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ZM

Zambia

ZM · ZMB · #38 · 10 cities

Nomad score 47/100 Compare

Key indicators

GDP per capita (PPP) (2031)
$7,833
GDP (2031)
$60.5B
GDP growth (2031)
5.3% →
Inflation (2031)
7.0% →
Unemployment (2025)
5.9% ↑
Population (2031)
25.7M
Population growth (2031)
2.6% ↓
Gini index (2022)
51.5
Government debt (2025)
86.0% of GDP
Current account (2031)
1.4% of GDP
FDI inflows (2024)
$2.4B
Life expectancy (2024)
66.5 yrs
Health spending (2023)
6.0% of GDP
Internet users (2024)
17.1%
Mobile subscriptions (2024)
108.7/100
Trade openness (2024)
62.5% of GDP
Exchange rate (2025)
25.28/USD
Foreign reserves (2024)
$4.1B
Source: World Bank + IMF World Economic Outlook. Most recent data: 2031.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Government debt (2025)
86.0% of GDP
Current account (2031)
1.4% of GDP
FDI inflows (2024)
$2.4B

Income inequality (Gini)

Gini index (2022)
0.51
Assessment
Very high inequality
Source: World Bank PIP via OWID. 0 = perfect equality, 1 = maximum inequality.

Business environment

New business density (2024)
1.50/1k
Tax revenue (2024)
18.8% of GDP
Services sector (2025)
57.0% of GDP

Financial access and costs

ATMs per 100k (2024)
7.7
Bank branches per 100k (2024)
2.5
ICT service exports (2024)
1.8%
Goods and services tax (2024)
8.7%

Historical data

Historical economic data
Year GDP GDP/cap PPP Growth Inflation Unemp. Population Gini Debt Curr. acct FDI Life exp. Health Internet FX rate
2031 * $60.5B $7,833 5.3% 7.0% - 25.7M - - 1.4% - - - - -
2030 * $55.9B $6,915 5.3% 7.0% - 25.0M - - 2.2% - - - - -
2029 * $51.7B $6,587 5.3% 7.0% - 24.4M - - 2.2% - - - - -
2028 * $46.1B $6,301 5.1% 7.0% - 23.8M - - 2.1% - - - - -
2027 * $43.3B $5,873 4.7% 8.0% - 23.1M - - 1.9% - - - - -
2026 * $41.2B $5,154 4.3% 9.0% - 22.5M - - 0.9% - - - - -
2025 $28.9B $4,379 3.8% 13.9% 5.9% 21.9M - 86.0% -3.5% - - - - 25.28
2024 $25.3B $4,221 3.8% 15.0% 5.9% 21.3M - 125.2% -4.4% $2.4B 66.5 - 17.1% 26.17
2023 $27.6B $4,080 5.4% 10.9% 5.9% 20.7M - 129.1% -3.0% $641.1M 66.4 6.0% 16.5% 20.21
2022 $29.2B $3,840 5.2% 11.0% 6.0% 20.2M 51.5 99.5% 3.7% -$65.1M 65.3 5.2% 15.0% 16.94
2021 $22.1B $3,503 6.2% 22.0% 5.2% 19.6M - 111.0% 11.9% $394.2M 62.4 6.6% 14.8% 20.02
2020 $18.1B $3,157 -2.8% 15.7% 6.0% 19.1M - 140.0% 11.8% $245.2M 63.4 6.3% 14.7% 18.34
2019 $23.3B $3,361 1.4% 9.2% 5.5% 18.5M - 103.3% 0.5% $548.0M 62.9 6.8% 14.5% 12.89
2018 $26.3B $3,442 4.0% 7.5% 5.0% 18.0M - 81.2% -1.3% $408.4M 62.1 4.8% 14.3% 10.46
2017 $25.9B $3,392 3.5% 6.6% 4.5% 17.4M - 66.6% -1.7% $1.1B 61.6 4.8% 12.2% 9.52
2016 $21.0B $3,313 3.8% 17.9% 5.2% 16.9M - 61.2% -3.3% $662.8M 61.1 4.5% 10.3% 10.31
2015 $21.2B $3,337 2.9% 10.1% 6.0% 16.4M 55.8 61.9% -2.7% $1.6B 60.7 4.4% 8.8% 8.63
2014 $27.1B $3,441 4.7% 7.8% 6.6% 15.9M - 33.9% 2.1% $1.5B 60.1 3.8% 6.5% 6.15
2013 $28.0B $3,477 5.1% 7.0% 7.3% 15.4M - 25.9% -0.8% $2.1B 59.5 4.6% 4.8% 5.40
2012 $25.5B $3,324 7.6% 6.6% 7.9% 14.9M - 24.9% 4.9% $1.7B 58.7 4.1% 4.1% 5.15
2011 $23.5B $3,228 5.6% 8.7% 10.6% 14.4M - 20.8% 4.7% $1.1B 57.8 4.0% 3.5% 4.86
2010 $20.3B $3,098 10.3% 8.5% 13.2% 14.0M 52.0 18.9% 7.5% $1.7B 56.9 4.1% 3.0% 4.80
2009 $15.3B $2,872 9.2% 13.4% 10.6% 13.5M - 20.5% 6.0% $694.8M 55.9 5.2% 2.5% 5.05
2008 $17.9B $2,708 7.8% 12.4% 7.9% 13.0M - 19.2% -3.3% $938.6M 54.8 4.5% 2.2% 3.75
2007 $14.1B $2,555 8.4% 10.7% 10.6% 12.6M - 21.9% -1.2% $1.3B 53.7 4.6% 1.9% 4.00
2006 $12.8B $2,378 7.9% 9.0% 13.2% 12.1M 54.6 25.0% 4.6% $615.8M 52.7 5.6% 1.6% 3.60
2005 $8.3B $2,213 7.2% 18.3% 15.9% 11.7M - 75.7% -2.8% $356.9M 51.6 6.3% 1.3% 4.47
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

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