The composition of Zambia's GDP in 2023 reflects a diverse economic structure. The services sector contributes significantly to the GDP with 27.15%, closely followed by wholesale, retail trade, restaurants, and hotels at 24.59%. Mining, manufacturing, and utilities also play a critical role, making up 24.38% of the GDP. Construction accounts for 11.37%, while transport, storage, and communication contribute 7.42%. Agriculture, hunting, forestry, and fishing comprise a lesser portion at 5.08%. These figures highlight a balanced economy with a strong presence of both traditional industries and services.
Future trends to watch for:
- Growth in the services sector driven by technological advancements and increased consumer spending.
- Expansion in wholesale and retail, bolstered by urbanization and an expanding middle class.
- Continued reliance on mining and manufacturing, potentially impacted by global commodity prices.
- Infrastructure development stimulating growth in the construction sector.
- Potential for growth in agriculture through improved techniques and investments in sustainability.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 27.15 | 2016 | |
| 2 | 2 Wholesale, retail trade, restaurants and hotels | 24.59 | 2016 | |
| 3 | 3 Mining, Manufacturing, Utilities | 24.38 | 2016 | |
| 4 | 4 Construction | 11.37 | 2016 | |
| 5 | 5 Transport, storage and communication | 7.42 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 5.08 | 2016 |
