Zambia - Balance of payments



Zambian trade is normally in rough balance. However, a heavy debt burden gives the country a current account deficit, and hard currency is often in short supply. Total debt service payments in 1997 equaled $277 million, or about 21% of export earnings.

In the early 2000s, the trade deficit worsened due to miningrelated imports needed to reform the privatized copper industry. Nonetheless, an improvement in official and commercial inflows, supported by a resumption of concessional donor support, was expected to prompt a recovery.

The US Central Intelligence Agency (CIA) reports that in 2001 the purchasing power parity of Zambia's exports was $876 million while imports totaled $12.05 billion resulting in a trade deficit of $11.174 billion.

The International Monetary Fund (IMF) reports that in 2000 Zambia had exports of goods totaling $757 million and imports totaling $978 million. The services credit totaled $114 million and debit $340 million. The following table summarizes Zambia's balance of payments as reported by the IMF for 2000 in millions of US dollars.

Zambia

Current Account -584
Balance on goods -221
Balance on services -226
Balance on income -120
Current transfers -18
Capital Account 153
Financial Account -274
Direct investment abroad
Direct investment in Zambia 122
Portfolio investment assets
Portfolio investment liabilities -1
Other investment assets -85
Other investment liabilities -309
Net Errors and Omissions 185
Reserves and Related Items 520

User Contributions:

Report this comment as inappropriate
Jun 10, 2010 @ 7:07 am
Some great stuff. here is some data that you can use for your research
Kelvin Matambo
Report this comment as inappropriate
Oct 14, 2012 @ 12:12 pm
1) Status of balance of payment in Zambia and it position the past 5 years.

Comment about this article, ask questions, or add new information about this topic:

CAPTCHA


Zambia forum