FX reserves
$4.1B · 2024
↑ $1B since 2014
Zambia
On this page
Overview
-
Population
21.9M
people · 2025
-
GDP
$28.9B
current US$ · 2025
-
Inflation
6.10%
headline, % y/y · Sep 2026
-
Policy rate
13.25%
% · effective 12 May 2026
-
Official exchange rate
19.89
ZMW per US$1 · 7 Oct 2026, 13:30 UTC
-
USDT peer-to-peer rate parallel market
20.26
ZMW per US$1 · 8 Oct 2026, 07:35 UTC
Coverage: 39 of 40 annual indicators reported, latest years 2020–2026. Gaps read “not available” (source has no figure) or “not yet covered” (not yet collected), never zero.
Currencies & Rates
Official and market exchange rates, policy rates, government yields, bank rates, reserves and stock indices.
Exchange rates
| Series | Rate | As of | Source |
|---|---|---|---|
| Official rate | 19.89 | 7 Oct 2026, 13:30 UTC | BoZ |
| Parallel-market rate (USDT peer-to-peer median) parallel | 20.26 | 8 Oct 2026, 07:35 UTC | Binance P2P |
| Market premium% by which the market rate exceeds the official rate | +1.86% | — | How we measure |
Policy rate
| Instrument | Rate | Effective | Source |
|---|---|---|---|
| Monetary Policy Rate% per year · Bank of Zambia | 13.25% | 12 May 2026 | Bank of Zambia |
Checked 5 Oct 2026, 09:32 UTC
Government securities yields
% yield at the latest auction for each tenor. Tenors up to 364 days are Treasury bills; longer tenors are bonds. yield Source: BoZ
91-day
10.50%20 Aug 2026
182-day
10.95%20 Aug 2026
364-day
12.10%20 Aug 2026
Steep — 364-day above 91-day.
as of 20 Aug 2026
Annual indicators
| Indicator | Latest | Year | Change | Source | Data |
|---|---|---|---|---|---|
| FX reserves Current US$, total reserves including gold includes gold | $4.1B | 2024 | ↑ $1B since 2014 | World Bank | CSV Rank Compare |
| Lending rate % per year, average bank lending rate | 9.5% | 2020 | ↓ 2.1 pts since 2014 | World Bank | CSV Rank Compare |
| Deposit rate % per year, average bank deposit rate | 8.7% | 2020 | ↑ 0.8 pts since 2014 | World Bank | CSV Rank Compare |
Show trend charts (3)
Lending rate
9.5% · 2020
↓ 2.1 pts since 2014
Deposit rate
8.7% · 2020
↑ 0.8 pts since 2014
Economy & Prices
Output, growth, inflation, jobs, investment, the structure of the economy and minimum wages.
Inflation % change from a year earlier
Checked 5 Oct 2026, 06:04 UTC
Annual indicators
| Indicator | Latest | Year | Change | Source | Data |
|---|---|---|---|---|---|
| GDP Current US$ | $28.9B | 2025 | ↑ $1.7B since 2014 | World Bank | CSV Rank Compare |
| GDP growth % change, real (inflation-adjusted) | 3.8% | 2025 | ↓ 0.9 pts since 2014 | World Bank | CSV Rank Compare |
| GDP per capita (PPP) Current international $ per person, PPP | $4,379 | 2025 | ↑ $937.95 since 2014 | World Bank | CSV Rank Compare |
| GDP per capita growth % change per person, real | 0.9% | 2025 | ↓ 0.5 pts since 2014 | World Bank | CSV Rank Compare |
| Unemployment % of labour force ILO modeled estimate — national definitions differ | 5.9% | 2025 | ↓ 0.7 pts since 2014 | World Bank | CSV Rank Compare |
| Investment rate Gross fixed capital formation, % of GDP | 21.6% | 2024 | ↓ 9.4 pts since 2014 | World Bank | CSV Rank Compare |
| Agriculture share of GDP Agriculture value added, % of GDP | 4.1% | 2025 | ↓ 2.7 pts since 2014 | World Bank | CSV Rank Compare |
| Manufacturing share of GDP Manufacturing value added, % of GDP | 8.7% | 2025 | ↑ 1.9 pts since 2014 | World Bank | CSV Rank Compare |
| Services share of GDP Services value added, % of GDP | 57% | 2025 | ↑ 3.5 pts since 2014 | World Bank | CSV Rank Compare |
Show trend charts (9)
GDP
$28.9B · 2025
↑ $1.7B since 2014
GDP growth
3.8% · 2025
↓ 0.9 pts since 2014
GDP per capita (PPP)
$4,379 · 2025
↑ $937.95 since 2014
GDP per capita growth
0.9% · 2025
↓ 0.5 pts since 2014
Unemployment
5.9% · 2025
↓ 0.7 pts since 2014
Investment rate
21.6% · 2024
↓ 9.4 pts since 2014
Agriculture share of GDP
4.1% · 2025
↓ 2.7 pts since 2014
Manufacturing share of GDP
8.7% · 2025
↑ 1.9 pts since 2014
Services share of GDP
57% · 2025
↑ 3.5 pts since 2014
Public Finance & Debt
Government revenue, budget balance, public and external debt, debt service and sovereign credit ratings.
