Markets Actual Q3/25 Q4/25 Q1/26 Q2/26
Currency 23.89 24.09 24.23 24.37 24.51
Government Bond 10Y 19.51 19.44 19.36 19.29 19.22

Overview Actual Q3/25 Q4/25 Q1/26 Q2/26
Currency 23.89 24.09 24.23 24.37 24.51
Government Bond 10Y 19.51 19.44 19.36 19.29 19.22
GDP Annual Growth Rate (%) 4.50 6 6.2 5.2 7.4
Inflation Rate (%) 12.60 12.4 13 8 7.5
Food Inflation (%) 14.90 14 12.8 13 14
Consumer Price Index CPI (points) 525.95 529 551 556 562
CPI Housing Utilities (points) 535.01 514 566 556 575
CPI Transportation (points) 629.53 629 633 639 642
Inflation Rate MoM (%) 0.50 -0.1 0.6 1 0.4
Interest Rate (%) 14.50 14 14 13.5 13
Deposit Interest Rate (%) 6.17 5.67 5.67 5.17 4.67
Composite PMI (points) 51.20 51.4 51.6 51.6 51.6
GDP (USD Billion) 26.33 27.86
GDP Constant Prices (ZMW Million) 168795.00 179260
GDP per Capita (USD) 1346.28 1424
GDP per Capita PPP (USD) 3716.04 3932
Full Year GDP Growth (%) 4.00 5.8
Unemployment Rate (%) 12.00 11
Population (Million) 19.70 20.5
Current Account to GDP (% of GDP) -1.00 5.9
Government Debt to GDP (% of GDP) 69.60 72
Government Budget (% of GDP) -3.50 -4.5

GDP Actual Q3/25 Q4/25 Q1/26 Q2/26
GDP Annual Growth Rate (%) 4.50 6 6.2 5.2 7.4
GDP (USD Billion) 26.33 27.86
GDP Constant Prices (ZMW Million) 168795.00 179260
GDP per Capita (USD) 1346.28 1424
GDP per Capita PPP (USD) 3716.04 3932
Full Year GDP Growth (%) 4.00 5.8

Prices Actual Q3/25 Q4/25 Q1/26 Q2/26
Inflation Rate (%) 12.60 12.4 13 8 7.5
Food Inflation (%) 14.90 14 12.8 13 14
Consumer Price Index CPI (points) 525.95 529 551 556 562
CPI Housing Utilities (points) 535.01 514 566 556 575
CPI Transportation (points) 629.53 629 633 639 642
Inflation Rate MoM (%) 0.50 -0.1 0.6 1 0.4

Money Actual Q3/25 Q4/25 Q1/26 Q2/26
Interest Rate (%) 14.50 14 14 13.5 13
Deposit Interest Rate (%) 6.17 5.67 5.67 5.17 4.67

Business Actual Q3/25 Q4/25 Q1/26 Q2/26
Composite PMI (points) 51.20 51.4 51.6 51.6 51.6

Labour Actual Q3/25 Q4/25 Q1/26 Q2/26
Unemployment Rate (%) 12.00 11
Population (Million) 19.70 20.5

Trade Actual Q3/25 Q4/25 Q1/26 Q2/26
Current Account to GDP (% of GDP) -1.00 5.9

Government Actual Q3/25 Q4/25 Q1/26 Q2/26
Government Debt to GDP (% of GDP) 69.60 72
Government Budget (% of GDP) -3.50 -4.5