Country Report Zambia May 2011

Data and charts: Quarterly data

	2009				2010
	1 Qtr	2 Qtr	3 Qtr	4 Qtr	1 Qtr	2 Qtr	3 Qtr	4 Qtr
Prices
Consumer prices (1994=100)	148	152	156	159	163	166	168	171
Consumer prices (% change, year on year)	14.3	14.4	13.8	11.2	9.8	8.7	8.1	7.4
Copper, LME (US$/tonne)	3,429	4,663	5,859	6,649	7,232	7,027	7,243	8,636
Financial indicators
Exchange rate ZK:US$ (av)	5,336	5,308	4,874	4,667	4,627	4,919	4,934	4,709
Exchange rate ZK:US$ (end-period)	5,589	5,167	4,723	4,641	4,704	5,156	4,846	4,796
Deposit rate (av; %)	6.59	6.97	7.40	7.40	7.40	7.40	7.40	7.40
Weighted lending base rate (av; %)	20.86	21.58	22.85	22.97	22.66	21.28	20.18	19.54
Treasury bill, 91-day rate (av; %)	15.98	16.08	16.93	12.59	6.40	4.35	7.01	7.34
M1 (end-period; ZK bn)	4,270	4,372	4,871	4,962	5,322	7,331	6,397	6,978
M1 (% change, year on year)	18.5	6.1	7.0	-0.4	24.6	67.7	31.3	40.6
M2 (end-period; ZK bn)	12,891	12,951	13,410	13,845	14,377	16,262	17,734	18,080
M2 (% change, year on year)	26.1	21.2	20.0	7.6	11.5	25.6	32.2	30.6
Sectoral trends
Copper in concentrates, production ('000 tonnes)	170.9	168.4	178.1	175.9	193.7	199.6	228.4	197.5
Copper in concentrates, exports ('000 tonnes)	153.3	157.7	186.9	177.5	198.2	194.2	222.0	208.2
Foreign trade (US$ m)
Exports fob	665.1	908.1	1,338.6	1,385.6	1,668.2	1,763.7	1,766.7	2,040.9
Imports cif	-754.9	-907.0	-966.3	-1,148.1	-1,241.1	-1,271.5	-1,260.7	-1,308.4
Trade balance	-89.8	1.1	372.3	237.5	427.1	492.2	506.0	732.5
Foreign reserves (US$ m)
Reserves excl gold (end-period)	952	1,154	1,757	1,892	1,794	1,756	2,123	2,094
Sources: Bank of Zambia, Statistics Fortnightly; IMF, International Financial Statistics; Direction of Trade Statistics; Haver Analytics.

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