Zambia: Selected Issues and Statistical Appendix

International Monetary Fund

No 1997/118, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper and Statistical Appendix examines the economic developments in Zambia during the 1990s. Economic activity recovered significantly in 1996. Real GDP expanded by almost 6½ percent, compared with a cumulative decline of 12½ percent in 1994–95. Good rains stimulated agricultural production, while the other nontraditional and mining sectors also contributed to the turnaround in economic activity. However, owing to a sharp deterioration in the terms of trade, largely on account of falling copper prices, real national income increased by only 2 percent.

Keywords: ISCR; CR; economic activity; capital expenditure; private sector; broad money; U.S. dollar; structural adjustment; consumer price index; public expenditure; foreign exchange; balance of payments; trade liberalization; Tariffs; Agricultural commodities; Agricultural sector; Imports; Sub-Saharan Africa; East Africa (search for similar items in EconPapers)
Pages: 78
Date: 1997-12-15
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Citations: View citations in EconPapers (6)

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