| GEOGRAPHIC NAMES | GEOLOGY | USA STATS | CHINA STATS | COUNTRY CODES | AIRPORTS | RELIGION | JOBS |

Zimbabwe Economy 2015

SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES











Zimbabwe Economy 2015
SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on June 20, 2014

Economy - overview:
Zimbabwe's economy is growing despite continuing political uncertainty. Following a decade of contraction from 1998 to 2008, Zimbabwe's economy recorded real growth of roughly 10% per year in 2010-11, before slowing in 2012-13 due poor harvests and low diamond revenues. The government of Zimbabwe faces a number of difficult economic problems, including infrastructure and regulatory deficiencies, ongoing indigenization pressure, policy uncertainty, a large external debt burden, and insufficient formal employment. Until early 2009, the Reserve Bank of Zimbabwe routinely printed money to fund the budget deficit, causing hyperinflation. Dollarization in early 2009 - which allowed currencies such as the Botswana pula, the South Africa rand, and the US dollar to be used locally - ended hyperinflation and reduced inflation below 10% per year, but exposed structural weaknesses that continue to inhibit broad-based growth.

GDP (purchasing power parity):
$7.496 billion (2013 est.)
country comparison to the world: 158

$7.265 billion (2012 est.)
$6.957 billion (2011 est.)
note: data are in 2013 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$10.48 billion (2013 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
3.2% (2013 est.)
country comparison to the world: 109

4.4% (2012 est.)
10.6% (2011 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$600 (2013 est.)
country comparison to the world: 227

$600 (2012 est.)
$500 (2011 est.)
note: data are in 2013 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition, by end use:
household consumption: 68.5%
government consumption: 30.4%
investment in fixed capital: 22.2%
exports of goods and services: 68.4%
imports of goods and services: -89.4%

(2013 est.)

GDP - composition, by sector of origin:
agriculture: 20.1%
industry: 25.4%
services: 54.5% (2013 est.)

Agriculture - products:
corn, cotton, tobacco, wheat, coffee, sugarcane, peanuts; sheep, goats, pigs

Industries:
mining (coal, gold, platinum, copper, nickel, tin, diamonds, clay, numerous metallic and nonmetallic ores), steel; wood products, cement, chemicals, fertilizer, clothing and footwear, foodstuffs, beverages

Industrial production growth rate:
3.7% (2013 est.)
country comparison to the world: 82
[see also: Industrial production growth rate country ranks ]

Labor force:
3.939 million (2013 est.)
country comparison to the world: 92
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 66%
industry: 10%
services: 24% (1996)

Unemployment rate:
95% (2009 est.)
country comparison to the world: 203

80% (2005 est.)
note: figures include unemployment and underemployment; true unemployment is unknown and, under current economic conditions, unknowable
[see also: Unemployment rate country ranks ]

Population below poverty line:
68% (2004)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 2%
highest 10%: 40.4% (1995)

Distribution of family income - Gini index:
50.1 (2006)
country comparison to the world: 21

50.1 (1995)
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $NA
expenditures: $NA (2013 est.)

Taxes and other revenues:
NA% of GDP
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
NA% of GDP
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
202.4% of GDP (2013 est.)
country comparison to the world: 2

244.2% of GDP (2012 est.)
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
8.5% (2013 est.)
country comparison to the world: 199

8.2% (2012 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
7.17% (31 December 2010 est.)
country comparison to the world: 1

975% (31 December 2007)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
28% (31 December 2013 est.)
country comparison to the world: 4

30% (31 December 2012 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$23.03 billion (31 December 2013 est.)
country comparison to the world: 64

$12.27 billion (31 December 2012 est.)
note: Zimbabwe's central bank no longer publishes data on monetary aggregates, except for bank deposits, which amounted to $2.1 billion in November 2010; the Zimbabwe dollar stopped circulating in early 2009; since then, the US dollar and South African rand have been the most frequently used currencies; there are no reliable estimates of the amount of foreign currency circulating in Zimbabwe
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$22.7 billion (31 December 2012 est.)
country comparison to the world: 82

$47.61 billion (31 December 2013 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$14.06 billion (31 December 2013 est.)
country comparison to the world: 88

$9.844 billion (31 December 2012 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA (31 December 2012 est.)
country comparison to the world: 64

$10.9 billion (31 December 2011)
$11.48 billion (31 December 2010 est.)
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
-$576 million (2013 est.)
country comparison to the world: 105

-$416.5 million (2012 est.)
[see also: Current account balance country ranks ]

Exports:
$3.144 billion (2013 est.)
country comparison to the world: 128

$3.314 billion (2012 est.)
[see also: Exports country ranks ]

Exports - commodities:
platinum, cotton, tobacco, gold, ferroalloys, textiles/clothing

Exports - partners:
China 21.1%, South Africa 15.1%, Democratic Republic of the Congo 12.1%, Botswana 10.8%, Italy 4.6% (2012)

Imports:
$4.571 billion (2013 est.)
country comparison to the world: 135

$4.569 billion (2012 est.)
[see also: Imports country ranks ]

Imports - commodities:
machinery and transport equipment, other manufactures, chemicals, fuels, food products

Imports - partners:
South Africa 51.9%, China 10% (2012)

Reserves of foreign exchange and gold:
$437 million (31 December 2013 est.)
country comparison to the world: 147

$575.6 million (31 December 2012 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$8.445 billion (31 December 2013 est.)
country comparison to the world: 104

$8.765 billion (31 December 2012 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$NA
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Zimbabwean dollars (ZWD) per US dollar -

234.25 (2010)
234.25 (2009)
9,686.8 (2007)
note: the dollar was adopted as a legal currency in 2009; since then the Zimbabwean dollar has experienced hyperinflation and is essentially worthless


NOTE: 1) The information regarding Zimbabwe on this page is re-published from the 2015 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Zimbabwe Economy 2015 information contained here. All suggestions for corrections of any errors about Zimbabwe Economy 2015 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 10-Feb-15
Copyright © 1995- , ITA (all rights reserved).

    . Feedback