Zambia Economic Fact Sheet

Economic

Economic (2015)
Nominal GDP (Market Prices): USD 16.96 Billion (PPP USD 21.15 billion)
GDP Growth: 3.2%
GDP Per Capita: USD 1,096.30 (PPP USD 3,640)

Stable Political & Social Environment

Global Competitiveness Index 2015–2016 out of 144 Countries: 96th -World/10th – Africa
2015 Mo Ibrahim’s Index of African Governance 52 Countries: 13th
2017 World Bank’s Ease of Doing Business out of 190 Countries: 98th –World/9th Africa/7th Sub Saharan Africa

Demographics

Demographics (2015)
Population: 15.5 Million
Urban: 41%
Rural: 59%
Population Growth: 2.94
Official Language: English

Trade

Trade (2015)
Export Value: USD 6.983 Billion
Import Value: USD 8.420 Billion
Trade Balance: (USD 1.438 Billion)

Top 20 Export Destinations

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

Top 20 Import Origins

  • South Africa
  • Congo, Democratic Republic of the
  • China
  • Mauritius
  • Kenya
  • Kuwait
  • India
  • Spain
  • United Kingdom
  • Japan
  • United Arab Emirates
  • Singapore
  • United States of America
  • Namibia
  • Zimbabwe
  • Switzerland
  • Hong Kong, China
  • Mozambique
  • Germany
  • Netherlands

Free Trade Agreements

SADC
Combined GDP: USD 700 Billion
Combined Population: 293 Million
Number of Countries: 15

COMESA
Combined GDP: USD 657.4 Billion (fastest growing economic region in 2014/2015)
Combined Population: 492.5 Million
Number of Countries: 19

COMESA-EAC-SADC Tripartite FTA

Combined GDP: USD 1.3 Trillion (58% of Africa’s GDP)
Combined Population: 632 Million
Number of Countries: 26