Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Currency 18.82 18.71 18.24 17.96 17.68
Government Bond 10Y 16.87 16.82 16.62 16.49 16.37

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
Currency 18.82 18.71 18.24 17.96 17.68
Government Bond 10Y 16.87 16.82 16.62 16.49 16.37
GDP Annual Growth Rate (%) 1.60 4.4 3.6 4.2 5
GDP Constant Prices (ZMW Million) 47284.14 45473 46124 49270 49648
Inflation Rate (%) 6.80 7.5 7.1 6.8 5.6
Food Inflation (%) 7.30 8 7.1 6.7 5.8
CPI Transportation (points) 712.44 722 726 731 733
Inflation Rate MoM (%) 0.70 1.3 0.6 0.7 0.3
Consumer Price Index CPI (points) 555.18 562 566 580 582
CPI Housing Utilities (points) 560.89 575 574 587 589
Interest Rate (%) 13.25 13.25 13 13 12.75
Deposit Interest Rate (%) 5.92 5.92 5.67 5.67 5.42
Composite PMI (points) 51.20 51.6 51.6 51.6 51.6
GDP (USD Billion) 26.33 27.44
GDP per Capita (USD) 1346.28 1403
GDP per Capita PPP (USD) 3716.04 3872
Full Year GDP Growth (%) 3.80 4.2
Unemployment Rate (%) 12.90 10.8
Population (Million) 22.31 23
Current Account to GDP (% of GDP) -1.00 0.8
Government Debt to GDP (% of GDP) 69.60 70
Government Budget (% of GDP) -3.80 -4

GDP Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Annual Growth Rate (%) 1.60 4.4 3.6 4.2 5
GDP Constant Prices (ZMW Million) 47284.14 45473 46124 49270 49648
GDP (USD Billion) 26.33 27.44
GDP per Capita (USD) 1346.28 1403
GDP per Capita PPP (USD) 3716.04 3872
Full Year GDP Growth (%) 3.80 4.2

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 6.80 7.5 7.1 6.8 5.6
Food Inflation (%) 7.30 8 7.1 6.7 5.8
CPI Transportation (points) 712.44 722 726 731 733
Inflation Rate MoM (%) 0.70 1.3 0.6 0.7 0.3
Consumer Price Index CPI (points) 555.18 562 566 580 582
CPI Housing Utilities (points) 560.89 575 574 587 589

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 13.25 13.25 13 13 12.75
Deposit Interest Rate (%) 5.92 5.92 5.67 5.67 5.42

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Composite PMI (points) 51.20 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) 22.31 23

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Current Account to GDP (% of GDP) -1.00 0.8

Government Actual Q2/26 Q3/26 Q4/26 Q1/27
Government Debt to GDP (% of GDP) 69.60 70
Government Budget (% of GDP) -3.80 -4