North America

Central & South America

Europe

Africa

Asia & Middle East

Southeast Asia & Oceania

map

Zambia Business Report

General information
Source: The World Factbook - Central Intelligence Agency
flag
Population
16,445,079 (July 2018 est.)
GDP (PPP)
$68.93 billion (2017 est.)

Second-largest producer of copper in Africa

GDP growth rate
3.4% (2017 est.)

Zambia's economy is dependent on copper prices, therefore the country's GDP growth rate fluctuates considerably

GDP (PPP) per capita
$4,000 (2017 est.)

Zambia is a lower middle-income country but extreme poverty remains widespread especially in rural areas

Local currency
Zambian kwacha (ZMK)

Weak currency dependent on commodity prices and subject to wide fluctuations

Financial stability (Public debt)
63.1% of GDP (2017 est.)

Given that most of the debt is external, the level is high with growing concerns about financial stability

Inflation
6.6% (2017 est.)

Medium to high, slowing sharply from 17.9% in 2016

Language
Bemba 33.4%, Nyanja 14.7%, Tonga 11.4%, Lozi 5.5%, English (official) 1.7%, among others

English (official language) is the most commonly used second language

Corruption perception index (Source: Transparency International)
105/180

Very high level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
0.16
VAT is applicable to supplies of standard-rated goods and services
Corporate Tax
0.35
Mining activities are taxed at 30% plus royalty tax from 5% to 10%
Duties
N/A
Goods imported are subject to customs duties plus import VAT at standard rate. In 2017, a surtax of 5% was introduced on selected goods that are imported into the country.

Are you interested in Zambia business?

Visit our Explore Opportunities page and connect with thousands of companies in Africa that are looking for a partner abroad.

Exports from Africa are in great demand from all over the world, you just need to find the right Africa opportunity for your business.

Whether you are looking for Zambia export, Zambia import, or to invest in Zambia, you can use Globartis for doing business in Zambia.

You can look for Zambian companies or for companies in Lusaka, the capital city and one of the best places for Africa opportunity in business.

Join now for free and start doing business in Central Africa! Find partners for your Africa business on Globartis!

Copyright © Globartis 2021 - Version 3.1.7 - Last update 06-jun-21 - Powered with by  Giplo