Zambia

Zambia is a country with a moderately expanding economic environment, supported by efforts toward stabilisation and reforms aimed at improving growth. In 2024, the economy registered a real GDP growth rate of 4.04%, signalling a relatively stable expansion trajectory, while inflation was recorded at 14.99%, reflecting ongoing price pressures and macroeconomic adjustments. With a population of approximately 21.3 million people, Zambia’s GDP was estimated at about USD 26.33 billion in 2024, indicating a growing economic base with potential for further structural advancement. The country’s Human Development Index of 0.595 in 2023 demonstrates gradual improvement in social wellbeing, though significant development gaps remain. Employment among individuals aged 15 and above stands at 59.42%, indicating a moderate level of labour force participation, with a working-age population of about 10.4 million. Zambia shares borders with eight countries, positioning it strategically for regional trade and economic integration. Ongoing efforts toward economic diversification, stabilisation and human development continue to shape Zambia’s medium-term growth outlook.