Current Account in Zambia

Zambia Current Account | Economic News & Forecasts

Zambia - Current Account

Growth likely remained lackluster in the first quarter of the year, as exports fell sharply in Q1 on lower copper sales, while private sector activity continued to deteriorate in April on adverse weather conditions and money shortages. Compounding matters, Zambia’s macroeconomic stability remains precarious as the government struggles to service a soaring debt burden amid dwindling foreign exchange reserves. The kwacha’s depreciation since the start of the year has pushed up interest costs on external arrears. This, coupled with the recent climb in yields on government bonds, has diverted funds away from social programs and transfers to local authorities, weighing on households and businesses. In a bid to curb the escalation of debt, the country has delayed the receipt of USD 2.6 billion worth of loans.

Zambia - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-0.8  2.2  -4.9  -4.3  -2.6  

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Zambia Current Account Chart


Zambia Current Account
Note: Current account balance as % of GDP.
Source: Bank of Zambia

Zambia Facts

ValueChangeDate
Bond Yield29.000.0 %May 13
Exchange Rate13.230.0 %May 13
Stock Market0.10.0 %May 13

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