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THE GLOBAL FINANCIAL WEEKLYOctober 5–11, 2026Vol. 01 · No. 002

AFRICA · COUNTRY REFERENCE

Zambia

UN member stateISO ZM / ZMBZMW

Written and compiled by American Business Capital Group Inc.

Zambia on the world mapThe highlighted shape or point locates the selected country or entity. Borders are a geographic reference, not a statement on sovereignty.FijiUnited Republic of TanzaniaWestern SaharaCanadaUnited StatesKazakhstanUzbekistanPapua New GuineaIndonesiaArgentinaChileDemocratic Republic of the CongoSomaliaKenyaSudanChadHaitiDominican RepublicRussian FederationBahamasFalkland IslandsNorwayGreenlandTimor-LesteSouth AfricaLesothoMexicoUruguayBrazilBolivia (Plurinational State of)PeruColombiaPanamaCosta RicaNicaraguaHondurasEl SalvadorGuatemalaBelizeVenezuela (Bolivarian Republic of)GuyanaSurinameFranceEcuadorPuerto RicoJamaicaCubaZimbabweBotswanaNamibiaSenegalMaliMauritaniaBeninNigerNigeriaCameroonTogoGhanaCôte d'IvoireGuineaGuinea-BissauLiberiaSierra LeoneBurkina FasoCentral African RepublicRepublic of the CongoGabonEquatorial GuineaZambiaMalawiMozambiqueEswatiniAngolaBurundiIsraelLebanonMadagascarState of PalestineGambiaTunisiaAlgeriaJordanUnited Arab EmiratesQatarKuwaitIraqOmanVanuatuCambodiaThailandLao People's Democratic RepublicMyanmarViet NamNorth KoreaSouth KoreaMongoliaIndiaBangladeshBhutanNepalPakistanAfghanistanTajikistanKyrgyzstanTurkmenistanIran (Islamic Republic of)Syrian Arab RepublicArmeniaSwedenBelarusUkrainePolandAustriaHungaryRepublic of MoldovaRomaniaLithuaniaLatviaEstoniaGermanyBulgariaGreeceTürkiyeAlbaniaCroatiaSwitzerlandLuxembourgBelgiumNetherlandsPortugalSpainIrelandNew CaledoniaSolomon IslandsNew ZealandAustraliaSri LankaChinaTaiwanItalyDenmarkUnited KingdomIcelandAzerbaijanGeorgiaPhilippinesMalaysiaBrunei DarussalamSloveniaFinlandSlovakiaCzechiaEritreaJapanParaguayYemenSaudi ArabiaCYNCyprusMoroccoEgyptLibyaEthiopiaDjiboutiSomalilandUgandaRwandaBosnia and HerzegovinaNorth MacedoniaSerbiaMontenegroKosovoTrinidad and TobagoSouth SudanÅland IslandsAmerican SamoaAndorraAnguillaAntigua and BarbudaArubaBahrainBarbadosBermudaBonaire, Sint Eustatius and SabaBouvet IslandBritish Indian Ocean TerritoryBritish Virgin IslandsCabo VerdeCayman IslandsChristmas IslandCocos (Keeling) Islands (The)ComorosCook IslandsCuraçaoDominicaFaroe IslandsFrench GuianaFrench PolynesiaFrench Southern TerritoriesGibraltarGrenadaGuadeloupeGuamGuernseyHeard Island and McDonald IslandsHoly SeeHong KongIsle of ManJerseyKiribatiLiechtensteinMacauMaldivesMaltaMarshall IslandsMartiniqueMauritiusMayotteMicronesia (Federated States of)MonacoMontserratNaoeroNiueNorfolk IslandNorthern Mariana IslandsPalauPitcairn IslandsRéunionSaint BarthélemySaint HelenaSaint Kitts and NevisSaint LuciaSaint MartinSaint Pierre and MiquelonSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSeychellesSingaporeSint MaartenSouth Georgia and the South Sandwich IslandsSvalbard and Jan MayenTokelauTongaTurks and Caicos IslandsTuvaluUnited States Minor Outlying IslandsUS Virgin IslandsWallis and Futuna

Selected country or entityMap: Natural Earth ↗

ANNUAL ECONOMIC SNAPSHOT

Population & economic scale

World Bank · dated observations

The most recent non-empty observations returned by the World Bank when this snapshot was collected. Read the year on each card: these are annual statistics, not live measurements.

