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Gross Capital Formation (USD) rose 10.2% to USD 8,672 bil in Zambia in 2023

Gross Capital Formation (USD) (USD bil), 2023
Economy | Zambia | September 1, 2025
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Gross capital formation rose 10.2% to USD 8,672 bil in Zambia in 2023, according to the National Statistical Office.

Historically, gross capital formation in Zambia reached an all time high of USD 10,609 bil in 2017 and an all time low of USD 0.099 bil in 1964. When compared to Zambia's main peers, gross capital formation in Angola amounted to USD 20,183 bil, USD 32,417 bil in Tanzania, USD 5,734 bil in Zimbabwe and USD 21,436 bil in Dem. Republic of the Congo in 2023.

Zambia has been ranked 90th within the group of 153 countries we follow in terms of gross capital formation, 3 places below the position seen 10 years ago.

Gross Capital Formation (USD) Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Angola USD bil 14,197 12,558 12,848 17,582 27,411
Botswana USD bil 4,412 5,155 4,896 5,131 5,444
Central African Republic USD bil 577 578 605 638 580
Congo USD bil 4,362 3,620 2,722 3,258 3,318
Dem. Republic of the Congo USD bil 9,800 10,663 11,985 15,227 20,705
Kenya USD bil 17,865 19,415 19,781 22,370 21,807
Mozambique USD bil 6,905 6,336 6,381 6,527 8,159
Namibia USD bil 2,041 1,923 1,474 2,172 2,511
South Africa USD bil 65,533 61,595 41,725 53,858 62,727
Tanzania USD bil 21,876 24,244 25,599 28,041 31,117
Uganda USD bil 8,011 9,025 9,105 9,762 11,027
Zambia USD bil ... ... ... ... ... ... 10,153 9,151 5,848 6,931 7,869 ...
Zimbabwe USD bil 4,833 3,549 3,532 4,224 4,791