Diplomatic representation from the US: chief of mission: Ambassador David B. DUNN embassy: corner of Independence and United Nations Avenues mailing address: P. O. Box 31617, Lusaka telephone: [260] (1) 250-955 FAX: [260] (1) 252-225
Flag description: green with a panel of three vertical bands of red (hoist side), black, and orange below a soaring orange eagle, on the outer edge of the flag
Economy Zambia
Economy - overview: Despite progress in privatization and budgetary reform, Zambia's economy has a long way to go. Privatization of government-owned copper mines relieved the government from covering mammoth losses generated by the industry and greatly improved the chances for copper mining to return to profitability and spur economic growth. However, low mineral prices have slowed the benefits from privatizing the mines and reduced incentives for further private investment in the sector. In late 2000, Zambia was determined to be eligible for debt relief under the Heavily Indebted Poor Countries (HIPC) initiative, but Zambia has not yet finalized its Poverty Reduction Strategy paper. Unemployment rates remain high, but GDP growth should continue at about 4%. Inflation should remain close to 20%.
GDP: purchasing power parity - $8.5 billion (2001 est.)
GDP - real growth rate: 3.9% (2001 est.)
GDP - per capita: purchasing power parity - $870 (2001 est.)
GDP - composition by sector: agriculture: 24% industry: 25% services: 51% (2000)
Population below poverty line: 86% (1993 est.)
Household income or consumption by percentage share: lowest 10%: 1.1% highest 10%: 41% (1998)