Markets Actual Q3/26 Q4/26 Q1/27 Q2/27
Currency 18.89 18.72 18.35 18.09 17.84
Government Bond 10Y 16.81 16.75 16.6 16.49 16.38

Overview Actual Q3/26 Q4/26 Q1/27 Q2/27
Currency 18.89 18.72 18.35 18.09 17.84
Government Bond 10Y 16.81 16.75 16.6 16.49 16.38
GDP Annual Growth Rate (%) 7.70 3.6 4.2 5 4.8
GDP Constant Prices (ZMW Million) 42430.00 46124 49506 44552 44467
Inflation Rate (%) 6.50 7.1 6.8 7.2 7.5
Food Inflation (%) 6.40 6 5.6 5.3 4.7
CPI Transportation (points) 663.33 667 671 673 676
Consumer Price Index CPI (points) 557.46 566 580 591 598
CPI Housing Utilities (points) 574.96 574 587 598 619
Inflation Rate MoM (%) 0.20 0.5 0.7 0.3 0.4
Interest Rate (%) 13.25 13 13 12.75 12.5
Deposit Interest Rate (%) 5.99 5.74 5.74 5.49 5.24
Composite PMI (points) 50.70 50 50.9 51.1 51.5
GDP (USD Billion) 28.88 30.09
GDP per Capita (USD) 1355.78 1413
GDP per Capita PPP (USD) 3742.26 3899
Full Year GDP Growth (%) 3.80 4.2
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 -2.7

GDP Actual Q3/26 Q4/26 Q1/27 Q2/27
GDP Annual Growth Rate (%) 7.70 3.6 4.2 5 4.8
GDP Constant Prices (ZMW Million) 42430.00 46124 49506 44552 44467
GDP (USD Billion) 28.88 30.09
GDP per Capita (USD) 1355.78 1413
GDP per Capita PPP (USD) 3742.26 3899
Full Year GDP Growth (%) 3.80 4.2

Prices Actual Q3/26 Q4/26 Q1/27 Q2/27
Inflation Rate (%) 6.50 7.1 6.8 7.2 7.5
Food Inflation (%) 6.40 6 5.6 5.3 4.7
CPI Transportation (points) 663.33 667 671 673 676
Consumer Price Index CPI (points) 557.46 566 580 591 598
CPI Housing Utilities (points) 574.96 574 587 598 619
Inflation Rate MoM (%) 0.20 0.5 0.7 0.3 0.4

Money Actual Q3/26 Q4/26 Q1/27 Q2/27
Interest Rate (%) 13.25 13 13 12.75 12.5
Deposit Interest Rate (%) 5.99 5.74 5.74 5.49 5.24

Business Actual Q3/26 Q4/26 Q1/27 Q2/27
Composite PMI (points) 50.70 50 50.9 51.1 51.5

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

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

Government Actual Q3/26 Q4/26 Q1/27 Q2/27
Government Debt to GDP (% of GDP) 60.90 70
Government Budget (% of GDP) -3.80 -2.7