Current Account in Zambia

Zambia Current Account | Economic News & Forecasts

Zambia - Current Account

Suffering from the worst drought in close to four decades, economic conditions remain challenging. The dearth of rainfall has restrained agricultural and hydropower output since the start of the year, and pushed up inflation to a near three-year high in July. Fearing that it would further stoke price pressures, the government delayed implementing a new sales tax for the third time this year, until 2020. Moreover, copper production shrank in H1 compared to the same period of last year, and overseas sales of the commodity also contracted in the period. The fall in exports largely reflects reduced copper earnings owing to lower prices. At the same time, the risk of debt distress remains elevated amid dwindling reserves and an increase in imports in the second quarter has further drained foreign exchange reserves.

Zambia - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-0.8  2.3  -2.3  -3.2  -1.6  

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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 Yield32.500.0 %Sep 04
Exchange Rate13.110.0 %Sep 04
Stock Market0.40.0 %Sep 04

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