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Prices & public finance · Sub-Saharan Africa · Lower-middle income

Zambia: prices, money and public finance

Inflation is 13.9% (2025), 16th of 180 in the world and 9th of 44 in Sub-Saharan Africa. GDP deflator is 5.6% (2025), 53rd of 209 in the world and 18th of 46 in Sub-Saharan Africa. Lending rate is 9.5% (2020), 60th of 136 in the world and 24th of 36 in Sub-Saharan Africa.

Inflation13.9%2025 · world 16/180 · region 9/44GDP deflator5.6%2025 · world 53/209 · region 18/46Lending rate9.5%2020 · world 60/136 · region 24/36Real interest rate-3.9%2020 · world 127/136 · region 33/36
Inflation
ZambiaSub-Saharan AfricaLower-middle incomeWorld
0%20%40%60%1995200020052010201520202025Zambia13.9%Sub-Saharan AfricaLower-middle incomeWorld
GDP deflator
ZambiaSub-Saharan AfricaLower-middle incomeWorld
0%10%20%30%40%1995200020052010201520202025Zambia5.6%Sub-Saharan AfricaLower-middle incomeWorld
14 indicators

Prices & public finance: Zambia in detail

Latest reported value, world rank and rank within Sub-Saharan Africa; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.

IndicatorLatestWorld rankIn region~2000~2010~202010-year changeRegionIncome groupWorldSince 2000
InflationInflation, consumer prices, annual %13.9%202516/1809/4426.0%8.5%15.7%+3.8 ppsince 20153.4%3.6%3.0%
GDP deflatorInflation, GDP deflator, annual %5.6%202553/20918/4632.6%14.0%13.9%−1.0 ppsince 20154.1%5.0%3.3%
Lending rateLending interest rate, %9.5%202060/13624/3638.8%20.9%9.5%−11.4 ppsince 2010———
Real interest rateReal interest rate, %-3.9%2020127/13633/364.7%6.1%-3.9%−10.0 ppsince 2010———
Exchange rateOfficial exchange rate, local currency per US$25.28202590/21037/473.114.8018.34+193%since 2015———
Tax revenueTax revenue, % of GDP18.8%202453/1429/3216.5%200112.8%16.4%+3.1 ppsince 2014—12.1%13.9%
Government revenueGovernment revenue excluding grants, % of GDP23.4%202484/14210/3217.5%200114.4%19.6%+5.7 ppsince 2014—14.2%24.0%
Government expenseGovernment expense, % of GDP25.1%202179/1429/3214.1%200114.7%25.4%+10.6 ppsince 2011—15.7%28.5%
Government debtCentral government debt, % of GDP71.4%202120/783/15161.2%199817.3%103.5%+53.4 ppsince 2011———
External debtExternal debt stocks, % of GNI114.2%20249/1194/43168.7%22.9%167.5%+77.9 ppsince 2014—30.1%—
Private creditDomestic credit to private sector, % of GDP19.2%2025133/16917/42·13.7%201115.2%−0.6 ppsince 201531.7%38.7%140.3%
Broad moneyBroad money, % of GDP30.8%2025119/14621/4221.7%18.4%31.2%+5.0 ppsince 201542.6%67.4%135.7%
Reserves, months of importsTotal reserves in months of imports3.32024111/16519/321.93.62.2+4.8%since 20146.17.78.6
Military spendingMilitary expenditure, % of GDP1.26%2025102/15624/451.65%19991.38%1.17%−0.5 ppsince 20151.13%1.92%2.48%
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.

Better than ten years ago

Worse than ten years ago

Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).

neighbours

Zambia and its neighbours

Countries sharing a land border with Zambia. Latest values since 2005; the highest in each row is marked.

IndicatorZambiaDemocratic Republic of the CongoTanzaniaAngolaMozambiqueMalawi
Inflation13.9%20252.9%20163.3%202520.2%20254.4%202528.4%2025
GDP deflator5.6%20257.8%20255.1%202520.5%2025-1.0%202530.4%2025
Lending rate9.5%202024.1%202516.7%202019.4%202517.5%202537.1%2024
Real interest rate-3.9%202015.1%20259.6%2020-0.9%202518.7%202510.0%2024
Exchange rate25.2820252,693.2420252,597.902024911.99202563.9120241,161.092023
Tax revenue18.8%202410.7%202212.3%20247.6%202421.8%202415.6%2024
Government revenue23.4%202413.2%202214.0%202418.2%202424.5%202415.9%2024
Government expense25.1%202112.4%202216.3%202414.6%201926.0%202220.2%2022
Government debt71.4%202114.9%2022——71.8%202461.8%2023
Democratic Republic of the Congo: prices & public financeTanzania: prices & public financeAngola: prices & public financeMozambique: prices & public financeMalawi: prices & public finance
Prices & public finance in Sub-Saharan Africaall 48 economies rankedPrices & public finance: lower-middle-income countries47 economies rankedPrices & public finance: world leaderboardstop and bottom countriesZambia: all key statisticscountry profile