Zambia Current Account Balance: % of GDP
Key information about Zambia Current Account Balance: % of GDP
- Zambia Current Account deficit accounted for 2.0 % of the country's Nominal GDP in Dec 2023, compared with a 4.4 % surplus in the previous year.
- Zambia Current Account Balance: % of Nominal GDP data is updated yearly, available from Dec 2010 to Dec 2023, with an average value of 1.6 %.
- The data reached an all-time high of 12.8 % in Dec 2020 and a record low of -3.3 % in Dec 2016.
CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The Bank of Zambia provides Current Account Balance in USD, calculated according to IMF methodology. Zambia Statistics Agency provides Nominal GDP in local currency. Bank of Zambia average market exchange rate is used for currency conversions.
Key information about Zambia Current Account Balance: % of GDP
- In the latest reports of Zambia, Current Account recorded a deficit of 231.2 USD mn in Dec 2023.
- Foreign Direct Investment (FDI) increased by 27.0 USD mn in Dec 2023.
- Zambia Direct Investment Abroad expanded by 39.9 USD mn in Dec 2023.
- Its Foreign Portfolio Investment fell by 85.4 USD mn in Dec 2023.
- The country's Nominal GDP was reported at 28.2 USD bn in Dec 2023.
View Zambia's Current Account Balance: % of GDP from 2010 to 2023 in the chart:
What was Zambia's Current Account Balance: % of GDP in 2023?
Zambia Current Account deficit accounted for 2.0 % of the country's Nominal GDP in Dec 2023, compared with a 4.4 % surplus in the previous year. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
-2.0 2023 | 4.4 2022 | -3.3 2016 | 12.8 2020 | % | yearly | 2010 - 2023 |
Current Account Balance: % of GDP by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 6.6 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
Algeria (%) | 1.6 Jun 2023 | quarterly | Mar 2007 - Jun 2023 |
Argentina (%) | -2.2 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
Armenia (%) | 2.7 Dec 2023 | quarterly | Dec 1994 - Dec 2023 |
Australia (%) | 1.8 Dec 2023 | quarterly | Sep 1959 - Dec 2023 |
Austria (%) | 1.7 Sep 2023 | quarterly | Mar 1970 - Sep 2023 |
Azerbaijan (%) | 8.9 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
Bahrain (%) | 15.2 Dec 2022 | quarterly | Mar 2018 - Dec 2022 |
Bangladesh (%) | -0.5 2023 | yearly | 1998 - 2023 |
Belarus (%) | -1.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Belgium (%) | 1.4 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Bolivia (%) | -6.2 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Bosnia and Herzegovina (%) | -2.8 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
Botswana (%) | -16.3 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
Brazil (%) | -2.7 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
Brunei (%) | -20.4 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
Bulgaria (%) | -0.6 Mar 2024 | quarterly | Sep 1999 - Mar 2024 |
Cambodia (%) | -1.1 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
Canada (%) | -0.2 Dec 2023 | quarterly | Mar 1957 - Dec 2023 |
Chile (%) | -0.1 Mar 2024 | quarterly | Mar 1996 - Mar 2024 |
China (%) | 1.0 Mar 2024 | quarterly | Mar 1998 - Mar 2024 |
Colombia (%) | -2.3 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Croatia (%) | -5.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Cyprus (%) | -11.2 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
Czech Republic (%) | 0.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Denmark (%) | 7.7 Mar 2024 | quarterly | Mar 1990 - Mar 2024 |
Ecuador (%) | 1.7 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Egypt (%) | 1.3 Dec 2022 | quarterly | Sep 2001 - Dec 2022 |
Estonia (%) | 0.3 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
European Union (%) | 2.2 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Finland (%) | 1.5 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
France (%) | -0.9 Mar 2024 | quarterly | Mar 1997 - Mar 2024 |
Georgia (%) | -6.8 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Germany (%) | 7.1 Mar 2024 | quarterly | Mar 1991 - Mar 2024 |
Ghana (%) | 0.2 Sep 2023 | quarterly | Mar 2006 - Sep 2023 |
