According to statistics released by Central Statistics office the Zambian Economy is expected to post a real GDP growth of 6% and annual inflation is expected to drop to 8.3% in 2010. The financial fiscal deficit is expected to decrease to 2.4 % of GDP with the Kwacha appreciating to an annual average rate of K4, 728.4/US$. The balance of trade is projected to be 0.5% of GDP.
The preliminary results for 2009 have posted a GDP growth of 6.3%. The growth has been attributed to largely by the increase in Mining production, and a “sound improvement in agricultural output” and construction activities.
According to CSO Agriculture, Forestry and Fishing posted a share of 13% second to Wholesale and retail trading sector with 17% share to 2009 GDP Growth.
Meanwhile Agriculture, Forestry and Fishing in 2009 grew by 7.1%. The growth of the sector has been attributed to the Agriculture sub sector which grew by 12.4% compared to the growth of 1.9% in 2008 while in 2007 it contracted by 2.7%.
