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%.

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.


Zambia GDP from 1980 to 2024

The total market value of goods and services produced annually in Zambia.

Change Chart

    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