Markets Actual Q4/26 Q1/27 Q2/27 Q3/27
Currency 20.27 20.16 19.78 19.51 19.25
Government Bond 10Y 14.75 14.68 14.51 14.39 14.27

Overview Actual Q4/26 Q1/27 Q2/27 Q3/27
Currency 20.27 20.16 19.78 19.51 19.25
Government Bond 10Y 14.75 14.68 14.51 14.39 14.27
GDP Annual Growth Rate (%) 7.20 6.3 5 4.7 4.5
GDP Constant Prices (ZMW Million) 47744.00 49934 46734 49988 49892
Inflation Rate (%) 6.30 6.8 7 6.9 6.7
Food Inflation (%) 5.70 5.6 5.3 4.7 4.5
Consumer Price Index CPI (points) 564.62 580 590 595 598
CPI Housing Utilities (points) 579.82 587 597 615 616
CPI Transportation (points) 703.88 709 711 714 716
Inflation Rate MoM (%) 0.70 0.7 0.3 0.4 0.3
Interest Rate (%) 10.75 10.75 10 10 9.5
Deposit Interest Rate (%) 5.99 5.99 5.24 5.24 4.74
Composite PMI (points) 48.40 50.9 51.1 51.5 51.1
GDP (USD Billion) 28.88 30.7
GDP per Capita (USD) 1355.78 1441
GDP per Capita PPP (USD) 3742.26 3978
Full Year GDP Growth (%) 5.40 6.3
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 Q4/26 Q1/27 Q2/27 Q3/27
GDP Annual Growth Rate (%) 7.20 6.3 5 4.7 4.5
GDP Constant Prices (ZMW Million) 47744.00 49934 46734 49988 49892
GDP (USD Billion) 28.88 30.7
GDP per Capita (USD) 1355.78 1441
GDP per Capita PPP (USD) 3742.26 3978
Full Year GDP Growth (%) 5.40 6.3

Prices Actual Q4/26 Q1/27 Q2/27 Q3/27
Inflation Rate (%) 6.30 6.8 7 6.9 6.7
Food Inflation (%) 5.70 5.6 5.3 4.7 4.5
Consumer Price Index CPI (points) 564.62 580 590 595 598
CPI Housing Utilities (points) 579.82 587 597 615 616
CPI Transportation (points) 703.88 709 711 714 716
Inflation Rate MoM (%) 0.70 0.7 0.3 0.4 0.3

Money Actual Q4/26 Q1/27 Q2/27 Q3/27
Interest Rate (%) 10.75 10.75 10 10 9.5
Deposit Interest Rate (%) 5.99 5.99 5.24 5.24 4.74

Business Actual Q4/26 Q1/27 Q2/27 Q3/27
Composite PMI (points) 48.40 50.9 51.1 51.5 51.1

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

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

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