less than 1, total subscriptions: 20 million (2021 est. The GDP per Capita, in Zambia, when adjusted by Purchasing Power Parity is equivalent to 19 percent of the world's average. The election in 2001 was marked by administrative problems, with three parties filing a legal petition challenging the election of ruling party candidate Levy MWANAWASA. Profit from the additional features of your individual account. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Copyright 2021 The Author(s). Statista. )-2.79% (2020 est. World Bank national accounts data, and OECD National Accounts data files. ", IMF, Zambia: Gross domestic product (GDP) per capita in current prices from 1988 to 2028 (in U.S. dollars) Statista, https://www.statista.com/statistics/457693/gross-domestic-product-gdp-per-capita-in-zambia/ (last visited July 09, 2023), Zambia: Gross domestic product (GDP) per capita in current prices from 1988 to 2028 (in U.S. dollars) [Graph], IMF, April 7, 2023. The Trading Economics Application Programming Interface (API) provides direct access to our data. GDP is expressed in current U.S. dollars per person. Despite attaining middle-income states in 2010, Zambia's GDP per capita growth rate is below the average for lower-middle-income countries in the world. Filter 0 Zambia gdp per capita for 2019 was $1,268, a 14.04% decline from 2018. Data source: World Economics Research, London, NEW ESTIMATES FOR GROSS DOMESTIC PRODUCT IN PPP INT$ ADJUSTED FOR BASE YEAR AND INFORMAL ECONOMY. Learn more about how Statista can support your business. API users can feed a custom application. GDP per capita, PPP (current international $) International Comparison Program & Purchasing Power Parity. Though Zambia GDP per capita fluctuated substantially in recent years, it tended to increase through 1972 - 2021 period ending at 1,137 US dollars in 2021. )1.4% of GDP (2018 est. 2023 Data - 2024 Forecast - 1960-2022 Historical - Chart, Zambia Private Sector Rises for 2nd Month, Zambia Inflation Rate Cools Down to 4-Month Low of 9.8%, S&P Downgrades Zambia's Credit Rating Further to CCC+, US Stocks Close Lower, Post Weekly Losses, Costa Rica Inflation Rate Falls the Most Since 2016, South African Stocks Advance on Friday, Still Books Weekly Fall. GDP per capita of Zambia increased from 376 US dollars in 2002 to 1,095 US dollars in 2021 growing at an average annual rate of 7.53%. )nuclear: 0% of total installed capacity (2020 est. )tide and wave: 0% of total installed capacity (2020 est. One Federal Reserve Bank Plaza, Over the past 60 years, the value for this indicator has fluctuated between $1,878.35 in 2013 and $212.58 in 1962. The economy of Zambia has grown at an average annual growth rate of 1.5% in the last four years and is ranked the 18th largest economy in Africa, ahead of Senegal. Current job openings: Download historical data for 20 million indicators using your browser. ), total: 82,317 (2020 est. In 2021, GDP per capita for Zambia was 1,095 US dollars. The ensuing assessment is on whether Zambia's persistent Least Developed Country (LDC) status has a bearing on its vulnerability to the Middle Income Trap (MIT). You can change your personal cookie settings through your internet browser settings. Southern Africa, east of Angola, south of the Democratic Republic of the Congo, total: 752,618 sq kmland: 743,398 sq kmwater: 9,220 sq km, almost five times the size of Georgia; slightly larger than Texas, total: 6,043.15 kmborder countries (8): Angola 1,065 km; Botswana 0.15 km; Democratic Republic of the Congo 2,332 km; Malawi 847 km; Mozambique 439 km; Namibia 244 km; Tanzania 353 km; Zimbabwe 763 km, tropical; modified by altitude; rainy season (October to April), mostly high plateau with some hills and mountains, highest point: Mafinga Central 2,330 mlowest point: Zambezi river 329 mmean elevation: 1,138 m, copper, cobalt, zinc, lead, coal, emeralds, gold, silver, uranium, hydropower, agricultural land: 31.7% (2018 est. