Zambia: Stocks traded, total value (current US$)

Key figures

Over five years it is up 371.95% from US$18.79 million in 2020 (36.39% a year on average, compounded). Since 1994 it is up 22,070% from US$400,000 in 1994 (19.03% a year on average, compounded). The World Bank has no value for 10 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

In 2025, Zambia's stocks traded, total value (current US$) rose 123.4% on 2024 (from US$39.69 million to US$88.68 million).

Across the 18 yearly changes before that (1995 to 2024), the average change was +173.6% and a typical year strayed about 324.1% from that (the standard deviation). This year's change was 0.2 standard deviations below 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 1,109.1% in 1996 and the biggest yearly fall was 83.6% in 1998. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Zambia had the 58th highest value of the 63 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 2025 ranking

• Bulgaria — 55th of 63: US$317.81 million
• Mauritius — 56th of 63: US$259.19 million
• Cyprus — 57th of 63: US$168.13 million
• Luxembourg — 59th of 63: US$77.36 million
• Malta — 60th of 63: US$57.66 million
• Ghana — 61st of 63: US$40.58 million

What this measures

The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values converted to U.S. dollars using corresponding year-end foreign exchange rates.

Limitations: Data cover measures of size (market capitalization, number of listed domestic companies) and liquidity (value of shares traded as a percentage of gross domestic product, value of shares traded as a percentage of market capitalization). The comparability of such data across countries may be limited by conceptual and statistical weaknesses, such as inaccurate reporting and differences in accounting standards. Only EOB trades are included in the total value of shares traded.

Regional and income-group figures are computed by the World Bank as a sum.

All 22 values

Stocks traded, total value (current US$) in nearby economies

• Botswana — US$360.97 million (2025)
• Côte d'Ivoire — US$169.1 million (2020)
• Ghana — US$40.58 million (2025)
• Kenya — US$711.59 million (2025)
• Mauritius — US$259.19 million (2025)
• Namibia — US$22.56 million (2024)
• Nigeria — US$3.27 billion (2025)
• South Africa — US$284.15 billion (2025)

More financial sector data for Zambia

• GDP deflator (base year varies by country) — 415.22 (2025)
• DEC alternative conversion factor (LCU per US$) — US$25.13 (2025)
• Official exchange rate (LCU per US$, period average) — US$25.28 (2025)
• Inflation, GDP deflator (annual % growth) — 5.63% (2025)
• Domestic credit to private sector by banks (% of GDP) — 13.68% (2025)
• Net domestic credit (current LCU) — 172.45 billion (2025)
• Net foreign assets (current LCU) — 85.43 billion (2025)
• Monetary sector credit to private sector (% of GDP) — 13.72% (2025)
• Broad money (current LCU) — 223.14 billion (2025)
• Broad money (% of GDP)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Zambia's stocks traded, total value (current US$)?

US$88.68 million in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1994?

It is up 22,070% from US$400,000 in 1994 (19.03% a year on average, compounded). The highest value was US$173.06 million in 2023 and the lowest US$220,000 in 1995.

How does Zambia rank?

58th highest of 63 economies with data for 2025.

Is the latest change in stocks traded, total value (current US$) unusual for Zambia?

In 2025, Zambia's stocks traded, total value (current US$) rose 123.4% on 2024 (from US$39.69 million to US$88.68 million). Across the 18 yearly changes before that (1995 to 2024), the average change was +173.6% and a typical year strayed about 324.1% from that (the standard deviation). This year's change was 0.2 standard deviations below 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 CM.MKT.TRAD.CD, licensed CC BY 4.0. Original source: World Federation of Exchanges database, World Federation of Exchanges (WFE) 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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