Zambia Real GDP Growth

2015 - 2017 | Quarterly | % | CEIC Data

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The Gross Domestic Product (GDP) in Zambia expanded 3.3 % YoY in Sep 2017, following a growth of 3.2 % in the previous quarter. Real GDP Growth YoY data in Zambia is updated quarterly, available from Mar 2015 to Sep 2017, with an average rate of 3.2 %. The data reached an all-time high of 4.7 % in Jun 2016 and a record low of 1.3 % in Dec 2015. The Ministry of Finance provides quarterly Real GDP Growth at 2010 prices.

In the latest reports, Nominal GDP of Zambia reached 17.1 USD bn in Dec 2019. Its GDP deflator (implicit price deflator) increased 3.9 % in Dec 2019. GDP Per Capita in Zambia reached 1,375.3 USD in Dec 2015. Its Gross Savings Rate was measured at 34.5 % in Dec 2015.

What was Zambia's Real GDP Growth in Sep 2017?

Last Previous Min Max Unit Frequency Range

3.3

% Sep 2017 quarterly Mar 2015 - Sep 2017

3.2

% Jun 2017 quarterly Mar 2015 - Sep 2017

1.3

Dec 2015

4.7

Jun 2016

%

quarterly

Mar 2015 - Sep 2017

Updated on 11 Sep 2020

Real GDP Growth 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 (%)

-11.0

Jun 2020

quarterly

Mar 2010 - Jun 2020

Algeria (%)

-3.9

Mar 2020

quarterly

Mar 2012 - Mar 2020

Argentina (%)

-19.8

Jun 2020

quarterly

Mar 2005 - Jun 2020

Armenia (%)

-13.7

Jun 2020

quarterly

Mar 2001 - Jun 2020

Australia (%)

-6.3

Jun 2020

quarterly

Sep 1960 - Jun 2020

Austria (%)

-14.5

Jun 2020

quarterly

Mar 1989 - Jun 2020

Azerbaijan (%)

0.2

Mar 2020

quarterly

Mar 2001 - Mar 2020

Bahrain (%)

-8.9

Jun 2020

quarterly

Mar 2009 - Jun 2020

Bangladesh (%)

5.2

2020

yearly

2007 - 2020

Belarus (%)

-3.3

Jun 2020

quarterly

Mar 2006 - Jun 2020

Belgium (%)

-5.2

Sep 2020

quarterly

Mar 1996 - Sep 2020

Bolivia (%)

-21.7

Jun 2020

quarterly

Mar 1991 - Jun 2020

Bosnia and Herzegovina (%)

-9.3

Jun 2020

quarterly

Mar 2009 - Jun 2020

Botswana (%)

-24.0

Jun 2020

quarterly

Mar 1995 - Jun 2020

Brazil (%)

-11.4

Jun 2020

quarterly

Mar 1997 - Jun 2020

Brunei (%)

2.8

Jun 2020

quarterly

Mar 2005 - Jun 2020

Bulgaria (%)

-8.6

Jun 2020

quarterly

Mar 1996 - Jun 2020

Cambodia (%)

7.1

2019

yearly

1994 - 2019

Canada (%)

-13.0

Jun 2020

quarterly

Mar 1962 - Jun 2020

Chile (%)

-13.7

Jun 2020

quarterly

Mar 1987 - Jun 2020

China (%)

4.9

Sep 2020

quarterly

Mar 1992 - Sep 2020

Colombia (%)

-15.5

Jun 2020

quarterly

Mar 2001 - Jun 2020

Croatia (%)

-15.1

Jun 2020

quarterly

Mar 1996 - Jun 2020

Cyprus (%)

-12.3

Jun 2020

quarterly

Mar 1996 - Jun 2020

Czech Republic (%)

-10.9

Jun 2020

quarterly

Mar 1996 - Jun 2020

Denmark (%)

-7.7

Jun 2020

quarterly

Mar 1992 - Jun 2020

Ecuador (%)

-12.4

Jun 2020

quarterly

Mar 1994 - Jun 2020

Egypt (%)

5.0

Mar 2020

quarterly

Sep 2002 - Mar 2020

Estonia (%)

-6.5

Jun 2020

quarterly

Mar 1996 - Jun 2020

European Union (%)