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. retrieved from FRED, Mattoo and Payton 2007 Services Trade and Development The Experience of Zambia Authors/Editors: Aaditya Mattoo , Lucy Payton https://doi.org/10.1596/978-0-8213-6849-7. ), urban population: 46.3% of total population (2023)rate of urbanization: 4.15% annual rate of change (2020-25 est. ), Zambian kwacha (ZMK) per US dollar -20.018 (2021 est. The results further indicate that changes in agriculture share of GDP strongly affects the manufacturing output. )note: data are in 2017 dollars, 22.02% (2021 est. )consumption: 1.176 million metric tons (2020 est. ), definition: age 15 and over can read and write Englishtotal population: 86.7%male: 90.6%female: 83.1% (2018), total: 26.1%male: 26.7%female: 25.4% (2021 est. International Monetary Fund, Release: ), conventional long form: Republic of Zambiaconventional short form: Zambiaformer: Northern Rhodesiaetymology: name derived from the Zambezi River, which flows through the western part of the country and forms its southern border with neighboring Zimbabwe, name: Lusakageographic coordinates: 15 25 S, 28 17 Etime difference: UTC+2 (7 hours ahead of Washington, DC, during Standard Time)etymology: named after a village called Lusaka, located at Manda Hill, near where Zambia's National Assembly building currently stands; the village was named after a headman (chief) LUSAKASA, 10 provinces; Central, Copperbelt, Eastern, Luapula, Lusaka, Muchinga, Northern, North-Western, Southern, Western, history: several previous; latest adopted 24 August 1991, promulgated 30 August 1991amendments: proposed by the National Assembly; passage requires two-thirds majority vote by the Assembly in two separate readings at least 30 days apart; passage of amendments affecting fundamental rights and freedoms requires approval by at least one half of votes cast in a referendum prior to consideration and voting by the Assembly; amended 1996, 2015, 2016; note - in late 2020, an amendment which would have altered the structure of the constitution was defeated in the National Assembly, mixed legal system of English common law and customary law, has not submitted an ICJ jurisdiction declaration; accepts ICCt jurisdiction, citizenship by birth: only if at least one parent is a citizen of Zambiacitizenship by descent only: yes, if at least one parent was a citizen of Zambiadual citizenship recognized: yesresidency requirement for naturalization: 5 years for those with an ancestor who was a citizen of Zambia, otherwise 10 years residency is required. ), lowest 10%: 1.5%highest 10%: 47.4% (2010), revenues: $4.758 billion (2019 est. World Economics makes available of world's most comprehensive GDP database covering over 130 countries with historical GDP Per Capita PPP data from 1870-2020, building on the lifetimes work of Angus Maddison. )$9.562 billion (31 December 2016 est. ), number of registered air carriers: 3 (2020)inventory of registered aircraft operated by air carriers: 6annual passenger traffic on registered air carriers: 8,904 (2018)annual freight traffic on registered air carriers: 75.08 million (2018) mt-km, 8note: paved runways have a concrete or asphalt surface but not all have facilities for refueling, maintenance, or air traffic control; the length of a runway required for aircraft to safely operate depends on a number of factors including the type of aircraft, the takeoff weight (including passengers, cargo, and fuel), engine types, flap settings, landing speed, elevation of the airport, and average maximum daily air temperature; paved runways can reach a length of 5,000 m (16,000 ft.), but the typical length of a commercial airline runway is between 2,500-4,000 m (8,000-13,000 ft.), 80note: unpaved runways have a surface composition such as grass or packed earth and are most suited to the operation of light aircraft; unpaved runways are usually short, often less than 1,000 m (3,280 ft.) in length; airports with unpaved runways often lack facilities for refueling, maintenance, or air traffic control, total: 3,126 km (2014)narrow gauge: 3,126 km (2014) 1.067-m gaugenote: includes 1,860 km of the Tanzania-Zambia Railway Authority (TAZARA), total: 67,671 km (2018)paved: 14,888 km (2018)unpaved: 52,783 km (2018), 2,250 km (2010) (includes Lake Tanganyika and the Zambezi and Luapula Rivers), total: 2by type: general cargo 1, oil tanker 1 (2022), Zambia Defense Force (ZDF): Zambia Army, Zambia Air Force, Zambia National Service; Defense Force Medical Service; Ministry of Home Affairs and Internal Security: Zambia Police (includes a paramilitary battalion) (2023)note: the Zambia National Service is a support organization that also does public work projects, 1.2% of GDP (2022 est. )spirits: 0.36 liters of pure alcohol (2019 est. country comparison . 1, 2021, pp. Zambia GDP Per Capita Growth Rate: 2.9% GROSS DOMESTIC PRODUCT PER CAPITA (ANNUAL RATE OF GROWTH, 2022) Real GDP in Zambia is estimated to be $25 Billion US dollars at the end of 2022. Click the charts or button below to see more charts showing the world economy of today and how it could look in 2030. If you are an admin, please authenticate by logging in again. . )other: 2% (2018 est. Zambia gdp per capita for 2018 was $1,475, a 1.37% decline from 2017. GDP per capita of Zambia. 