Markets Actual Q2 Q3 Q4 Q1 2020
Currency 12.26 12.28 12.42 12.56 12.7 12.99
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 4.10 3.2 3.2 3.2 3 3
Inflation Rate (%) 7.50 8.6 8.3 7.5 7.3 7
Interest Rate (%) 9.75 10.5 10.5 10.5 12 12
Balance of Trade (ZMK Million) -309.00 250 -610 -800 150 50
Current Account to GDP (%) -2.30 -3.5 -3.5 -3.5 -2.8 -2.8
Government Debt to GDP (%) 55.60 60 60 60 62 62
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 Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 4.10 3.2 3.2 3.2 3 3
GDP (USD Billion) 25.81 30.8 30.8 30.8 32 32
GDP Constant Prices (ZMW THO) 279441.00 253548 253548 288383 287824 297035
GDP per capita (USD) 1646.14 1512 1662 1662 1677 1677
GDP per capita PPP (USD) 3689.25 3389 3724 3724 3759 3759
Labour Actual Q2 Q3 Q4 Q1 2020
Wages High Skilled (ZMK/Month) 8810.00 8820 8816 8900 8900 9100
Wages Low Skilled (ZMK/Month) 1760.00 1520 1539 1850 1850 1900
Living Wage Family (ZMK/Month) 4090.00 4090 4090 4090 4090 5100
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 7.50 8.6 8.3 7.5 7.3 7
Food Inflation (%) 8.20 7.3 6.8 5.8 5.4 5
CPI Transportation (Index Points) 253.65 246 248 266 272 285
Consumer Price Index Cpi (Index Points) 223.29 228 230 233 240 250
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 9.75 10.5 10.5 10.5 12 12
Deposit Interest Rate (%) 7.61 7.35 7.35 7.35 7.35 7.35
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (ZMK Million) -309.00 250 -610 -800 150 50
Current Account to GDP (%) -2.30 -3.5 -3.5 -3.5 -2.8 -2.8
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 55.60 60 60 60 62 62
Government Budget (% of GDP) -6.10 -6.1 -6.1 -6.1 -6.1 -6.1
Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2020
Composite Pmi 48.10 48.5 47.4 48.8 49.7 48


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.