World Bank reporting entity: Zambia · 3 of 3 indicators available.

Population

21,913,874

people

observation

Definition, value & source

Total population is based on the de facto definition of population, which counts all residents regardless of legal status or citizenship. The values shown are midyear estimates.

Received value: 21913874 people. The main card rounds for readability.

Collected
Oct 7, 2026
Dataset update reported by API
Jul 13, 2026; separate from the observation year

World Bank indicator ↗ · API record ↗

World Bank, World Development Indicators. CC BY 4.0. Underlying sources: World Population Prospects, United Nations (UN), uri: https://population.un.org/wpp/, publisher: UN Population Division; Statistical databases and publications from national statistical offices, National Statistical Offices (NSOs), uri: https://unstats.un.org/home/nso_sites/, publisher: National Statistical Offices; Eurostat: Demographic Statistics, Eurostat (ESTAT), uri: https://ec.europa.eu/eurostat/data/database?node_code=earn_ses_monthly, publisher: Eurostat; Population and Vital Statistics Report (various years), United Nations (UN), uri: https://unstats.un.org, publisher: UN Statistics Division

GDP

$28.88 billion

current US$

observation

Definition, value & source

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Received value: 28879806220.1264 current US$. The main card rounds for readability.

Collected
Oct 7, 2026
Dataset update reported by API
Jul 13, 2026; separate from the observation year

World Bank indicator ↗ · API record ↗

World Bank, World Development Indicators. CC BY 4.0. Underlying sources: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB)

GDP per capita

$1,318

current US$ per person

observation

Definition, value & source

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Received value: 1317.87771619597 current US$ per person. The main card rounds for readability.

Collected
Oct 7, 2026
Dataset update reported by API
Jul 13, 2026; separate from the observation year

World Bank indicator ↗ · API record ↗

World Bank, World Development Indicators. CC BY 4.0. Underlying sources: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB)

GDP and GDP per capita use current US dollars, without an inflation or purchasing-power-parity adjustment. Source years can differ. Missing data is not zero; earlier archive figures below are retained as a separate historical reference.

THE REFERENCE FILE

Zambia at a glance

Archive edition 2025

These are historical reference facts from the 2025 World Factbook archive. Each estimate keeps its own period; an archive edition does not make every figure a measurement from that year.

Government type

presidential republic

archive edition 2025Source ↗

Population

total: 22,021,971 (2025 est.) male: 11,066,079 female: 10,955,892

2025 source periods; archive edition 2025Source ↗

Area

total : 752,618 sq km land: 743,398 sq km water: 9,220 sq km

archive edition 2025Source ↗

Real GDP (purchasing power parity)

$79.207 billion (2024 est.) $76.129 billion (2023 est.) $72.251 billion (2022 est.) note: data in 2021 dollars

2024, 2023, 2022, 2021 source periods; archive edition 2025Source ↗

GDP (official exchange rate)

$26.326 billion (2024 est.) note: data in current dollars at official exchange rate

2024 source periods; archive edition 2025Source ↗

Real GDP growth rate

4% (2024 est.) 5.4% (2023 est.) 5.2% (2022 est.) note: annual GDP % growth based on constant local currency

2024, 2023, 2022 source periods; archive edition 2025Source ↗

Real GDP per capita

$3,700 (2024 est.) $3,700 (2023 est.) $3,600 (2022 est.) note: data in 2021 dollars

2024, 2023, 2022, 2021 source periods; archive edition 2025Source ↗

Inflation rate (consumer prices)

15% (2024 est.) 10.9% (2023 est.) 11% (2022 est.) note: annual % change based on consumer prices

2024, 2023, 2022 source periods; archive edition 2025Source ↗

Unemployment rate

6% (2024 est.) 6% (2023 est.) 6% (2022 est.) note: % of labor force seeking employment

2024, 2023, 2022 source periods; archive edition 2025Source ↗

Labor force

7.407 million (2024 est.) note: number of people ages 15 or older who are employed or seeking work

2024 source periods; archive edition 2025Source ↗

Public debt

71.4% of GDP (2021 est.) note: central government debt as a % of GDP

2021 source periods; archive edition 2025Source ↗

Budget

revenues: $5.388 billion (2021 est.) expenditures: $6.19 billion (2021 est.) note: central government revenues and expenses (excluding grants/extrabudgetary units/social security funds) converted to US dollars at average official exchange rate for year indicated

