A street in Zambia
Zambia
Zambia, which is part of the top five cheapest countries in the world, has a cost of living that’s 54 percent lower. Even though its rents are one of the highest in Africa, this is counterbalanced by the country’s strong purchasing power, which is 1.26 percent greater.
Zambia was till 2014 one of the world’s fastest-growing economies with real GDP growth averaging roughly 6.7% per annum. But growth slowed during the period 2015 to 2017, due to falling copper prices, reduced power generation, and depreciation of the kwacha.
