Zambia's final consumption expenditure (current LCU) was 401.95 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 304.11% from 99.47 billion in 2014 (14.99% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 401.95 billion | 2024 |
| Five years earlier | 179.85 billion | 2019 |
| Ten years earlier | 99.47 billion | 2014 |
| Highest | 401.95 billion | 2024 |
| Lowest | 62.19 billion | 2010 |
| Average since 2015 | 208.31 billion | 2015–2024 |
| First recorded | 62.19 billion |
What the numbers say
In 2024, Zambia's final consumption expenditure (current LCU) rose 19.4% on 2023 (from 336.77 billion to 401.95 billion).
Across the 13 yearly changes before that (2011 to 2023), the average change was +14.3% and a typical year strayed about 9.7% from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 36.3% in 2023 and the biggest yearly fall was 3.8% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 28.9 billion a year. A straight line explains 85% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Zambia had the 14th highest value of the 37 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Zambia in the 2024 ranking
- New Caledonia — 11th of 37: 848.39 billion
- Zimbabwe — 12th of 37: 794.49 billion
- French Polynesia — 13th of 37: 737.4 billion
- New Zealand — 15th of 37: 337.09 billion
- Bolivia — 16th of 37: 326.75 billion
- Bhutan — 17th of 37: 206.57 billion
What this measures
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 15 values
| Year | Final consumption expenditure (current LCU) |
|---|---|
| 2024 | 401,954,335,900 |
| 2023 | 336,773,052,900 |
| 2022 | 247,148,576,800 |
| 2021 | 210,233,867,200 |
| 2020 | 173,007,652,200 |
| 2019 | 179,853,432,300 |
| 2018 | 158,518,514,100 |
| 2017 | 132,156,713,800 |
| 2016 | 130,884,027,700 |
| 2015 | 112,550,885,100 |
Final consumption expenditure (current LCU) in nearby economies
- Angola — 80.56 trillion (2024)
- Benin — 9.6 trillion (2025)
- Botswana — 207.88 billion (2025)
- Burkina Faso — 12.51 trillion (2025)
- Burundi — 12.88 trillion (2025)
- Cabo Verde — 281.09 billion (2025)
- Cameroon — 29.82 trillion (2025)
- Central African Republic — 1.87 trillion (2025)
- Chad — 8.37 trillion (2025)
- Comoros — 874.7 billion (2025)
More economic policy & debt data for Zambia
- Agriculture, forestry, and fishing, value added (current US$) — US$1.19 billion (2025)
- Agriculture, forestry, and fishing, value added (current LCU) — 29.79 billion (2025)
- Agriculture, forestry, and fishing, value added (% of GDP) — 4.11% (2025)
- Manufacturing, value added (current US$) — US$2.53 billion (2025)
- Manufacturing, value added (current LCU) — 63.49 billion (2025)
- Manufacturing, value added (% of GDP) — 8.75% (2025)
- Industry, including construction, value added (current US$) — US$10.2 billion (2025)
- Industry, including construction, value added (current LCU) — 256.39 billion (2025)
- Industry, including construction, value added (% of GDP)
Reading data like this
Questions people ask
- What is Zambia's final consumption expenditure (current LCU)?
- 401.95 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is up 546.33% from 62.19 billion in 2010 (14.26% a year on average, compounded). The highest value was 401.95 billion in 2024 and the lowest 62.19 billion in 2010.
- How does Zambia rank?
- 14th highest of 37 economies with data for 2024.
- Is the latest change in final consumption expenditure (current LCU) unusual for Zambia?
- In 2024, Zambia's final consumption expenditure (current LCU) rose 19.4% on 2023 (from 336.77 billion to 401.95 billion). Across the 13 yearly changes before that (2011 to 2023), the average change was +14.3% and a typical year strayed about 9.7% from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.CON.TOTL.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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