Country profile · Sovereign risk
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Zambia
Southern Africa·ZMB·ZMW·31 Dec 2025
Currency
ZMW
Public projects
55
Published public projects
Reference data
2021–2024–2025
Macroeconomic periods
Ratings & sovereign risk
RicherFin Ratings
The analysis behind the rating.
The RicherFin file presents risk drivers, their sources and limitations, separately from agency ratings.
| Agency | Rating | Outlook |
|---|---|---|
| Fitch | B- | Stable |
| Moody's | Caa2 | Positive |
| S&P | CCC+ | Stable |
Sources and reference dates are listed below.
Economic indicators
Each indicator retains its period| Indicator | Value | Period |
|---|---|---|
| Real GDP growth | 3.8% | 2025 |
| Central government debt / GDP | 71.4% | 2021 |
| Current account / GDP | -4.4% | 2024 |
| Inflation | 13.9% | 2025 |
| GDP per capita | USD 1,318 | 2025 |
| Trade openness | 62.5% | 2024 |
Access the markets
Existing RicherFin pagesEquities
23 instruments| Ticker | Company | Latest | 1M |
|---|---|---|---|
| AELZ.LZ | African Explosives Zambia PLC | 130 ZMW | +8.18% |
| ATEL.LZ | Airtel Networks Zambia PLC | 138 ZMW | 0.00% |
| BATA.LZ | Zambia Bata Shoe Company PLC | 7 ZMW | 0.00% |
| BATZ.LZ | British American Tobacco (Zambia) PLC | 15 ZMW | +11.54% |
| CCAF.LZ | CEC Africa Investments Ltd | 1 ZMW | 0.00% |
| View more companies · LUSE→ | |||
Public projects & infrastructure
55 projects →Sources & data scope
Economic indicator sources
Real GDP growth · 2025 · World Bank · Primary source →
Central government debt / GDP · 2021 · World Bank · Primary source →
Current account / GDP · 2024 · World Bank · Primary source →
Inflation · 2025 · World Bank · Primary source →
GDP per capita · 2025 · World Bank · Primary source →
Trade openness · 2024 · World Bank · Primary source →