Zambia Economic Fact Sheet

Economic

Economic (2017)

GDP                                         : USD 23.1 billion (2019)

GDP/Capita                              : USD 1291 (2019)

GDP (PPP)                              : USD 64.7 billion (2019)

GDP/Capita (PPP)                   : Int’l $ 3,623 (2019)

GDP Growth Rate                    : 1.7 (2019)

Stable Political & Social Environment

2019 World Bank’s Ease of Doing Business: 8th – Africa / 6th – Sub Saharan Africa

Demographics

Demographics (2019)

Population                  : 17.9 Million

Urban                         : 47.4%

Rural                          : 52.6%

Population Growth     : 2.9%

Official Language      : English

Trade

Trade (2018)

Export Value              : USD 10.00 Billion

Import Value              : USD 11.09 Billion

Trade Balance           : (USD 1.09 Billion)

Top 20 Export Destinations

  • Switzerland
  • China
  • Congo, Democratic Republic of the
  • Singapore
  • South Africa
  • United Arab Emirates
  • United Kingdom
  • India
  • Hong Kong, China
  • Zimbabwe
  • Malawi
  • Tanzania, United Republic of
  • Kenya
  • Luxembourg
  • Rwanda
  • Japan
  • Botswana
  • Burundi
  • Namibia
  • Mozambique

Top 20 Import Origins

  • South Africa
  • Congo, Democratic Republic of the
  • China
  • Kuwait
  • United Arab Emirates
  • India
  • Mauritius
  • Mozambique
  • Tanzania, United Republic of
  • United Kingdom
  • Japan
  • Namibia
  • United States of America
  • Zimbabwe
  • Germany
  • Netherlands
  • Belgium
  • Sweden
  • Australia
  • Hong Kong, China

Free Trade Agreements

SADC (2018)

Combined GDP                     : USD 721.3 Billion

Combined Population            : 345 Million

Number of Countries             : 16

 

COMESA (2018)

Combined GDP                      : USD 934.4 Billion

Combined Population            : 569.3 Million

Number of Countries             : 21

 

COMESA-EAC-SADC Tripartite FTA (2018)

Combined GDP                      : USD 1.30 Trillion

Combined Population            : 740 Million

Number of Countries             : 26

 

African Continental Free Trade Area (2018)

Combined GDP                      : USD 2.5 Trillion

Combined Population             : 1.2 billion

Number of Countries              : 55