The Bank of Zambia presents its quarterly economic briefing, reviewing performance in Q3 2025 and providing an updated outlook.
Economic Highlights:
• Real GDP growth estimated at 4.8% year-on-year • Inflation declined to 7.5% in September 2025 • Current account deficit narrowed to 1.2% of GDP • International reserves at 3.4 months of import cover
Sectoral Performance:
Mining output increased by 8% driven by strong copper prices. Agriculture showed resilience with a 5% expansion. Services grew by 4.2%, supported by tourism and financial services.
The outlook remains positive with projected GDP growth of 4.5% for full-year 2025.
