Zambia Economic Outlook

  • Zambia’s economy remains strong with growth expected to increase above 6% in 2015/16 after a decline in GDP growth from 6.7% in 2013 to 5.7% due mainly to waning copper production. Inflation is expected to fall below 7.0% by 2017.
  • Governance and democratic processes continue to gather strength, with the recent presidential by-elections reinforcing Zambia’s status as a peaceful and stable country.
  • Poverty, at over 60%, remains significant despite strong economic performance along the main transport corridors and reduced poverty in the large urban agglomerations.

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

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. Kennedy Mbekeani, Officer-in-Charge

Key Facts

Capital: Lusaka
Area: 753,000 sq km
Total Population 2015: 14.5 Million
Urban Population 2015: 40.03%
Female Population 2015: 50.12%
GDP: US$ 25.6 Billion
GNI Per Capita 2015: US$ 1,350
Inflation Rate: 7.10%
Crude Birth Rate (per 1000): 42.82%
Human Development Index (rank / 187): 163
Human Development Index (scale 0 to 1): 0.448
Membership Date: 01/09/1966
Cumulative Approvals (1967-2015): UA 1.3 Billion

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