Zambia's GDP changed from approximately $4B 246M in 1980 to $29B 872M in 2024, showing an overall 603.5% sharply increased during the period.
The lowest GDP was recorded in 1986 at $1B 962M, and the highest in 2024 at $29B 872M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.5%.
For comparison, the average annual growth rate of Zimbabwe was 3.7%, and that of Tanzania was 4.6%.
Zambia GDP from 1980 to 2024
The total market value of goods and services produced annually in Zambia.
Overview of Zambia's GDP (1980–2024)
The Gross Domestic Product (GDP) of Zambia recorded a 603.5% sharply increased from 1980 to 2024.
The average GDP during this period was $11B 853M, and the median was $4B 385M.
GDP fluctuated within a range of $27B 910M, with a standard deviation of $9B 928M.
The average annual change was $669M 616K.
Highest and Lowest GDP Records
- Lowest GDP: 1986, $1B 962M
- Highest GDP: 2024, $29B 872M
- Most Recent GDP: 2024, $29B 872M
Notable Annual GDP Changes
- 2022: Significant increase in GDP
- 2015: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Zambia's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $23B 309M → $18B 138M
- Outcome: sharply declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $14B 60M → $15B 332M
- Outcome: increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $3B 601M → $3B 870M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $4B 303M → $3B 538M
- Outcome: sharply declined
Key Economic Indicators of Zambia (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 4B 246M | $ 764.92 | $ 1,406.28 | $ 7B 806M | 3.854 % | -13.867 % | 10.83 % | 0 % | 5M 551K people |
1981 | $ 4B 385M | $ 764.86 | $ 1,589.13 | $ 9B 111M | 6.631 % | -19.809 % | 0.05 % | 0 % | 5M 733K people |
1982 | $ 4B 232M | $ 715.13 | $ 1,587.23 | $ 9B 393M | -2.912 % | -17.505 % | −0.66 % | 0 % | 5M 918K people |
1983 | $ 3B 653M | $ 598.53 | $ 1,580.89 | $ 9B 649M | -1.145 % | -9.017 % | 6.24 % | 0 % | 6M 103K people |
1984 | $ 3B 3M | $ 477.31 | $ 1,561.78 | $ 9B 825M | -1.718 % | -11.068 % | 7.02 % | 0 % | 6M 291K people |
1985 | $ 2B 848M | $ 439.34 | $ 1,583.16 | $ 10B 261M | 1.237 % | -12.289 % | 10.77 % | 0 % | 6M 481K people |
1986 | $ 1B 962M | $ 293.87 | $ 1,594.62 | $ 10B 646M | 1.698 % | -14.602 % | 14.65 % | 0 % | 6M 676K people |
1987 | $ 2B 431M | $ 353.59 | $ 1,610.25 | $ 11B 72M | 1.491 % | -4.275 % | 9.60 % | 0 % | 6M 876K people |
1988 | $ 4B 94M | $ 578.18 | $ 1,768.23 | $ 12B 525M | 9.271 % | 0.369 % | 10.80 % | 0 % | 7M 83K people |
1989 | $ 4B 365M | $ 597.88 | $ 1,717.69 | $ 12B 540M | -3.658 % | -3.459 % | 6.43 % | 0 % | 7M 301K people |
1990 | $ 4B 85M | $ 542.46 | $ 1,717.66 | $ 12B 934M | -0.579 % | -2.279 % | 13.54 % | 0 % | 7M 530K people |
1991 | $ 3B 690M | $ 475.45 | $ 1,711.51 | $ 13B 282M | -0.666 % | 0.241 % | 10.32 % | 0 % | 7M 761K people |
1992 | $ 3B 614M | $ 452.22 | $ 1,734.72 | $ 13B 864M | 2.052 % | -3.276 % | 7.61 % | 0 % | 7M 992K people |
1993 | $ 3B 549M | $ 431.61 | $ 1,724.46 | $ 14B 182M | -0.077 % | -2.479 % | 11.28 % | 0 % | 8M 224K people |
1994 | $ 3B 657M | $ 431.57 | $ 1,481.76 | $ 12B 557M | -13.309 % | 1.29 % | 12.91 % | 0 % | 8M 474K people |
1995 | $ 3B 799M | $ 437.48 | $ 1,519.03 | $ 13B 191M | 2.898 % | -3.825 % | 8.14 % | 0 % | 8M 684K people |
1996 | $ 3B 599M | $ 404.24 | $ 1,602.81 | $ 14B 268M | 6.219 % | -3.388 % | 10.01 % | 0 % | 8M 902K people |
1997 | $ 4B 303M | $ 471.14 | $ 1,649.80 | $ 15B 68M | 3.814 % | -4.23 % | 6.83 % | 0 % | 9M 133K people |
1998 | $ 3B 538M | $ 377.52 | $ 1,619.48 | $ 15B 178M | -0.386 % | -16.121 % | −0.27 % | 0 % | 9M 372K people |
1999 | $ 3B 405M | $ 353.89 | $ 1,674.33 | $ 16B 109M | 4.65 % | -11.348 % | 1.59 % | 0 % | 9M 621K people |