-3.9

Sep 2020

quarterly

Mar 1996 - Sep 2020

Finland (%)

-6.5

Jun 2020

quarterly

Mar 1976 - Jun 2020

France (%)

-4.3

Sep 2020

quarterly

Mar 1950 - Sep 2020

Georgia (%)

-12.3

Jun 2020

quarterly

Mar 1998 - Jun 2020

Germany (%)

-4.2

Sep 2020

quarterly

Mar 1992 - Sep 2020

Ghana (%)

-0.8

Jun 2020

quarterly

Jun 2006 - Jun 2020

Greece (%)

-15.2

Jun 2020

quarterly

Mar 1996 - Jun 2020

Hong Kong SAR, China (%)

-8.9

Jun 2020

quarterly

Mar 1991 - Jun 2020

Hungary (%)

-13.5

Jun 2020

quarterly

Mar 1996 - Jun 2020

Iceland (%)

-10.7

Jun 2020

quarterly

Mar 1996 - Jun 2020

India (%)

-23.9

Jun 2020

quarterly

Jun 2005 - Jun 2020

Indonesia (%)

-5.3

Jun 2020

quarterly

Mar 1994 - Jun 2020

Iran (%)

-6.8

Mar 2020

quarterly

Jun 1989 - Mar 2020

Ireland (%)

-3.7

Jun 2020

quarterly

Mar 1996 - Jun 2020

Israel (%)

-7.8

Jun 2020

quarterly

Mar 1996 - Jun 2020

Italy (%)

-4.5

Sep 2020

quarterly

Mar 1982 - Sep 2020

Ivory Coast (%)

7.4

2018

yearly

1966 - 2018

Japan (%)

-10.1

Jun 2020

quarterly

Mar 1956 - Jun 2020

Jordan (%)

-3.6

Jun 2020

quarterly

Mar 1993 - Jun 2020

Kazakhstan (%)

4.9

Dec 2019

quarterly

Mar 2006 - Dec 2019

Kenya (%)

5.1

Mar 2020

quarterly

Mar 2010 - Mar 2020

South Korea (%)

-1.3

Sep 2020

quarterly

Mar 1961 - Sep 2020

Kosovo (%)

-9.3

Jun 2020

quarterly

Mar 2011 - Jun 2020

Kuwait (%)

-2.5

Mar 2020

quarterly

Jun 2010 - Mar 2020

Kyrgyzstan (%)

-5.3

Jun 2020

quarterly

Mar 2007 - Jun 2020

Laos (%)

6.2

2018

yearly

2003 - 2018

Latvia (%)

-3.1

Sep 2020

quarterly

Mar 1996 - Sep 2020

Lebanon (%)

-1.9

2018

yearly

2005 - 2018

Lithuania (%)

-4.6

Jun 2020

quarterly

Jun 1995 - Jun 2020

Luxembourg (%)

-0.2

Mar 2020

quarterly

Mar 1996 - Mar 2020

Macau SAR, China (%)

-67.8

Jun 2020

quarterly

Mar 2002 - Jun 2020

North Macedonia (%)

-12.7

Jun 2020

quarterly

Mar 2001 - Jun 2020

Malawi (%)

4.0

2018

yearly

2003 - 2018

Malaysia (%)

-17.1

Jun 2020

quarterly

Mar 2001 - Jun 2020

Malta (%)

-16.2

Jun 2020

quarterly

Mar 2001 - Jun 2020

Mauritius (%)

-32.5

Jun 2020

quarterly

Mar 2001 - Jun 2020

Mexico (%)

-8.6

Sep 2020

quarterly

Mar 1981 - Sep 2020

Moldova (%)

0.9

Jun 2020

quarterly

Mar 1996 - Jun 2020

Mongolia (%)

-9.1

Jun 2020

quarterly

Mar 2011 - Jun 2020

Montenegro (%)

-20.2

Jun 2020

quarterly

Mar 2011 - Jun 2020

Morocco (%)

-14.9

Jun 2020

quarterly

Mar 2008 - Jun 2020

Mozambique (%)

2.0

Dec 2018

quarterly

Jun 2007 - Dec 2018

Myanmar (%)

6.8

2019

yearly

2011 - 2019

Nepal (%)

