ZamStats October 13, 2020

The Zambian Economy grew by 1.4% in 2019 compared to 4.0% in 2018.

The 2019 final annual GDP estimates at constant 2010 prices reveal that the economy grew by 1.4 percent in 2019 compared to 4.0 percent in 2018. Annual national accounts estimates are based on more comprehensive source data relative to quarterly national accounts. Of the 1.4 percent growth, Information & communication, Public administration and defense, Health and Financial & insurance had the largest contributions of 17.9, 8.0, 7.9 and 7.7 percentage points, respectively.

Further, the final 2019 GDP at current prices has been estimated at K300,448.7  million compared to K275,174.5 million in 2018. The Wholesale & retail trade, Mining & quarrying, Construction and Transportation and storage Industries accounted for the highest shares of GDP with 20.1, 14.2, 11.0 and 8.3 percent, respectively; collectively accounting for 53.6 percent.