Zambia: Reserves

* indicates monthly or quarterly data series

Foreign exchange reserves including gold, billion USD

 Latest value 2.97
 Year 2022
 Measure billion U.S. dollars
 Data availability 1965 - 2022
 Average 0.77
 Min - Max 0.05 - 3.08
 Source The World Bank
For that indicator, we provide data for Zambia from 1965 to 2022. The average value for Zambia during that period was 0.77 billion U.S. dollars with a minimum of 0.05 billion U.S. dollars in 1984 and a maximum of 3.08 billion U.S. dollars in 2014. The latest value from 2022 is 2.97 billion U.S. dollars. For comparison, the world average in 2022 based on 145 countries is 96.00 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Zambia - Reserves - recent values

Historical chart
Zambia - Reserves - historical chart - 1965-2022

The reserves of Zambia and other countries include their holdings of foreign currencies and gold. These are the reserves of the central bank and the treasury of the country, not the private sector.

When countries export products or attract investment from other countries, they receive foreign currencies. They use some of these currencies to buy imports and to invest in other countries. The rest is held in reserves and some of the reserves may be converted to gold.
Definition: Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. Data are in current U.S. dollars.

 Related indicators Latest value Reference Measure
 Terms of trade 122.48 2021 percent
 Trade openness 67.85 2022 percent
 Exports, percent of GDP 38.43 2022 percent
 Exports, billion dollars 11.72 2022 billion U.S. dollars
 Growth of exports 17.24 2010 percent
 Imports, percent of GDP 27.16 2022 percent
 Imports, billion dollars 8.49 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 0.04 2022 percent
 Foreign Direct Investment, billion dollars 0.01 2022 billion U.S. dollars
 Portfolio investment inflows, equities -0.07 2022 million dollars (current)
 Current account, percent of GDP 5.00 2022 percent
 Current account, in dollars 1.07 2022 billion U.S. dollars
 Trade balance, percent of GDP 11.09 2022 percent
 Trade balance, in dollars 2.42 2022 billion U.S. dollars
 Reserves 2.97 2022 billion U.S. dollars
 Remittances, percent of GDP 0.83 2022 percent
 Remittances 243.49 2022 million U.S. dollars
 Net errors and omissions 138.78 2022 million USD
 External debt 102.01 2022 percent
 Short-term external debt 9.11 2022 percent
 Short-term debt to reserves 88.12 2022 percent
 Foreign exchange reserves 2.87 9/2023 billion
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