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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 7.79 8.55 8.52 8.5 8.75 11.3 percent
Inflation Rate 7.40 8 8.2 6.1 6.2 5.8 percent
Interest Rate 9.75 9.75 9.75 9.75 9.75 12 percent
Balance of Trade 632.00 639 586 638 624 629 ZMK Million
Government Debt to GDP 55.60 40 40 40 42 45 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 10.12
 9.59 9.84 10.09 10.35 11.46
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 4.10
percent		 4.4 4.5 5 5.7 5
GDP 19.55
USD Billion		 20 19.6 19.2 18.4 18.1
GDP Constant Prices 245686.00
ZMW THO		 226366 226583 240178 229185 263788
GDP per capita 1622.40
USD		 1612 1552 1607 1512 1467
GDP per capita PPP 3636.10
USD		 3612 3607 3602 3389 3288
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 7.79
percent		 8.55 8.52 8.5 8.75 11.3
Population 17.20
million		 17.3 17.3 17.3 16.57 18.5
Wages High Skilled 8810.00
ZMK/Month		 8900 8900 8900 9100 9100
Wages Low Skilled 1760.00
ZMK/Month		 1850 1850 1850 1850 1900
Living Wage Family 4090.00
ZMK/Month		 4090 4090 4090 5100 5100
Living Wage Individual 2230.00
ZMK/Month		 2230 2230 2230 2230 2230
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 7.40
percent		 8 8.2 6.1 6.2 5.8
Food Inflation 6.50
percent		 6.6 7.11 7.12 6.2 5
Inflation Rate Mom 0.60
percent		 0.8 0.76 0.74 0.74 0.74
CPI Transportation 222.84
Index Points		 224 218 226 236 253
Consumer Price Index Cpi 208.93
Index Points		 211 212 213 220 239
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 9.75
percent		 9.75 9.75 9.75 9.75 12
Deposit Interest Rate 8.80
percent		 11.64 12.11 12.58 12.93 17.13
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade 632.00
ZMK Million		 639 586 638 624 629
Exports 8664.00
ZMK Million		 8541 8537 8552 8553 8552
Imports 8032.00
ZMK Million		 7902 7951 7906 7929 7923
Current Account -18.50
USD Million		 -67.26 -59.05 -59.09 -51.8 -28.38
Current Account to GDP -3.70
percent		 -3 -3 -3 -2 -1
Terrorism Index 0.00
 0 0 0 0 0
Foreign Direct Investment 327.30
USD Million		 312 307 298 281 235
External Debt 9208.80
USD Million		 8742 8501 8260 7673 1763
Capital Flows -4.40
USD Million		 103 112 47.69 62.88 109
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 55.60
percent		 40 40 40 42 45
Government Budget -6.10
percent of GDP		 -3.28 -3.34 -3.41 -3.35 -1.45
Military Expenditure 291.00
USD Million		 363 349 335 322 247
Government Debt 6851.00
USD Million		 6694 6576 6458 6475 3606
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Manufacturing Production 0.40
percent		 5.92 6.85 6.28 4.52 4.52
Internet Speed 2303.04
KBps		 2276 2329 2240 2267 2280
IP Addresses 248931.00
IP		 258219 258813 257487 257535 257880
Mining Production -1.40
percent		 1.83 2.66 3.57 1.43 1.7
Industrial Production 2.60
percent		 1.29 1.22 2.66 1.75 2.21
Ease of Doing Business 85.00
 85 84 82 83 92
Corruption Index 37.00
Points		 36 36 36 35 32
Corruption Rank 96.00
 92 94 97 99 104
Competitiveness Index 3.52
Points		 3.45 3.45 3.45 3.45 3.24
Competitiveness Rank 118.00
 120 120 120 121 110
Composite Pmi 51.20
 48.94 54.3 50.59 48.65 50.57
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Corporate Tax Rate 35.00
percent		 35 35 35 35 35
Personal Income Tax Rate 37.50
percent		 37.5 37.5 37.5 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 164.83
mm		 16.61 1.28 117 192 83.44
Temperature 25.21
celsius		 19.46 19.89 23.71 22.37 21.82