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Indicators of economy in Zambia

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Zambia, on the other hand, reached USD 1,137 per capita, or 22.15 billion USD for the whole country. Zambia is one of the smaller economies and is currently ranked 113. If this is calculated per inhabitant, taking purchasing power parity into account, then Zambia ranks 160th in the list of the richest countries.

Inflation in Zambia in 2021 was around 22.02%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 68.3 percent lower.
The index for perceived corruption in the public sector is 33, which is below average by global standards.


Back to overview: Zambia

Impact of the COVID-19 pandemic

The consequences of the COVID pandemic in 2020 were considerable in Zambia. Overall, gross domestic product in 2020 fell from 23.31 billion US dollars to 18.11 billion US dollars. 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 percent previously to 15.7 percent now.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Zambia
Total
Zambia
per capita
EU
Total
EU
per capita
GDP22.15 bn USD1,137.34 USD17.177 tn USD33,384.92 USD
Gross national product20.15 bn USD1,034.71 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in billions of USD 1960 - 2021



Imports and Exports 2021

 Zambia
Total
Zambia
per capita
EU
Total
EU
per capita
Imports7.66 bn USD393.44 USD8.916 tn USD17,329.02 USD
Exports11.62 bn USD596.51 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 1978 - 2021

Exports
Imports



Zambia: AirportsLargest airports and airlines in ZambiaThe 6 biggest airports and 3 airlines in Zambia with further information and data with further information on airlines and destinations
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.
Alliance: ASEAN - Association of Southeast Asian NationsMembers of the ASEAN - Association of Southeast Asian NationsThe 10 members of the ASEAN trade agreement, listed with area and population (8.5% of world population)