International Reserves in Zambia
Zambia - International ReservesThe 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
|International Reserves (USD)||3.0||2.4||2.1||1.6||1.4|
5 years of economic forecasts for more than 30 economic indicators.
Zambia International Reserves Chart
Source: IMF and FocusEconomics calculations
|Bond Yield||33.00||0.0 %||Dec 31|
|Exchange Rate||14.09||0.0 %||Jan 01|
|Stock Market||0.3||0.0 %||Jan 06|
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