IMF Staff Country Reports

This Selected Issues paper and Statistical Appendix examines the economic developments in Zambia during the 1990s. Economic activity recovered significantly in 1996. Real GDP expanded by almost 6½ percent, compared with a cumulative decline of 12½ percent in 1994–95. Good rains stimulated agricultural production, while the other nontraditional and mining sectors also contributed to the turnaround in economic activity. However, owing to a sharp deterioration in the terms of trade, largely on account of falling copper prices, real national income increased by only 2 percent.