Diplomatic representation from the US: chief of mission: Ambassador Martin George BRENNAN 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
economic growth remains below the 5% to 7% necessary to reduce
poverty significantly. 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. Copper output
increased in 2003 and is expected to increase again in 2004, due to
higher copper prices. The maize harvest doubled in 2003, helping
boost GDP by 4.0%. Cooperation continues with international bodies
on programs to reduce poverty, including a new lending arrangement
with the IMF expected in the second quarter, 2004. A tighter
monetary policy will help cut inflation, but Zambia still has a
serious problem with fiscal discipline.
GDP:
purchasing power parity - $8.596 billion (2003 est.)
GDP - real growth rate:
4% (2003 est.)
GDP - per capita:
purchasing power parity - $800 (2003 est.)
GDP - composition by sector: agriculture: 15.3% industry: 27.9% services: 56.9% (2003)
Investment (gross fixed):
45.2% of GDP (2003)
Population below poverty line:
86% (1993)