Compare Zambia (2008) - Zambia (2007)

Compare Zambia (2008) z Zambia (2007)

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	Zambia (2008)	Zambia (2007)

Background	The territory of Northern Rhodesia was administered by the [British] South Africa Company from 1891 until it was taken over by the UK in 1923. During the 1920s and 1930s, advances in mining spurred development and immigration. The name was changed to Zambia upon independence in 1964. In the 1980s and 1990s, declining copper prices and a prolonged drought hurt the economy. Elections in 1991 brought an end to one-party rule, but the subsequent vote in 1996 saw blatant harassment of opposition parties. The election in 2001 was marked by administrative problems with three parties filing a legal petition challenging the election of ruling party candidate Levy MWANAWASA. The new president launched an anticorruption investigation in 2002 to probe high-level corruption during the previous administration. In 2006-2007, this task force successfully prosecuted four cases, including a landmark civil case in the UK in which former President CHILUBA and numerous others were found liable for USD 41 million. MWANAWASA was reelected in 2006 in an election that was deemed free and fair.	The territory of Northern Rhodesia was administered by the [British] South Africa Company from 1891 until it was taken over by the UK in 1923. During the 1920s and 1930s, advances in mining spurred development and immigration. The name was changed to Zambia upon independence in 1964. In the 1980s and 1990s, declining copper prices and a prolonged drought hurt the economy. Elections in 1991 brought an end to one-party rule, but the subsequent vote in 1996 saw blatant harassment of opposition parties. The election in 2001 was marked by administrative problems with three parties filing a legal petition challenging the election of ruling party candidate Levy MWANAWASA. The new president launched an anticorruption task force in 2002, but the government has yet to make a prosecution. The Zambian leader was reelected in 2006 in an election that was deemed free and fair.
Budget	revenues: $2.508 billion expenditures: $2.838 billion (2007 est.)	revenues: $2.309 billion expenditures: $2.486 billion (2006 est.)
Debt - external	$2.798 billion (31 December 2007 est.)	$2.513 billion (2006 est.)
Economic aid - recipient	$504 million (2007)	$945 million (2005)
Economy - overview	Zambia's economy has experienced modest growth in recent years, with real GDP growth in 2005-07 between 5-6% 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. Zambia experienced a bumper harvest in 2007, which helped to boost GDP and agricultural exports and contain inflation. Although poverty continues to be significant problem in Zambia, its economy has strengthened, featuring single-digit inflation, a relatively stable currency, decreasing interest rates, and increasing levels of trade.	Despite progress in privatization and budgetary reform, Zambia's economic growth in 2005-06 remained somewhat below the 6-7% per year needed 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. Copper output has increased steadily since 2004, due to higher copper prices and the opening of new mines. The maize harvest was good again in 2005, helping to boost GDP and agricultural exports. Cooperation continues with international bodies on programs to reduce poverty, including a new lending arrangement with the IMF in the second quarter of 2004. A tighter monetary policy will help cut inflation, but Zambia still has a serious problem with high public debt.
Exchange rates	Zambian kwacha per US dollar - 3,990.2 (2007), 3,601.5 (2006), 4,463.5 (2005), 4,778.9 (2004), 4,733.3 (2003)	Zambian kwacha per US dollar - 3,601.5 (2006), 4,463.5 (2005), 4,778.9 (2004), 4,733.3 (2003), 4,398.6 (2002)
Exports	169 bbl/day (2004)	NA bbl/day
GDP - composition by sector	agriculture: 17.6% industry: 26% services: 56.5% (2007 est.)	agriculture: 18% industry: 25.7% services: 56.3% (2006 est.)
GDP - real growth rate	6% (2007 est.)	5.8% (2006 est.)
Imports	13,370 bbl/day (2004)	NA bbl/day
Industrial production growth rate	6.2% (2007 est.)	10.1% (2006 est.)
Inflation rate (consumer prices)	8.9% (2007 est.)	9% (2006 est.)
International organization participation	ACP, AfDB, AU, C, COMESA, FAO, G-77, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, Interpol, IOC, IOM, IPU, ISO (correspondent), ITSO, ITU, ITUC, MIGA, NAM, OPCW, PCA, SADC, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNMEE, UNMIL, UNMIS, UNOCI, UNWTO, UPU, WCL, WCO, WHO, WIPO, WMO, WTO	ACP, AfDB, AU, C, COMESA, FAO, G-77, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, Interpol, IOC, IOM, IPU, ISO (correspondent), ITSO, ITU, ITUC, MIGA, MONUC, NAM, OPCW, PCA, SADC, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNMEE, UNMIL, UNMIS, UNWTO, UPU, WCL, WCO, WHO, WIPO, WMO, WTO
Labor force	4.989 million (2007 est.)	4.92 million (2006 est.)
Pipelines	oil 771 km (2007)	oil 771 km (2006)
Telephone system	general assessment: facilities are aging but still among the best in Sub-Saharan Africa domestic: high-capacity microwave radio relay connects most larger towns and cities; several cellular telephone services in operation and network coverage is improving; Internet service is widely available; very small aperture terminal (VSAT) networks are operated by private firms international: country code - 260; satellite earth stations - 2 Intelsat (1 Indian Ocean and 1 Atlantic Ocean)	general assessment: facilities are aging but still among the best in Sub-Saharan Africa domestic: high-capacity microwave radio relay connects most larger towns and cities; several cellular telephone services in operation; Internet service is widely available; very small aperture terminal (VSAT) networks are operated by private firms international: country code - 260; satellite earth stations - 2 Intelsat (1 Indian Ocean and 1 Atlantic Ocean)
Telephones - main lines in use	93,400 (2006)	94,700 (2005)
Telephones - mobile cellular	1,663,300 (2006)	949,600 (2005)

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