Markets Actual Q1/23 Q2/23 Q3/23 Q4/23
Currency 18.91 19.22 19.54 19.86 20.18
Government Bond 10Y 30.19 30.5 30.82 31.15 31.47

Overview Actual Q1/23 Q2/23 Q3/23 Q4/23
GDP Annual Growth Rate (%) 5.30 3.5 3.7 3.8 4
Unemployment Rate (%) 13.00 14
Inflation Rate (%) 9.40 9.4 9 8.7 8.5
Interest Rate (%) 9.00 9.5 9.5 9.5 9.5
Current Account to GDP (% of GDP) 11.10 -3.7
Government Budget (% of GDP) -9.00 -7.7
Corporate Tax Rate (%) 30.00 30
Personal Income Tax Rate (%) 37.50 37.5
Government Debt to GDP (% of GDP) 123.17 113

GDP Actual Q1/23 Q2/23 Q3/23 Q4/23
GDP Annual Growth Rate (%) 5.30 3.5 3.7 3.8 4
GDP (USD Billion) 22.15 23.04
GDP Constant Prices (ZMW Million) 424269.00 441240
Full Year GDP Growth (%) 4.10 4
GDP per Capita (USD) 1257.93 1300

Labour Actual Q1/23 Q2/23 Q3/23 Q4/23
Unemployment Rate (%) 13.00 14

Prices Actual Q1/23 Q2/23 Q3/23 Q4/23
Inflation Rate (%) 9.40 9.4 9 8.7 8.5
Food Inflation (%) 11.60 10.8 9.7 9.3 8
Consumer Price Index CPI (points) 377.25 387 395 395 401
CPI Housing Utilities (points) 385.99 398 403 409 414
CPI Transportation (points) 455.53 459 463 466 468
Inflation Rate MoM (%) 2.10 0.7 1 0.6 0.5

Money Actual Q1/23 Q2/23 Q3/23 Q4/23
Interest Rate (%) 9.00 9.5 9.5 9.5 9.5
Deposit Interest Rate (%) 8.11 8.61 8.61 8.61 8.61
Foreign Exchange Reserves (USD Million) 2955.42 2670 2800

Trade Actual Q1/23 Q2/23 Q3/23 Q4/23
Current Account to GDP (% of GDP) 11.10 -3.7
External Debt (USD Million) 8174.10 18500

Government Actual Q1/23 Q2/23 Q3/23 Q4/23
Government Budget (% of GDP) -9.00 -7.7
Government Debt to GDP (% of GDP) 123.17 113

Taxes Actual Q1/23 Q2/23 Q3/23 Q4/23
Corporate Tax Rate (%) 30.00 30
Personal Income Tax Rate (%) 37.50 37.5
Sales Tax Rate (%) 16.00 16
Social Security Rate (%) 10.00 10
Social Security Rate For Companies (%) 5.00 5
Social Security Rate For Employees (%) 5.00 5

Business Actual Q1/23 Q2/23 Q3/23 Q4/23
Composite PMI (points) 48.30 50.7 51 51.5 52