Poor
Country Initiative, consisting of approximately USD 6 billion in
debt relief. Zambia experienced a bumper harvest in 2007, which
helped to boost GDP and agricultural exports and contain inflation.
Although poverty continues to be significant problem in Zambia, its
economy has strengthened, featuring single-digit inflation, a
relatively stable currency, decreasing interest rates, and
increasing levels of trade.

GDP (purchasing power parity):

$16.1 billion (2007 est.)

GDP (official exchange rate):

$11.16 billion (2007 est.)

GDP - real growth rate:

6% (2007 est.)

GDP - per capita (PPP):

$1,400 (2007 est.)

GDP - composition by sector:

agriculture: 17.4%
industry: 26.1%
services: 56.5% (2007 est.)

Labor force:

4.989 million (2007 est.)

Labor force - by occupation:

agriculture: 85%
industry: 6%
services: 9% (2004)

Unemployment rate:

50% (2000 est.)

Population below poverty line:

86% (1993)

Household income or consumption by percentage share:

lowest 10%: 1.2%
highest 10%: 38.8% (2004)

Distribution of family income - Gini index:

50.8 (2004)

Investment (gross fixed):

26.2% of GDP (2007 est.)

Budget:

revenues: $2.655 billion
expenditures: $2.8 billion (2007 est.)

Fiscal year:

calendar year

Public debt:

28.1% of GDP (2007 est.)

Inflation rate (consumer prices):

10.6% (2007 est.)

Central bank discount rate:

11.73% (31 December 2007)

Commercial bank prime lending rate:

18.89% (31 December 2007)

Stock of money:

$995.8 million (31 December 2007)

Stock of quasi money:

$1.709 billion (31 December 2007)

Stock of domestic credit:

$1.968 billion (31 December 2007)

Agriculture - products:

corn, sorghum, rice, peanuts, sunflower seed, vegetables, flowers,
tobacco, cotton, sugarcane, cassava (tapioca), coffee; cattle,
goats, pigs, poultry, milk, eggs, hides

Industries:

copper mining and processing, construction, foodstuffs, beverages,
chemicals, textiles, fertilizer, horticulture

Industrial production growth rate:

6.3% (2007 est.)

Electricity - production:

9.289 billion kWh (2006 est.)

Electricity - consumption:

8.625 billion kWh (2006 est.)

Electricity - exports:

255 million kWh (2006)

Electricity - imports:

68 million kWh (2007 est.)

Electricity - production by source:

fossil fuel: 0.5%
hydro: 99.5%
nuclear: 0%
other: 0% (200