Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Currency 19.11 18.26 17.99 17.71 17.71
Government Bond 10Y 16.90 16.57 16.4 16.24 16.24

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
Currency 19.11 18.26 17.99 17.71 17.71
Government Bond 10Y 16.90 16.57 16.4 16.24 16.24
GDP Annual Growth Rate (%) 3.60 4.4 5.4 6.7 6.7
GDP Constant Prices (ZMW Million) 44453.00 45409 46853 47431 47431
Inflation Rate (%) 7.10 8 7.1 6.8 5.6
Food Inflation (%) 7.80 8.5 8.2 7.9 7.5
Consumer Price Index CPI (points) 551.52 565 566 580 582
CPI Housing Utilities (points) 558.10 578 574 587 589
CPI Transportation (points) 678.92 683 687 692 694
Inflation Rate MoM (%) 0.60 0.6 0.6 0.7 0.3
Interest Rate (%) 13.50 13.5 13 13 12.5
Deposit Interest Rate (%) 6.09 6.09 5.59 5.59 5.09
Composite PMI (points) 49.30 51.6 51.6 51.6 51.6
GDP (USD Billion) 26.33 28.02
GDP per Capita (USD) 1346.28 1432
GDP per Capita PPP (USD) 3716.04 3954
Full Year GDP Growth (%) 3.80 6.4
Unemployment Rate (%) 12.90 10.8
Population (Million) 19.70 21.3
Current Account to GDP (% of GDP) -1.00 -0.7
Government Debt to GDP (% of GDP) 69.60 70
Government Budget (% of GDP) -3.50 -4

GDP Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Annual Growth Rate (%) 3.60 4.4 5.4 6.7 6.7
GDP Constant Prices (ZMW Million) 44453.00 45409 46853 47431 47431
GDP (USD Billion) 26.33 28.02
GDP per Capita (USD) 1346.28 1432
GDP per Capita PPP (USD) 3716.04 3954
Full Year GDP Growth (%) 3.80 6.4

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 7.10 8 7.1 6.8 5.6
Food Inflation (%) 7.80 8.5 8.2 7.9 7.5
Consumer Price Index CPI (points) 551.52 565 566 580 582
CPI Housing Utilities (points) 558.10 578 574 587 589
CPI Transportation (points) 678.92 683 687 692 694
Inflation Rate MoM (%) 0.60 0.6 0.6 0.7 0.3

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 13.50 13.5 13 13 12.5
Deposit Interest Rate (%) 6.09 6.09 5.59 5.59 5.09

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Composite PMI (points) 49.30 51.6 51.6 51.6 51.6

Labour Actual Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 12.90 10.8
Population (Million) 19.70 21.3

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Current Account to GDP (% of GDP) -1.00 -0.7

Government Actual Q2/26 Q3/26 Q4/26 Q1/27
Government Debt to GDP (% of GDP) 69.60 70
Government Budget (% of GDP) -3.50 -4