Zambia's economic growth slowed to 5.1% year-on-year in the third quarter of 2023, from an expansion of 5.7% in the previous quarter. The slowdown was particularly notable in information & communication (19.6% vs 25.6% in Q2), education (15.1% vs 24.5%), accommodation & food service activities (10.6% vs 21.9%), and transportation & storage (3.1% vs 19.5%). Additionally, declines were observed in the output for agriculture, forestry & fishing (-7.9% vs -7%), administrative & support service activities (-6.2% vs -7%), and wholesale & retail trade (-0.5% vs -4.2%). source: Central Statistical Office, Zambia

The Gross Domestic Product (GDP) in Zambia expanded 5.10 percent in the third quarter of 2023 over the same quarter of the previous year. GDP Annual Growth Rate in Zambia averaged 3.59 percent from 1961 until 2023, 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 February of 2024.

The Gross Domestic Product (GDP) in Zambia expanded 5.10 percent in the third quarter of 2023 over the same quarter of the previous year. GDP Annual Growth Rate in Zambia is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Zambia GDP Annual Growth Rate is projected to trend around 4.30 percent in 2025, according to our econometric models.

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Zambia GDP Annual Growth Rate


Related Last Previous Unit Reference
GDP Annual Growth Rate 5.10 5.70 percent Sep 2023
GDP Constant Prices 504477.00 443362.00 ZMW Million Dec 2022
GDP from Transport 2138.50 2053.50 ZMW Million Sep 2023
GDP from Services 7346.50 6251.30 ZMW Million Sep 2023
GDP from Public Administration 1812.50 1792.50 ZMW Million Sep 2023
GDP from Mining 3728.50 3351.60 ZMW Million Sep 2023
GDP from Manufacturing 3431.90 4263.20 ZMW Million Sep 2023
GDP from Construction 4227.90 3704.70 ZMW Million Sep 2023
GDP from Agriculture 1573.70 2375.80 ZMW Million Sep 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
5.10 5.70 16.70 -8.60 1961 - 2023 percent Quarterly
NSA, Constant 2010 Prices