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Indicators of economy in Zambia

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Zambia reached 985 US dollars per inhabitant, or 18.11 bn US Dollar in the whole country. Zambia is one of the smaller economies and is currently ranked 116. If this is calculated per inhabitant taking into account the purchasing power parity, then Zambia is in the list of the world's richest countries in place 162.

Inflation in Zambia was in 2020 at around 15.73%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 72.8% lower.
The Corruption Perceptions Index for the public sector counts 33 and is compared to other countries bad.


Back to overview: Zambia

Impact of the Covid-19 pandemic in 2020

The consequences of the Covid pandemic in 2020 were considerable in Zambia. Overall, gross domestic product in 2020 fell from 23.31 billion US Dollar auf 18.11 billion US Dollar. With a large drop of 22.30 percent, the economy in Zambia has struggled significantly more than other countries. The unemployment rate rose from 12.5 to 12.8 percent. The consumer inflation rate has risen from 9.2% previously to 15.7% now.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Zambia
Total
Zambia
per capita
EU
Total
EU
per capita
GDP18.11 bn USD985.13 USD15,291.93 tn USD29,692.11 USD
Gross national product21.38 bn USD1,163.06 USD15,330.84 tn USD29,767.66 USD


Development of the Gross domestic product in billion US Dollar 1960 - 2020



Im- and Exports 2020

 Zambia
Total
Zambia
per capita
EU
Total
EU
per capita
Imports5.84 bn USD317.46 USD7,340.01 bn USD14,251.98 USD
Exports8.56 bn USD465.54 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in billion US dollars 1978 - 2020

Exports
Imports



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