Zambia
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| Introduction - Zambia: | | Location - Zambia: | | People - Zambia: | | Government - Zambia: | | Economy - Zambia: | Economy overview | Despite progress in privatization and budgetary reform, Zambias economic growth in 2005-06 remained somewhat below the 6-7% per year needed to reduce poverty significantly. Privatization of government-owned copper mines relieved the government from covering mammoth losses generated by the industry and greatly improved the chances for copper mining to return to profitability and spur economic growth. Copper output has increased steadily since 2004, due to higher copper prices and the opening of new mines. The maize harvest was good again in 2005, helping to boost GDP and agricultural exports. Cooperation continues with international bodies on programs to reduce poverty, including a new lending arrangement with the IMF in the second quarter of 2004. A tighter monetary policy will help cut inflation, but Zambia still has a serious problem with high public debt. | | Gdp purchasing power parity | $11.64 billion (2006 est.) | | Gdp official exchange rate | $5.795 billion (2006 est.) | | Gdp real growth rate | 5.8% (2006 est.) | | Gdp per capita ppp | $1,000 (2006 est.) | | Gdp composition by sector | agriculture: 19.9%
industry: 28.9%
services: 51.2% (2006 est.) | | Labor force | 4.903 million (2006 est.) | | Labor force by occupation | agriculture: 85%
industry: 6%
services: 9% | | Unemployment rate | 50% (2000 est.) | | Population below poverty line | 86% (1993) | | Household income or consumption by percentage share | lowest 10%: 1.1%
highest 10%: 41% (1998) | | Distribution of family income gini index | 52.6 (1998) | | Inflation rate consumer prices | 8.8% (2006 est.) | | Investment gross fixed | 26.5% of GDP (2006 est.) | | Budget | revenues: $2.674 billion
expenditures: $2.99 billion; including capital expenditures of $NA (2006 est.) | | Public debt | 65.7% of GDP (2006 est.) | | 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 | 10.1% (2006 est.) | | Electricity production | 9.962 billion kWh (2004) | | Electricity consumption | 6.692 billion kWh (2004) | | Electricity exports | 2.975 billion kWh (2004) | | Electricity imports | 403 million kWh (2004) | | Oil production | 140 bbl/day (2004 est.) | | Oil consumption | 13,000 bbl/day (2004 est.) | | Oil exports | NA bbl/day | | Oil imports | NA bbl/day | | Oil proved reserves | 0 bbl | | Natural gas production | 0 cu m (2004 est.) | | Natural gas consumption | 0 cu m (2004 est.) | | Current account balance | -$165.4 million (2006 est.) | | Exports | $3.928 billion f.o.b. (2006 est.) | | Exports commodities | copper/cobalt 64%, cobalt, electricity; tobacco, flowers, cotton | | Exports partners | Switzerland 24.6%, South Africa 10.8%, Thailand 10.3%, China 9.9%, Italy 9%, Democratic Republic of the Congo 5%, Tanzania 4.7% (2006) | | Imports | $3.092 billion f.o.b. (2006 est.) | | Imports commodities | machinery, transportation equipment, petroleum products, electricity, fertilizer; foodstuffs, clothing | | Imports partners | South Africa 50%, Zimbabwe 5.4%, UAE 4.7%, China 4.4% (2006) | | Reserves of foreign exchange and gold | $1.05 billion (2006 est.) | | Debt external | $4.397 billion (2006 est.) | | Economic aid recipient | $640.6 million (2002) | | Currency code | Zambian kwacha (ZMK) | | Exchange rates | Zambian kwacha per US dollar - 3,601.5 (2006), 4,463.5 (2005), 4,778.9 (2004), 4,733.3 (2003), 4,398.6 (2002) | |
| Communications - Zambia: | | Transportation - Zambia: | | Military - Zambia: |
This page was last updated on 16 September, 2007
Source: CIA >>> |
