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close this bookThe Courier N 121 March-april 1990- Dossier Refugees - Country Reports: Botswana - Zambia (EC Courier, 1990, 104 p.)
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close this folderZambia: Copper, a fickle friend
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Map of Zambia

Area:

752 620 km².

Population:

7.5 million (estimate mid-1988).

Birth rate:

3.7% per annum.

Urban population:

53%, increasing by 6.6% per annum.

Main towns:

Lusaka (capital, 870 000 inhab.); Kitwe (472 000 inhab.); Ndola (443000 inhab.); Kabwe, Mufulira, Chingola, Luanshya, Linvingstone (98 000 inhab.).

GDP:

(kwacha): at current prices 18 080 million (1987); it amounted to k 12 954 in 1986; at constant (1980) prices, 1986 GDP was 3 209 million kwacha.

GDP per capita:

2 487 kwacha; at constant (September 1989) prices: $ 156 and at 1988 official rate of exchange it was estimated at $ 538.

Exports:

Copper (90%); cotton, coffee, tobacco (total 2%) and some stock farming products to Za and Gabon.

Imports:

Food crops, equipment.

Main trading partners:

EEC Member States, USA.

External debt:

$ 7 ten; it was $4.354 bn in 1987 (22% of GDP).

Debt service:

83 % of export receipts.

Currency equivalents

Currency Unit Zambian Kwacha (K).

US$ 1.00 = K 6.33 (Quarterly average for July-September 1986).
K 1.00 = US$ 0.16.

As of October 1, 1985, the value of the Zambian Kwacha was set by a weekly foreign exchange auction conducted by the Bank of Zambia. The following are average annual exchange rates for selected years. But since two or three years ago a fixed exchange rate had again been adopted.

1970

K 1.00 = US$ 1.40

1975

K 1.00 = US$ 1.55

1980

K 1.00 = US$ 1.27

1981

K 1.00 = US$ 1.15

1982

K 1.00 = US$ 1.08

1983

K 1.00 = US$ 0.80

1984

K 1.00 = US$ 0.56

1985

K 1.00 = US$ 0.37

1989 (September)

K 1.00 = US$ 0.06

Source. World Bank.