The economy of Zambia shrank 2.1 percent year-on-year in th second quarter of 2020, following a 0.3 percent growth in the previous period. It was the first economic contraction since comparable data began in 2010, amid the impact of the gobal pandemic. Main negative contributions came from wholesale & retail trade (-18.3 percent); construction (-16.8 percent); accommodation & food (-30.4 percent); arts,entertainment & recreation (-84.2 percent) and manufacturing (-4.6 percent).
GDP Annual Growth Rate in Zambia averaged 3.53 percent from 1961 until 2020, reaching an all time high of 16.70 percent in the fourth quarter of 1965 and a record low of -8.60 percent in the fourth quarter of 1994. This page provides - Zambia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Zambia GDP Annual Growth Rate - values, historical data and charts - was last updated on October of 2020. source: Central Statistical Office, Zambia
GDP Annual Growth Rate in Zambia is expected to be -4.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Zambia to stand at 1.60 in 12 months time. In the long-term, the Zambia GDP Annual Growth Rate is projected to trend around 4.20 percent in 2021 and 4.60 percent in 2022, according to our econometric models.