Greece (%) | -12.6 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Hong Kong SAR, China (%) | 9.0 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Hungary (%) | -1.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Iceland (%) | -2.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
India (%) | -1.2 Dec 2023 | quarterly | Jun 2004 - Dec 2023 |
Indonesia (%) | 0.9 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
Iran (%) | 0.6 2023 | yearly | 1997 - 2023 |
Ireland (%) | -0.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Israel (%) | 9.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Italy (%) | 1.5 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Ivory Coast (%) | -6.3 2022 | yearly | 1975 - 2022 |
Japan (USD mn) | 14,232.0 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
Jordan (%) | 3.0 Dec 2023 | quarterly | Mar 1992 - Dec 2023 |
Kazakhstan (%) | -2.2 Dec 2023 | quarterly | Dec 1997 - Dec 2023 |
Kenya (%) | -2.3 Mar 2023 | quarterly | Mar 2009 - Mar 2023 |
South Korea (USD mn) | 6,361.5 Mar 2024 | monthly | Jan 1980 - Mar 2024 |
Kosovo (%) | -15.4 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
Kuwait (%) | 32.9 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
Kyrgyzstan (%) | -60.7 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
Laos (%) | -3.0 2022 | yearly | 1984 - 2022 |
Latvia (%) | -1.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Lebanon (%) | -4.4 2020 | yearly | 2002 - 2020 |
Lithuania (%) | 4.2 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Luxembourg (%) | 7.0 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Macau SAR, China (%) | 11.4 2022 | yearly | 2002 - 2022 |
North Macedonia (%) | -3.0 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Malawi (%) | -14.2 2021 | yearly | 1977 - 2021 |
Malaysia (%) | 3.5 Mar 2024 | quarterly | Mar 2000 - Mar 2024 |
Malta (%) | 0.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Mauritius (%) | -3.4 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Mexico (%) | -2.7 Mar 2024 | quarterly | Mar 1993 - Mar 2024 |
Moldova (%) | -11.2 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Mongolia (%) | -5.8 Mar 2024 | quarterly | Mar 2000 - Mar 2024 |
Montenegro (%) | -24.6 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
Morocco (%) | -0.5 Dec 2023 | quarterly | Mar 2014 - Dec 2023 |
Mozambique (%) | -37.4 2022 | yearly | 1980 - 2022 |
Nepal (%) | -1.3 2023 | yearly | 2001 - 2023 |
Netherlands (%) | 8.5 Dec 2023 | quarterly | Mar 1987 - Dec 2023 |
New Zealand (%) | -6.7 Dec 2023 | quarterly | Jun 1987 - Dec 2023 |
Nigeria (%) | 1.9 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
Norway (%) | 17.2 Dec 2023 | quarterly | Mar 1981 - Dec 2023 |
Oman (%) | -4.9 2021 | yearly | 1980 - 2021 |
Pakistan (%) | -1.0 2023 | yearly | 1977 - 2023 |
Palestinian Territory (%) | -16.1 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
Panama (%) | -18.8 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Paraguay (%) | -1.2 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Peru (%) | 1.0 Mar 2024 | quarterly | Mar 1990 - Mar 2024 |
Philippines (%) | -4.3 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
Poland (%) | 1.3 Mar 2024 | quarterly | Mar 2000 - Mar 2024 |
Portugal (%) | -0.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Qatar (%) | 17.3 Sep 2023 | quarterly | Mar 2011 - Sep 2023 |
Romania (%) | -7.1 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Russia (%) | 2.1 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
Saudi Arabia (%) | 1.6 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
Serbia (%) | -5.5 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Singapore (%) | 21.6 Mar 2024 | quarterly | Mar 1986 - Mar 2024 |
Slovakia (%) | -3.6 Dec 2023 | quarterly | Mar 1997 - Dec 2023 |
Slovenia (%) | 5.3 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
South Africa (%) | -2.3 Dec 2023 | quarterly | Mar 1960 - Dec 2023 |
Spain (%) | 2.2 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Sri Lanka (%) | 1.1 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
Sudan (%) | -8.5 2021 | yearly | 1977 - 2021 |
Sweden (%) | 7.1 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Switzerland (%) | 7.6 Dec 2023 | quarterly | Mar 1983 - Dec 2023 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -8.5 2021 | yearly | 2001 - 2021 |
