Zambia

Zambia’s economy has experienced strong growth in recent years, with real GDP growth in 2005-08 about 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. Poverty remains a significant problem in Zambia, despite a stronger economy. Declining world commodity prices and demand slowed GDP growth in 2008, but a sharp rebound in copper prices and a bumper maize crop helped Zambia recover. Lack of economic diversity subjects Zambia to fluctuations in copper prices and in the weather.

$20.03 billion (2010 est.)

$18.72 billion (2009 est.)

$17.61 billion (2008 est.)

$15.69 billion (2010 est.)

7% (2010 est.)

6.3% (2009 est.)

5.7% (2008 est.)

$1,500 (2010 est.)

$1,400 (2009 est.)

$1,400 (2008 est.)

5.524 million (2010 est.)

50% (2000 est.)

86% (1993)

50.8 (2004)

52.6 (1998)

20.5% of GDP (2010 est.)

24.1% of GDP (2010 est.)

25.9% of GDP (2009 est.)

8.5% (2010 est.)

13.4% (2009 est.)

8.39% (31 December 2009)

14.49% (31 December 2008)

22.06% (31 December 2009 est.)

19.06% (31 December 2008 est.)

$1.234 billion (31 December 2010 est)

$983.3 million (31 December 2009 est)

$3.573 billion (31 December 2010 est.)

$2.744 billion (31 December 2009 est.)

$2.992 billion (31 December 2010 est.)

$2.373 billion (31 December 2009 est.)

$NA (31 December 2008)

$2.346 billion (31 December 2007)

$1.186 billion (31 December 2006)

corn, sorghum, rice, peanuts, sunflower seed, vegetables, flowers, tobacco, cotton, sugarcane, cassava (tapioca), coffee; cattle, goats, pigs, poultry, milk, eggs, hides

copper mining and processing, construction, foodstuffs, beverages, chemicals, textiles, fertilizer, horticulture

12.1% (2010 est.)

9.752 billion kWh (2007 est.)

8.838 billion kWh (2007 est.)

268 million kWh (2007)

222 million kWh (2008 est.)

160 bbl/day (2009 est.)

16,000 bbl/day (2009 est.)

275 bbl/day (2007 est.)

14,730 bbl/day (2007 est.)

0 bbl (1 January 2010 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (1 January 2010 est.)

-$99 million (2010 est.)

-$174 million (2009 est.)

$6.463 billion (2010 est.)

$4.203 billion (2009 est.)

copper/cobalt 64%, cobalt, electricity; tobacco, flowers, cotton

China 21.37%, Saudi Arabia 8.93%, Democratic Republic of the Congo 8.55%, South Korea 8.32%, Egypt 8.08%, South Africa 6.96%, India 5% (2009)

$4.949 billion (2010 est.)

$3.735 billion (2009 est.)

machinery, transportation equipment, petroleum products, electricity, fertilizer; foodstuffs, clothing

South Africa 51.78%, UAE 7.7%, China 5.85%, Democratic Republic of the Congo 4.22% (2009)

$2.287 billion (31 December 2010 est.)

$1.892 billion (31 December 2009 est.)

$3.495 billion (31 December 2010 est.)

$3.091 billion (31 December 2009 est.)

$NA

$NA

Zambian kwacha (ZMK) per US dollar - 4,823.6 (2010), 5,046.1 (2009), 3,512.9 (2008), 3,990.2 (2007), 3,601.5 (2006)