2015

Taiwan (% pa)

1.13

Sep 2020

monthly

Jul 1961 - Sep 2020

Tajikistan (% pa)

10.75

Oct 2020

monthly

Jul 1997 - Oct 2020

Thailand (% pa)

0.50

Oct 2020

monthly

May 2000 - Oct 2020

Tunisia (% pa)

6.75

Sep 2020

monthly

Jan 2000 - Sep 2020

Turkey (% pa)

10.25

Oct 2020

monthly

May 2010 - Oct 2020

Ukraine (% pa)

6.00

Sep 2020

monthly

Dec 1992 - Sep 2020

United Arab Emirates (% pa)

1.25

Sep 2020

monthly

Nov 2007 - Sep 2020

United Kingdom (% pa)

0.10

Sep 2020

monthly

Jun 1972 - Sep 2020

United States (% pa)

0.09

Sep 2020

monthly

Jul 1954 - Sep 2020

Uruguay (% pa)

9.25

Sep 2020

monthly

Sep 2007 - Sep 2020

Uzbekistan (% pa)

14.00

Sep 2020

monthly

May 1994 - Sep 2020

Vietnam (% pa)

2.50

Oct 2020

monthly

Aug 2003 - Oct 2020

Yemen (% pa)

16.07

Jan 2015

monthly

Dec 1995 - Jan 2015

Zambia (% pa)

8.00

Sep 2020

monthly

Jan 2006 - Sep 2020

Zambia Key Series

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All Indicators
National Accounts
Production
Government and Public Finance
Demographic and Labour Market
Domestic Trade and Household Survey
Inflation
Foreign Trade
Balance of Payments
Monetary
Banking Statistics
Interest and Foreign Exchange Rates
Energy
Tourism
Financial Market
Transport and Telecommunications
National Accounts Last Frequency Range
Nominal GDP (USD mn)

17,126.2

2019

yearly

2010 - 2019

Real GDP Growth (%)

3.3

Sep 2017

quarterly

Mar 2015 - Sep 2017

GDP per Capita (USD)

1,375.334

2015

yearly

2000 - 2015

GDP Deflator Growth (%)

3.9

2019

yearly

1995 - 2019

Private Consumption Expenditure (USD mn)

10,764.187

2015

yearly

2010 - 2015

Private Consumption: % of GDP (%)

50.7

2015

yearly

2010 - 2015

Public Consumption Expenditure (USD mn)

3,140.921

2015

yearly

2010 - 2015

Public Consumption: % of GDP (%)

14.8

2015

yearly

2010 - 2015

Investment: % of GDP (%)

42.8

2015

yearly

2010 - 2015

Gross Fixed Capital Formation (USD mn)

8,168.519

2015

yearly

2010 - 2015

Gross Savings Rate (%)

34.5

2015

yearly

2010 - 2015

Forecast: GDP PPP Per Capita (PPP Intl $)

3,303.826

2025

yearly

1980 - 2025

Forecast: Nominal GDP Per Capita (USD)

1,067.057

2025

yearly

1980 - 2025

Forecast: Real GDP Growth (%)

1.210

2025

yearly

1980 - 2025

Total Trade of Goods & Services: % of Nominal GDP (%)

75.106

2017

yearly

1957 - 2017

Production Last Frequency Range
Industrial Production Index Growth (%)

1.4

Dec 2018

quarterly

Mar 2002 - Dec 2018

Minerals Production (Metric Ton)

2,100,259.000

2018

yearly

2009 - 2018

Gold Production (kg)

4,373.000

2017

yearly

1990 - 2017

Silver Production (Metric Ton)

15.000

2016

yearly

1986 - 2016

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%)

-16.3

2019

yearly

2000 - 2019

Consolidated Fiscal Balance (USD mn)

-943.559

Jul 2020

monthly

Nov 2015 - Jul 2020

Tax Revenue (USD mn)

1,598.989

Jul 2020

monthly

Nov 2015 - Jul 2020

Government Debt: % of GDP (%)

36.3

2019

yearly

2014 - 2019

Forecast: Government Expenditure (ZMK bn)

111.476

2025

yearly

2000 - 2025

Forecast: Government Net Debt (ZMK bn)

579.044

2025

yearly

2000 - 2025

Forecast: Government Revenue (ZMK bn)

