Markets Actual Q1/26 Q2/26 Q3/26 Q4/26
Currency 18.74 19.59 19.04 18.75 18.47
Government Bond 10Y 16.90 16.88 16.57 16.4 16.24

Overview Actual Q1/26 Q2/26 Q3/26 Q4/26
Currency 18.74 19.59 19.04 18.75 18.47
Government Bond 10Y 16.90 16.88 16.57 16.4 16.24
GDP Annual Growth Rate (%) 3.60 5.2 4.4 5.4 6.7
GDP Constant Prices (ZMW Million) 44453.00 41476 45409 46853 47431
Inflation Rate (%) 7.50 7.6 8 7.1 6.8
Food Inflation (%) 8.20 13.8 14 12.8 12
Consumer Price Index CPI (points) 548.23 554 565 566 580
CPI Housing Utilities (points) 555.92 554 578 574 587
CPI Transportation (points) 677.10 680 684 688 693
Inflation Rate MoM (%) 0.60 0.4 0.6 0.6 0.7
Interest Rate (%) 13.50 13.5 13.5 13 13
Deposit Interest Rate (%) 6.09 6.09 6.09 5.59 5.59
Composite PMI (points) 49.30 51.6 51.6 51.6 51.6
GDP (USD Billion) 26.33 28.02
GDP per Capita (USD) 1346.28 1432
GDP per Capita PPP (USD) 3716.04 3954
Full Year GDP Growth (%) 4.00 6.4
Unemployment Rate (%) 12.90 10.8
Population (Million) 19.70 21.3
Current Account to GDP (% of GDP) -1.00 -0.7
Government Debt to GDP (% of GDP) 69.60 70
Government Budget (% of GDP) -3.50 -4

GDP Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Annual Growth Rate (%) 3.60 5.2 4.4 5.4 6.7
GDP Constant Prices (ZMW Million) 44453.00 41476 45409 46853 47431
GDP (USD Billion) 26.33 28.02
GDP per Capita (USD) 1346.28 1432
GDP per Capita PPP (USD) 3716.04 3954
Full Year GDP Growth (%) 4.00 6.4

Prices Actual Q1/26 Q2/26 Q3/26 Q4/26
Inflation Rate (%) 7.50 7.6 8 7.1 6.8
Food Inflation (%) 8.20 13.8 14 12.8 12
Consumer Price Index CPI (points) 548.23 554 565 566 580
CPI Housing Utilities (points) 555.92 554 578 574 587
CPI Transportation (points) 677.10 680 684 688 693
Inflation Rate MoM (%) 0.60 0.4 0.6 0.6 0.7

Money Actual Q1/26 Q2/26 Q3/26 Q4/26
Interest Rate (%) 13.50 13.5 13.5 13 13
Deposit Interest Rate (%) 6.09 6.09 6.09 5.59 5.59

Business Actual Q1/26 Q2/26 Q3/26 Q4/26
Composite PMI (points) 49.30 51.6 51.6 51.6 51.6

Labour Actual Q1/26 Q2/26 Q3/26 Q4/26
Unemployment Rate (%) 12.90 10.8
Population (Million) 19.70 21.3

Trade Actual Q1/26 Q2/26 Q3/26 Q4/26
Current Account to GDP (% of GDP) -1.00 -0.7

Government Actual Q1/26 Q2/26 Q3/26 Q4/26
Government Debt to GDP (% of GDP) 69.60 70
Government Budget (% of GDP) -3.50 -4