Zambia recorded a Current Account deficit of 1.30 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Zambia averaged -6.94 percent from 1978 until 2018, reaching an all time high of 7.50 percent in 2010 and a record low of -20.90 percent in 1986.

Current Account to GDP in Zambia is expected to be -1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Zambia Current Account to GDP is projected to trend around -1.00 percent in 2020, according to our econometric models.

Zambia Current Account to GDP
Forecast Data Chart
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Zambia Trade Last Previous Highest Lowest Unit
Balance of Trade -451.90 -786.20 1484.00 -2678.00 ZMK Million [+]
Current Account -168.00 -246.40 654.30 -564.00 USD Million [+]
Current Account to GDP -1.30 -1.70 7.50 -20.90 percent [+]
Imports 8355.50 7581.60 9763.00 518.00 ZMK Million [+]
Exports 7903.60 6795.40 8916.00 271.00 ZMK Million [+]
Terrorism Index 0.66 0.00 2.23 0.00 [+]
Foreign Direct Investment 426.30 467.00 1335.70 -281.90 USD Million [+]
External Debt 9144.60 8261.10 9208.80 909.60 USD Million [+]
Capital Flows -229.90 -4.60 2111.20 -902.70 USD Million [+]

Zambia Current Account to GDP

The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Zambia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Zambia Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1.30 -1.70 7.50 -20.90 1978 - 2018 percent Yearly

Country Last Previous
Singapore 17.70 Dec/18
Netherlands 10.80 Dec/18
Switzerland 10.20 Dec/18
Saudi Arabia 9.20 Dec/18
Germany 7.30 Dec/18
Russia 7.00 Dec/18
South Korea 4.70 Dec/18
Japan 3.50 Dec/18
Euro Area 2.90 Dec/18
Italy 2.50 Dec/18
Spain 0.90 Dec/18
China 0.40 Dec/18
France -0.30 Dec/18
Brazil -0.77 Dec/18
Australia -1.50 Dec/18
Mexico -1.80 May/19
India -2.30 Dec/18
United States -2.40 Dec/18
Canada -2.60 Dec/18
Indonesia -3.00 Dec/18
Turkey -3.50 Dec/18
South Africa -3.60 Dec/18
United Kingdom -3.90 Dec/18
Argentina -5.40 Dec/18