Country Risk Index · ZMB

Zambia

Southern Africa · May 2026 snapshot

33/ 100 CRI
Contained

Peer rank #6 of 10

MoM -9.9

CRI trend

Apr 2026 · May 2026

Price political-risk cover →View JSON (embed)

Pillar scores

Currency (20%)
15
Sovereign (20%)
43
Regulatory (15%)
25
Counterparty (15%)
33
Liquidity (15%)
43
Political (15%)
43

Indicator inputs


Currency

15
Parallel-vs-official FX premium
3 %n7
12-month local-currency depreciation
16 %n18
Inflation (YoY)
14 %n19

Sovereign

43
External debt / GDP
69 %n62
In external arrears
0 0/1n0
ICRG-style sovereign band
7 1–10n67

Regulatory

25
Months since last RBZ/FX directive
37 monthsn50
Investment-approval backlog
6 weeksn25
FATF grey/black-list status
0 0/1/2n0

Counterparty

33
Banking-sector NPL ratio
6 %n15
State-owned-enterprise share of economy
28 %n50

Liquidity

43
Equity-market turnover / market-cap
10 %n76
Days to repatriate USD
18 daysn10

Political

43
Months to next national election
17 monthsn69
ACLED conflict-events trend
18 indexn12
Governance percentile
42 0–100n47

Each row shows the raw indicator value and (n) its peer-relative normalised 0–100 risk value. Source: desk estimates from public data.

Indicative composite · Not investment advice · May 2026