Markets Actual Q3/26 Q4/26 Q1/27 Q2/27
Currency 19.48 19.48 18.95 18.69 18.43
Government Bond 10Y 15.78 15.78 15.52 15.39 15.26

Overview Actual Q3/26 Q4/26 Q1/27 Q2/27
Currency 19.48 19.48 18.95 18.69 18.43
Government Bond 10Y 15.78 15.78 15.52 15.39 15.26
GDP Annual Growth Rate (%) 7.20 6.8 6.5 5 4.8
GDP Constant Prices (ZMW Million) 47744.00 47631 50028 46734 50036
Inflation Rate (%) 6.10 6.1 6.6 6.8 7.1
Food Inflation (%) 5.80 6 5.6 5.3 4.7
CPI Housing Utilities (points) 576.92 569 586 596 616
Consumer Price Index CPI (points) 560.73 561 578 589 596
CPI Transportation (points) 671.86 673 677 679 682
Inflation Rate MoM (%) 0.40 0.1 0.7 0.3 0.4
Interest Rate (%) 13.25 13 13 12.75 12.5
Deposit Interest Rate (%) 5.99 5.74 5.74 5.49 5.24
Composite PMI (points) 46.00 50 50.9 51.1 51.5
GDP (USD Billion) 28.88 30.76
GDP per Capita (USD) 1355.78 1444
GDP per Capita PPP (USD) 3742.26 3986
Full Year GDP Growth (%) 5.40 6.5
Unemployment Rate (%) 12.90 13
Population (Million) 22.31 23
Current Account to GDP (% of GDP) -5.10 0.8
Government Debt to GDP (% of GDP) 60.90 70
Government Budget (% of GDP) -3.80 -4

GDP Actual Q3/26 Q4/26 Q1/27 Q2/27
GDP Annual Growth Rate (%) 7.20 6.8 6.5 5 4.8
GDP Constant Prices (ZMW Million) 47744.00 47631 50028 46734 50036
GDP (USD Billion) 28.88 30.76
GDP per Capita (USD) 1355.78 1444
GDP per Capita PPP (USD) 3742.26 3986
Full Year GDP Growth (%) 5.40 6.5

Prices Actual Q3/26 Q4/26 Q1/27 Q2/27
Inflation Rate (%) 6.10 6.1 6.6 6.8 7.1
Food Inflation (%) 5.80 6 5.6 5.3 4.7
CPI Housing Utilities (points) 576.92 569 586 596 616
Consumer Price Index CPI (points) 560.73 561 578 589 596
CPI Transportation (points) 671.86 673 677 679 682
Inflation Rate MoM (%) 0.40 0.1 0.7 0.3 0.4

Money Actual Q3/26 Q4/26 Q1/27 Q2/27
Interest Rate (%) 13.25 13 13 12.75 12.5
Deposit Interest Rate (%) 5.99 5.74 5.74 5.49 5.24

Business Actual Q3/26 Q4/26 Q1/27 Q2/27
Composite PMI (points) 46.00 50 50.9 51.1 51.5

Labour Actual Q3/26 Q4/26 Q1/27 Q2/27
Unemployment Rate (%) 12.90 13
Population (Million) 22.31 23

Trade Actual Q3/26 Q4/26 Q1/27 Q2/27
Current Account to GDP (% of GDP) -5.10 0.8

Government Actual Q3/26 Q4/26 Q1/27 Q2/27
Government Debt to GDP (% of GDP) 60.90 70
Government Budget (% of GDP) -3.80 -4