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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 7.79 7.6 7.4 7.45 7.5 7.7 percent
Inflation Rate 8.10 8.4 7.5 7 6.5 5.8 percent
Interest Rate 9.75 9.75 9.75 9.75 9.75 12 percent
Balance of Trade -828.00 -887 -1254 -1237 -1235 -1237 ZMK Million
Government Debt to GDP 55.60 40 40 42 42 45 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 11.42
 10.27 10.37 10.46 10.56 10.95
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 4.10
percent		 4.5 4 4.2 3.8 5
GDP 25.81
USD Billion		 28.2 28.2 30.8 30.8 32
GDP Constant Prices 245686.00
ZMW THO		 225822 257970 256005 255022 283329
GDP per capita 1646.14
USD		 1552 1660 1512 1512 1684
GDP per capita PPP 3689.25
USD		 3705 3720 3389 3389 3774
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 7.79
percent		 7.6 7.4 7.45 7.5 7.7
Population 17.20
million		 17.3 17.3 18 18.17 18.5
Wages High Skilled 8810.00
ZMK/Month		 8900 8900 8900 8820 9100
Wages Low Skilled 1760.00
ZMK/Month		 1850 1850 1850 1520 1900
Living Wage Family 4090.00
ZMK/Month		 4090 4090 5100 4090 5100
Living Wage Individual 2230.00
ZMK/Month		 2230 2230 2230 2230 2230
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 8.10
percent		 8.4 7.5 7 6.5 5.8
Food Inflation 8.30
percent		 8.32 8.38 7.8 7.3 5
Inflation Rate Mom 0.30
percent		 0.51 0.69 0.73 0.74 0.74
Cpi Housing Utilities 231.41
Index Points		 233 236 239 243 278
CPI Transportation 227.39
Index Points		 219 229 238 241 256
Consumer Price Index Cpi 211.61
Index Points		 213 216 222 224 243
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 9.75
percent		 9.75 9.75 9.75 9.75 12
Deposit Interest Rate 8.80
percent		 8.8 8.8 8.8 8.8 11.05
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -828.00
ZMK Million		 -887 -1254 -1237 -1235 -1237
Exports 8049.00
ZMK Million		 7812 7746 7739 7738 7738
Imports 8877.00
ZMK Million		 8698 9016 8976 8973 8975
Current Account -139.20
USD Million		 -246 -232 -230 -235 -232
Current Account to GDP -2.30
percent		 -3 -3 -2 -2 -1
Terrorism Index 0.00
 0 0 0 0 0
Foreign Direct Investment 223.80
USD Million		 339 293 288 294 294
External Debt 8419.70
USD Million		 7439 7043 6998 6953 11287
Capital Flows -173.80
USD Million		 -274 -268 -236 -258 -259
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 55.60
percent		 40 40 42 42 45
Government Budget -6.10
percent of GDP		 -7.29 -7.54 -7.14 -6.74 -7.82
Military Expenditure 291.00
USD Million		 264 246 241 236 183
Government Debt 8790.30
USD Million		 9088 9729 9539 9348 7928
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Manufacturing Production 0.40
percent		 6.85 6.28 4.52 4.19 4.52
Internet Speed 2303.04
KBps		 2329 2240 2267 2308 2280
IP Addresses 248931.00
IP		 258813 257487 257535 258013 257880
Mining Production -1.40
percent		 2.66 3.57 1.43 1.54 1.7
Industrial Production 2.60
percent		 1.22 2.66 1.75 2.03 2.21
Ease of Doing Business 85.00
 89 86 86 85 85
Electricity Production 3701.86
Gigawatt-hour		 3665 3676 3642 3636 3650
Corruption Index 37.00
Points		 37 37 37 37 37
Corruption Rank 96.00
 96 99 101 103 112
Competitiveness Index 3.52
Points		 3.45 3.45 3.45 3.45 3.24
Competitiveness Rank 118.00
 119 119 118 118 118
Composite Pmi 51.90
 53.26 52.21 53.32 52.18 52.18
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 35.00
percent		 35 35 35 35 35
Personal Income Tax Rate 37.50
percent		 37.5 37.5 38 38 38
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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 164.83
mm		 1.28 117 192 78.63 83.44
Temperature 25.21
celsius		 19.89 23.71 22.37 21.98 21.82