Economic Growth And Human Development

In 2010, Zambia was rated as the fourth growing economy in Africa, and number 21 growing economy in the world according to the Country Comparison of GDP Real Growth by the Central Intelligence Agency (CIA). Zambia’s Gross Domestic Product (GDP) was at 7% in 2010. Other favourable economic indicators include the single digit inflation rate (at 7.9% in December 2010 and the lowest at 7.1% in November 2010), a stable and stronger local currency compared to major foreign currencies, good copper prices that necessitated a booming mining sector despite the problems of the global economic crisis in 2008/09, higher productivity in agricultural sector, and increase in foreign investment mainly driven by Chinese investors. Zambia's economy was growing and there was steady growth for the previous