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

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

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 behind the position seen 10 years ago.

The current account is one of the two primary components of the balance of payments, the other being the capital account.

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%