Current Account in Zambia

Zambia Current Account | Economic News & Forecasts

Zambia - Current Account

Growth slumped to a three-and-a-half-year low in the second quarter on a contraction in mining activity. Particularly, oversees demand for copper was soft, while energy output fell as the worst drought in a century severely curtailed output at the country’s all-important hydropower dams. Similar dynamics carried over into Q3, with exports falling more sharply and severe drought conditions persisting in the quarter. Turning to Q4, momentum seems to have weakened further. Rising concerns over the country’s fiscal and debt sustainability sparked a selloff of the kwacha, which fell to an all-time low in December. This bodes ill for both investment activity and consumer demand, amid soaring inflation and deteriorating sentiment. In a move to ensure macroeconomic stability, the Central Bank tightened its monetary policy stance in November and raised the reserve ratio for commercial banks in December.

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

Bond Yield33.000.0 %Dec 31
Exchange Rate14.090.0 %Jan 01
Stock Market0.30.0 %Jan 06

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