Macro‑Economic Monitor

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Zambia economy

Zambia’s economy grew 3.8% in 2025, faster than the world as a whole (2.9%). Consumer prices rose 13.9% in 2025, and 5.9% of the labour force was out of work.

IndicatorLatestYear
Real GDP growth3.8%2025
Inflation (consumer prices)13.9%2025
Unemployment5.9%2025
GDP (US dollars)$28.9 bn2025
GDP per person (US dollars)$1,3182025
GDP per person (PPP, international dollars)$4,2152024
Current account balance, % of GDP−4.4%2024
Budget balance, % of GDP−3.2%2024
Extreme poverty, % of people below $3.00 a day71.7%2022
Population21.9 m2025
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Source: World Bank, World Development Indicators (CC BY 4.0). Data release 2026-10-22. Figures are revised by their publishers.