2021 source periods; archive edition 2025Source ↗

Current account balance

-$582.715 million (2023 est.) $1.093 billion (2022 est.) $2.63 billion (2021 est.) note: balance of payments - net trade and primary/secondary income in current dollars

2023, 2022, 2021 source periods; archive edition 2025Source ↗

Exports

$11.454 billion (2023 est.) $12.444 billion (2022 est.) $11.728 billion (2021 est.) note: balance of payments - exports of goods and services in current dollars

2023, 2022, 2021 source periods; archive edition 2025Source ↗

Imports

$10.854 billion (2023 est.) $10.022 billion (2022 est.) $7.691 billion (2021 est.) note: balance of payments - imports of goods and services in current dollars

2023, 2022, 2021 source periods; archive edition 2025Source ↗

Reserves of foreign exchange and gold

$3.173 billion (2023 est.) $2.968 billion (2022 est.) $2.754 billion (2021 est.) note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

2023, 2022, 2021 source periods; archive edition 2025Source ↗

Debt - external

$16.597 billion (2023 est.) note: present value of external debt in current US dollars

2023 source periods; archive edition 2025Source ↗

Electricity access

electrification - total population: 47.8% (2022 est.) electrification - urban areas: 87% electrification - rural areas: 14.5%

2022 source periods; archive edition 2025Source ↗

Internet users

percent of population: 33% (2023 est.)

2023 source periods; archive edition 2025Source ↗

THE HISTORICAL REFERENCE LIBRARY

Explore the country in detail

30 sections · archive 2025

Browse the economy, population, resources and infrastructure. These archived descriptions keep their original wording and dates; they have not been updated to describe current conditions.

30 of 30 sections

Location

Southern Africa, east of Angola, south of the Democratic Republic of the Congo

archive edition 2025 · Archive source ↗

Capital

name: Lusaka geographic coordinates: 15 25 S, 28 17 E time difference: UTC+2 (7 hours ahead of Washington, DC, during Standard Time) etymology: named after a village with a headman (chief) called LUSAAKAS

archive edition 2025 · Archive source ↗

Economic overview

lower-middle-income sub-Saharan economy; regional hydroelectricity producer; trade ties and infrastructure investments from China; IMF assistance to restructure debt burden; one of youngest and fastest-growing labor forces; systemic corruption; extreme rural poverty

archive edition 2025 · Archive source ↗

Natural resources

copper, cobalt, zinc, lead, coal, emeralds, gold, silver, uranium, hydropower

archive edition 2025 · Archive source ↗

Agricultural products

sugarcane, cassava, maize, soybeans, milk, vegetables, wheat, groundnuts, sweet potatoes, beef (2023) note: top ten agricultural products based on tonnage

2023 source periods; archive edition 2025 · Archive source ↗

Industries

copper mining and processing, emerald mining, construction, foodstuffs, beverages, chemicals, textiles, fertilizer, horticulture

archive edition 2025 · Archive source ↗

Exports - partners

Switzerland 27%, China 15%, India 13%, UAE 12%, DRC 10% (2023) note: top five export partners based on percentage share of exports

2023 source periods; archive edition 2025 · Archive source ↗

Exports - commodities

raw copper, refined copper, gold, precious stones, electricity (2023) note: top five export commodities based on value in dollars

2023 source periods; archive edition 2025 · Archive source ↗

Imports - partners

South Africa 25%, China 15%, UAE 10%, India 5%, Japan 5% (2023) note: top five import partners based on percentage share of imports

2023 source periods; archive edition 2025 · Archive source ↗

Imports - commodities

refined petroleum, fertilizers, trucks, sulphur, tractors (2023) note: top five import commodities based on value in dollars

2023 source periods; archive edition 2025 · Archive source ↗

Climate

tropical; modified by altitude; rainy season (October to April)

archive edition 2025 · Archive source ↗

Terrain

mostly high plateau with some hills and mountains

archive edition 2025 · Archive source ↗

Land use

agricultural land: 32.1% (2023 est.) arable land: 5.1% (2023 est.) permanent crops: 0.1% (2023 est.) permanent pasture: 26.9% (2023 est.) forest: 60.6% (2023 est.) other: 7.3% (2023 est.)