Sovereign credit ratings
No published sovereign rating recorded
Annual indicators
| Indicator | Latest | Year | Change | Source | Data |
|---|---|---|---|---|---|
| Government revenue / GDP General government revenue, % of GDP 2026 is an IMF projection (forecast) for the year in progress when fetched, not a reported outturn. | 24.8% | 2026 | ↑ 5.9 pts since 2014 | IMF DataMapper | CSV Rank Compare |
| Budget balance / GDP General government net lending/borrowing, % of GDP Latest 1–2 years are IMF estimates | -4.9% | 2026 | ↑ 0.6 pts since 2014 | IMF World Economic Outlook Oct 2025 | CSV Rank Compare |
| Debt to GDP General government gross debt, % of GDP Latest 1–2 years are IMF estimates | 86% | 2025 | ↑ 52.1 pts since 2014 | IMF World Economic Outlook Oct 2025 | CSV Rank Compare |
| Gross debt (national currency) General government gross debt, local currency Latest 1–2 years are IMF estimates | K624.1B | 2025 | ↑ K567.5B since 2014 | IMF World Economic Outlook Oct 2025 | CSV |
| External debt Total external debt stocks, current US$ | $28.1B | 2024 | ↑ $18.5B since 2014 | World Bank | CSV Rank Compare |
| Debt service / exports Total debt service, % of exports and primary income | 30.5% | 2024 | ↑ 26.5 pts since 2014 | World Bank | CSV Rank Compare |
Show trend charts (6)
Government revenue / GDP
24.8% · 2026
↑ 5.9 pts since 2014
Budget balance / GDP
-4.9% · 2026
↑ 0.6 pts since 2014
Debt to GDP
86% · 2025
↑ 52.1 pts since 2014
Gross debt (national currency)
K624.1B · 2025
↑ K567.5B since 2014
External debt
$28.1B · 2024
↑ $18.5B since 2014
Debt service / exports
30.5% · 2024
↑ 26.5 pts since 2014
Trade & Resources
Exports, imports, trade partners and products, investment and remittance flows, oil and commodities.
Trade profile
| Flow | Latest | Change |
|---|---|---|
| Exports | $12.7B · 2024 | ↑ $1.7B since 2014 |
| Imports | $12.1B · 2024 | ↑ $1.8B since 2014 |
| Balance derived | $688.7M · 2024 | ↓ $143.1M since 2014 |
Show trade trend charts (3)
Exports
$12.7B · 2024
↑ $1.7B since 2014
Imports
$12.1B · 2024
↑ $1.8B since 2014
Balance
$688.7M · 2024
↓ $143.1M since 2014
Top exports · 2024
Products
Show all 10 products
Partners
Show all 10 partners
Top imports · 2024
Products
Show all 10 products
Partners
Show all 10 partners
2025 filings are still arriving — this page updates as each country reports
Annual indicators
| Indicator | Latest | Year | Change | Source | Data |
|---|---|---|---|---|---|
| Exports of goods and services Goods and services, current US$ | $12.7B | 2024 | ↑ $1.7B since 2014 | World Bank | CSV Rank Compare |
| Exports per capita derived Current US$ per person (derived) | $598.01 | 2024 | ↓ $98.48 since 2014 | Derived from World Bank series on this page | CSV Rank Compare |
| Current account / GDP Current-account balance, % of GDP Latest 1–2 years are IMF estimates | 0.9% | 2026 | ↓ 1.2 pts since 2014 | IMF World Economic Outlook Oct 2025 | CSV Rank Compare |
| FDI inflows Foreign direct investment, net inflows, current US$ | $2.4B | 2024 | ↑ $851.6M since 2014 | World Bank | CSV Rank Compare |
| Remittances Personal remittances received, current US$ | $334.3M | 2024 | ↑ $276M since 2014 | World Bank | CSV Rank Compare |
| Terms of trade Net barter terms of trade, index (2015 = 100) | 126.40 | 2024 | ↑ 19.50 since 2014 | World Bank | CSV Rank Compare |
| Tourist arrivals International tourist arrivals per year | 502,000 | 2020 | ↓ 445,000 since 2014 | World Bank | CSV Rank Compare |
Show trend charts (7)
Exports of goods and services
$12.7B · 2024
↑ $1.7B since 2014
Exports per capita
$598.01 · 2024
↓ $98.48 since 2014
Current account / GDP
0.9% · 2026
↓ 1.2 pts since 2014
FDI inflows
$2.4B · 2024
↑ $851.6M since 2014
Remittances
$334.3M · 2024
↑ $276M since 2014
Terms of trade
126.40 · 2024
↑ 19.50 since 2014
Tourist arrivals
502,000 · 2020
↓ 445,000 since 2014
People & Society
Population, health, education, poverty and inequality, access to services and democracy.