11 No. agriculture: 7.5% (2017 est. Its spending on education is low compared to other Sub-Saharan countries. source: World Bank 10Y 25Y 50Y MAX Chart Compare Export API Embed Zambia GDP Zambia - GDP per capita, PPP (current international $) - actual values, historical data, forecasts and projections were sourced from the . Series from Sub-Saharan Africa Regional Economic Outlook. )15.73% (2020 est. We have a plan for your needs. DataBank. Percent Change From Preceding Period,Not Seasonally Adjusted, Frequency: Elections in 1991 brought an end to one-party rule and propelled the Movement for Multiparty Democracy (MMD) into power. chief of state: President Hakainde HICHILEMA (since 24 August 2021); Vice President Mutale NALUMANGO (since 24 August 2021); note - the president is both chief of state and head of governmenthead of government: President Hakainde HICHILEMA (since 24 August 2021); Vice President Mutale NALUMANGO (since 24 August 2021)cabinet: Cabinet appointed by president from among members of the National Assemblyelections/appointments: president directly elected by absolute majority popular vote in 2 rounds if needed for a 5-year term (eligible for a second term); last held on 12 August 2021 (next to be held in 2026)election results: 2021: Hakainde HICHILEMA elected president; percent of the vote - Hakainde HICHILEMA (UPND) 57.9%, Edgar LUNGU (PF) 37.3%, other 4.8%2016: Edgar LUNGU re-elected president; percent of vote - Edgar LUNGU (PF) 50.4%, Hakainde HICHILEMA (UPND) 47.6%, other 2%, description: unicameral National Assembly (167 seats statutory, 166 seats current; 156 members directly elected in single-seat constituencies by simple majority vote in 2 rounds if needed, and up to 8 appointed by the president; members serve 5-year terms); 3 ex-officio members elected by National Assembly membershipelections: last held on 12 August 2021 (next to be held in 2026)election results: percent of vote by party - UPND 53.9%, PF 38.1%, PNUP 0.6%, independent 7.4%; seats by party - UPND 82, PF 62, PNUP 1, independent 11; composition - men 136, women 20, percent of women 13.5%; composition - men 141, women 25, percent of women 15.1%, highest court(s): Supreme Court (consists of the chief justice, deputy chief justice, and at least 11 judges); Constitutional Court (consists of the court president, vice president, and 11 judges); note - the Constitutional Court began operation in June 2016judge selection and term of office: Supreme Court and Constitutional Court judges appointed by the president of the republic upon the advice of the 9-member Judicial Service Commission, which is headed by the chief justice, and ratified by the National Assembly; judges normally serve until age 65subordinate courts: Court of Appeal; High Court; Industrial Relations Court; subordinate courts (3 levels, based on upper limit of money involved); Small Claims Court; local courts (2 grades, based on upper limit of money involved), Alliance for Democracy and Development or ADD [Charles MILUPI]Forum for Democracy and Development or FDD [Edith NAWAKWI]Movement for Multiparty Democracy or MMD [Dr. Nevers MUMBA]Party of National Unity and Progress or PNUP [Highvie HAMUDUDU]Patriotic Front or PF [Edgar LUNGU]United Party for National Development or UPND [Hakainde HICHILEMA], ACP, AfDB, AU, C, COMESA, EITI (compliant country), FAO, G-77, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, Interpol, IOC, IOM, IPU, ISO (correspondent), ITSO, ITU, ITUC (NGOs), MIGA, MONUSCO, NAM, OPCW, PCA, SADC, UN, UNAMID, UNCTAD, UNESCO, UNHCR, UNIDO, UNISFA, UNMIL, UNMISS, UNOCI, UNWTO, UPU, WCO, WHO, WIPO, WMO, WTO, chief of mission: Ambassador (vacant); Charge d'Affaires Margaret KAPIHYA(since 13 January 2023)chancery: 2200 R Street NW, Washington, DC 20008telephone: [1] (202) 234-4009FAX: [1] (202) 332-0826email address and website: info@zambiaembassy.orghttps://www.zambiaembassy.org/, chief of mission: Ambassador Michael C. GONZALES (since 16 September 2022)embassy: Eastern end of Kabulonga Road, Ibex Hill, Lusakamailing address: 2310 Lusaka Place, Washington DC 20521-2310telephone: [260] (0) 211-357-000FAX: [260] (0) 211-357-224email address and website: ACSLusaka@state.govhttps://zm.usembassy.gov/, green field with a panel of three vertical bands of red (hoist side), black, and orange below a soaring orange eagle, on the outer edge of the flag; green stands for the country's natural resources and vegetation, red symbolizes the struggle for freedom, black the people of Zambia, and orange the country's mineral wealth; the eagle