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Zimbabwe

Headline economic indicators for Zimbabwe, with the most recent official readings.

Prices

Prices — Zimbabwe
Indicator Value Change
Inflation rate · 104.7% +6.16 (+6.2%)
Consumer price index · 11,076.6 +5,666 (+104.7%)
GDP deflator inflation · 83.1% -1,014 (-92.4%)

GDP

GDP — Zimbabwe
Indicator Value Change
GDP growth rate · 8.1% +6.43 (+383.6%)
GDP per capita · 3,021.43 +525.28 (+21.0%)
GDP per capita, long-run history · 1,704 +16.28 (+1.0%)
GDP · 51,215,643,905.59 +9,693,668,075 (+23.3%)
GDP, PPP · 109,678,697,422 +10,989,121,223 (+11.1%)
GDP per capita, PPP · 6,470 +537.55 (+9.1%)
GDP per capita growth · 6.1% +6.21 (+5,268.0%)
GNI per capita · 2,660 +260.00 (+10.8%)
Agriculture to GDP · 9.5% +0.78 (+9.0%)
Industry to GDP · 37.1% +2.06 (+5.9%)
Manufacturing to GDP · 14.9% -0.66 (-4.3%)
Services to GDP · 48.2% -2.41 (-4.8%)
Household consumption to GDP · 84.4% +0.36 (+0.4%)
Gross capital formation to GDP · 8.8% -1.17 (-11.7%)
Gross savings to GDP · 10.7% -1.37 (-11.3%)

Labour

Labour — Zimbabwe
Indicator Value Change
Unemployment rate · 9.3% -0.14 (-1.5%)
Labour force participation rate · 67.7% -0.01 (-0.0%)
Female labour force participation rate · 62.2% +0.04 (+0.1%)
Youth unemployment rate · 15.5% +0.12 (+0.8%)
Employment to population ratio · 61.4% +0.09 (+0.1%)
Employment in agriculture · 54.3% -0.86 (-1.6%)
Employment in industry · 11.5% +0.09 (+0.8%)
Employment in services · 34.2% +0.77 (+2.3%)

Money

Money — Zimbabwe
Indicator Value Change
Real interest rate · -20.1% +65.82 (+76.6%)
Broad money to GDP · 11.2% -1.47 (-11.6%)
Private sector credit to GDP · 6.5% +0.65 (+11.2%)
Lending rate · 46.4% -22.52 (-32.7%)
Bank deposit rate · 6.2% -11.69 (-65.2%)
Stock market capitalization to GDP · 35.9% +20.94 (+140.3%)
Official exchange rate · 26.6 -3,240 (-99.2%)

Trade

Trade — Zimbabwe
Indicator Value Change
Current account to GDP · 1.2% +0.83 (+223.4%)
Exports to GDP · 18.1% +0.94 (+5.5%)
Imports to GDP · 23.4% +0.27 (+1.2%)
Trade to GDP · 41.5% +1.21 (+3.0%)
Exports of goods and services · 7,497,382,805.65 +1,357,182,736 (+22.1%)
Imports of goods and services · 9,735,878,412.95 +1,422,885,379 (+17.1%)
Trade balance, goods and services (annual) · -2,463,716,121.99 +226,608,606 (+8.4%)
Current account balance (annual) · 501,200,767.47 +367,323,299 (+274.4%)
Foreign direct investment to GDP · 1.9% +0.76 (+68.1%)
Remittances received to GDP · 8.5% -0.75 (-8.1%)
Total reserves, including gold · 484,972,804.73 +369,443,095 (+319.8%)
Reserves in months of imports · 0.5 +0.39 (+302.2%)
External debt to GNI · 33.0% -8.83 (-21.1%)

Government

Government — Zimbabwe
Indicator Value Change
Government revenue to GDP · 8.1% +2.16 (+36.2%)
Government expense to GDP · 11.0% +1.19 (+12.2%)
Tax revenue to GDP · 7.2% +1.75 (+32.0%)
Government budget balance to GDP · -3.6% +0.43 (+10.6%)
Government consumption to GDP · 12.2% +0.19 (+1.6%)
Education spending to GDP · 0.4% -5.75 (-93.7%)
Health spending to GDP · 2.9% -0.47 (-13.8%)

Demography

Demography — Zimbabwe
Indicator Value Change
Population · 16,950,795 +316,422 (+1.9%)
Population, long-run history · 15,205 +304.65 (+2.0%)
Population growth · 1.9% +0.10 (+5.8%)
Life expectancy · 63.1 +0.29 (+0.5%)
Fertility rate · 3.67 -0.05 (-1.3%)
Birth rate · 29.9 -0.52 (-1.7%)
Death rate · 7.5 -0.12 (-1.5%)
Urban population share · 40.5% +0.60 (+1.5%)
Population aged 65 and over · 3.6% -0.04 (-1.1%)
Under-five mortality rate · 64.7 +0.50 (+0.8%)
Population density · 43.0 +0.76 (+1.8%)
Net migration · -54,555 +5,973 (+9.9%)
Gini index · 50.3 +6.00 (+13.5%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Zimbabwe

Economies nearby

Comparable readings from neighbouring economies.