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FACTOID # 5: 41% world's poor people live in India.

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Africa > Zambia > Economy

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Aid as % of GDP	27.3%		[5th of 129]
Consumer price index	251.45 %		[7th of 165]
DEFINITION: Consumer price index reflects changes in the cost to the average consumer of acquiring a fixed basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. 2000 = 100		View time series
SOURCE: 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
Economic freedom	1.5		[127th of 156]
DEFINITION: Index of 'economic freedom', according to the American organisation 'The Heritage Foundation'. It is worth noting that such indices are based on highly culturally contingent factors. This data makes a number of assumptions about 'freedom' and the role of the government that are not accepted by much of the world's population. A broad discussion of The Heritage Foundation's definition and methodology can be found at http://www.heritage.org/research/features/index/ChapterPDFs/chapter5.HTML.
SOURCE: World Development Indicators database
Exports to US	$2,200,000.00		[158th of 224]
DEFINITION: in US dollars. Jan 2003 - March 2003
SOURCE: The Heritage Foundation
GDP > PPP	$9,706,000,000.00		[125th of 163]
DEFINITION: Purchasing Power Parity (PPP) in Millions of International Dollars, 2004.
SOURCE: US Census Bureau
GDP growth > annual %	5.2 annual %		[72nd of 187]
DEFINITION: Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2000 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.		View time series
SOURCE: World Bank. 2005. World Development Indicators 2005.
GDP per capita, PPP > current international $	1,022.7 PPP $		[150th of 169]
DEFINITION: GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars.		View time series
SOURCE: World Development Indicators database
GINI index	50.8		[4th of 40]
DEFINITION: Gini index measures the extent to which the distribution of income (or, in some cases, consumption expenditure) among individuals or households within an economy deviates from a perfectly equal distribution. A Lorenz curve plots the cumulative percentages of total income received against the cumulative number of recipients, starting with the poorest individual or household. The Gini index measures the area between the Lorenz curve and a hypothetical line of absolute equality, expressed as a percentage of the maximum area under the line. Thus a Gini index of 0 represents perfect equality, while an index of 100 implies perfect inequality.		View time series
SOURCE: World Development Indicators database
Gross National Income	$3,328,150,000.00		[116th of 172]
DEFINITION: GNI, Atlas method (current US$). GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and prop).
SOURCE: World Development Indicators database
Gross national income > constant LCU	2345754000000
DEFINITION: Gross national income is derived as the sum of GNP and the terms of trade adjustment. Data are in constant local currency.		View time series
Human Development Index	0.394		[167th of 178]
DEFINITION: The human development index values in this table were calculated using a consistent methodology and consistent data series. They are not strictly comparable with those in earlier Human Development Reports.
SOURCE: World Development Indicators database
Income category	Low income
DEFINITION: World Bank income categories are used
SOURCE: Human Development Report 2006, United Nations Development Programme
Income distribution > Poorest 10%	1.1%		[102nd of 114]
DEFINITION: Share of income or consumption (%). The distribution of income is typically more unequal than the distribution of consumption.
SOURCE:
Income distribution > Richest 10%	41%		[16th of 114]
DEFINITION: Share of income or consumption (%). The distribution of income is typically more unequal than the distribution of consumption.
SOURCE: World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC
Income distribution > Richest 20%	56.6%		[16th of 114]
DEFINITION: Share of income or consumption (%). The distribution of income is typically more unequal than the distribution of consumption.
SOURCE: World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC
Population under $1 a day	63.6		[4th of 59]
DEFINITION: Population below line - proportion receiving less than $1 per day in income (purchasing power parity). Data from most recent available between the period 1983 to 2000.
SOURCE: World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC
Poverty > Share of all poor people	0.58 % of world's poor		[21st of 80]
DEFINITION: The percentage of the world's total poor who live in each nation. 'Poor' here is defined as lving below the global poverty line of US$1 per day.
SOURCE: World Bank 2002b via backone.pdf
Stock exchange	Lusaka Stock Exchange
DEFINITION: The nation's major stock exchange.
SOURCE: Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling
Total reserves minus gold > current US$	559,788,500 $		[122nd of 178]
DEFINITION: Total reserves minus gold comprise special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. Gold holdings are excluded. Data are in current U.S. dollars.		View time series
SOURCE: Global Edge
Tourist arrivals by region of origin > Europe	121,712		[103rd of 195]
SOURCE: World Development Indicators database		View time series

... View all Economy stats

SOURCES: 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; World Development Indicators database; The Heritage Foundation; US Census Bureau; World Bank. 2005. World Development Indicators 2005.; ; 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; Global Edge; Source: World Tourism Organization Statistics Database and Yearbook | United Nations World Tourism Organization

ALTERNATIVE NAMES: Zambia, Republic of Zambia

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Economy (1712)
Environment (109)
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Geography (48)
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Health (190)
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Industry (39)
Immigration (19)
Labor (134)
Language (9)
Lifestyle (3)
Media (77)
Military (56)
Mortality (5)
People (266)
Religion (24)
Sports (26)
Taxation (42)
Terrorism (10)
Transportation (95)

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COMMENTARY

Mukonka Mudenda
21st April 2010

Zambia is not a poor nation,it is just the mismanagement of the resources by the Government which makes us poor.And alot of Zambians need to change their mind set of accepting being poor when we are not.We need a government in place which will make all of us work hard towards developing our nation with the vast resources we have.Not where only afew party cadres benefit.

Edria Murray
Staff Editor
28th April 2005

In response to Becky:

Deciding which country is the poorest depends on how you measure wealth. In terms of per capita GDP, which is the total value of goods and services produced. Zambia is the 30th poorest country (this statistic includes ten territories which have no GDP). As the prices of goods and services varies between countries PPP (Purchasing power parity) GDP measures should be used. Using this criteria the Democratic republic of Congo is the poorest country and Zambia is twelfth.

Other methods of determining poverty include:

The proportion of people living on less than $US1 per day. Using this criteria Gambia is the poorest country and Zambia is tenth. This measurement can be misleading as a rural peasant who owns a small piece of land and some animals eg 2 goats and 4 chickens may have little or no cash income but still have sufficient food and shelter.

The proportion of the population living below the poverty line. Using this criteria Zambia is the poorest country.

The amount of time a person needs to work to buy a loaf of bread

The proportion of children who are underweight.

The United Nations Human Development Index which measures many criteria including life expectency, literacy, access to healthcare services, access to sanitation and clean drinking water as well as GDP. Using this criteria Sierra Leone is the poorest country and Zambia is twentieth.

Any measure of wealth is incomplete on its own. To gain a balanced overview several of these measures should be consulted and compared. In conclusion, Zambia is one of the world's poorest countries, but it is difficult to define one country as the poorest.

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