represents the people's ability to rise above the nation's problems, African fish eagle; national colors: green, red, black, orange, name: "Lumbanyeni Zambia" (Stand and Sing of Zambia, Proud and Free)lyrics/music: multiple/Enoch Mankayi SONTONGAnote: adopted 1964; the melody, from the popular song "God Bless Africa," is the same as that of Tanzania but with different lyrics; the melody is also incorporated into South Africa's anthem, total World Heritage Sites: 1 (natural)selected World Heritage Site locales: Mosi-oa-Tunya/Victoria Falls, lower middle-income Sub-Saharan economy; major copper exporter; high public debt is held mostly by China; systemic corruption; one of youngest and fastest growing labor forces; regional hydroelectricity exporter; extreme rural poverty, $63.03 billion (2021 est. ), fresh water lake(s): Lake Tanganyika (shared with Democratic Republic of Congo, Tanzania, and Burundi) - 32,000 sq km; Lake Mweru (shared with Democratic Republic of Congo) - 4,350 sq km; Lake Bangweulu - 4,000-15,000 sq km seasonal variation, Congo river source (shared with Angola, Republic of Congo, and Democratic Republic of Congo [m]) - 4,700 km; Zambezi river source (shared with Angola, Namibia, Botswana, Zimbabwe, and Mozambique [m]) - 2,740 kmnote [s] after country name indicates river source; [m] after country name indicates river mouth, Atlantic Ocean drainage: Congo (3,730,881 sq km)Indian Ocean drainage: Zambezi (1,332,412 sq km), Upper Kalahari-Cuvelai-Upper Zambezi Basin, one of the highest levels of urbanization in Africa; high density in the central area, particularly around the cities of Lusaka, Ndola, Kitwe, and Mufulira as shown in this population distribution map, periodic drought; tropical storms (November to April), landlocked; the Zambezi forms a natural riverine boundary with Zimbabwe; Lake Kariba on the Zambia-Zimbabwe border forms the world's largest reservoir by volume (180 cu km; 43 cu mi), Bemba 21%, Tonga 13.6%, Chewa 7.4%, Lozi 5.7%, Nsenga 5.3%, Tumbuka 4.4%, Ngoni 4%, Lala 3.1%, Kaonde 2.9%, Namwanga 2.8%, Lunda (north Western) 2.6%, Mambwe 2.5%, Luvale 2.2%, Lamba 2.1%, Ushi 1.9%, Lenje 1.6%, Bisa 1.6%, Mbunda 1.2%, other 13.8%, unspecified 0.4% (2010 est. The Trading Economics Application Programming Interface (API) provides direct access to our data. See Also: Analyzing the graph, economic growth regressed in Sub-Saharan Africa in the period 1980 to . Conclusions, Recommendations and Scope for Further Research. 2030 is only 8 years away, by making very modest assumptions about economic growth it is possible to project forward economic data to 2030. Economic indicators. Available: https://www.statista.com/statistics/457693/gross-domestic-product-gdp-per-capita-in-zambia/, Zambia: Gross domestic product (GDP) per capita in current prices from 1988 to 2028, Immediate access to statistics, forecasts & reports, Total population of Zambia 2021, by gender, Life expectancy at birth in Zambia 2021, by gender, Median age of the population in Zambia 2020, Gross domestic product (GDP) in Zambia 2028, Gross domestic product (GDP) per capita in Zambia 2028, Gross domestic product (GDP) growth rate in Zambia 2028, Zambia: Share in global GDP adjusted for PPP 2028, Share of economic sectors in the GDP in Zambia 2021, Labor force participation rate in Zambia 2021, Youth unemployment rate in Zambia in 2022, National debt of Zambia in relation to gross domestic product (GDP) 2021, Ratio of military expenditure to gross domestic product (GDP) in Zambia 2021, Ratio of government expenditure to gross domestic product (GDP) in Zambia 2028, Zambia's budget balance in relation to GDP 2028, New cases of COVID-19 worldwide from January 23, 2020 to June 13, 2023, by day, Share of employed population in informal economy in Zambia by industry 2019, Share of employed population in informal economy in Zambia by province 2019, Share of employed people in Zambia by province 2019, Number of new businesses registered in Zambia 2006-2018, Forecast: Largest cities in Zambia in 2022, Egypt: consumers' confidence in own economic future 2015, Industry revenue of business service centres in Texas 2012-2024, Industry revenue of plastic pipe and pipe fitting manufacturing in Ohio 2012-2024, Zambia: Gross domestic product (GDP) per capita in current prices from 1988 to 2028 (in U.S. dollars), Find your information in our database containing over 20,000 reports. Zambia, MACO (Ministry of Agriculture and Cooperatives) 2004. )permanent pasture: 26.9% (2018 est. World urban population. )investment in inventories: 1.2% (2017 est. )imports: 99,000 metric tons (2020 