2023 dates in source text; archive edition 2025 · Archive source ↗

Natural hazards

periodic drought; tropical storms (November to April)

archive edition 2025 · Archive source ↗

Languages

Bemba 33.4%, Nyanja 14.7%, Tonga 11.4%, Lozi 5.5%, Chewa 4.5%, Nsenga 2.9%, Tumbuka 2.5%, Lunda (North Western) 1.9%, Kaonde 1.8%, Lala 1.8%, Lamba 1.8%, English (official) 1.7%, Luvale 1.5%, Mambwe 1.3%, Namwanga 1.2%, Lenje 1.1%, Bisa 1%, other 9.7%, unspecified 0.2% (2010 est.) note: Zambia is said to have over 70 languages, although many of these may be considered dialects; all of Zambia's major languages are members of the Bantu family; Chewa and Nyanja are mutually intelligible dialects

2010 dates in source text; archive edition 2025 · Archive source ↗

Religions

Protestant 75.3%, Roman Catholic 20.2%, other 2.7% (includes Muslim, Buddhist, Hindu, and Baha'i), none 1.8% (2010 est.)

2010 dates in source text; archive edition 2025 · Archive source ↗

Age structure

0-14 years: 42.1% (male 4,418,980/female 4,337,187) 15-64 years: 55.1% (male 5,726,265/female 5,736,732) 65 years and over: 2.8% (2024 est.) (male 262,008/female 317,944)

2024 dates in source text; archive edition 2025 · Archive source ↗

Urbanization

urban population: 46.3% of total population (2023) rate of urbanization: 4.15% annual rate of change (2020-25 est.)

2023, 2020 dates in source text; archive edition 2025 · Archive source ↗

Life expectancy at birth

total population: 66.9 years (2024 est.) male: 65.2 years female: 68.7 years

2024 dates in source text; archive edition 2025 · Archive source ↗

Literacy

total population: 71.1% (2018 est.) male: 81.7% (2018 est.) female: 62.2% (2018 est.)

2018 dates in source text; archive edition 2025 · Archive source ↗

Electricity

installed generating capacity: 3.986 million kW (2023 est.) consumption: 14.399 billion kWh (2023 est.) exports: 3 billion kWh (2023 est.) imports: 180 million kWh (2023 est.) transmission/distribution losses: 2.229 billion kWh (2023 est.)

2023 dates in source text; archive edition 2025 · Archive source ↗

Electricity generation sources

fossil fuels: 11% of total installed capacity (2023 est.) solar: 0.8% of total installed capacity (2023 est.) hydroelectricity: 87.9% of total installed capacity (2023 est.) biomass and waste: 0.4% of total installed capacity (2023 est.)

2023 dates in source text; archive edition 2025 · Archive source ↗

Petroleum

refined petroleum consumption: 34,000 bbl/day (2023 est.)

2023 dates in source text; archive edition 2025 · Archive source ↗

Carbon dioxide emissions

9.877 million metric tonnes of CO2 (2023 est.) from coal and metallurgical coke: 4.835 million metric tonnes of CO2 (2023 est.) from petroleum and other liquids: 5.042 million metric tonnes of CO2 (2023 est.)

2023 dates in source text; archive edition 2025 · Archive source ↗

Telephones - mobile cellular

total subscriptions: 23.2 million (2024 est.) subscriptions per 100 inhabitants: 109 (2024 est.)

2024 dates in source text; archive edition 2025 · Archive source ↗

Broadband - fixed subscriptions

total: 99,000 (2023 est.) subscriptions per 100 inhabitants: (2023 est.) less than 1

2023 dates in source text; archive edition 2025 · Archive source ↗

Airports

120 (2025)

2025 dates in source text; archive edition 2025 · Archive source ↗

Railways

total: 3,126 km (2014) narrow gauge: 3,126 km (2014) 1.067-m gauge note: includes 1,860 km of the Tanzania-Zambia Railway Authority (TAZARA)

2014 dates in source text; archive edition 2025 · Archive source ↗

GDP - composition, by sector of origin

agriculture: 1.8% (2024 est.) industry: 37.5% (2024 est.) services: 55.1% (2024 est.) note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

2024 dates in source text; archive edition 2025 · Archive source ↗

Remittances

0.9% of GDP (2023 est.) 0.8% of GDP (2022 est.) 1.1% of GDP (2021 est.) note: personal transfers and compensation between resident and non-resident individuals/households/entities

2023, 2022, 2021 dates in source text; archive edition 2025 · Archive source ↗

CURRENCY OBSERVATIONS

Money & exchange rates

Currency explorer →

The latest verified daily references are separate from the historical country profile. Values are currency units per US$1.

