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Zambia

Zambia's economy has experienced strong growth in recent years, with real GDP growth in 2005-08 about 6% per year. Privatization of government-owned copper mines in the 1990s relieved the government from covering mammoth losses generated by the industry and greatly improved the chances for copper mining to return to profitability and spur economic growth. Copper output has increased steadily since 2004, due to higher copper prices and foreign investment. In 2005, Zambia qualified for debt relief under the Highly Indebted Poor Country Initiative, consisting of approximately USD 6 billion in debt relief. Poverty re...  More..

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Economy of Zambia
SOURCE: CIA - The World Factbook
Currency Zambian Kwacha
Fiscal Year 01 January - 31 December
GDP (PPP) $18.5 billion (2009 est.)
GDP (per capita) $1,500 (2009 est.)
Exports $4.388 billion (2009 est.)
Imports $4.131 billion (2009 est.)
Main Industries Copper Mining and Processing, Construction, Foodstuffs, Beverages, Chemicals, Textiles, Fertilizer, Horticulture
Exports - Commodities Copper/Cobalt 64%, Cobalt, Electricity; Tobacco, Flowers, Cotton
Imports - Commodities Machinery, Transportation Equipment, Petroleum Products, Electricity, Fertilizer; Foodstuffs, Clothing
Exports Partners China 13.8%, South Africa 8.2%, Democratic Republic of the Congo 7.8%, Saudi Arabia 7.6%, South Korea 7.6%, Egypt 7.4%, Italy 6.7%, India 4.6% (2008)
Imports Partners South Africa 52.5%, UAE 8.2%, China 6.9% (2008)

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