Share of female business owners in Zambia

Zambia: Share of female business owners was 31.0% in 2024. ▲ Rising

Latest (2024)
31.0%
Change on year
up 7.6%
World rank
20th
of 72 countries
All-time high
31.0%
in 2024
All-time low
21.3%
in 2014
Years of data
11
2014–2024

Share of female business owners in Zambia, 2014–2024

01020302014201920242014: 21.3 % of total business owners2015: 23 % of total business owners2016: 22.5 % of total business owners2017: 21.6 % of total business owners2018: 22 % of total business owners2019: 24.1 % of total business owners2020: 27 % of total business owners2021: 26.8 % of total business owners2022: 27 % of total business owners2023: 28.8 % of total business owners2024: 31 % of total business owners

Source: World Bank's Entrepreneurship Survey and database (https://www.worldbank.org/en/programs/entrepreneurship). Downloaded on May 2, 2026. Measured in % of total business owners.

Analysis

Zambia recorded 31.0% for share of female business owners in 2024. That is the highest value across all 11 years on record.

Compared with earlier readings it is up 7.6% on the previous year and up 45.9% over ten years.

Over the whole period, share of female business owners in Zambia peaked at 31.0% in 2024 and was at its lowest, 21.3%, in 2014.

That places Zambia 20th out of 72 countries with data for 2024, putting it in the middle of the range.

The long-run direction has been consistently rising across the 11 years of available data.

Share of female business owners in Zambia, year by year

Annual values for Share of female business owners (% of total business owners) in Zambia, 2014 to 2024.
Year % of total business owners Change
2014 21.3%
2015 23.0% +8.1%
2016 22.5% -2.1%
2017 21.6% -4.1%
2018 22.0% +1.9%
2019 24.1% +9.6%
2020 27.0% +11.9%
2021 26.8% -0.8%
2022 27.0% +0.7%
2023 28.8% +6.9%
2024 31.0% +7.6%

Zambia compared with similar countries

  • Zambia's 31.0% is above the median for lower middle income countries, which is 21.7%, 1.4× the median. (21 countries reporting)
  • Zambia's 31.0% is above the median for Sub-Saharan Africa, which is 27.2%, 1.1× the median. (16 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2010s 22.4% 21.3% 24.1% 6
2020s 28.1% 26.8% 31.0% 5

Countries ranked near Zambia

  1. 17 Nigeria 33.7% compare
  2. 18 Bhutan 33.3% compare
  3. 19 Estonia 31.8% compare
  4. 21 Malaysia 31.0% compare
  5. 22 Tuvalu 30.8% compare
  6. 23 Ecuador 30.4% compare

See the full ranking of 72 places →

More private sector data for Zambia

All data for Zambia →

Frequently asked questions

What is share of female business owners in Zambia?
Share of female business owners in Zambia was 31.0% in 2024, according to World Bank's Entrepreneurship Survey and database (https://www.worldbank.org/en/programs/entrepreneurship). Downloaded on May 2, 2026.
What is the highest share of female business owners recorded in Zambia?
The highest recorded value was 31.0% in 2024.
What is the lowest share of female business owners recorded in Zambia?
The lowest recorded value was 21.3% in 2014.
How does Zambia rank for share of female business owners?
Zambia ranks 20th out of 72 countries with data for 2024.
Is share of female business owners rising or falling in Zambia?
Over the last ten years it is up 45.9%. The long-run trend across the full record is rising.
Where does this Zambia data come from?
The figures come from World Bank's Entrepreneurship Survey and database (https://www.worldbank.org/en/programs/entrepreneurship). Downloaded on May 2, 2026, published as part of Share of female business owners (% of total business owners). Statizoid updates them automatically from the source API.

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Share of female business owners in Zambia. Statizoid, drawing on World Bank's Entrepreneurship Survey and database (https://www.worldbank.org/en/programs/entrepreneurship). Downloaded on May 2, 2026. Retrieved 15 September 2026, from https://private-sector.statizoid.com/stat/share-of-female-business-owners-percent-of-total-business-owners/zambia/

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About this data

Indicator
Share of female business owners (% of total business owners)
Unit
% of total business owners
Source
World Bank's Entrepreneurship Survey and database (https://www.worldbank.org/en/programs/entrepreneurship). Downloaded on May 2, 2026
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
72 places, 632 data points, 2014–2024
Last refreshed

Share of female business is the proportion of female newly registered limited liability company owners out of the total number of newly registered limited liability company owners in the economy in the calendar year.