Current Account in Zambia

Zambia Current Account | Economic News & Forecasts

Zambia - Current Account

The economy likely lost traction in the fourth quarter of 2018 following a robust third quarter. Exports contracted in Q4 for the first time in two years amid slowing global growth. Moreover, private sector activity appears to have deteriorated again in January, as the PMI remained in negative territory against the backdrop of higher fuel prices and a weak kwacha. In the political arena, as part of efforts to reduce public debt levels, the government announced plans to introduce a copper import duty, along with a royalty on copper production that rises with commodity prices. In addition, the nation’s state-owned electricity provider, in collaboration with the government, is planning a USD 500 million bond program to pay off debts owed to independent power suppliers.

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 Yield26.000.0 %Mar 11
Exchange Rate12.020.0 %Mar 11
Stock Market0.10.0 %Mar 11

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