NA

International organization participation:

ACP, AfDB, AU, C, COMESA, FAO, G-77, IAEA, IBRD, ICAO, ICCt, ICRM,
IDA, IFAD, IFC, IFRCS, ILO, IMF, Interpol, IOC, IOM, IPU, ISO
(correspondent), ITSO, ITU, ITUC, MIGA, MINURCAT, MONUC, NAM, OPCW,
PCA, SADC, UN, UNAMID, UNCTAD, UNESCO, UNHCR, UNIDO, UNMIL, UNMIS,
UNOCI, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO

Diplomatic representation in the US:

chief of mission: Ambassador Inonge MBIKUSITA-LEWANIKA chancery: 2419 Massachusetts Avenue NW, Washington, DC 20008 telephone: (202) 265-9717 through 9719 FAX: (202) 332-0826

Diplomatic representation from the US:

chief of mission: Ambassador Donald E. BOOTH embassy: corner of Independence and United Nations Avenues, Lusaka mailing address: P. O. Box 31617, Lusaka telephone: (211) 250-955 FAX: (211) 252-225

Flag description:

green field with a panel of three vertical bands of red (hoist side), black, and orange below a soaring orange eagle, on the outer edge of the flag

Economy
Zambia

Economy - overview:

Zambia's economy has experienced modest growth in recent years, with real GDP growth in 2005-07 between 5-6% 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. Zambia experienced a bumper harvest in 2007, which helped to boost GDP and agricultural exports and contain inflation. Although poverty continues to be significant problem in Zambia, its economy has strengthened, featuring single-digit inflation, a relatively stable currency, decreasing interest rates, and increasing levels of trade.

GDP (purchasing power parity):

$16.1 billion (2007 est.)

GDP (official exchange rate):

$11.16 billion (2007 est.)

GDP - real growth rate:

6% (2007 est.)

GDP - per capita (PPP):

$1,400 (2007 est.)

GDP - composition by sector:

agriculture: 17.4% industry: 26.1% services: 56.5% (2007 est.)

Labor force:

4.989 million (2007 est.)

Labor force - by occupation:

agriculture: 85% industry: 6% services: 9% (2004)

Unemployment rate:

50% (2000 est.)

Population below poverty line:

86% (1993)

Household income or consumption by percentage share:

lowest 10%: 1.2% highest 10%: 38.8% (2004)

Distribution of family income - Gini index:

50.8 (2004)

Investment (gross fixed):

26.2% of GDP (2007 est.)

Budget:

revenues: $2.655 billion expenditures: $2.8 billion (2007 est.)

Fiscal year:

calendar year

Public debt:

28.1% of GDP (2007 est.)

Inflation rate (consumer prices):

10.6% (2007 est.)

Central bank discount rate:

11.73% (31 December 2007)

Commercial bank prime lending rate:

18.89% (31 December 2007)

Stock of money:

$995.8 million (31 December 2007)

Stock of quasi money:

$1.709 billion (31 December 2007)

Stock of domestic credit:

$1.968 billion (31 December 2007)

Agriculture - products:

corn, sorghum, rice, peanuts, sunflower seed, vegetables, flowers, tobacco, cotton, sugarcane, cassava (tapioca), coffee; cattle, goats, pigs, poultry, milk, eggs, hides

Industries:

copper mining and processing, construction, foodstuffs, beverages, chemicals, textiles, fertilizer, horticulture

Industrial production growth rate:

6.3% (2007 est.)

Electricity - production:

9.289 billion kWh (2006 est.)

Electricity - consumption:

8.625 billion kWh (2006 est.)

Electricity - exports:

255 million kWh (2006)

Electricity - imports:

68 million kWh (2007 est.)

Electricity - production by source:

fossil fuel: 0.5% hydro: 99.5% nuclear: 0% other: 0% (2001)

Oil - production:

150 bbl/day (2007 est.)

Oil - consumption:

14,760 bbl/day (2006 est.)

Oil - exports:

190.6 bbl/day (2005)

Oil - imports:

13,810 bbl/day (2005)

Oil - proved reserves: