Real GDP growth slowed to an estimated 2% in 2019, down from 4.0% in 2018. Zambia’s economy was hit by drought in the south and west that lowered 2018/19 agricultural production and hydropower electricity generation considerably. Severe electricity rationing followed, and long periods of electricity load shedding dampened activity in almost all economic sectors. Zambia also faces slower mining, with reduced output and lower copper prices. Economic activity is expected to remain weak, with growth rebounding moderately to 2.4% in 2020 and 2.9% in 2021.
In June 2017, the banking sector of Zambia represented a total asset of $0.53 billion.
Credit distributed to businesses represents $2.1 billion and, more broadly, credit to private sector totaling $2.6 billion.
Lusaka Stock Exchange comprises 24 listed companies, representing, at the end of 2017, a market capitalization of $6.1 billion.