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Zambia
46
Moderate
Risk
Risk
#30
of 171
Riskier
than 83% of currencies
36
global avg score
$521
$1,000 in 5 years
Impact on Citizens
Citizens need their money to grow at least 15.4% per year to not lose purchasing power. Every ZMW 100 saved today will only buy 88 worth of goods next year.See savings calculator ↓
Economic Indicators
Inflation Rate
13.9%
Debt to GDP
71.4%
GDP Growth
3.8%
Broad Money / GDP
30.8%
Banking & Stability
NPL Ratio
2.8%
Reserve Months
3.3
Current Account
-4.4%
FX Volatility
46.8
Governance & Markets
Rule of Law
Not available
Black Market Premium
Not available
Capital Controls
35.0
Peg Fragility
Not available
Currency Structure
Global Currency Role
70.0
FX Regime
managed float
Data Coverage
75.0%
Savings Impact Calculator
ZMW
Holding cash in ZMW13.9% inflation
ZMW 521−ZMW 479 (48% purchasing power lost)
Your ZMW 1,000 buys 48% less in 5 years
What if you invested ZMW 1,000 instead? (5yr, in ZMW terms)
USD-denominated assets gain an additional ~10.9%/yr from expected ZMW depreciation vs USD
Hold USD Cash
ZMW 1463
+ZMW 463
+7.9%/yr net in ZMW
S&P 500
ZMW 2584
+ZMW 1584
range: ZMW 1271–ZMW 4810
10% USD return + 10.9% FX · ±16% vol
Gold
ZMW 2377
+ZMW 1377
range: ZMW 770–ZMW 5961
8% USD return + 10.9% FX · ±24% vol
Bitcoin
ZMW 4637
+ZMW 3637
range: ZMW 369–ZMW 24.7k
25% USD return + 10.9% FX · ±54% vol
All values in ZMW. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~10.9%/yr based on the inflation differential between Zambia (13.9%) and the US (~3%). This uses purchasing power parity as a long-run approximation — actual FX movements can differ significantly in the short term. S&P 500 based on 1957-2024, Gold on 2000-2024, Bitcoin on 2015-2024. Past performance does not guarantee future results. Not financial advice.
Data last updated: 2026-08-17