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Foreign Debt (USD) rose 2.51% to USD 29,029 bil in Zambia in 2023

Foreign Debt (USD) (USD bil), 2023
Economy | Zambia | September 1, 2025
$2.99
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Foreign debt rose 2.51% to USD 29,029 bil in Zambia in 2023, according to the National Statistical Office.

Historically, foreign debt in Zambia reached an all time high of USD 29,546 bil in 2020 and an all time low of USD 814 bil in 1970. When compared to Zambia's main peers, foreign debt in Angola amounted to USD 57,032 bil, USD 34,598 bil in Tanzania, USD 14,213 bil in Zimbabwe and USD 11,067 bil in Dem. Republic of the Congo in 2023.

Zambia has been ranked 40th within the group of 110 countries we follow in terms of foreign debt, 32 places above the position seen 10 years ago.

Foreign Debt (USD) Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Angola USD bil 58,746 61,791 62,292 65,405 66,020
Botswana USD bil 1,732 1,774 1,564 1,603 1,997
Central African Republic USD bil 722 786 850 901 1,120
Congo USD bil 7,328 7,044 8,397 8,224 8,254
Dem. Republic of the Congo USD bil 5,822 5,836 6,503 7,103 9,168
Kenya USD bil 26,951 31,434 34,970 38,038 41,219
Mozambique USD bil 45,974 49,810 54,212 58,664 62,668
Namibia USD bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
South Africa USD bil 175,014 180,184 190,738 175,417 169,438
Tanzania USD bil 21,437 22,372 24,184 25,566 28,526
Uganda USD bil 11,680 12,329 13,993 17,236 19,974
Zambia USD bil 23,779 24,659 29,392 29,546 26,939
Zimbabwe USD bil 12,574 12,689 12,249 12,742 13,818

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