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    Zambia Index 2006

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    Zambia Economy - 2006
    http://www.theodora.com/wfbcurrent/zambia/zambia_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      Economy - overview:
      Despite progress in privatization and budgetary reform, Zambia's economic growth remains somewhat below the 6%-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 of 2004. A tighter monetary policy will help cut inflation, but Zambia still has a serious problem with high public debt.

      GDP (purchasing power parity):
      $10.23 billion (2005 est.)

      GDP (official exchange rate):
      $5.521 billion (2005 est.)

      GDP - real growth rate:
      5% (2005 est.)

      GDP - per capita (PPP):
      $900 (2005 est.)

      GDP - composition by sector:
      agriculture: 21.7%
      industry: 29.5%
      services: 48.8% (2005 est.)

      Labor force:
      4.8 million (2005 est.)

      Labor force - by occupation:
      agriculture: 85%
      industry: 6%
      services: 9%

      Unemployment rate:
      50% (2000 est.)

      Population below poverty line:
      86% (1993)

      Household income or consumption by percentage share:
      lowest 10%: 1.1%
      highest 10%: 41% (1998)

      Distribution of family income - Gini index:
      52.6 (1998)

      Inflation rate (consumer prices):
      19% (2005 est.)

      Investment (gross fixed):
      25.9% of GDP (2005 est.)

      Budget:
      revenues: $1.688 billion
      expenditures: $1.866 billion; including capital expenditures of $NA (2005 est.)

      Public debt:
      104.2% of GDP (2005 est.)

      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:
      9.8% (2005 est.)

      Electricity - production:
      8.347 billion kWh (2003)

      Electricity - consumption:
      5.345 billion kWh (2003)

      Electricity - exports:
      2 billion kWh (2003)

      Electricity - imports:
      0 kWh (2003)

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

      Oil - consumption:
      12,250 bbl/day (2003 est.)

      Oil - exports:
      NA bbl/day

      Oil - imports:
      NA bbl/day

      Natural gas - production:
      0 cu m (2003 est.)

      Natural gas - consumption:
      0 cu m (2003 est.)

      Current account balance:
      -$327 million (2005 est.)

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

      Exports - commodities:
      copper/cobalt 64%, cobalt, electricity; tobacco, flowers, cotton

      Exports - partners:
      South Africa 25.6%, UK 17%, Switzerland 16%, Tanzania 7.4%, Democratic Republic of the Congo 7%, Zimbabwe 5.8% (2004)

      Imports:
      $1.934 billion f.o.b. (2005 est.)

      Imports - commodities:
      machinery, transportation equipment, petroleum products, electricity, fertilizer; foodstuffs, clothing

      Imports - partners:
      South Africa 46.2%, UK 14.2%, UAE 7.1%, Zimbabwe 6% (2004)

      Reserves of foreign exchange and gold:
      $500 million (2005 est.)

      Debt - external:
      $5.866 billion (2005 est.)

      Economic aid - recipient:
      $640.6 million (2002)

      Currency (code):
      Zambian kwacha (ZMK)

      Exchange rates:
      Zambian kwacha per US dollar - 4,463.5 (2005), 4,778.9 (2004), 4,733.3 (2003), 4,398.6 (2002), 3,610.9 (2001)

      Fiscal year:
      calendar year


      NOTE: The information regarding Zambia on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Zambia Economy 2006 information contained here. All suggestions for corrections of any errors about Zambia Economy 2006 should be addressed to the CIA.

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    http://www.theodora.com/wfbcurrent/zambia/zambia_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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