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Agriculture > products corn, sorghum, rice, peanuts, sunflower seed, vegetables, flowers, tobacco, cotton, sugarcane, cassava; cattle, goats, pigs, poultry, milk, eggs, hides; coffee |
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Aid as % of GDP
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27.3% |
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[5th of 129]
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Debt > External
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$2,596,000,000.00 |
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[111st of 136]
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Distribution of family income > Gini index
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50.8 |
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[3rd of 43]
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Economic freedom
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1.5 |
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[127th of 156]
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Economy > Overview Zambia's economy has experienced modest growth in recent years, with real GDP growth in 2005-07 between 5-6% per year. Privatization of government-owned copper mines in the 1990s relieved the government from covering mammoth losses generated by the industry and greatly improved the chances for copper mining to return to profitability and spur economic growth. Copper output has increased steadily since 2004, due to higher copper prices and foreign investment. In 2005, Zambia qualified for debt relief under the Highly Indebted Poor Country Initiative, consisting of approximately USD 6 billion in debt relief. Zambia experienced a bumper harvest in 2007, which helped to boost GDP and agricultural exports and contain inflation. Although poverty continues to be significant problem in Zambia, its economy has strengthened, featuring single-digit inflation, a relatively stable currency, decreasing interest rates, and increasing levels of trade. |
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Exports
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$4,594,000,000.00 |
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[102nd of 189]
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GDP
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$10,907,090,000.00 |
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[94th of 203]
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GDP > PPP
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$9,706,000,000.00 |
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[125th of 163]
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GDP > Real growth rate
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6% |
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[77th of 198]
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GDP growth > annual %
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5.2 annual %
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[72nd of 187]
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GINI index
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50.8
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[4th of 40]
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Gross National Income
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$3,328,150,000.00 |
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[116th of 172]
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Human Development Index
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0.394 |
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[167th of 178]
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Income category
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Low income |
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Income distribution > Poorest 10%
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1.1% |
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[102nd of 114]
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Income distribution > Richest 10%
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41% |
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[16th of 114]
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Population under $1 a day
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63.6 |
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[4th of 59]
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Poverty > Share of all poor people
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0.58 % of world's poor |
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[21st of 80]
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Public debt
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28.1 % of GDP |
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[74th of 121]
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... View all Economy stats
SOURCES: CIA World Factbook, 28 July 2005; calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; All CIA World Factbooks 18 December 2003 to 18 December 2008; The Heritage Foundation; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; ; World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; World Bank 2002b via backone.pdf; Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling
ALTERNATIVE NAMES:
Zambia, Republic of Zambia
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