The government has succeeded in reducing the cost of doing business, but other important indicators of the business environment, such as restrictions on trade and government and judicial integrity have deteriorated.

Next to the impediments of being a landlocked country which is a natural obstacle to economic growth, the economy remains heavily dependent on the export of copper. Copper exports accounted for 60% of total exports and 76% of foreign exchange earnings in 2018.

If the current trend toward ethno-regional and partisan favoritism in contracts and appointments continues, the government may find itself facing increased restlessness in opposition-supporting regions and a resurgence of activism around the secession of Barotseland.

Show country report