Goods and services expense in Zambia
Zambia: Goods and services expense was 23.67 billion current LCU in 2024. ◆ Volatile
Goods and services expense in Zambia, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, goods and services expense in Zambia stood at 23.67 billion current LCU.
The figure is down 3.7% on the previous year and up 222.4% over ten years.
Over the whole period, goods and services expense in Zambia peaked at 37.07 billion current LCU in 2022 and was at its lowest, 5.54 million current LCU, in 1990.
Zambia ranks 82nd of 155 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 146.47 million current LCU | 5.54 million current LCU | 414.80 million current LCU | 6 |
| 2000s | 1.56 billion current LCU | 529.39 million current LCU | 2.61 billion current LCU | 9 |
| 2010s | 8.42 billion current LCU | 3.44 billion current LCU | 14.26 billion current LCU | 10 |
| 2020s | 25.60 billion current LCU | 14.47 billion current LCU | 37.07 billion current LCU | 5 |
Countries ranked near Zambia
- 79 Italy 32.52 billion current LCU compare
- 80 Netherlands 32.19 billion current LCU compare
- 81 Egypt 31.58 billion current LCU compare
- 83 Honduras 22.49 billion current LCU compare
- 84 New Zealand 21.84 billion current LCU compare
- 85 United Arab Emirates 19.33 billion current LCU compare
More public sector data for Zambia
- Arms imports 1.00 million SIPRI trend indicator values (2024)
- Tax revenue 18.8% (2024)
- Taxes on income, profits and capital gains 35.1% (2024)
- Taxes on goods and services 31.8% (2024)
- Net investment in nonfinancial assets 5.2% (2024)
- Net lending (+) / net borrowing (-) -3.2% (2024)
- Interest payments 28.3% (2024)
- Grants and other revenue 25.3% (2024)
- Interest payments 26.5% (2021)
- Other taxes 2.5% (2024)
Frequently asked questions
- What is goods and services expense in Zambia?
- Goods and services expense in Zambia was 23.67 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Zambia?
- The highest recorded value was 37.07 billion current LCU in 2022.
- What is the lowest goods and services expense recorded in Zambia?
- The lowest recorded value was 5.54 million current LCU in 1990.
- How does Zambia rank for goods and services expense?
- Zambia ranks 82nd out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Zambia?
- Over the last ten years it is up 222.4%. The long-run trend across the full record is volatile.
- Where does this Zambia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.