est. ), 19.2 years (2018 est. Middle Income Trap, GDP, Per Capita Income, Sub-Saharan Africa. GDP per capita is gross domestic product divided by midyear population. Kim, H. (1997) 'International diversification: effects on innovation and firm performance in product-diversified firms', Academy of Management Journal 40: 767-798. statistic alerts) please log in with your personal account. April 7, 2023. Reprinted with permission. Please create an employee account to be able to mark statistics as favorites. Total population: 18,383,956 people (2020) Population density: 25 people per km 2 (2020) Urbanisation: 45% lives in urban areas and 55% lives in rural areas (2020) Economy Total GDP: 60,259,234,496 USD per year (2020) GDP per capita: 3,278 USD per year (2020) Zambia: Gross domestic product (GDP) per capita in current prices from 1988 to 2028 (in U.S. dollars) [Graph]. 2023 data is based on IMF growth rate estimates applied to World Economics GDP data. Zambia World Economy Ranking: 61 stats Economic indicators provided by The World Bank. )imports: 198 million kWh (2019 est. The companies eventually claimed control of the region and incorporated it as the protectorate of Northern Rhodesia in 1911. Observations for the current and future years are projections.The IMF provides these series as part of their Regional Economic Outlook (REO) reports. Real GDP per capita. Standard users can export data in a easy to use web interface or using an excel add-in. Trading Economics welcomes candidates from around the world. 19-30. doi: 10.5923/j.economics.20211101.03. Sren Johansen, 1988, Statistical analysis of cointegration vectors, Journal of Economic Dynamics and Control, Volume 12, Issues 2-3, Pages 231-254. This work is licensed under the Creative Commons Attribution International License (CC BY). (male 250,984/female 303,773), total dependency ratio: 81.8youth dependency ratio: 78.7elderly dependency ratio: 3.2potential support ratio: 31.6 (2021 est. )male: 25.1% (2020 est. Using an adapted unit root model, Granger causality tests were conducted to establish which variables affect Zambia's GDP per capita income level and predispose it to the MIT. )proven reserves: 0 cubic meters (2021 est. Forecast Stats Download The economy of Zambia grew 6.1 percent year-on-year in the fourth quarter of 2022, following a 5.8 percent expansion in the previous three-month period. (2017). )consumption: 0 cubic meters (2021 est. Direct access to our data from your apps using any programing language. ), general assessment: following elections held in August 2021, the new government immediately established a Ministry of Technology and Science to promote the use of ICT in developing economic growth and social inclusion; this focus on ICT, and on telecoms in particular, has been central to government strategies for some years; as part of the Smart Zambia initiative, investment has been made in data centers, a computer assembly plant, ICT training centers, and a Smart Education program; these efforts have been combined with the extension of broadband access and improved connectivity to international submarine cables; in turn, this has resulted in a considerable reduction in fixed-line and mobile access pricing for end-users; mobile network operators continue to invest in 3G and LTE-based services, the government contracted to upgrade the state-owned mobile infrastructure for 5G services; delays in holding spectrum have stymied the development of 5G thus far; in mid-2021 the regulator completed a consultation of auctioning low, medium, and high band spectrum for 5G, aiming to provide sufficient spectrum to meet the anticipated increase in data traffic in coming years; fixed-line broadband services remain underdeveloped (2022)domestic: fixed-line teledensity less than 1 per 100 and mobile-cellular is 100 per 100 (2021)international: country code - 260; multiple providers operate overland fiber optic routes via Zimbabwe/South Africa, Botswana/Namibia and Tanzania provide access to the major undersea cables, according to the Independent Broadcast Authority, there are 137 radio stations and 47 television stations in Zambia; out of the 137 radio stations, 133 are private (categorized as either commercial or community radio stations), while 4 are public-owned; state-owned Zambia National Broadcasting Corporation (ZNBC) operates 2 television channels and 3 radio stations; ZNBC owns 75% shares in GoTV, 40% in MultiChoice, and 40% in TopStar Communications Company, all of which operate in-country, total: 3.99 million (2021 est.
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