Economy - overview:
Zimbabwe's economy is growing despite continuing political uncertainty. Following a decade of contraction from 1998 to 2008, Zimbabwe's economy recorded estimated real growth of 6% in 2011. However, the government of Zimbabwe still 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. Zimbabwe's 1998-2002 involvement in the war in the Democratic Republic of the Congo drained hundreds of millions of dollars from the economy. The government's subsequent land reform program, characterized by chaos and violence, badly damaged the commercial farming sector, the traditional source of exports and foreign exchange and the provider of 400,000 jobs, turning Zimbabwe into a net importer of food products. 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 restored price stability but exposed structural weaknesses that continue to inhibit broad-based growth.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
NOTE: 1) The information regarding Zimbabwe on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Zimbabwe Economy 2012 information contained here. All suggestions for corrections of any errors about Zimbabwe Economy 2012 should be addressed to the CIA.
$5.916 billion (2011 est.)
country comparison to the world: 157
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$9.2 billion
note: in 2009, the Zimbabwean dollar was taken out of circulation, making Zimbabwe's GDP at the official exchange rate a highly inaccurate statistic (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
6% (2011 est.)
country comparison to the world: 49
[see also: GDP - real growth rate country ranks ]
$500 (2011 est.)
country comparison to the world: 221
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 20.4%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 24.6%
[see also: GDP - composition by sector - industry country ranks ]
services: 54.9% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
3.856 million (2011 est.)
country comparison to the world: 91
[see also: Labor force country ranks ]
agriculture: 66%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 10%
[see also: Labor force - by occupation - industry country ranks ]
services: 24% (1996)
[see also: Labor force - by occupation - services country ranks ]
95% (2009 est.)
country comparison to the world: 199
note: figures reflect underemployment; true unemployment is unknown and, under current economic conditions, unknowable
[see also: Unemployment rate country ranks ]
68% (2004)
[see also: Population below poverty line country ranks ]
lowest 10%: 2%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 40.4% (1995)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
50.1 (2006)
country comparison to the world: 25
[see also: Distribution of family income - Gini index country ranks ]
21.9% of GDP (2011 est.)
country comparison to the world: 93
[see also: Investment (gross fixed) country ranks ]
revenues: $NA
[see also: Budget revenues country ranks ]
expenditures: $NA (2010 est.)
[see also: Budget expenditures country ranks ]
NA% of GDP (2010 est.)
[see also: Taxes and other revenues country ranks ]
NA% of GDP (2010 est.)
[see also: Budget surplus (+) or deficit (-) country ranks ]
230.8% of GDP (2011 est.)
country comparison to the world: 1
[see also: Public debt country ranks ]
5.6% (2011 est.)
country comparison to the world: 131
[see also: Inflation rate (consumer prices) country ranks ]
7.17% (31 December 2010 est.)
country comparison to the world: 1
[see also: Central bank discount rate country ranks ]
36% (31 December 2011 est.)
country comparison to the world: 3
[see also: Commercial bank prime lending rate country ranks ]
$6.554 billion (31 December 2011 est.)
country comparison to the world: 87
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 ]
$3.057 million (31 December 2008 est.)
country comparison to the world: 192
[see also: Stock of broad money country ranks ]
$6.227 billion
country comparison to the world: 109
[see also: Stock of domestic credit country ranks ]
$11.48 billion (31 December 2010)
country comparison to the world: 78
[see also: Market value of publicly traded shares country ranks ]
corn, cotton, tobacco, wheat, coffee, sugarcane, peanuts; sheep, goats, pigs
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
5.7% (2011 est.)
country comparison to the world: 59
[see also: Industrial production growth rate country ranks ]
7.723 billion kWh (2008 est.)
country comparison to the world: 98
[see also: Electricity - production country ranks ]
12.47 billion kWh (2008 est.)
country comparison to the world: 83
[see also: Electricity - consumption country ranks ]
54 million kWh (2008 est.)
[see also: Electricity - exports country ranks ]
5.268 billion kWh (2008 est.)
[see also: Electricity - imports country ranks ]
0 bbl/day (2010 est.)
country comparison to the world: 147
[see also: Oil - production country ranks ]
11,000 bbl/day (2010 est.)
country comparison to the world: 150
[see also: Oil - consumption country ranks ]
0 bbl/day (2009 est.)
country comparison to the world: 146
[see also: Oil - exports country ranks ]
13,140 bbl/day (2009 est.)
country comparison to the world: 137
[see also: Oil - imports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 147
[see also: Natural gas - production country ranks ]
0 cu m (2009 est.)
country comparison to the world: 147
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 210
[see also: Natural gas - exports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 81
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2011 est.)
country comparison to the world: 209
[see also: Natural gas - proved reserves country ranks ]
-$675.6 million (2011 est.)
country comparison to the world: 115
[see also: Current account balance country ranks ]
$2.731 billion (2011 est.)
country comparison to the world: 128
[see also: Exports country ranks ]
platinum, cotton, tobacco, gold, ferroalloys, textiles/clothing
Democratic Republic of the Congo 14.8%, South Africa 13.4%, Botswana 13.2%, China 12.7%, Netherlands 5.9%, Italy 4.6% (2010)
$4.223 billion (2011 est.)
country comparison to the world: 132
[see also: Imports country ranks ]
machinery and transport equipment, other manufactures, chemicals, fuels, food products
South Africa 58%, China 8.7% (2010)
$462 million (31 December 2011 est.)
country comparison to the world: 153
[see also: Reserves of foreign exchange and gold country ranks ]
$6.081 billion (31 December 2011 est.)
country comparison to the world: 107
[see also: Debt - external country ranks ]
$NA
[see also: Stock of direct foreign investment - at home country ranks ]
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]
Zimbabwean dollars (ZWD) per US dollar -
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
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This page was last modified 07-Mar-12