Zambia - Economic Forecasts - 2018-2020 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.


Overview Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 7.53 8.47 8.45 8.42 8.4 10.6 percent
Inflation Rate 6.20 6.1 6 6 5.9 4.1 percent
Interest Rate 10.25 10 9.75 9.75 9.75 12 percent
Balance of Trade -885.00 -547 -417 -380 -299 -59.84 ZMK Million
Government Debt to GDP 66.70 40 40 40 40 45 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 9.85
10.05 10.31 10.57 10.84 11.99
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 3.40
percent
4.4 4.4 4.5 4.5 5
GDP 19.55
USD Billion
17.82 17.15 16.47 15.8 8.1
GDP Constant Prices 216826.00
ZMW THO
218435 225267 232099 238931 304639
GDP per capita 1622.40
USD
1613 1611 1610 1608 1521
GDP per capita PPP 3636.10
USD
3617 3612 3607 3602 3389
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 7.53
percent
8.47 8.45 8.42 8.4 10.6
Population 16.59
million
17.3 17.3 17.3 17.3 18.5
Wages High Skilled 8810.00
ZMK/Month
8862 8850 8838 8826 8824
Wages Low Skilled 1760.00
ZMK/Month
1554 1519 1484 1449 1523
Living Wage Family 4090.00
ZMK/Month
4090 4090 4090 4090 4090
Living Wage Individual 2230.00
ZMK/Month
2230 2230 2230 2230 2230
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 6.20
percent
6.1 6 6 5.9 4.1
Food Inflation 4.60
percent
5.01 6.19 7.3 8.06 8.58
Inflation Rate Mom 1.00
percent
0.84 0.78 0.77 0.77 0.77
CPI Transportation 211.09
Index Points
212 211 210 209 198
Consumer Price Index Cpi 203.15
Index Points
206 208 210 210 204
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 10.25
percent
10 9.75 9.75 9.75 12
Deposit Interest Rate 10.80
percent
11.01 11.44 11.88 12.31 15.22
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -885.00
ZMK Million
-547 -417 -380 -299 -59.84
Exports 8349.00
ZMK Million
7893 7777 7756 7707 7165
Imports 7879.00
ZMK Million
7759 7699 7650 7591 6975
Current Account -257.10
USD Million
-107 -67.26 -59.05 -59.09 -30.39
Current Account to GDP -3.70
percent
-3 -3 -4.07 -3 -1
Terrorism Index 0.00
0.05 0.05 0.05 0.05 0.47
Foreign Direct Investment 505.30
USD Million
343 312 307 298 243
External Debt 9208.80
USD Million
8983 8742 8501 8260 1965
Capital Flows -192.80
USD Million
-17.15 103 112 47.69 107
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 66.70
percent
40 40 40 40 45
Government Budget -10.50
percent of GDP
-3.21 -3.28 -3.34 -3.41 -0.91
Military Expenditure 292.10
USD Million
342 335 328 321 236
Government Debt 6851.00
USD Million
6813 6694 6576 6458 4493
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Manufacturing Production 3.30
percent
4.47 4.21 4.53 4.34 4.74
Internet Speed 2303.04
KBps
2095 2153 2199 2071 1924
IP Addresses 248931.00
IP
212684 203341 192333 181975 124342
Mining Production 6.80
percent
6.83 6.86 6.77 6.8 6.96
Industrial Production 4.20
percent
5.42 5.27 5.08 4.92 5.21
Ease of Doing Business 85.00
87 85 84 82 91
Corruption Index 38.00
Points
37 37 37 36 32
Corruption Rank 87.00
80 81 83 84 92
Competitiveness Index 3.52
Points
3.45 3.45 3.45 3.45 3.24
Competitiveness Rank 118.00
120 120 120 120 110
Composite Pmi 50.70
49.24 52.73 52.6 50.88 51.81
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 35.00
percent
35 35 35 35 35
Personal Income Tax Rate 37.50
percent
37 37 37 37 36
Sales Tax Rate 16.00
percent
16 16 16 16 16
Social Security Rate 10.00
percent
10 10 10 10 10
Social Security Rate For Companies 5.00
percent
5 5 5 5 5
Social Security Rate For Employees 5.00
percent
5 5 5 5 5
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 164.83
mm
192 16.61 1.28 117 83.44
Temperature 25.21
celsius
22.32 19.46 19.89 23.71 21.82