Zambia | Economic Forecasts | 2017-2020 Outlook

This page has economic forecasts for Zambia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Zambia economy.


MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 9.35 9.75 9.84 10.13 10.04 11.58 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 3.60 3.8 3.8 3.8 4.4 5 percent [+]
GDP 22.06 24.3 22.8 21.31 20.8 17.45 USD Billion [+]
GDP Constant Prices 183381.00 199527 202231 204935 210179 285545 ZMW THO [+]
GDP per capita 1607.36 1637 1634 1631 1635 1675 USD [+]
GDP per capita PPP 3602.33 3677 3682 3686 3690 3814 USD [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 13.30 13.98 14.02 14.07 14.23 15.34 percent [+]
Population 15.47 62.2 62.31 62.42 74.57 267 million [+]
Living Wage Family 4445.50 4549 4551 4552 4552 4552 ZMK/Month [+]
Living Wage Individual 2423.60 2447 2467 2456 2462 2460 ZMK/Month [+]
Wages High Skilled 6060.00 6115 6116 6116 6117 6117 ZMK/Month [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 6.70 6.5 6.3 6 5.7 4.1 percent [+]
Food Inflation 7.80 6.24 6.25 6.25 6.25 6.25 percent [+]
Inflation Rate Mom 0.40 0.78 0.79 0.8 0.8 0.8 percent [+]
Cpi Transportation 207.05 205 205 205 205 205 Index Points [+]
Consumer Price Index Cpi 193.85 196 197 197 198 199 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 14.00 14.5 14.5 13.5 13.5 12 percent [+]
Deposit Interest Rate 8.99 8.48 8.72 8.96 8.97 8.69 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -998.80 -741 -728 -734 -733 -733 ZMK Million [+]
Exports 4818.80 4986 4986 4986 4986 4986 ZMK Million [+]
Imports 5817.60 6048 6054 6055 6056 6056 ZMK Million [+]
Current Account -107.20 -162 -169 -172 -168 -168 ZMK Billions [+]
Current Account to GDP -3.00 -1.33 -2.38 -3.44 -3.03 -2.49 percent [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
Foreign Direct Investment 255.21 353 306 308 341 338 USD Million [+]
External Debt 8081.80 8085 8620 9156 8907 2049 USD Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 31.00 33.31 34.73 36.15 41.28 44.31 percent [+]
Government Budget -8.10 -4.83 -4.76 -4.68 -4.74 -6.1 percent of GDP [+]
Military Expenditure 486.90 487 503 518 529 563 USD Million [+]
Government Debt 6602.60 6500 6734 6968 6884 4737 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Manufacturing Production 2.16 4.84 5.19 5.34 5.36 5.13 percent [+]
Mining Production 0.50 2.37 2.33 2.26 2.26 2.25 percent [+]
Industrial Production -2.40 2.16 2.16 2.16 2.16 2.16 percent [+]
Ease of Doing Business 98.00 96 98 99 99 99 [+]
Corruption Index 38.00 38 38 38 38 38 Points [+]
Corruption Rank 87.00 81 83 85 86 93 [+]
Competitiveness Index 3.60 3.86 3.86 3.86 3.37 3.4 Points [+]
Competitiveness Rank 118.00 107 107 107 123 117 [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 35.00 35 35 35 35 35 percent [+]
Personal Income Tax Rate 35.00 35 35 35 35 35 percent [+]
Sales Tax Rate 16.00 16 16 16 16 16 percent [+]
Social Security Rate 10.00 10 10 10 10 10 percent [+]
Social Security Rate For Companies 5.00 5 5 5 5 5 percent [+]
Social Security Rate For Employees 5.00 5 5 5 5 5 percent [+]