The Gross Domestic Product (GDP) in Zambia expanded 2.20 percent in the second quarter of 2019 over the same quarter of the previous year. Zambia GDP Annual Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Annual Growth Rate in Zambia averaged 3.70 percent from 1961 until 2019, reaching an all time high of 16.70 percent in the fourth quarter of 1965 and a record low of -8.60 percent in the fourth quarter of 1994. This page provides - Zambia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Central Statistical Office, Zambia

GDP Annual Growth Rate in Zambia is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Zambia to stand at 2.30 in 12 months time. In the long-term, the Zambia GDP Annual Growth Rate is projected to trend around 2.60 percent in 2021 and 2.50 percent in 2022, according to our econometric models.

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Zambia GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.30 16.70 -8.60 1961 - 2019 percent Quarterly
2010=100, NSA

Zambia GDP Annual Growth Rate
Zambia is one of the poorest countries in the world with 60 percent of population living below poverty line. In recent years, Zambia’s economy has been growing rapidly due to expansion of copper mining industry and agriculture diversification. However, widespread poverty, mainly caused by fast population growth and systemic youth unemployment, remains Zambia’s main economic challenge.