Economy of Zimbabwe
Population: 14.44 M (2018)
GDP per Capita: 2,147 USD (2018)
31,000 M.

GDP USD

(2018)

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7,110 M.

EXPORTS USD

(2018)

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7,910 M.

IMPORTS USD

(2018)

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52.87 %

PUBLIC DEBT

(2017)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 6.16 % (2018)
GDP of 2010 USD USD 19.10 B. (2018)
GDP Current USD USD 31.00 B. (2018)
GDP per Capita Current USD USD 2,147 (2018)
GDP per capita, PPP USD 2,688 (2018)
GDP per Capita, 2010 USD USD 1,322 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 15.88 % (2018)
Government Spending USD 4.92 B. (2018)
Government Debt % GDP 52.87 % (2017)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 113.52 (2018)
Trade Openness 48.44 % (2018)
Exports of Goods and Services % GDP 22.92 % (2018)
Exports Goods & Services USD 7.11 B. (2018)
Exports Annual Growth 4.81 % (2017)
Imports as % GDP 25.51 % (2018)
Total Imports USD 7.91 B. (2018)
Foreign Direct Investment % GDP 2.40 % (2018)
Foreign Direct Investment USD 0.74 B. (2018)
Current Account Balance % GDP USD % (2018)
Current Account Balance USD B. (2018)
Trade Balance % GDP -2.59 % (2018)
Trade Balance USD B. (2018)
Foreign Exchange Reserves incl Gold USD 0.09 B. (2018)
Remittances % GDP 5.99 % (2018)
Remittances USD 1,726 M. (2017)
Balance of Payments USD 145 M. (2014)

Labor Market

Indicator Value
Labor Force 7.09 M. (2019)
Unemployment Rate 4.90 % (2019)
Unemployment Rate Females 5.46 % (2019)
Unemployment Rate Males 4.43 % (2019)
Youth Unemployment (ages 15-24) 8.13 % (2019)
Labor Force Participation Rate 83.66 % (2019)
Labor Force (Percent Female) 50.89 % (2019)
Female Labor Force Participation Rate 78.73 % (2019)
Male Labor Force Participation Rate 89.05 % (2019)
Dependent People 82.95 % (2018)

Agriculture Sector

Indicator Value
Forest Area 35.50 % (2016)
Forest Area km² 137,496 km² (2016)
Agricultural Land 41.88 % (2016)
Agricultural Land km² 162,000 km² (2016)
Employment 67.37 % (2019)
Value added % GDP 12.08 % (2018)
Agriculture Value added USD 3.75 B. (2018)
Crop Production Index 95.60 (2016)
Precipitation 657 mm (2014)
Arable Land 10 % (2016)
Cereal Yield 616 kg/hectare (2017)
Food production index 89 (2016)
Rural Population 68 % (2018)
Fertilizer use of Arable Land 23 kg/hectare (2016)
Livestock Production Index 106 (2016)
Economy of Zimbabwe

According to the World Bank and its latest published data, the economy of the Zimbabwe presents a growth rate of 6.16 % (2018) to the previous year.

With a population that reaches 14.44 M (2018) and a gross domestic product of USD 31.00 B. (2018), it translates a Gross Domestic Product per Capita of USD 2,147 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).

Zimbabwe also has a workforce of 7.09 M. (2019) with an unemployment rate of 4.90 % (2019), where women represent 5.46 % (2019) and men 4.43 % (2019), the unemployment rate for young people between 15-24 years old stood at 8.13 % (2019). The total number of dependent people stands at 82.95 % (2018).

The central government spent 15.88 % (2018) of its gross domestic product that year, which in absolute terms is USD 4.92 B. (2018). Its consolidated public debt reached 52.87 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Zimbabwe exported USD 7.11 B. (2018), which represents 22.92 % (2018) of its gross domestic product, in that same sense its imports reached USD 7.91 B. (2018) with a direct foreign investment of USD 0.74 B. (2018).

Zimbabwe has a forest area of 137,496 km² (2016), which represents 35.50 % (2016) of its total area, an average rainfall of 657 mm (2014) per year and a population of 68 % (2018) living in rural areas. With a total area of 162,000 km² (2016) available for agriculture and 67.37 % (2019) of its employments, the agricultural sector contributes to the economy of the Zimbabwe about USD 3.75 B. (2018) (12.08 % (2018) of its GDP).