Zambia | Economic Forecasts | 2017-2020 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.


MARKETS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Currency 9.57 8.94 8.85 8.76 8.67 7.68 [+]
GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Annual Growth Rate 3.40 3.8 3.8 4.4 4.4 5 percent [+]
GDP 19.55 17.2 16.63 16.43 16.23 15.8 USD Billion [+]
GDP Constant Prices 216826.00 232099 238931 245096 251261 304639 ZMW THO [+]
GDP per capita 1622.40 1634 1632 1633 1634 1644 USD [+]
GDP per capita PPP 3636.10 3658 3643 3649 3655 3676 USD [+]
LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 13.30 14.02 14.07 14.23 14.4 15.34 percent [+]
Population 16.59 16.7 16.7 16.7 16.7 18.5 million [+]
Living Wage Family 4445.50 4551 4552 4552 4552 4552 ZMK/Month [+]
Living Wage Individual 2423.60 2467 2456 2462 2458 2460 ZMK/Month [+]
Wages High Skilled 6060.00 6116 6116 6117 6117 6117 ZMK/Month [+]
PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 6.30 6.3 6 5.7 5.7 4.1 percent [+]
Food Inflation 5.10 5.12 5.07 5.07 5.07 5.07 percent [+]
Inflation Rate Mom 0.10 0.46 0.7 0.75 0.76 0.77 percent [+]
CPI Transportation 202.46 203 203 203 203 203 Index Points [+]
Consumer Price Index Cpi 195.75 196 196 197 197 197 Index Points [+]
MONEY Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Interest Rate 11.00 11 10.5 10.5 10.5 12 percent [+]
Deposit Interest Rate 10.80 8.72 8.96 8.97 8.98 8.69 percent [+]
TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade 410.60 -551 -468 -489 -490 -488 ZMK Million [+]
Exports 6691.00 5866 5879 5882 5881 5881 ZMK Million [+]
Imports 6280.00 6325 6365 6326 6343 6339 ZMK Million [+]
Current Account -257.10 -197 -227 -228 -230 -227 USD Million [+]
Current Account to GDP -3.70 -3.5 -3.5 -3 -3 -1 percent [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
Foreign Direct Investment 505.30 351 383 401 407 400 USD Million [+]
External Debt 9208.80 8620 9156 8907 8659 2049 USD Million [+]
Capital Flows -192.80 -85.49 -318 -273 -173 -197 USD Million [+]
GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Debt to GDP 31.00 33 33 40 40 45 percent [+]
Government Budget -8.10 -4.76 -4.68 -4.74 -4.79 -6.1 percent of GDP [+]
Military Expenditure 292.10 334 327 323 319 260 USD Million [+]
Government Debt 6851.00 6734 6968 6884 6801 4737 USD Million [+]
BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Manufacturing Production 3.30 5.64 6.03 4.65 4.35 4.83 percent [+]
Mining Production 6.80 0.74 0.8 2.31 3.49 2.93 percent [+]
Industrial Production 4.20 2.87 2.84 2.83 2.82 2.82 percent [+]
Ease of Doing Business 98.00 98 99 99 99 99 [+]
Corruption Index 38.00 38 38 38 38 38 Points [+]
Corruption Rank 87.00 83 85 86 87 93 [+]
Competitiveness Index 3.60 3.86 3.86 3.49 3.37 3.4 Points [+]
Competitiveness Rank 118.00 107 107 119 123 117 [+]
Composite Pmi 51.80 51.37 51.34 51.34 51.34 51.34 [+]
TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Corporate Tax Rate 35.00 35 35 35 35 35 percent [+]
Personal Income Tax Rate 35.00 35 35 35 35 35 percent [+]
Sales Tax Rate 16.00 16 16 16 16 16 percent [+]
Social Security Rate 10.00 10 10 10 10 10 percent [+]
Social Security Rate For Companies 5.00 5 5 5 5 5 percent [+]
Social Security Rate For Employees 5.00 5 5 5 5 5 percent [+]