AMANA
chancery: 2419 Massachusetts Avenue NW, Washington, DC 20008
telephone: [1] (202) 265-9717 through 9719
FAX: [1] (202) 332-0826

Diplomatic representation from the US:
chief of mission: Ambassador Arlene RENDER
embassy: corner of Independence and United Nations Avenues
mailing address: P. O. Box 31617, Lusaka
telephone: [260] (1) 250-955, 252-230
FAX: [260] (1) 252-225

Flag description: 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

@Zambia:Economy

Economy-overview: Despite progress in privatization and budgetary
reform, Zambia's economy has a long way to go. Inflation, while
slowing somewhat, continues to be a major concern to the CHILUBA
government. 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. Aid cuts by Zambia's
donors, arising out of concern for the November 1996 flawed election,
will severely damage Zambia's economic prospects. Urged by the World
Bank, Zambia has embarked on a privatization program which is to
include the all-important copper industry.

GDP: purchasing power parity-$8.8 billion (1997 est.)

GDP-real growth rate: 3.5% (1997 est.)

GDP-per capita: purchasing power parity-$950 (1997 est.)

GDP-composition by sector:
agriculture: 23%
industry: 40%
services: 37% (1997 est.)

Inflation rate-consumer price index: 43.9% (1996)

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

Unemployment rate: 22% (1991)

Budget:
revenues: $888 million
expenditures: $835 million, including capital expenditures of $110
million (1995 est.)

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

Industrial production growth rate: 3.5% (1996)

Electricity-capacity: 2.436 million kW (1995)

Electricity-production: 7.79 billion kWh (1995)

Electricity-consumption per capita: 668 kWh (1995)

Agriculture-products: corn, sorghum, rice, peanuts, sunflower seed,
tobacco, cotton, sugarcane, cassava (tapioca); cattle, goats, pigs,
poultry, beef, pork, poultry meat, milk, eggs, hides

Exports:
total value: $975 million (f.o.b., 1996 est.)
commodities: copper, zinc, cobalt, lead, tobacco
partners: EU countries, Japan, South Africa, US, S