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Country Report Zambia May 2011
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HTMLOutlook for 2011-12: Forecast summary
| Forecast summary | ||||
| (% unless otherwise indicated) | ||||
| 2009a | 2010b | 2011c | 2012c | |
| Real GDP growth | 6.3b | 7.6 | 7.0 | 7.2 |
| Gross industrial growth | 5.4b | 11.2 | 10.4 | 11.7 |
| Gross agricultural production growth | 6.0b | 9.0 | 7.0 | 5.0 |
| Consumer price inflation (av) | 13.4 | 8.5a | 8.4 | 7.2 |
| Consumer price inflation (end-period) | 9.9 | 7.9a | 6.5 | 6.3 |
| Lending interest rate (av) | 22.1 | 20.9a | 19.4 | 18.5 |
| Government balance (% of GDP) | -3.4b | -3.2 | -3.8 | -4.3 |
| Exports of goods fob (US$ m) | 4,319.0 | 7,181.2 | 9,441.0 | 10,864.6 |
| Imports of goods fob (US$ m) | 3,413.0 | 4,675.8 | 6,405.9 | 8,423.7 |
| Current-account balance (US$ m) | -404.0 | 463.9 | 392.6 | -755.4 |
| Current-account balance (% of GDP) | -3.0b | 2.7 | 2.0 | -3.7 |
| External debt (year-end; US$ bn) | 3.0b | 3.4 | 4.1 | 4.8 |
| Exchange rate ZK:US$ (av) | 5,046 | 4,797a | 4,932 | 5,181 |
| Exchange rate ZK:¥100 (av) | 5,385 | 5,459a | 6,033 | 6,396 |
| Exchange rate ZK:€ (av) | 7,029 | 6,360a | 6,731 | 6,709 |
| Exchange rate ZK:SDR (av) | 7,815 | 7,355a | 7,749 | 7,996 |
| a Actual. b Economist Intelligence Unit estimates. c Economist Intelligence Unit forecasts. | ||||
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