Current Account Balance (As % of GDP) rose 13.9% to -3.42% in Zambia in 2019

Current Account Balance (As % of GDP) (%), 2019
Economy | Zambia | January 1, 2020
$2.99
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Current account balance as a share of GDP rose 13.9% to -3.42% in Zambia in 2019, according to the National Statistical Office.

Historically, current account balance as a share of GDP in Zambia reached an all time high of 1.29% in 1994 and an all time low of -3.97% in 2018. When compared to Zambia's main peers, current account balance as a share of GDP in Angola amounted to -1.87%, -5.53% in Tanzania, -5.56% in Zimbabwe and -1.78% in Dem. Republic of the Congo in 2019.

Zambia has been ranked 97th within the group of 172 countries we follow in terms of current account balance as a share of GDP, 73 places below the position seen 10 years ago.

Current Account Balance (As % of GDP) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Angola % -0.005% -2.15% -1.87% -0.357% -0.166%
Botswana % 0.123% 8.71% 7.68% 7.48% 8.39%
Central African Republic % -8.43% -8.93% -8.37% -7.57% -6.27%
Congo % -12.9% 9.15% 12.4% 7.66% 2.25%
Dem. Republic of the Congo % -0.032% -0.013% -1.78% -2.56% -2.72%
Kenya % -0.063% -5.64% -5.26% -4.79% -4.70%
Mozambique % -0.204% -18.2% -44.8% -64.3% -85.5%
Namibia % -0.063% -6.02% -7.64% -6.17% -5.74%
South Africa % -0.026% -3.21% -3.51% -3.51% -3.61%
Tanzania % -0.031% -4.29% -5.53% -5.12% -4.69%
Uganda % -0.049% -6.91% -8.90% -9.01% -8.25%
Zambia % -0.039% -3.97% -3.42% -2.98% -2.78%
Zimbabwe % -0.014% -5.78% -5.56% -5.45% -5.26%