Zimbabwe: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Low Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Zimbabwe is ranked as the fastest growing market in Africa. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2019): South Africa, Singapore, and United Arab Emirates |
| Top Industries Source: CIA World Factbook | Mining (Coal, Gold, Platinum, Copper, Nickel, Tin, Diamonds, Clay, Numerous Metallic and Nonmetallic Ores); Steel; Wood Products; Cement |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $43,034,351,373 (2020) |
| GDP Growth Rate (annual %) | -8% (2020) |
| GDP Per Capita, PPP (current international) | $2,895 (2020) |
GDP Country Rank 116/197 (2020)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 10.619% (2018) |
| External debt stocks, total (DOD, current US$) | $12,270,178,032 (2019) |
| Total tax rate (% of commercial profits) | 31.6% (2019) |
| Real Interest Rate (5 year average %) | -74.182% (2019) |
| Manufacturing, value added (% of GDP) | 6.471% (2018) |
| Current Account Balance (BoP, current US$) | ($307,810,928) (2017) |
Labor and Employment [1]
| Labor Force, Total | 6,985,536 (2020) |
| Employment in Agriculture (% of total employment) | 66.27% (2020) |
| Employment in Industry (% of total employment) | 6.545% (2020) |
| Employment in Services (% of total employment) | 27.186% (2020) |
| Unemployment Rate | 5.73% (2020) |
Trade [1]
| Imports of goods and services (current US$) | $3,698,414,749 (2018) |
| Exports of goods and services (current US$) | $2,266,495,560 (2018) |
| Total Merchandise Trade (% of GDP) | 53.732% (2020) |
| FDI, net inflows (BoP, current US$) | $280,000,000 (2019) |
| Commercial Service Exports (current US$) | $371,234,640 (2017) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Zimbabwe’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.