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Zambia's economy has experienced strong growth in recent years, with real GDP growth in 2005-08 about 6% per year. Privatization of government-owned copper mines in the 1990s relieved the government from covering mammoth losses generated by the industry and greatly improved the chances for copper mining to return to profitability and spur economic growth. Copper output has increased steadily since 2004, due to higher copper prices and foreign investment. In 2005, Zambia qualified for debt relief under the Highly Indebted Poor Country Initiative, consisting of approximately USD 6 billion in debt relief. Poverty remains a significant problem in Zambia, despite a stronger economy. The decline in world commodity prices and demand hurt GDP growth in 2009, but a sharp rebound in copper prices and a bumper maize crop have helped Zambia begin to recover. Lack of economic diversity subjects Zambia to fluctuations in copper prices and in the weather.
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$18.46 billion (2009 est.)
country comparison to the world: 129
$17.37 billion (2008 est.)
$16.43 billion (2007 est.)
note:
data are in 2009 US dollars
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$13 billion (2009 est.)
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6.3% (2009 est.)
country comparison to the world: 15
5.7% (2008 est.)
6.2% (2007 est.)
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$1,600 (2009 est.)
country comparison to the world: 195
$1,500 (2008 est.)
$1,400 (2007 est.)
note:
data are in 2009 US dollars
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agriculture: 19.7%
industry:
32.4%
services:
47.9% (2009 est.)
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5.398 million (2009 est.)
country comparison to the world: 69
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agriculture: 85%
industry:
6%
services:
9% (2004)
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50% (2000 est.)
country comparison to the world: 191
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86% (1993)
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lowest 10%: 1.2%
highest 10%:
38.8% (2004)
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50.8 (2004)
country comparison to the world: 21
52.6 (1998)
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20.2% of GDP (2009 est.)
country comparison to the world: 93
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revenues: $2.308 billion
expenditures:
$2.777 billion (2009 est.)
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25.5% of GDP (2009 est.)
country comparison to the world: 93
28.4% of GDP (2008 est.)
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13.4% (2009 est.)
country comparison to the world: 211
12.4% (2008 est.)
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14.49% (31 December 2008)
country comparison to the world: 29
11.73% (31 December 2007)
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19.06% (31 December 2008)
country comparison to the world: 21
18.89% (31 December 2007)
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$1.034 billion (31 December 2008)
country comparison to the world: 113
$995.8 million (31 December 2007)
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$1.618 billion (31 December 2008)
country comparison to the world: 106
$1.709 billion (31 December 2007)
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$2.138 billion (31 December 2008)
country comparison to the world: 97
$1.968 billion (31 December 2007)
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$NA (31 December 2008)
country comparison to the world: 92
$2.346 billion (31 December 2007)
$1.186 billion (31 December 2006)
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corn, sorghum, rice, peanuts, sunflower seed, vegetables, flowers, tobacco, cotton, sugarcane, cassava (tapioca), coffee; cattle, goats, pigs, poultry, milk, eggs, hides
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copper mining and processing, construction, foodstuffs, beverages, chemicals, textiles, fertilizer, horticulture
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11% (2009 est.)
country comparison to the world: 3
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9.752 billion kWh (2007 est.)
country comparison to the world: 93
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8.838 billion kWh (2007 est.)
country comparison to the world: 90
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268 million kWh (2007)
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222 million kWh (2008 est.)
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159.5 bbl/day (2009 est.)
country comparison to the world: 109
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16,000 bbl/day (2009 est.)
country comparison to the world: 134
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275 bbl/day (2007 est.)
country comparison to the world: 131
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14,730 bbl/day (2007 est.)
country comparison to the world: 125
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0 bbl
country comparison to the world: 105
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0 cu m (2008 est.)
country comparison to the world: 110
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0 cu m (2008 est.)
country comparison to the world: 171
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0 cu m (2008 est.)
country comparison to the world: 97
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0 cu m (2008 est.)
country comparison to the world: 112
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0 cu m (1 January 2009 est.)
country comparison to the world: 118
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-$102 million (2009 est.)
country comparison to the world: 74
-$618.9 million (2008 est.)
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$4.375 billion (2009 est.)
country comparison to the world: 106
$4.957 billion (2008 est.)
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copper/cobalt 64%, cobalt, electricity; tobacco, flowers, cotton
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China 21.37%, Saudi Arabia 8.93%, Democratic Republic of the Congo 8.55%, South Korea 8.32%, Egypt 8.08%, South Africa 6.96%, India 5% (2009)
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$3.735 billion (2009 est.)
country comparison to the world: 128
$4.555 billion (2008 est.)
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machinery, transportation equipment, petroleum products, electricity, fertilizer; foodstuffs, clothing
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South Africa 51.78%, UAE 7.7%, China 5.85%, Democratic Republic of the Congo 4.22% (2009)
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$2.562 billion (31 December 2009 est.)
country comparison to the world: 105
$1.096 billion (31 December 2008 est.)
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$3.313 billion (31 December 2009 est.)
country comparison to the world: 116
$3.095 billion (31 December 2008 est.)
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$NA
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$NA
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Zambian kwacha (ZMK) per US dollar - 5,237.4 (2009), 3,512.9 (2008), 3,990.2 (2007), 3,601.5 (2006), 4,463.5 (2005)
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