Consolidated Fiscal Balance (USD mn) | -41.396 Feb 2024 | monthly | Nov 2015 - Feb 2024 |
Tax Revenue (USD mn) | 744.085 Feb 2024 | monthly | Nov 2015 - Feb 2024 |
Government Debt: % of GDP (%) | 40.9 2023 | yearly | 2014 - 2023 |
Forecast: Government Expenditure (ZMK bn) | 302.449 2029 | yearly | 2000 - 2029 |
Forecast: Government Net Debt (ZMK bn) | 654.326 2023 | yearly | 2000 - 2023 |
Forecast: Government Revenue (ZMK bn) | 262.874 2029 | yearly | 2000 - 2029 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 4.533 2028 | yearly | 2000 - 2028 |
Trade Balance (USD mn) | 95.3 Apr 2024 | monthly | Jan 2003 - Apr 2024 |
Total Exports (USD mn) | 860.4 Mar 2024 | monthly | Jan 2003 - Mar 2024 |
Total Exports Growth (%) | 26.3 Mar 2024 | monthly | Jan 2004 - Mar 2024 |
Aluminum: Exports (USD th) | 1,710.822 2022 | yearly | 1995 - 2022 |
Exports: Medicament (USD th) | 2,186.716 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 905.677 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 797.5 Apr 2024 | monthly | Jan 2003 - Apr 2024 |
Total Imports Growth (%) | -4.8 Mar 2024 | monthly | Jan 2004 - Mar 2024 |
Imports: Medicament (USD th) | 263,152.229 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 119,354.130 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 6.815 Jan 2022 | monthly | Jan 1981 - Jan 2022 |
Total Imports from USA (USD mn) | 15.878 Feb 2024 | monthly | Jan 1981 - Feb 2024 |
Total Exports to China (USD mn) | 201.215 Apr 2024 | monthly | Nov 1998 - Apr 2024 |
Total Imports from China (USD mn) | 100.102 Apr 2024 | monthly | Jul 1992 - Apr 2024 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Direct Investment Abroad (USD mn) | 39.9 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Current Account Balance (USD mn) | -231.2 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Current Account Balance: % of GDP (%) | -2.0 2023 | yearly | 2010 - 2023 |
Foreign Direct Investment (USD mn) | 27.0 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Foreign Direct Investment: % of GDP (%) | -3.9 2021 | yearly | 2010 - 2021 |
Foreign Portfolio Investment (USD mn) | -85.358 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Foreign Portfolio Investment: % of GDP (%) | -1.3 2023 | yearly | 2010 - 2023 |
Foreign Portfolio Investment: Equity Securities (USD mn) | -0.2 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Foreign Portfolio Investment: Debt Securities (USD mn) | -85.167 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
External Debt (USD mn) | 23,717.1 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
External Debt: % of GDP (%) | 84.2 2023 | yearly | 2011 - 2023 |
Forecast: Current Account Balance (USD bn) | 3.941 2029 | yearly | 1980 - 2029 |
Net International Investment Position (USD mn) | -27,613.340 2022 | yearly | 2006 - 2022 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 4.4 Sep 2023 | monthly | Jan 2011 - Sep 2023 |
Non-Performing Loans (USD mn) | 134.908 Sep 2023 | monthly | Jan 2011 - Sep 2023 |
Money Supply M1 (USD mn) | 2,378.067 Feb 2024 | monthly | Jan 1997 - Feb 2024 |
Money Supply M2 (USD mn) | 6,155.166 Feb 2024 | monthly | Jan 1997 - Feb 2024 |
M2 Growth (%) | 13.3 Feb 2024 | monthly | Jan 1998 - Feb 2024 |
Reserve Requirement Ratio (%) | 26.0 Mar 2024 | monthly | Jan 2004 - Mar 2024 |
Foreign Exchange Reserves (USD mn) | 3,215.4 Jan 2024 | monthly | Jan 2010 - Jan 2024 |
Foreign Exchange Reserves: Months of Import (NA) | 4.3 Jan 2024 | monthly | Jan 2010 - Jan 2024 |
Total Deposits (USD mn) | 7,523.390 Sep 2023 | monthly | Jan 2001 - Sep 2023 |
Total Deposits Growth (%) | 27.5 Sep 2023 | monthly | Jan 2002 - Sep 2023 |
Domestic Credit (USD mn) | 5,804.2 Feb 2024 | monthly | Dec 2001 - Feb 2024 |
Domestic Credit Growth (%) | 26.3 Feb 2024 | monthly | Dec 2002 - Feb 2024 |
Total Loans (USD mn) | 3,041.003 Sep 2023 | monthly | Jan 2001 - Sep 2023 |
Total Loans Growth (%) | 38.13 Sep 2023 | monthly | Jan 2002 - Sep 2023 |
Private Debt: % of Nominal GDP (%) | 10.21 2022 | yearly | 1965 - 2022 |
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