The economy of Zambia shrank 2.1 percent year-on-year in th second quarter of 2020, following a 0.3 percent growth in the previous period. It was the first economic contraction since comparable data began in 2010, amid the impact of the gobal pandemic. Main negative contributions came from wholesale & retail trade (-18.3 percent); construction (-16.8 percent); accommodation & food (-30.4 percent); arts,entertainment & recreation (-84.2 percent) and manufacturing (-4.6 percent). source: Central Statistical Office, Zambia

GDP Annual Growth Rate in Zambia averaged 3.53 percent from 1961 until 2020, 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. Zambia GDP Annual Growth Rate - values, historical data and charts - was last updated on November of 2020.

GDP Annual Growth Rate in Zambia is expected to be -4.20 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 1.60 in 12 months time. In the long-term, the Zambia GDP Annual Growth Rate is projected to trend around 3.00 percent in 2021 and 4.20 percent in 2022, according to our econometric models.

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Zambia GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-2.10 0.30 16.70 -8.60 1961 - 2020 percent Quarterly
2010=100, NSA

Zambia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -2.10 0.30 16.70 -8.60 percent [+]
GDP 23.06 27.01 28.05 0.69 USD Billion [+]
GDP Constant Prices 297553.00 279441.00 297553.00 2448.00 ZMW THO [+]
GDP per capita 1658.10 1678.20 1718.70 906.60 USD [+]
GDP per capita PPP 3479.50 3521.50 3521.50 1902.40 USD [+]
Gdp From Agriculture 2495.00 3222.00 3477.80 1323.00 ZMK Million [+]
Gdp From Construction 3098.00 3050.00 4073.00 2076.55 ZMK Million [+]
Gdp From Manufacturing 3096.00 2655.00 3244.00 1690.01 ZMK Million [+]
Gdp From Mining 3875.00 3598.00 3875.00 2657.60 ZMK Million [+]
Gdp From Public Administration 1993.00 1918.00 1993.00 780.58 ZMK Million [+]
Gdp From Services 5803.00 6212.00 8392.00 3552.60 ZMK Million [+]
Gdp From Transport 1271.00 1285.00 1747.12 940.70 ZMK Million [+]

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.