Zambia:
Economy

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Other pages in this profile of Zambia:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.


Economy - overview	Definition Zambia's economy has experienced modest growth in recent years, with real GDP growth in 2005-07 between 5-6% per year. Privatization of government-owned copper mines in the 1990s relieved the government from covering mammoth losses generated by the industry and greatly improved the chances for copper mining to return to profitability and spur economic growth. Copper output has increased steadily since 2004, due to higher copper prices and foreign investment. In 2005, Zambia qualified for debt relief under the Highly Indebted Poor Country Initiative, consisting of approximately USD 6 billion in debt relief. Zambia experienced a bumper harvest in 2007, which helped to boost GDP and agricultural exports and contain inflation. Although poverty continues to be significant problem in Zambia, its economy has strengthened, featuring single-digit inflation, a relatively stable currency, decreasing interest rates, and increasing levels of trade.
GDP (purchasing power parity)	Definition - World rank and map $15.92 billion (2007 est.)
GDP (official exchange rate)	Definition $11.16 billion (2007 est.)
GDP - real growth rate	Definition - World rank and map 5.3% (2007 est.)
GDP - per capita	Definition - World rank and map $1,300 (2007 est.)
GDP - composition by sector	Definition agriculture: 17.3% industry: 26.2% services: 56.5% (2007 est.)
Labor force	Definition 4.989 million (2007 est.)
Labor force - by occupation	Definition agriculture: 85% industry: 6% services: 9% (2004)
Unemployment rate	Definition - World rank and map 50% (2000 est.)
Population below poverty line	Definition 86% (1993)
Household income or consumption by percentage share	Definition lowest 10%: 1.2% highest 10%: 38.8% (2004)
Distribution of family income - Gini index	Definition - World rank and map 50.8 (2004)
Inflation rate (consumer prices)	Definition - World rank and map 10.7% (2007 est.)
Investment (gross fixed)	Definition - World rank and map 26% of GDP (2007 est.)
Budget	Definition revenues: $2.542 billion expenditures: $2.678 billion (2007 est.)
Public debt	Definition - World rank and map 28% of GDP (2007 est.)
Agriculture - products	Definition corn, sorghum, rice, peanuts, sunflower seed, vegetables, flowers, tobacco, cotton, sugarcane, cassava (tapioca), coffee; cattle, goats, pigs, poultry, milk, eggs, hides
Industries	Definition copper mining and processing, construction, foodstuffs, beverages, chemicals, textiles, fertilizer, horticulture
Industrial production growth rate	Definition - World rank and map 7.3% (2007 est.)
Electricity - production	Definition - World rank and map 8.85 billion kWh (2005)
Electricity - consumption	Definition - World rank and map 8.655 billion kWh (2005)
Electricity - consumption per capita	Definition - World rank and map 741.7 kWh (2005)
Electricity - exports	Definition 243 million kWh (2005)
Electricity - imports	Definition 465 million kWh (2005)
Oil - production	Definition - World rank and map 150 bbl/day (2005 est.)
Oil - consumption	Definition - World rank and map 14,000 bbl/day (2005 est.)
Oil - consumption per 1,000 people	Definition - World rank and map 1.2 bbl/day (2005 est.)
Oil - exports	Definition - World rank and map 169 bbl/day (2004)
Oil - imports	Definition - World rank and map 13,370 bbl/day (2004)
Oil - proved reserves	Definition - World rank and map NA
Natural gas - production	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption per capita	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - exports	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - imports	Definition - World rank and map 0 cu m (2005)
Natural gas - proved reserves	Definition - World rank and map 0 cu m (1 January 2006 est.)
Current account balance	Definition - World rank and map -$743 million (2007 est.)
Exports	Definition - World rank and map $4.348 billion f.o.b. (2007 est.)
Exports - commodities	Definition copper/cobalt 64%, cobalt, electricity; tobacco, flowers, cotton
Exports - partners	Definition Switzerland 34.1%, South Africa 20.4%, China 8.4%, Tanzania 6%, Italy 5.6%, Thailand 4.7% (2006)
Imports	Definition - World rank and map $3.622 billion f.o.b. (2007 est.)
Imports - commodities	Definition machinery, transportation equipment, petroleum products, electricity, fertilizer; foodstuffs, clothing
Imports - partners	Definition South Africa 48.2%, UAE 10.3%, Zimbabwe 5.8%, China 5.6% (2006)
Reserves of foreign exchange and gold	Definition - World rank and map $1.09 billion (31 December 2007 est.)
Debt - external	Definition - World rank and map $2.598 billion (31 December 2007 est.)
Stock of direct foreign investment - at home	Definition $NA
Stock of direct foreign investment - abroad	Definition $NA
Market value of publicly traded shares	Definition $4.5 billion (2007)
Economic aid - recipient	Definition $504 million (2007)
Currency (code)	Definition Zambian kwacha (ZMK)
Exchange rates	Definition Zambian kwacha per US dollar - 3,990.2 (2007), 3,601.5 (2006), 4,463.5 (2005), 4,778.9 (2004), 4,733.3 (2003)
Fiscal year	Definition calendar year

Zambia: Economy

Zambia:
Economy