ABiQ’s forecasting tool has estimated that Zambia’s population is set to grow by nearly 19% over the next 10 years, bringing its total to 22.6 million.
The country’s GDP is about to hit US $28 billion, equalling around $1,500 per capita. Like Tanzania, its economy is mainly agricultural and mining based, which makes up the bulk of its exports.
With an estimated electricity demand reaching 860MW over the next decade, Zambia is expected to need 1.4 million new housing units developed and 500 thousand square metres of retail space.
The number of children in school is estimated to increase to 6.7 million children. Assuming a ratio of 30 children per teacher, that creates careers for an additional 63,000 new teachers over the next decade.
ABiQ believes that Zambia will need an additional 30 hospitals and 850 new physicians to maintain the current standard of living and support the current healthcare industry.
|Population in 2020||18.4 million|
|Population by 2030||22.6 million|
|GDP 2019||US $26.7 bn|
|Electricity Capacity required by 2030||860 MW|
|Potable Water required by 2030||1.6 bn cm3|
|New housing by 2030||1.4 million units|
|Additional retail by 2030||500 thousand m2|
|Children in school by 2030||6.7 million|
|New Hospitals required by 2030||30 hospitals|