International Reserves in Zambia

Zambia International Reserves | Economic News & Forecasts

Zambia - International Reserves

The economy likely reeled in the first half of the year amid the Covid-19 fallout, particularly in Q2. The pandemic’s spread and subsequent containment measures have decimated demand; created supply bottlenecks; caused considerable job and income losses; and shut down businesses, some permanently, especially in the leisure and hospitality industry. Moreover, rolling power blackouts, rising production costs and quickening inflationary pressures, mainly due to passthrough effects from a depreciating kwanza, further weighed on activity. The external sector was also hammered, with merchandise exports collapsing at a double-digit pace in Q2 amid weak foreign demand. Turning to Q3, although the private sector PMI climbed again in July, business conditions continued to deteriorate markedly—hinting that subdued activity will persist.

Zambia - International Reserves Data

2015   2016   2017   2018   2019  
International Reserves (USD)3.0  2.4  2.1  1.6  1.4  

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Zambia International Reserves Chart

Zambia International Reserves
Note: International reserves, months of imports.
Source: IMF and FocusEconomics calculations

Zambia Facts

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

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