A textbook blind run


HIGH RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade. We have always the best solution for your needs

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GDP USD 25.7bn
Population 16.5mn
Form of state Republic
Head of government Edgar Lungu
Next elections 2021, General election
  • The government already heeds advice on increasing investment and diversifying the economy
  • Sizable land and water resources should help to develop agriculture and increase productivity
  • Business climate should be improved, but is already good enough to attract new foreign investment
  • Succeeds in funding increasing financing needs despite the failure to reach an agreement with the IMF
  • Political risk: threats to foreign interests in the country, particularly in the highly strategic mining sector
  • High reliance on copper exports (69% of total)
  • Capital stock (110% of GDP) too low to spur higher growth rates on the long-run
  • Fiscal deficit and difficulty to raise higher fiscal revenues
  • Debt had increased: higher debt allows lower flexibility to finance massive infrastructure projects with debt. Lack of transparency has raised the issue of hidden debt

Trade structure by destination/origin

(% of total)

Exports Rank Imports
Switzerland 40%
34% South Africa
China 19%
14% D.R.Congo
D.R.Congo 7%
8% Kuwait
South Africa 6%
8% China
Singapore 6%
5% U.A.E.

Trade structure by product

(% of total)

Exports Rank Imports
Non-ferrous metals 69%
15% Petroleum, petroleum products and related materials
Non metallic mineral manufactures 4%
12% Metalliferous ores and metal scrap
Tobacco and tobacco manufactures 3%
7% Specialised machinery
Cereals and cereal preparations 3%
7% Road vehicles
Sugar, sugar preparations and honey 2%
6% Other industrial machinery and parts


Euler Hermes

Economic Research Team

Stéphane Colliac

Senior Economist for France and Africa