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@ -685,7 +685,7 @@
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},
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"Economy": {
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"Economic overview": {
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"text": "<p>Zambia had one of the world’s fastest growing economies for the ten years up to 2014, with real GDP growth averaging roughly 6.7% per annum, though growth slowed during the period 2015 to 2017, due to falling copper prices, reduced power generation, and depreciation of the kwacha. Zambia’s lack of economic diversification and dependency on copper as its sole major export makes it vulnerable to fluctuations in the world commodities market and prices turned downward in 2015 due to declining demand from China; Zambia was overtaken by the Democratic Republic of Congo as Africa’s largest copper producer. GDP growth picked up in 2017 as mineral prices rose.</p><p></p><p>Despite recent strong economic growth and its status as a lower middle-income country, widespread and extreme rural poverty and high unemployment levels remain significant problems, made worse by a high birth rate, a relatively high HIV/AIDS burden, by market-distorting agricultural and energy policies, and growing government debt. Zambia raised $7 billion from international investors by issuing separate sovereign bonds in 2012, 2014, and 2015. Concurrently, it issued over $4 billion in domestic debt and agreed to Chinese-financed infrastructure projects, significantly increasing the country’s public debt burden to more than 60% of GDP. The government has considered refinancing $3 billion worth of Eurobonds and significant Chinese loans to cut debt servicing costs.</p>"
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"text": "<p>Zambia had one of the world’s fastest growing economies for the ten years up to 2014, with real GDP growth averaging roughly 6.7% per annum, though growth slowed during the period 2015 to 2017, due to falling copper prices, reduced power generation, and depreciation of the kwacha. Zambia’s lack of economic diversification and dependency on copper as its sole major export makes it vulnerable to fluctuations in the world commodities market and prices turned downward in 2015 due to declining demand from China; Zambia was overtaken by the Democratic Republic of Congo as Africa’s largest copper producer. GDP growth picked up in 2017 as mineral prices rose.</p> <p> </p> <p>Despite recent strong economic growth and its status as a lower middle-income country, widespread and extreme rural poverty and high unemployment levels remain significant problems, made worse by a high birth rate, a relatively high HIV/AIDS burden, by market-distorting agricultural and energy policies, and growing government debt. Zambia raised $7 billion from international investors by issuing separate sovereign bonds in 2012, 2014, and 2015. Concurrently, it issued over $4 billion in domestic debt and agreed to Chinese-financed infrastructure projects, significantly increasing the country’s public debt burden to more than 60% of GDP. The government has considered refinancing $3 billion worth of Eurobonds and significant Chinese loans to cut debt servicing costs.</p>"
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},
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"Real GDP (purchasing power parity)": {
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"Real GDP (purchasing power parity) 2020": {
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@ -1025,10 +1025,10 @@
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"Communications": {
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"Telephones - fixed lines": {
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"total subscriptions": {
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"text": "71,844 (2020)"
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"text": "71,844 (2020 est.)"
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},
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"subscriptions per 100 inhabitants": {
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"text": "(2020 est.) less than 1"
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"text": "0 (2020 est.) less than 1"
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}
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},
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"Telephones - mobile cellular": {
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@ -1067,10 +1067,10 @@
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},
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"Broadband - fixed subscriptions": {
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"total": {
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"text": "82,317 (2021)"
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"text": "82,317 (2020 est.)"
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},
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"subscriptions per 100 inhabitants": {
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"text": "0.45 (2021) less than 1"
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"text": "0.5 (2020 est.) less than 1"
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}
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}
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},
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"text": "Zambia Defense Force (ZDF): Zambia Army, Zambia Air Force, Zambia National Service (support organization that also does public work projects); Defense Force Medical Service; Ministry of Home Affairs: Zambia Police (includes a paramilitary battalion) (2021)"
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},
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"Military expenditures": {
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"Military Expenditures 2021": {
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"text": "1.3% of GDP (2021 est.)"
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},
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"Military Expenditures 2020": {
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"text": "1.3% of GDP (2020 est.)"
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},
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@ -1187,9 +1190,6 @@
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},
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"Military Expenditures 2017": {
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"text": "1.3% of GDP (2017 est.) (approximately $420 million)"
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},
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"Military Expenditures 2016": {
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"text": "1.5% of GDP (2016 est.) (approximately $450 million)"
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}
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},
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"Military and security service personnel strengths": {
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