ZMW

Zambian Kwacha

19.7751

ZMW per US$1

Source observation: Oct 6, 2026

Published reference snapshot; its original observation date is preserved.

1 ZMW = US$0.05056864

Daily reference historyOct 6, 2026 · 19.7751 ZMW
Sep 7, 2026: 19.1641 ZMW per US$1Sep 8, 2026: 19.1935 ZMW per US$1Sep 9, 2026: 19.2521 ZMW per US$1Sep 10, 2026: 19.2826 ZMW per US$1Sep 11, 2026: 19.3292 ZMW per US$1Sep 12, 2026: 19.3367 ZMW per US$1Sep 13, 2026: 19.3408 ZMW per US$1Sep 14, 2026: 19.3556 ZMW per US$1Sep 15, 2026: 19.4364 ZMW per US$1Sep 16, 2026: 19.5585 ZMW per US$1Sep 17, 2026: 19.6359 ZMW per US$1Sep 18, 2026: 19.6516 ZMW per US$1Sep 19, 2026: 19.6566 ZMW per US$1Sep 20, 2026: 19.6662 ZMW per US$1Sep 21, 2026: 19.6329 ZMW per US$1Sep 22, 2026: 19.5899 ZMW per US$1Sep 23, 2026: 19.5325 ZMW per US$1Sep 24, 2026: 19.5395 ZMW per US$1Sep 25, 2026: 19.5276 ZMW per US$1Sep 26, 2026: 19.5351 ZMW per US$1Sep 27, 2026: 19.5266 ZMW per US$1Sep 28, 2026: 19.5276 ZMW per US$1Sep 29, 2026: 19.5288 ZMW per US$1Sep 30, 2026: 19.5838 ZMW per US$1Oct 1, 2026: 19.6354 ZMW per US$1Oct 2, 2026: 19.6874 ZMW per US$1Oct 3, 2026: 19.6924 ZMW per US$1Oct 4, 2026: 19.7041 ZMW per US$1Oct 5, 2026: 19.7204 ZMW per US$1Oct 6, 2026: 19.7751 ZMW per US$1
Sep 7, 2026Oct 6, 2026

19.1641–19.7751 ZMW per US$1 across the displayed observations. The vertical scale follows this range.

View dated observations
Observation dateZMW per US$1
Oct 6, 202619.7751
Oct 5, 202619.7204
Oct 4, 202619.7041
Oct 3, 202619.6924
Oct 2, 202619.6874
Oct 1, 202619.6354
Sep 30, 202619.5838
Sep 29, 202619.5288
Sep 28, 202619.5276
Sep 27, 202619.5266
Sep 26, 202619.5351
Sep 25, 202619.5276
Sep 24, 202619.5395
Sep 23, 202619.5325
Sep 22, 202619.5899
Sep 21, 202619.6329
Sep 20, 202619.6662
Sep 19, 202619.6566
Sep 18, 202619.6516
Sep 17, 202619.6359
Sep 16, 202619.5585
Sep 15, 202619.4364
Sep 14, 202619.3556
Sep 13, 202619.3408
Sep 12, 202619.3367
Sep 11, 202619.3292
Sep 10, 202619.2826
Sep 9, 202619.2521
Sep 8, 202619.1935
Sep 7, 202619.1641

Daily references are not live execution prices. A check time does not change a source observation date.

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SOURCES & DATES

Where the facts come from.

Editorial presentation by American Business Capital Group Inc. The organizations and archive links below are the underlying sources.

Country reference
CIA World Factbook · 2025 archive
Archive retrieved
Oct 6, 2026 · retrieval date, not an observation period
Rate observations
Frankfurter / official reference providers ↗ · each observation is dated separately
  • UN membership is shown separately from territory and currency coverage; inclusion is not a position on sovereignty or boundaries.
  • CIA World Factbook text preserved by World Factbook Archive. Archive edition 2025; individual estimates retain their own dates. These are historical reference facts, not current observations.

About the editions. The CIA announced the end of its online World Factbook on February 4, 2026. Our historical profiles retain the archive editions shown above.

Skyhorse lists The CIA World Factbook 2026–2027, published April 7, 2026 (ISBN 9781510786042). That book’s full text has not been incorporated here; its edition title does not redate the imported archive. Archive distribution license.

Geography is a simplified reference. Displayed boundaries and entity inclusion do not express a position on sovereignty or disputed borders.