International Reserves in Zambia

Zambia International Reserves | Economic News & Forecasts

Zambia - International Reserves

The economy grew at the weakest pace in three-and-a-half years in the second quarter. Reduced demand from overseas markets hurt copper exports, causing mining activity to contract for the first time in over two years. Meanwhile, the worst drought in nearly four decades severely curtailed output at hydropower dams, which accounts for the lion’s share of overall electricity production, swinging overall energy output to decline in the quarter. Turning to the third quarter, exports plunged more sharply, while severe drought conditions persisted, signaling that activity remained downbeat. In other news, Zesco Limited, the country’s state-owned power utility, put in a bid to the Energy Regulation Board in early November to more than double electricity tariffs on the grounds that it would enable it to plug the energy shortfall. Associations for manufacturers and consumers, however, have pushed back against the proposed hike.

Zambia - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (USD)2.7  3.1  3.0  2.4  2.1  

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Zambia International Reserves Chart

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

Zambia Facts

Bond Yield32.500.0 %Sep 04
Exchange Rate13.110.0 %Sep 04
Stock Market0.40.0 %Sep 04

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