111.124

2025

yearly

2000 - 2025

Demographic and Labour Market Last Frequency Range
Population (Person mn)

18.4

2020

yearly

1950 - 2020

Labour Force Participation Rate (%)

74.6

2020

yearly

1990 - 2020

Employed Persons (Person)

6,799,267.220

2020

yearly

1991 - 2020

Unemployment Rate (%)

11.41

2020

yearly

1991 - 2020

Monthly Earnings (USD)

307

2018

yearly

2017 - 2018

Labour Productivity Growth (%)

-2.04

2019

yearly

1992 - 2019

Forecast: Population (Person mn)

21.892

2025

yearly

1980 - 2025

Forecast: Employment (Person mn)

0.000

yearly

-

Forecast: Unemployment Rate (%)

0.000

yearly

-

Domestic Trade and Household Survey Last Frequency Range
Number of Registered Vehicles (Unit)

40,746

2019

yearly

2007 - 2019

Motor Vehicle Sales: Commercial Cars (Unit)

2,161.000

Dec 2019

semiannually

Dec 2005 - Dec 2019

Motor Vehicle Sales: Passenger Cars (Unit)

1,094.000

Dec 2019

semiannually

Dec 2005 - Dec 2019

Inflation Last Frequency Range
Consumer Price Index CPI Growth (%)

15.7

Sep 2020

monthly

Jan 1986 - Sep 2020

CPI: Food and Non Alcoholic Beverage Change (%)

15.216

Sep 2020

quarterly

Mar 2004 - Sep 2020

Forecast: Consumer Price Index Growth (%)

7.000

2025

yearly

1980 - 2025

Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%)

6.109

2025

yearly

2000 - 2025

Trade Balance (USD mn)

283.1

Aug 2020

monthly

Jan 2003 - Aug 2020

Total Exports (USD mn)

1,590.8

Jun 2020

quarterly

Mar 2003 - Jun 2020

Total Exports Growth (%)

23.3

Jun 2020

quarterly

Mar 2004 - Jun 2020

Aluminum: Exports (USD th)

4,547.345

2019

yearly

1995 - 2019

Exports: Medicament (USD th)

2,889.801

2019

yearly

1995 - 2019

Exports: Medicinal and Pharmaceutical Product (USD th)

656.557

2019

yearly

1995 - 2019

Total Imports (USD mn)

1,141.5

Jun 2020

quarterly

Mar 2003 - Jun 2020

Total Imports Growth (%)

3.4

Aug 2020

monthly

Jan 2004 - Aug 2020

Imports: Medicament (USD th)

134,827.009

2019

yearly

1995 - 2019

Imports: Medicinal and Pharmaceutical Product (USD th)

41,966.151

2019

yearly

1995 - 2019

Total Imports from USA (USD mn)

15.721

Jul 2020

monthly

Jan 1981 - Jul 2020

Total Exports to China (USD mn)

148.912

Aug 2020

monthly

Nov 1998 - Aug 2020

Total Imports from China (USD mn)

67.945

Aug 2020

monthly

Jul 1992 - Aug 2020

Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn)

-47.5

Jun 2020

quarterly

Mar 1998 - Jun 2020

Current Account Balance (USD mn)

210.3

Jun 2020

quarterly

Mar 1998 - Jun 2020

Current Account Balance: % of GDP (%)

0.9

2019

yearly

2010 - 2019

Foreign Direct Investment: % of GDP (%)

3.2

2019

yearly

2010 - 2019

Foreign Portfolio Investment (USD mn)

33.171

Jun 2020

quarterly

Mar 1998 - Jun 2020

Foreign Portfolio Investment: % of GDP (%)

-0.3

2019

yearly

2010 - 2019

Foreign Portfolio Investment: Equity Securities (USD mn)

0.2

Jun 2020

quarterly

Mar 1998 - Jun 2020

Foreign Portfolio Investment: Debt Securities (USD mn)

32.945

Jun 2020

quarterly

Mar 1998 - Jun 2020

External Debt (USD mn)

9,769.5

Mar 2019

quarterly

Mar 2011 - Mar 2019

External Debt: % of GDP (%)

33.9

2018

yearly

2011 - 2018

Forecast: Current Account Balance (USD bn)

0.136

2025

yearly

1980 - 2025

Net International Investment Position (USD mn)

