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Zambia, Economy

copper prices, national budget, downturns, independence, revenue

The wealth of Zambia is based largely on mining in the rich copper belt, and downturns in copper prices have severely damaging economic consequences. Some processing and manufacturing has been started since independence, and during the 1970s attempts were made to diversify agriculture and to make the country self-sufficient in food. In 1996 the national budget showed $613 million in revenue and $705 million in expenditure.

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Article key phrases:

copper prices, national budget, downturns, independence, revenue, mining, agriculture, food, manufacturing

 
 

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