Gross Domestic Product — Value Standard Local Currency in Zambia
Zambia: Gross Domestic Product — Value Standard Local Currency was 688,851 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Zambia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Zambia recorded 688,851 million SLC for gross domestic product — value standard local currency in 2024. That is the highest value across all 55 years on record.
That represents a change of up 23.6% on the previous year and up 319.4% over ten years.
Over the whole period, gross domestic product — value standard local currency in Zambia peaked at 688,851 million SLC in 2024 and was at its lowest, 1.1 million SLC, in 1970.
That places Zambia 117th out of 218 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency in Zambia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 1.1 million SLC | — |
| 1971 | 1.12 million SLC | +1.9% |
| 1972 | 1.32 million SLC | +17.6% |
| 1973 | 1.53 million SLC | +15.9% |
| 1974 | 1.86 million SLC | +21.5% |
| 1975 | 1.71 million SLC | -8.2% |
| 1976 | 1.97 million SLC | +15.4% |
| 1977 | 2.19 million SLC | +10.8% |
| 1978 | 2.48 million SLC | +13.5% |
| 1979 | 3.04 million SLC | +22.4% |
| 1980 | 3.4 million SLC | +12.1% |
| 1981 | 3.49 million SLC | +2.6% |
| 1982 | 3.97 million SLC | +13.7% |
| 1983 | 5.03 million SLC | +26.6% |
| 1984 | 5.79 million SLC | +15.2% |
| 1985 | 8.7 million SLC | +50.3% |
| 1986 | 16.4 million SLC | +88.4% |
| 1987 | 20.07 million SLC | +22.4% |
| 1988 | 28.69 million SLC | +42.9% |
| 1989 | 54.64 million SLC | +90.5% |
| 1990 | 114.94 million SLC | +110.3% |
| 1991 | 218.28 million SLC | +89.9% |
| 1992 | 569.56 million SLC | +160.9% |
| 1993 | 1,482 million SLC | +160.2% |
| 1994 | 2,448 million SLC | +65.2% |
| 1995 | 3,290 million SLC | +34.4% |
| 1996 | 4,345 million SLC | +32.1% |
| 1997 | 5,657 million SLC | +30.2% |
| 1998 | 6,588 million SLC | +16.5% |
| 1999 | 8,130 million SLC | +23.4% |
| 2000 | 11,201 million SLC | +37.8% |
| 2001 | 14,785 million SLC | +32.0% |
| 2002 | 18,447 million SLC | +24.8% |
| 2003 | 23,202 million SLC | +25.8% |
| 2004 | 29,730 million SLC | +28.1% |
| 2005 | 37,189 million SLC | +25.1% |
| 2006 | 45,964 million SLC | +23.6% |
| 2007 | 56,263 million SLC | +22.4% |
| 2008 | 67,089 million SLC | +19.2% |
| 2009 | 77,348 million SLC | +15.3% |
| 2010 | 97,216 million SLC | +25.7% |
| 2011 | 119,026 million SLC | +22.4% |
| 2012 | 127,900 million SLC | +7.5% |
| 2013 | 143,451 million SLC | +12.2% |
| 2014 | 164,238 million SLC | +14.5% |
| 2015 | 180,092 million SLC | +9.7% |
| 2016 | 212,350 million SLC | +17.9% |
| 2017 | 246,510 million SLC | +16.1% |
| 2018 | 275,174 million SLC | +11.6% |
| 2019 | 300,457 million SLC | +9.2% |
| 2020 | 331,364 million SLC | +10.3% |
| 2021 | 442,479 million SLC | +33.5% |
| 2022 | 493,505 million SLC | +11.5% |
| 2023 | 557,406 million SLC | +12.9% |
| 2024 | 688,851 million SLC | +23.6% |
Zambia compared with similar countries
- Zambia's 688,851 million SLC is below the median for lower middle income countries, which is 1.54 million million SLC, 45% of the median. (43 countries reporting)
- Zambia's 688,851 million SLC is below the median for Sub-Saharan Africa, which is 8.81 million million SLC, 8% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency in Zambia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +160.9% | 218.28 million SLC | 569.56 million SLC |
| 1993 | +160.2% | 569.56 million SLC | 1,482 million SLC |
| 1990 | +110.3% | 54.64 million SLC | 114.94 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.83 million SLC | 1.1 million SLC | 3.04 million SLC | 10 |
| 1980s | 15.02 million SLC | 3.4 million SLC | 54.64 million SLC | 10 |
| 1990s | 3,284 million SLC | 114.94 million SLC | 8,130 million SLC | 10 |
| 2000s | 38,122 million SLC | 11,201 million SLC | 77,348 million SLC | 10 |
| 2010s | 186,641 million SLC | 97,216 million SLC | 300,457 million SLC | 10 |
| 2020s | 502,721 million SLC | 331,364 million SLC | 688,851 million SLC | 5 |
Countries ranked near Zambia
More economy & growth data for Zambia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.31 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.92 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 310.54 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0123 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 14.57 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 2.36 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 268.02 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0932 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 110.69 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 28.89 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product — value standard local currency in Zambia?
- Gross domestic product — value standard local currency in Zambia was 688,851 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Zambia?
- The highest recorded value was 688,851 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Zambia?
- The lowest recorded value was 1.1 million SLC in 1970.
- How does Zambia rank for gross domestic product — value standard local currency?
- Zambia ranks 117th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Zambia?
- Over the last ten years it is up 319.4%. The long-run trend across the full record is volatile.
- Where does this Zambia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).