Zambia recorded a Government Budget deficit equal to 7.30 percent of the country's Gross Domestic Product in 2019. source: Bank of Zambia

Government Budget in Zambia averaged -3 percent of GDP from 1998 until 2019, reaching an all time high of 18.30 percent of GDP in 2006 and a record low of -10.50 percent of GDP in 2016. This page provides - Zambia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Zambia Government Budget - values, historical data and charts - was last updated on February of 2021.

Government Budget in Zambia is expected to reach -11.70 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Zambia Government Budget is projected to trend around -9.30 percent of GDP in 2021 and -8.50 percent of GDP in 2022, according to our econometric models.

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Zambia Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-7.30 -7.60 18.30 -10.50 1998 - 2019 percent of GDP Yearly

Zambia Government Last Previous Highest Lowest Unit
Government Debt to GDP 91.90 77.20 277.53 28.80 percent [+]
Government Budget -7.30 -7.60 18.30 -10.50 percent of GDP [+]
Military Expenditure 386.00 340.00 436.00 91.00 USD Million [+]
Government Debt 11202.80 10047.80 11202.80 1106.50 USD Million [+]
Credit Rating 33.75 [+]


Zambia Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.