mailing address: P. O. Box 31617, Lusaka
telephone: [260] (1) 250-955, 252-230
FAX: [260] (1) 252-225

Flag: green 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

Economy
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Economic overview: Despite continuing progress in privatization
and budgetary reform, Zambia's economy is showing little
improvement. Inflation, while slowing somewhat, continues to be a
major concern to the CHILUBA government. Four of Zambia's 20 banks
collapsed in 1995, and the nation's debt stood at about $7 billion.
Zambia's copper mining sector, which accounts for over 80% of the
nation's foreign currency intake, is struggling. Production rates
are down as are world copper prices. Food production is insufficient
to meet the country's needs due to previous droughts and an end to
government subsidization of agriculture. While the government's
economic program aims for 6% growth in each of the next three years,
a growth rate of 3-5% is more likely.

GDP: purchasing power parity - $8.9 billion (1995 est.)

GDP real growth rate: NA%

GDP per capita: $900 (1995 est.)

GDP composition by sector:
agriculture: 32%
industry: 22%
services: 46% (1994 est.)

Inflation rate (consumer prices): 55% (1994 est.)

Labor force: 3.4 million
by occupation: agriculture 85%, mining, manufacturing, and
construction 6%, transport and services 9%

Unemployment rate: 22% (1991)

Budget:
revenues: $665 million
expenditures: $767 million, including capital expenditures of $300
million (1991 est.)

Industries: copper mining and processing, construction,
foodstuffs, beverages, chemicals, textiles, fertilizer

Industrial production growth rate: -1% (1992)

Electricity:
capacity: 2,440,000 kW
production: 7.8 billion kWh
consumption per capita: 650 kWh (1993)

Agriculture: corn, sorghum, rice, peanuts, sunflower seed,
tobacco, cotton, sugarcane, cassava (tapioca); cattle, goats, beef,
eggs

Illicit drugs: increasingly a regional transshipment center for
methaqualone and heroin

Exports: $1.075 billion (f.o.b., 1994 est.)
commodities: copper, zinc, cobalt, lead, tobacco
partners: EU countries, Japan, South Africa, US, India, Thailand,
Malaysia

Imports: $845 million (f.o.b., 1994 est.)
commodities: machinery, transportation equipment, foodstuffs, fuels,
manufactures
partner