Zambia GDP Trends from 1980 to 2024: A overall increase with some decline Flow

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.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    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