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Zambia

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12 views3 pages

Zambia

Uploaded by

cristobaljetrholuis
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Name: Jetrho Luis M.

Cristobal Yr&Program: Bse – Social Studies 3

COMPARATIVE ECONOMIC PLANNING

ZAMBIA

According to World Bank Organization, Zambia is a large, landlocked, resource-rich country with
sparsely populated land in the center of Southern Africa. It shares its border with eight countries
(Angola, Botswana, Democratic Republic of Congo, Malawi, Mozambique, Namibia, Tanzania, and
Zimbabwe) that expands its regional market for goods and services.

The territory of Zambia was known as Northern Rhodesia from 1911 to 1964. It was renamed
Zambia in October 1964 on its independence from British rule. The name Zambia derives from the
Zambezi River (Zambezi may mean "the grand river").

Siyabona says that Zambia is famous for pioneering the walking safari. Some say Zambia is the best
kept secret in Africa, an undiscovered mecca for a variety of safari and game viewing activities. It is
a raw slice of Africa friendly and with many unspoilt wild places worthy of any pioneer.

Zambia is the 'Real Africa' – It gives you a raw, untamed nature, from the Walking Safaris to the
plentiful water bodies, the vegetation, to its colorful and joyous people, the sounds of the
wilderness, to the authentic lodges, camps and hotels, not forgetting the never-ending
concentration of animals big and small.

According to DataReportal The population of Zambia stood at 20.85 million in January 2024. Data
shows that Zambia's population increased by 560 thousand (+2.8 percent) between early 2023 and
the start of 2024. 50.7 percent of Zambia's population is female, while 49.3 percent of the
population is male.

Zambia is a landlocked country in southern Africa, with a tropical climate, and consists mostly of
high plateaus with some hills and mountains, dissected by river valleys.
Zambia experiences a predominantly sub-tropical climate characterized by three distinct seasons: a
hot and dry season (mid-August to mid-November), a wet rainy season (mid-November to April)
and a cool dry season (May to mid-August).

According to United Nations Development Programee Zambia's Human Development Index value
for 2021 is 0.565 — which put the country in the medium human development category—
positioning it at 154 out of 191 countries and territories.

Zambia's economy is highly dependent on mining and agriculture, but despite its abundant
resources, growth has been insufficient to lift its young and growing population from poverty. In
the decade ending in 2021, growth averaged 3.7 percent, with high volatility in mining and the
weather-dependent agricultural sector.

Zambia ranks among the countries with the highest levels of poverty and inequality globally.
Poverty reached 60% of the population in 2022, up from 54.4% in 2015, worsened by limited job
creation and declining labor earnings.

Real GDP has grown steadily, from 5.2% in 2022 to 5.8% in 2023, driven by wholesale and retail
trade, agriculture, and mining and quarrying on the supply side and by household and corporate
consumption on the demand side.

Today copper mining is central to the economic prospects for Zambia and covers 85% of all the
country's exports, but concerns remain that the economy is not diversified enough to cope with a
collapse in international copper prices.

Zambia's economy is improving rapidly. However, living conditions have hardly improved over
recent years. People are still struggling to get access to basic survival resources and are living in
unsanitary conditions that give rise to chronic diseases.

Zambia belongs to the least developed countries' (LDCs) and landlocked developing countries'
(LLDCs) groups.

Zambia has a mixed economy in which there is a variety of private freedom, combined with
centralized economic planning and government regulation.

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