-2.7

Mar 2020

quarterly

Dec 2004 - Mar 2020

Netherlands (%)

-9.2

Jun 2020

quarterly

Mar 1997 - Jun 2020

New Zealand (%)

-10.1

Jun 2020

quarterly

Jun 1983 - Jun 2020

Nigeria (%)

-6.1

Jun 2020

quarterly

Mar 2011 - Jun 2020

Norway (%)

-5.3

Jun 2020

quarterly

Mar 1979 - Jun 2020

Oman (%)

-0.8

2019

yearly

1999 - 2019

Pakistan (%)

0.5

2020

yearly

2001 - 2020

Palestinian Territory (%)

-4.9

Mar 2020

quarterly

Jun 2011 - Mar 2020

Panama (%)

0.4

Mar 2020

quarterly

Mar 2008 - Mar 2020

Paraguay (%)

-6.5

Jun 2020

quarterly

Mar 1995 - Jun 2020

Peru (%)

-30.2

Jun 2020

quarterly

Mar 1981 - Jun 2020

Philippines (%)

-16.3

Jun 2020

quarterly

Mar 1999 - Jun 2020

Poland (%)

-8.0

Jun 2020

quarterly

Mar 1996 - Jun 2020

Portugal (%)

1.8

Jun 2019

quarterly

Mar 1996 - Jun 2019

Qatar (%)

-6.1

Jun 2020

quarterly

Mar 2012 - Jun 2020

Romania (%)

-10.2

Jun 2020

quarterly

Mar 1996 - Jun 2020

Russia (%)

-5.6

Jun 2020

quarterly

Mar 1996 - Jun 2020

Saudi Arabia (%)

-7.0

Jun 2020

quarterly

Mar 2011 - Jun 2020

Serbia (%)

4.5

Sep 2019

quarterly

Mar 1997 - Sep 2019

Singapore (%)

-7.0

Sep 2020

quarterly

Mar 1976 - Sep 2020

Slovakia (%)

-12.1

Jun 2020

quarterly

Mar 1994 - Jun 2020

Slovenia (%)

-13.1

Jun 2020

quarterly

Mar 1996 - Jun 2020

South Africa (%)

-17.2

Jun 2020

quarterly

Mar 1961 - Jun 2020

Spain (%)

-8.7

Sep 2020

quarterly

Mar 1996 - Sep 2020

Sri Lanka (%)

-1.6

Mar 2020

quarterly

Mar 2011 - Mar 2020

Sudan (%)

5.6

2018

yearly

1983 - 2018

Sweden (%)

-7.7

Jun 2020

quarterly

Mar 1982 - Jun 2020

Switzerland (%)

-8.2

Jun 2020

quarterly

Mar 1966 - Jun 2020

Syria (%)

1.6

2018

yearly

1961 - 2018

Taiwan (%)

-0.2

Jun 2020

quarterly

Mar 1983 - Jun 2020

Tajikistan (%)

7.2

Sep 2019

quarterly

Mar 2000 - Sep 2019

Thailand (%)

-12.1

Jun 2020

quarterly

Mar 1994 - Jun 2020

Tunisia (%)

-20.8

Jun 2020

quarterly

Mar 2001 - Jun 2020

Turkey (%)

-9.9

Jun 2020

quarterly

Mar 1999 - Jun 2020

Ukraine (%)

-11.4

Jun 2020

quarterly

Mar 2002 - Jun 2020

United Arab Emirates (%)

1.9

Mar 2020

quarterly

Jun 2012 - Mar 2020

United Kingdom (%)

-21.5

Jun 2020

quarterly

Mar 1956 - Jun 2020

United States (%)

-2.9

Sep 2020

quarterly

Mar 1948 - Sep 2020

Uruguay (%)

-10.6

Jun 2020

quarterly

Mar 1998 - Jun 2020

Uzbekistan (%)

0.4

Sep 2020

quarterly

Mar 2016 - Sep 2020

Venezuela (%)

-26.8

Mar 2019

quarterly

Mar 1998 - Mar 2019

Vietnam (%)

10.8

Sep 2020

quarterly

Jun 2010 - Sep 2020

Yemen (%)

-10.0

2017

yearly

1991 - 2017

Zambia (%)

3.3

Sep 2017

quarterly

Mar 2015 - Sep 2017

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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