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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 |
