Zambia Oil production Zambia Electricity production

Zambia Economy

Economy - overview:despite progress in privatization and budgetary reform. zambia's economic growth remains somewhat below the 6% to 7% needed to reduce poverty significantly. privatization of government-owned copper mines 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 the opening of new mines. the maize harvest was again good in 2005. helping boost gdp and agricultural exports. cooperation continues with international bodies on programs to reduce poverty. including a new lending arrangement with the imf in the second quarter. 2004. a tighter monetary policy will help cut inflation. but zambia still has a serious problem with high public debt.

GDP (purchasing power parity) : $10.28 billion (2005 est.)

Inflation rate: 19% (2005 est.)

Labor force : 4.8 million (2005 est.)

Industries: copper mining and processing. construction. foodstuffs. beverages. chemicals. textiles. fertilizer. horticulture

Zambia

			Over view
			Geography
			People
			Government
			Economy
			Communications
			Transportation
			Militry

Zambia More Facts

Electricity - production: 8.347 billion kwh (2003)

Oil - production: 130.2 bbl/day (2003 est.)

Zambia More Facts

Exports: $1.947 billion f.o.b. (2005 est.)

Imports : $1.934 billion f.o.b. (2005 est.)
Currency (code) : zambian kwacha (zmk)