Markets Actual Q3 Q4 Q1 Q2 2020
Currency 13.07 13.02 13.18 13.35 13.53 13.88
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 3.70 3.2 3.2 3 3 3
Inflation Rate (%) 8.80 8.3 9.5 9.8 11.3 12
Interest Rate (%) 10.25 10.25 10.25 10.5 10.5 10.5
Balance of Trade (ZMK Million) 501.10 -800 -730 650 300 -800
Current Account to GDP (%) -1.30 -1 -1 -1.1 -1.1 -1.1
Government Debt to GDP (%) 59.00 62 62 64 64 64
Government Budget (% of GDP) -7.60 -7.2 -7.2 -6.9 -6.9 -6.9
Corporate Tax Rate (%) 35.00 35 35 35 35 35
Personal Income Tax Rate (%) 37.50 37.5 37.5 37.5 37.5 37.5
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 3.70 3.2 3.2 3 3 3
GDP (USD Billion) 26.72 30.8 30.8 32 32 32
GDP Constant Prices (ZMW THO) 279441.00 254132 288383 287824 287824 297035
GDP per capita (USD) 1672.30 1690 1690 1740 1740 1740
GDP per capita PPP (USD) 3747.97 3389 3724 3724 3759 3759
Labour Actual Q3 Q4 Q1 Q2 2020
Living Wage Family (ZMK/Month) 4090.00 4090 4090 4090 4090 5100
Wages High Skilled (ZMK/Month) 8810.00 8820 8900 8900 8900 9100
Wages Low Skilled (ZMK/Month) 1760.00 1520 1850 1850 1850 1900
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 8.80 8.3 9.5 9.8 11.3 12
Food Inflation (%) 9.30 6.8 5.8 5.4 5.4 5
CPI Transportation (Index Points) 275.91 248 271 279 306 304
Consumer Price Index Cpi (Index Points) 229.48 230 238 245 254 266
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 10.25 10.25 10.25 10.5 10.5 10.5
Deposit Interest Rate (%) 8.20 8.33 8.33 8.58 8.58 8.58
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (ZMK Million) 501.10 -800 -730 650 300 -800
Current Account to GDP (%) -1.30 -1 -1 -1.1 -1.1 -1.1
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 59.00 62 62 64 64 64
Government Budget (% of GDP) -7.60 -7.2 -7.2 -6.9 -6.9 -6.9
Taxes Actual Q3 Q4 Q1 Q2 2020
Corporate Tax Rate (%) 35.00 35 35 35 35 35
Personal Income Tax Rate (%) 37.50 37.5 37.5 37.5 37.5 37.5
Sales Tax Rate (%) 16.00 16 16 16 16 16
Social Security Rate (%) 10.00 10 10 10 10 10
Social Security Rate For Companies (%) 5.00 5 5 5 5 5
Social Security Rate For Employees (%) 5.00 5 5 5 5 5
Business Actual Q3 Q4 Q1 Q2 2020
Composite Pmi 44.40 47.4 48.8 49.7 50 48


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.