Economic Growth in Zambia
Zambia's economy recorded an average growth rate of 3.2% in the decade to 2022, just above the Sub-Saharan Africa's average of 3.0%. In 2022, Zambia's real GDP growth was 4.7%. For more GDP information, visit our dedicated page.
Zambia GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Zambia from 2014 to 2023.
Source: Macrobond.
Zambia GDP Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | 1.4 | -2.8 | 6.2 | 5.2 | 5.4 |
| GDP (USD bn) | 23.2 | 18.1 | 22.1 | 29.1 | 27.6 |
| GDP (ZMW bn) | 300 | 332 | 443 | 494 | 557 |
| Economic Growth (Nominal GDP, ann. var. %) | 6.1 | 10.6 | 33.5 | 11.4 | 12.8 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Zambian GDP projections for the next ten years from a panel of 14 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Zambian GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Zambian GDP projections.
Want to get access to the full dataset of Zambian GDP forecasts? Send an email to info@focus-economics.com.