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 July 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. Looking forward, we estimate GDP Annual Growth Rate in Zambia to stand at 2.30 in 12 months time. In the long-term, the Zambia GDP Annual Growth Rate is projected to trend around 2.70 percent in 2022 and 3.80 percent in 2023, according to our econometric models.

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Zambia GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.70 -2.70 16.70 -8.60 1961 - 2021 percent Quarterly
2010=100, NSA

Zambia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 0.70 -2.70 16.70 -8.60 percent [+]
GDP 19.32 23.31 28.04 0.69 USD Billion [+]
GDP Constant Prices 354410.00 297553.00 354410.00 2448.00 ZMW THO [+]
GDP per capita 1558.32 1653.83 1718.68 906.58 USD [+]
GDP per capita PPP 3270.04 3470.45 3521.54 1902.39 USD [+]
Gdp From Agriculture 3691.00 3105.10 3691.00 1323.00 ZMK Million [+]
Gdp From Construction 3156.00 3524.80 4073.00 2076.55 ZMK Million [+]
Gdp From Manufacturing 2710.00 2780.00 3244.00 1690.01 ZMK Million [+]
Gdp From Mining 3518.00 3904.00 3927.50 2657.60 ZMK Million [+]
Gdp From Public Administration 1518.00 1501.80 1993.00 780.58 ZMK Million [+]
Gdp From Services 6278.00 6621.00 8392.00 3552.60 ZMK Million [+]
Gdp From Transport 1357.00 1294.70 1747.12 940.70 ZMK Million [+]


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.