Worlddata.info

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 12,183 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 2022 was around 10.99%. Within the EU, the average in the same year was 9.22 percent. In the United States, it was most recently 8.00%.

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 5.5 to 6.0 percent. The consumer inflation rate has risen from 9.2 percent previously to 15.7 percent now.

In 2021, there was already a recovery and the gross domestic product increased to 22.15 billion US dollars (=95.0% of 2019).

Income and purchasing power

The average monthly income in Zambia is 86 US Dollar per capita. In the USA, the figure is 5,911 US Dollar. However, the prices of consumer goods are also around 61.6 percent lower than in the USA. If you compare income and price levels, the result is a more expensive life in Zambia than in the United States. The bottom line is that the costs do not offset the lower income, and you get about 96.2 percent less.

However, it is also important to remember that this is a purely statistical model. Both the labor output and the type and quality of the goods received always correspond to the national average on both sides of the equation - so they do not necessarily have to match. Here you can also find an international comparison of cost of living and purchasing power.

Unemployment rates in percentages 1991 - 2022

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


In the Global Innovation Index, Zambia ranked 118th in 2022 with 15.8 points. The index is calculated annually by the World Intellectual Property Organization (WIPO) and most recently included 132 countries. The top country was Switzerland with 64.6 points.

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


› Debt budget development
› Development of inflation
› Corruption in Zambia
› Cost of living in a global comparison


Imports and Exports 2022

 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 - 2022

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.
Japan: Public HolidaysPublic holidays in Japan 2023-2027Statutory and inofficial holidays in Japan for 2023 to 2027