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    Zambia Economy - 1991

      Overview: The economy has been in decline for more than a decade with falling imports and growing foreign debt. Economic difficulties stem from a sustained drop in copper production and ineffective economic policies. In 1990 real GDP stood only slightly higher than that of 10 years before, while an annual population growth of more than 3% has brought a decline in per capita GDP of 25% during the same period. A high inflation rate has also added to Zambia's economic woes in recent years.

      GDP: $4.7 billion, per capita $580; real growth rate - 2% (1990)

      Inflation rate (consumer prices): 80% (1990)

      Unemployment rate: NA%

      Budget: revenues $1.5 billion; expenditures $1.5 billion, including capital expenditures of $300 million (1991 est.)

      Exports: $1.1 million (f.o.b., 1990); commodities--copper, zinc, cobalt, lead, tobacco; partners--EC, Japan, South Africa, US

      Imports: $1.1 million (c.i.f., 1990); commodities--machinery, transportation equipment, foodstuffs, fuels, manufactures; partners--EC, Japan, South Africa, US

      External debt: $7.2 billion (December 1990)

      Industrial production: growth rate 2.9% (1990); accounts for one-third of GDP

      Electricity: 1,900,000 kW capacity; 8,245 million kWh produced, 1,050 kWh per capita (1989)

      Industries: copper mining and processing, transport, construction, foodstuffs, beverages, chemicals, textiles, and fertilizer

      Agriculture: accounts for 15% of GDP and 85% of labor force; crops--corn (food staple), sorghum, rice, peanuts, sunflower, tobacco, cotton, sugarcane, cassava; cattle, goats, beef, eggs; marginally self-sufficient in corn

      Economic aid: US commitments, including Ex-Im (1970-89), $484 million; Western (non-US) countries, ODA and OOF bilateral commitments (1970-88), $4.5 billion; OPEC bilateral aid (1979-89), $60 million; Communist countries (1970-89), $533 million

      Currency: Zambian kwacha (plural--kwacha); 1 Zambian kwacha (ZK) = 100 ngwee

      Exchange rates: Zambian kwacha (ZK) per US$1--43.2900 (January 1991), 28.9855 (1990), 12.9032 (1989), 8.2237 (1988), 8.8889 (1987), 7.3046 (1986), 2.7137 (1985)

      Fiscal year: calendar year

      NOTE: The information regarding Zambia on this page is re-published from the 1991 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Zambia Economy 1991 information contained here. All suggestions for corrections of any errors about Zambia Economy 1991 should be addressed to the CIA.

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    Revised 08-Feb-03
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