Zambia GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Zambia expanded 6.50 percent in 2013 from the previous year. GDP Annual Growth Rate in Zambia is reported by the Bank of Zambia. From 1961 until 2013, Zambia GDP Annual Growth Rate averaged 2.9 percent reaching an all time high of 16.7 percent in December of 1965 and a record low of -8.6 percent in December of 1994. Zambia is one of the poorest countries in the world with 60 percent of population living below poverty line. In recent years, Zambia’s economy has been growing rapidly due to expansion of copper mining industry and agriculture diversification. However, widespread poverty, mainly caused by fast population growth and systemic youth unemployment, remains Zambia’s main economic challenge. This page provides - Zambia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
6.50 7.30 16.65 -8.63 6.51 | 2014/06 1961 - 2013 percent Yearly

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Zambia GDP Annual Growth Rate
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GDP Last Previous Highest Lowest Forecast Unit
GDP Constant Prices 125947.00 2013-06-30 106015.00 125947.00 2240.00 145033.55 2014-06-30 ZMW THO [+]
GDP 20.67 2012-12-31 19.21 20.67 0.68 24.07 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 6.50 2013-12-31 7.30 16.65 -8.63 6.51 2014-06-30 percent [+]
GDP per capita 798.26 2012-12-31 767.91 1084.74 557.15 845.27 2014-06-30 USD [+]
GDP per capita PPP 1475.49 2012-12-31 1419.40 1555.64 1029.82 1562.39 2014-06-30 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Zambia Exports at 4217000.00 Thousands Zambian Kwacha  
Exports in Zambia decreased to 4217000 Thousands Zambian Kwacha in February of 2014 from 4843000 Thousands Zambian Kwacha in January of 2014. Exports in Zambia is reported by the Central Statistical Office, Zambia.
Zambia GDP Current Prices at 125947.00 ZMW THO  
GDP Constant Prices in Zambia increased to 125947 ZMW THO in 2013 from 106015 ZMW THO in 2012. GDP Constant Prices in Zambia is reported by the Central Statistical Office, Zambia.
Zambia Imports at 4159000.00 Thousands Zambian Kwacha  
Imports in Zambia decreased to 4159000 Thousands Zambian Kwacha in February of 2014 from 4547000 Thousands Zambian Kwacha in January of 2014. Imports in Zambia is reported by the Central Statistical Office, Zambia.
Zambia Interest Rate at 12.00 percent  
The benchmark interest rate in Zambia was last recorded at 12 percent. Interest Rate in Zambia is reported by the Bank of Zambia.
Zambia Inflation Rate at 7.70 percent  
The inflation rate in Zambia was recorded at 7.70 percent in March of 2014. Inflation Rate in Zambia is reported by the Bank of Zambia.
Zambia Personal Income Tax Rate at 35.00 percent  
The Personal Income Tax Rate in Zambia stands at 35 percent. Personal Income Tax Rate in Zambia is reported by the Zambia Revenue Authority.
Zambia Corporate Tax Rate at 35.00 percent  
The Corporate Tax Rate in Zambia stands at 35 percent. Corporate Tax Rate in Zambia is reported by the Zambia Revenue Authority.
Zambia Sales Tax Rate at 16.00 Percent  
The Sales Tax Rate in Zambia stands at 16 percent. Sales Tax Rate in Zambia is reported by the Zambia Revenue Authority.
Zambia Balance of Trade at 161000.00 Thousands Zambian Kwacha  
Zambia recorded a trade surplus of 161000 Thousands Zambian Kwacha in December of 2013. Balance of Trade in Zambia is reported by the Central Statistical Office, Zambia.
Zambia Current Account at 67.50 USD Million  
Zambia recorded a Current Account surplus of 67.50 USD Million in the fourth quarter of 2012. Current Account in Zambia is reported by the Bank of Zambia.
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