[ Nominal GDP in billions of USD ]
Year -
$25.30 billions
Zambia GDP expanded from 1960 to 2024, increasing from $0.70 billion to $25.30 billion.The compound annual growth rate (CAGR) averaged 5.77% over the period. The economy recorded its peak level in 2022 and its lowest level in 1961. Growth volatility remained high. The maximum drawdown reached 58.6%, indicating the largest cyclical decline from peak levels. The country experienced 13 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 25.30 Billions | $ 89.84 Int Billions |
| Growth (YoY) | -8.249% | 6.331% |
| Net Change vs Previous Year | $ -2.27 Billion | $ 5.35 Int Billion |
| % of World GDP | 0.02% | 0.05% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 0.7 | - | - | - | - | - |
| 1961 | 0.68 | -0.02 | -2.344 % | - | - | - |
| 1962 | 0.68 | 0 | -0.451 % | - | - | - |
| 1963 | 0.7 | 0.03 | 3.689 % | - | - | - |
| 1964 | 0.82 | 0.12 | 16.796 % | - | - | - |
| 1965 | 1.06 | 0.24 | 28.999 % | - | - | - |
| 1966 | 1.24 | 0.18 | 16.755 % | - | - | - |
| 1967 | 1.34 | 0.1 | 8.203 % | - | - | - |
| 1968 | 1.57 | 0.23 | 17.387 % | - | - | - |
| 1969 | 1.93 | 0.35 | 22.409 % | - | - | - |
| 1970 | 1.79 | -0.14 | -7.144 % | - | - | - |
| 1971 | 1.65 | -0.14 | -7.576 % | - | - | - |
| 1972 | 1.87 | 0.22 | 13.256 % | - | - | - |
| 1973 | 2.43 | 0.56 | 30.006 % | - | - | - |
| 1974 | 2.91 | 0.48 | 19.584 % | - | - | - |
| 1975 | 2.44 | -0.47 | -16.088 % | - | - | - |
| 1976 | 2.74 | 0.3 | 12.289 % | - | - | - |
| 1977 | 2.52 | -0.23 | -8.297 % | - | - | - |
| 1978 | 2.81 | 0.3 | 11.757 % | - | - | - |
| 1979 | 3.35 | 0.54 | 19.296 % | - | - | - |
| 1980 | 3.88 | 0.53 | 15.837 % | - | - | - |
| 1981 | 4.01 | 0.12 | 3.182 % | - | - | - |
| 1982 | 3.87 | -0.14 | -3.418 % | - | - | - |
| 1983 | 3.32 | -0.55 | -14.21 % | - | - | - |
| 1984 | 2.72 | -0.6 | -18.113 % | - | - | - |
| 1985 | 2.25 | -0.47 | -17.175 % | - | - | - |
| 1986 | 1.66 | -0.59 | -26.107 % | - | - | - |
| 1987 | 2.27 | 0.6 | 36.099 % | - | - | - |
| 1988 | 3.73 | 1.46 | 64.612 % | - | - | - |
| 1989 | 3.99 | 0.27 | 7.128 % | - | - | - |
| 1990 | 3.29 | -0.71 | -17.681 % | 11.85 | - | - |
| 1991 | 3.38 | 0.09 | 2.689 % | 12.24 | 0.4 | 3.344 % |
| 1992 | 3.18 | -0.19 | -5.745 % | 12.31 | 0.06 | 0.508 % |
| 1993 | 3.27 | 0.09 | 2.85 % | 13.45 | 1.15 | 9.329 % |
| 1994 | 3.66 | 0.38 | 11.709 % | 12.56 | -0.9 | -6.674 % |
| 1995 | 3.81 | 0.15 | 4.107 % | 13.19 | 0.63 | 5.055 % |
| 1996 | 3.6 | -0.21 | -5.51 % | 14.27 | 1.08 | 8.163 % |
| 1997 | 4.3 | 0.71 | 19.628 % | 15.07 | 0.8 | 5.604 % |
| 1998 | 3.54 | -0.77 | -17.79 % | 15.18 | 0.11 | 0.734 % |
| 1999 | 3.4 | -0.13 | -3.772 % | 16.11 | 0.93 | 6.131 % |
| 2000 | 3.6 | 0.2 | 5.768 % | 17.12 | 1.01 | 6.251 % |
| 2001 | 4.09 | 0.49 | 13.715 % | 18.43 | 1.32 | 7.688 % |
| 2002 | 4.19 | 0.1 | 2.428 % | 19.56 | 1.13 | 6.13 % |
| 2003 | 4.9 | 0.71 | 16.882 % | 21.33 | 1.77 | 9.056 % |
| 2004 | 6.22 | 1.32 | 26.913 % | 23.45 | 2.11 | 9.911 % |
| 2005 | 8.33 | 2.11 | 33.929 % | 25.93 | 2.48 | 10.598 % |
| 2006 | 12.76 | 4.42 | 53.109 % | 28.84 | 2.91 | 11.231 % |
| 2007 | 14.06 | 1.3 | 10.191 % | 32.1 | 3.26 | 11.288 % |
| 2008 | 17.91 | 3.85 | 27.416 % | 35.26 | 3.16 | 9.85 % |
| 2009 | 15.33 | -2.58 | -14.419 % | 38.75 | 3.49 | 9.894 % |
| 2010 | 20.27 | 4.94 | 32.21 % | 43.26 | 4.51 | 11.639 % |
| 2011 | 23.46 | 3.19 | 15.761 % | 46.61 | 3.35 | 7.747 % |
| 2012 | 25.5 | 2.04 | 8.711 % | 49.57 | 2.96 | 6.34 % |
| 2013 | 28.04 | 2.53 | 9.937 % | 53.55 | 3.98 | 8.028 % |
| 2014 | 27.14 | -0.9 | -3.197 % | 54.7 | 1.15 | 2.155 % |
| 2015 | 21.25 | -5.89 | -21.701 % | 54.73 | 0.03 | 0.056 % |
| 2016 | 20.96 | -0.29 | -1.378 % | 56.04 | 1.31 | 2.397 % |
| 2017 | 25.87 | 4.92 | 23.452 % | 59.15 | 3.11 | 5.551 % |
| 2018 | 26.31 | 0.44 | 1.692 % | 61.87 | 2.72 | 4.59 % |
| 2019 | 23.31 | -3 | -11.413 % | 62.23 | 0.36 | 0.586 % |
| 2020 | 18.14 | -5.17 | -22.184 % | 60.18 | -2.06 | -3.304 % |
| 2021 | 22.1 | 3.96 | 21.825 % | 68.67 | 8.5 | 14.118 % |
| 2022 | 29.16 | 7.07 | 31.984 % | 77.4 | 8.73 | 12.712 % |
| 2023 | 27.58 | -1.59 | -5.438 % | 84.49 | 7.09 | 9.159 % |
| 2024 | 25.3 | -2.27 | -8.249 % | 89.84 | 5.35 | 6.331 % |
Between 1960 to 2024, Zambia experienced the following economic phases:
The most remarkable growth occurred in 1988 with an increase of 64.612%, while the largest decline was in 1986 at -26.107%.