Year
2023
Population
60414495
Population, Rural
31.18
Population, Female
51.25
Working age population
65.85
Working age population, Male
19574594
Working age population, Female
20207713
Age dependency ratio
51.86
GDP per capita (constant 2015 US$)
6006.45
Real GDP growth (inflation-adjusted)
0.62
GDP at current market prices
377462.79
Inflation rate
5.96
External debt outstanding (% of GDP)
44.14
Current account balance (% of GDP)
-2.35
Fiscal balance (% of GDP)
-4.64
Mobile phone ownership
77.07
Handset affordability
59.24
Mobile connectivity index
69.53
Network coverage
91.9
Mobile Data Affordability
54.12
Instant payments system availability
Yes
Instant payments system model
Bank IPS
Financial inclusion rate
98
Financial exclusion rate
2
Banked
84
Other formal (non-bank)
14
Informal only
1
Mobile money prevalence
Low
Volume of EFT transactions
2232916000
Value of instant (real time) transactions
897.78
Volume of instant (real time) transactions
309304000
Remittance costs as % of remittance amount
7.2
Mobile money regulatory index
82.83
Financial Inclusion strategy index
75
Regulatory Sandbox
Yes
Gender, Youth & Vulnerable Groups Inclusion,
No
Interoperability solutions
Yes
Policy enablement to offer mobile money services
65.63
KYC requirement
100
Broad money (current LCU)
5 089 013 054 534
Consumer price index (2010 = 100)
195
Population ages 15 and above, female
22 564 952
Population ages 15 and above, male
20 752 602
Population ages 15 and above, total
43 317 556
Population, female (primary + secondary)
8061244
Population, male
29 451 976
Population, male (primary + secondary)
8350922
Population, youth (15-24)
9583267
Urban population
41 576 651