-29,288.390

2019

yearly

2006 - 2019

Monetary Last Frequency Range
Non Performing Loans Ratio (%)

12.5

Jun 2020

quarterly

Mar 2011 - Jun 2020

Non-Performing Loans (USD mn)

266.019

Jun 2020

monthly

Jan 2011 - Jun 2020

M2 Growth (%)

41.5

Aug 2020

monthly

Jan 1998 - Aug 2020

Reserve Requirement Ratio (%)

9.0

Sep 2020

monthly

Jan 2004 - Sep 2020

Foreign Exchange Reserves (USD mn)

1,430.8

Jul 2020

monthly

Jan 2010 - Jul 2020

Foreign Exchange Reserves: Months of Import (NA)

3.4

Jul 2020

monthly

Jan 2010 - Jul 2020

Total Deposits (USD mn)

4,423.083

Jun 2020

monthly

Jan 2001 - Jun 2020

Total Deposits Growth (%)

26.5

Jun 2020

monthly

Jan 2002 - Jun 2020

Domestic Credit (USD mn)

4,771.8

Aug 2020

monthly

Dec 2001 - Aug 2020

Domestic Credit Growth (%)

35.4

Aug 2020

monthly

Dec 2002 - Aug 2020

Total Loans (USD mn)

2,128.576

Jun 2020

monthly

Jan 2001 - Jun 2020

Total Loans Growth (%)

18.98

Jun 2020

monthly

Jan 2002 - Jun 2020

Private Debt: % of Nominal GDP (%)

12.63

2019

yearly

1965 - 2019

Banking Statistics Last Frequency Range
Liquid Assets Ratio (%)

45.0

Jun 2020

quarterly

Mar 2011 - Jun 2020

Capital Adequacy Ratio (%)

21.1

Jun 2020

monthly

Jan 2011 - Jun 2020

Interest and Foreign Exchange Rates Last Frequency Range
Bank Lending Rate (% pa)

25.210

Aug 2020

monthly

Jan 2006 - Aug 2020

Exchange Rate against USD (ZMW/USD)

19.827

Sep 2020

monthly

Jan 1957 - Sep 2020

Policy Rate (% pa)

8.00

Sep 2020

monthly

Jan 2006 - Sep 2020

Short Term Interest Rate (% pa)

14.00

Sep 2020

monthly

Jan 2006 - Sep 2020

Short Term Government Bond Yield (% pa)

14.00

Sep 2020

monthly

Jan 2006 - Sep 2020

Energy Last Frequency Range
Electricity Production (GWh)

14,786

2019

yearly

1971 - 2019

Tourism Last Frequency Range
Tourism Revenue Growth (%)

13.6

2018

yearly

1998 - 2018

Financial Market Last Frequency Range
Equity Market Index (02Jan1997=100)

3,823.6

Sep 2020

monthly

Jan 2018 - Sep 2020

Market Capitalization: % of GDP (%)

35.6

2015

yearly

2010 - 2015

Market Capitalization (USD mn)

5,301.296

Feb 2019

monthly

Jan 2002 - Feb 2019

Transport and Telecommunications Last Frequency Range
Motor Vehicle Registered (Unit th)

370.000

2015

yearly

2005 - 2015

Number of Subscriber Fixed Line (Unit)

96,719.000

2019

yearly

1960 - 2019

Number of Subscriber Mobile (Person)

17,220,607.000

2019

yearly

1960 - 2019

Teledensity: Fixed Line (Number)

0.542

2019

yearly

1960 - 2019

Teledensity: Mobile (Number)

96.414

2019

yearly

1960 - 2019

Exports: ICT Goods (USD th)

10,582.886

2018

yearly

2000 - 2018

Exports: Telecommunication Equipment (USD th)

5,489.271

2019

yearly

1995 - 2019

Exports: Television (USD th)

148.984

2019

yearly

1995 - 2019

Imports: ICT Goods (USD th)

412,342.269

2018

yearly

2000 - 2018

Imports: Telecommunication Equipment (USD th)

138,014.642

2019

yearly

1995 - 2019

Imports: Television (USD th)

36,510.986

2019

yearly

1995 - 2019

ZM: Railways: Goods Transported (Ton-km mn)

297.000

2017

yearly

1995 - 2017

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