The economy of Zambia advanced by 2.1% year-on-year in the fourth quarter of 2021, following a 3.5% expansion in the previous period. The GDP expanded by an estimated 3.6% in 2021 after a coronavirus-induced contraction of 3.1% in 2020, the worst in 26 years. source: Central Statistical Office, Zambia

GDP Annual Growth Rate in Zambia averaged 3.36 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 September of 2022.

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 3.60 percent in 2023 and 3.90 percent in 2024, according to our econometric models.

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Zambia GDP Annual Growth Rate



Related Last Previous Unit Reference
GDP Annual Growth Rate 2.10 3.50 percent Dec 2021
GDP Constant Prices 424269.00 354410.00 ZMW Million Dec 2021
GDP from Transport 1459.00 1678.50 ZMW Million Dec 2021
GDP from Services 6651.80 7268.60 ZMW Million Dec 2021
GDP from Public Administration 1683.70 1661.60 ZMW Million Dec 2021
GDP from Mining 3682.50 3561.70 ZMW Million Dec 2021
GDP from Manufacturing 2893.70 3010.80 ZMW Million Dec 2021
GDP from Construction 3922.10 4176.20 ZMW Million Dec 2021
GDP from Agriculture 2315.10 1707.40 ZMW Million Dec 2021

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
2.10 3.50 16.70 -8.60 1961 - 2021 percent Quarterly
2010=100, NSA