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ECON FACTBOOK

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Economy of Zambia

Population: 15 million in 20131

GDP: $22 billion in 20132

GDP per capita: $1,845 nominal3 ($3,181 PPP4) in 2013

GDP growth rate: 6.7% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities4,64824.0%
Construction4,28222.1%
Agriculture, hunting, forestry, fishing3,72319.2%
Wholesale, retail trade, restaurants and hotels3,13416.2%
Manufacturing1,6048.3%
Mining and utilities1,2466.4%
Transport, storage and communication7363.8%
Total value added19,373100%

Employment

Unemployment rate: 13.3% in 20137

Employment by Industry 20048

Employment sectorPercent of total
Agriculture85%
Services9%
Industry6%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $22 billion (100% of GDP) in 201410

Household Wealth per Adult: $1,570 in 201410

Gini Coefficient: .575 in 201011

Government

Central Government

Central Government Revenue: $4.8 billion (22% of GDP) in 201312

Central Government Expenditure: $6.7 billion (30% of GDP) in 201312

Central Government Budget Balance: -$1.9 billion (-8% of GDP) in 201312

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: 8.63% in Apr 201413

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2014* 14

Corporate Tax Rate: 35% in 201415

* Individual thresholds calculated using the exchange rate 6.61 ZMW = 1 USD

Monetary Policy

Money Supply (M1): $2.8 billion (13% of GDP) in 201316

Benchmark Interest Rate: 9.75% in Jan 201417

Total Reserves: $2.0 billion (9% of GDP) in 201318

Exchange Rate: 6.61 Zambian Kwacha = 1 U.S. Dollar on Feb 10, 201519

Inflation: 7.0% in 201320

Financial Institutions

Top 10 Financial Institutions by Assets 201321

N/A (data not available at Relbanks.com)

International Accounts

Exports: $8.5 billion (38% of GDP) in 201322

Imports: $8.2 billion (37% of GDP) in 201322

Trade Balance: +$0.3 billion (+1% of GDP) in 201322

Foreign Direct Investment Inflow: $1.8 billion (8% of GDP) in 201323

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $958 million (4% of GDP) in 201224

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: World Bank Indicators (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Lusaka Times (Government bond yield) Go back
14. Source: KPMG Fiscal Guide (Individual tax rates) Go back
15. Source: Tax Foundation (Corporate tax rate) Go back
16. Source: World Bank Indicators (Money supply) Go back
17. Source: Reuters (Benchmark interest rate) Go back
18. Source: World Bank Indicators (Total reserves) Go back
19. Source: xe.com (Exchange rate) Go back
20. Source: World Bank Indicators (Inflation rate) Go back
21. Source: Relbanks.com (Financial institutions by assets) Go back
22. Source: CIA World Factbook (Trade data) Go back
23. Source: World Bank Indicators (FDI data) Go back
24. Source: World Bank Indicators (Aid data) Go back