Zambia Economic Outlook

  • Growth in real GDP accelerated to 7.3% in 2012 from 6.8% recorded in 2011 while inflation declined to an annual average of 6.5% in 2012 from 8.7% in 2011. In the next two years, growth is expected to remain strong and inflation low.

Zambia and the AfDB

Since 1971, the Bank has committed more than US $1 billion to Zambia through mainly support towards public sector infrastructure projects in agriculture, industry, water and sanitation, energy, social sector (education and health), transport and multi-sector (primarily general budget support). The predominant financing modalities are project loans/grants.


Zambia field office

African Development Bank Group
Banc ABC House, 746 Church Road
Cathedral Hill, PO Box 51449
Ridgeway, Lusaka, ZAMBIA

Tel: (260) 211 257868/69/74
Fax: (260) 211 257872

Mr. Freddie Kwesiga, Resident Representative

Southern Africa Resource Center (SARC)

African Development Bank Group
339 Witch-Hazel Avenue
Highveld Ext. 78
Centurion, South Africa

Tel: +27 12 003 6900

Mr. Ebrima Faal, RRC Director


Key Facts

Capital: Lusaka
Area: 753,000 sq km
Total Population 2012: 13.9 Million
Urban Population 2012: 36.15%
Female Population 2012: 49.86%
GDP: US$ 27.8 Billion
GNI Per Capita 2012: US$ 1,160
Inflation Rate: 6.50%
Crude Birth Rate (per 1000): 46.25%
Human Development Index (rank / 187): 163
Human Development Index (scale 0 to 1): 0.448
Membership Date: 01/09/1966
Cumulative Approvals (1967-2012): UA 890.2 Million

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