| ECONOMY |
| |
| Overview |
Despite
progress in privatization and budgetary reform, Zambia's economic
growth remains below the 5% to 7% necessary to reduce poverty
significantly. Privatization of government-owned copper mines
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.
However, low mineral prices have slowed the benefits of privatizing
the mines and have reduced incentives for further private
investment in the sector. Cooperation continues with international
bodies on programs to reduce poverty. |
| GDP |
purchasing
power parity - $8.24 billion (2002 est.) |
| GDP
- real growth rate |
2.3% (2002
est.) |
| GDP
- per capita |
purchasing
power parity - $800 (2002 est.) |
| GDP
- composition by sector |
agriculture:
22%
industry: 26%
services: 52% (2001) |
| Population
below poverty line |
86% (1993)
|
| Inflation
rate (consumer prices) |
21% (2002
est.) |
| Labor
force |
4.29 million
(2000) |
| Labor
force - by occupation |
agriculture
85%, industry 6%, services 9% |
| Unemployment
rate |
50% (2000
est.) |
| Industries |
copper mining
and processing, construction, foodstuffs, beverages, chemicals,
textiles, fertilizer, horticulture |
| Industrial
production growth rate |
5.1% (2001
est.) |
