Markets Actual Q1 Q2 Q3 Q4 2020
Currency 11.88 12.09 12.24 12.38 12.53 12.83
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 4.10 4.2 3.8 3.4 4.6 5
Inflation Rate (%) 7.90 8.7 8.9 8.3 7.5 6.5
Interest Rate (%) 9.75 9.75 10.5 10.5 10.5 12
Balance of Trade (ZMK Million) -1759.00 -1851 -1911 -1888 -1896 -1894
Current Account to GDP (%) -2.30 -2 -2 -2 -2 -1
Government Debt to GDP (%) 55.60 42 42 42 42 45
Government Budget (% of GDP) -6.10 -6.1 -6.1 -6.1 -6.1 -6.1
Corporate Tax Rate (%) 35.00 35 35 35 35 35
Personal Income Tax Rate (%) 37.50 37.5 37.5 37.5 37.5 37.5
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 4.10 4.2 3.8 3.4 4.6 5
GDP (USD Billion) 25.81 30.8 30.8 30.8 30.8 32
GDP Constant Prices (ZMW THO) 245686.00 256005 255022 254039 256988 269837
GDP per capita (USD) 1646.14 1512 1512 1662 1662 1677
GDP per capita PPP (USD) 3689.25 3389 3389 3724 3724 3759
Labour Actual Q1 Q2 Q3 Q4 2020
Wages High Skilled (ZMK/Month) 8810.00 8900 8820 8816 8900 9100
Wages Low Skilled (ZMK/Month) 1760.00 1850 1520 1539 1850 1900
Living Wage Family (ZMK/Month) 4090.00 5100 4090 4090 4090 5100
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 7.90 8.7 8.9 8.3 7.5 6.5
Food Inflation (%) 8.10 7.8 7.3 6.8 5.8 5
CPI Transportation (Index Points) 247.74 242 246 248 266 284
Consumer Price Index Cpi (Index Points) 217.07 226 229 230 233 249
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 9.75 9.75 10.5 10.5 10.5 12
Deposit Interest Rate (%) 7.17 6.6 7.35 7.35 7.35 7.35
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (ZMK Million) -1759.00 -1851 -1911 -1888 -1896 -1894
Current Account to GDP (%) -2.30 -2 -2 -2 -2 -1
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 55.60 42 42 42 42 45
Government Budget (% of GDP) -6.10 -6.1 -6.1 -6.1 -6.1 -6.1
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 35.00 35 35 35 35 35
Personal Income Tax Rate (%) 37.50 37.5 37.5 37.5 37.5 37.5
Sales Tax Rate (%) 16.00 16 16 16 16 16
Social Security Rate (%) 10.00 10 10 10 10 10
Social Security Rate For Companies (%) 5.00 5 5 5 5 5
Social Security Rate For Employees (%) 5.00 5 5 5 5 5
Business Actual Q1 Q2 Q3 Q4 2020
Composite Pmi 47.80 42.18 41.5 42.17 41.54 41.61


This page has economic forecasts for Zambia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Zambia economy.