| Indicator | Latest | Year | Change | Source | Data |
|---|---|---|---|---|---|
| Population People, total | 21.9M | 2025 | ↑ 6M since 2014 | World Bank | CSV Rank Compare |
| Median age Years | 17.5 years | 2023 | ↑ 1.5 years since 2014 | UN WPP 2024, via Our World in Data | CSV |
| Life expectancy Years at birth | 66.5 years | 2024 | ↑ 6.4 years since 2014 | World Bank | CSV Rank Compare |
| Child mortality Under-5 deaths per 1,000 live births | 48.4 per 1,000 | 2024 | ↓ 14.2 since 2014 | World Bank | CSV Rank Compare |
| Health expenditure Current health spending, % of GDP | 6% | 2023 | ↑ 2.1 pts since 2014 | World Bank | CSV Rank Compare |
| Physicians Per 1,000 people | 0.3 per 1,000 | 2022 | ↑ 0.2 since 2016 | World Bank | CSV Rank Compare |
| Adult literacy % of people aged 15 and over | 71.8% | 2024 | ↑ 0.6 pts since 2018 | World Bank | CSV Rank Compare |
| Poverty ($3/day) % of people below $3.00 a day (2021 PPP) | 71.7% | 2022 | ↑ 3.8 pts since 2015 | World Bank | CSV Rank Compare |
| National poverty line % of people below the national poverty line | 60% | 2022 | ↑ 5.6 pts since 2015 | World Bank | CSV |
| Gini index Income inequality, 0 (equal) to 100 | 51.50 | 2022 | ↓ 4.30 since 2015 | World Bank | CSV Rank Compare |
| Electricity access % of population | 53.6% | 2024 | ↑ 25.7 pts since 2014 | World Bank | CSV Rank Compare |
| Internet users % of population using the internet | 17.1% | 2024 | ↑ 10.6 pts since 2014 | World Bank | CSV Rank Compare |
| Account ownership % of people aged 15+ with an account Findex · every 3–4 years | 72.7% | 2024 | ↑ 37.1 pts since 2014 | World Bank | CSV Rank Compare |
| Electoral democracy V-Dem electoral democracy index, 0 to 1 | 0.50 | 2025 | ↑ 0.02 since 2014 | V-Dem Institute | CSV Rank Compare |
Not available for Zambia: Tertiary enrollment.
Show trend charts (14)
Population
21.9M · 2025
↑ 6M since 2014
Median age
17.5 years · 2023
↑ 1.5 years since 2014
Life expectancy
66.5 years · 2024
↑ 6.4 years since 2014
Child mortality
48.4 per 1,000 · 2024
↓ 14.2 since 2014
Health expenditure
6% · 2023
↑ 2.1 pts since 2014
Physicians
0.3 per 1,000 · 2022
↑ 0.2 since 2016
Adult literacy
71.8% · 2024
↑ 0.6 pts since 2018
Poverty ($3/day)
71.7% · 2022
↑ 3.8 pts since 2015
National poverty line
60% · 2022
↑ 5.6 pts since 2015
Gini index
51.50 · 2022
↓ 4.30 since 2015
Electricity access
53.6% · 2024
↑ 25.7 pts since 2014
Internet users
17.1% · 2024
↑ 10.6 pts since 2014
Account ownership
72.7% · 2024
↑ 37.1 pts since 2014
Electoral democracy
0.50 · 2025
↑ 0.02 since 2014
Downloads
Each indicator row above has its own CSV link. Every file starts with its source, source URL and page link. All downloads
- FX history (official, market, premium) (CSV)
- Official exchange rate, annual (CSV)
- Headline inflation, monthly (CSV)
- GDP (CSV)
- Debt to GDP (CSV)
- Population (CSV)