Current Account in Zambia
Zambia - Current AccountGrowth 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
|Current Account (% of GDP)||-0.8||2.2||-4.9||-4.3||-2.6|
5 years of economic forecasts for more than 30 economic indicators.
Zambia Current Account Chart
Source: Bank of Zambia
|Bond Yield||29.00||0.0 %||May 13|
|Exchange Rate||13.23||0.0 %||May 13|
|Stock Market||0.1||0.0 %||May 13|
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