The Gross Domestic Product (GDP) in Zambia expanded 0.70 percent in the first quarter of 2021 over the same quarter of the previous year. source: Central Statistical Office, Zambia

GDP Annual Growth Rate in Zambia averaged 3.31 percent from 1961 until 2021, 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 October of 2021.

GDP Annual Growth Rate in Zambia is expected to be 2.60 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 2.20 percent in 2022 and 2.60 percent in 2023, according to our econometric models.

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Zambia GDP Annual Growth Rate

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.

Zambia Last Unit Reference Previous Highest Lowest
GDP Annual Growth Rate 0.70 percent Mar/21 -2.70 16.70 -8.60
GDP Constant Prices 354410.00 ZMW THO Dec/20 297553.00 354410.00 2448.00
Gdp From Transport 1357.00 ZMK Million Mar/21 1295.00 1747.12 940.70
Gdp From Services 6278.00 ZMK Million Mar/21 6621.00 8392.00 3552.60
Gdp From Public Administration 1518.00 ZMK Million Mar/21 1502.00 1993.00 780.58
Gdp From Mining 3518.00 ZMK Million Mar/21 3904.00 3927.50 2657.60
Gdp From Manufacturing 2710.00 ZMK Million Mar/21 2780.00 3244.00 1690.01
Gdp From Construction 3156.00 ZMK Million Mar/21 3525.00 4073.00 2076.55
Gdp From Agriculture 3691.00 ZMK Million Mar/21 3105.00 3691.00 1323.00