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Zambia real GDPZambia real GDPZambia real GDP

Zambia real GDP

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Key data points


Last release
—
Observation period
2023
Next release
—
Forecast
—
Highest
‪443.36 B‬ ZMW on Dec 31, 2021
Lowest
‪2.45 B‬ ZMW on Dec 31, 1994

About Zambia real GDP


Category
GDP
Source
Central Statistical Office
Frequency
Annual
Units
ZMW

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Frequently Asked Questions


Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. Then nominal GDP (GDP adjusted for inflation) is divided by this deflator, yielding real GDP. Nominal GDP is usually higher than real GDP because inflation is typically a positive number.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
In 2023 Zambia real GDP was 162.24 B ZMW, and the previous year it amounted to 153.97 B ZMW.