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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 2021 was at about 12.259 USD per capita. GDP in Zambia, on the other hand, reached USD 1.121 per capita, or 21.20 billion USD in the whole country. Zambia is one of the smaller economies and is currently ranked 113. 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 150.

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

Compared with the USA, prices for daily consumer goods are around 68.3% 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

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 2021

 Zambia
Total
Zambia
per capita
EU
Total
EU
per capita
GDP21.20 bn USD1,120.63 USD17.09 tn USD33,228.68 USD
Gross national product19.64 bn USD1,038.20 USD16.78 tn USD32,621.03 USD


Development of the Gross domestic product in billion US Dollar 1960 - 2021



Im- and Exports 2021

 Zambia
Total
Zambia
per capita
EU
Total
EU
per capita
Imports7.66 bn USD404.93 USD8,916.24 bn USD17,337.55 USD
Exports11.62 bn USD613.93 USD9,554.34 bn USD18,578.33 USD


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

Exports
Imports



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