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COMMENTS

ZAMBIA (US $ m, unless otherwise stated)

 

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

Population (millions)

10.2

10.3

10.5

10.8

11.1

11.1

11.1

Nominal GDP at market prices ( US $ m )

3,132

3,239

3,640

3,776

4,318

5,448

7,269

10,705

11,582

14,800

Real GDP growth rate, %

4.9

3.7

4.9

3.3

5.1

5.4

5.0

6.2

6.2

6.0

GDP per capita, USD

307.1

314.5

346.7

349.6

389.0

490.8

654.9

907.3

952.4

1,181.5

Private Consumption as % of GDP

81.4

87.4

87.1

86.8

81.1

63.8

68.7

49.1

56.8

59.3

Inflation rate, %

20.6

30.1

18.8

26.7

17.2

17.5

15.9

8.2

8.9

16.6

Merchandise exports as % of GDP

24.1

23.0

24.3

24.3

24.6

32.6

29.7

35.6

39.9

32.0

Merchandise imports as % of GDP

27.8

30.2

34.4

31.9

32.3

31.7

29.7

24.2

31.8

29.9

Capital account of balance of payments ( U S $ m )

153

153

222

236

240

239

2080

2,632.8

222.8

230.0

Foreign direct investment as % of GDP

5.2

3.8

2.0

8.0

8.0

6.7

6.6

5.7

11.6

6.2

Overall balance on balance of payments ( U S $ m )

-334

-418

-289

-331

-275

-343

70

264.0

352.3

28.6

Terms of Trade (percentage change)

-7.9

-4.3

-1.3

-7.3

4.4

21.4

5.5

1.8

0.3

 

Average exchange rate:  ZMK to USD

2388

3111

3608

4307

4743

4772

4464

3,602.10

4,002.52

3,745.23

Foreign exchange reserves expressed in terms of months of import cover

0.5

1.0

0.8

2.1

1.3

1.2

1.6

2.2

2.5

2.1

Total external debt as % of GDP

204.6

193.0

199.7

171.8

151.6

130.0

n.a.

16.7

18.4

14.3

Total external debt service as % of exports

14.7

15.7

13.1

10.9

14.6

18.3

6.7

1.7

18.7

 

Central bank discount rate (end of year), %

46.2

44.1

52.5

34.0

20.2

18.3

17.1

10.7

13.5

15.9

Prime lending rate (average for year), %

40.3

39.1

45.8

45.3

40.5

30.9

28.2

23.2

18.9

19.1

Growth rate of M2 money supply, %

28.8

77.9

13.1

29.3

23.5

25.8

1.2

48.6

23.0

20.9

Domestic credit to government ( U S $ m )

290.3

433.7

495.5

405.0

24.5

23.3

51.6

561.6

484.2

478.4

Domestic credit to private sector (US $ m)

292.1

363.2

339.5

218.8

255.9

260.0

472.4

693.2

1,120.8

1,128.9