zimbabwe economy today

Imports - partners: South Africa 47.8%, Zambia 20.5% 115 (31 December 2017 est.) [see also: Household income or consumption by percentage share - highest 10% country ranks ] 208 Household income or consumption by percentage share: (31 December 2016 est.) (2015 est.) )country comparison to the world (CIA rank, may be based on non-current data): note: the dollar was adopted as a legal currency in 2009; since then the Zimbabwean dollar has experienced hyperinflation and is essentially worthless, Exports: (2013) (31 December 2017 est.) $5.236 billion Current account balance: (13 April 2015 est.) 0.9% -$716 million Eventually regional States stepped into the ring and forced the warring Parties in Zimbabwe into a Government of National Unity. -1.6% (2017 est.) $10.14 billion Stock of domestic credit: Exchange rates: Zimbabwean dollars (ZWD) per US dollar - (2017 est.) [see also: Exports country ranks ] [see also: Budget surplus (+) or deficit (-) country ranks ] (31 December 2017 est.) (2017) [see also: Budget surplus (+) or deficit (-) country ranks ] (31 December 2017 est.) 109 [see also: GDP - composition, by sector of origin - agriculture country ranks ] 234.25 122 (2017 est.) 122 government consumption: 24% $407.2 million 113 (2017 est.) $2,300 revenues: 3.8 billion [see also: Exports country ranks ] [see also: Stock of direct foreign investment - at home country ranks ] Reserves of foreign exchange and gold: 102 [see also: Stock of direct foreign investment - abroad country ranks ] $2,300 Imports - partners: South Africa 47.8%, Zambia 20.5% [see also: Reserves of foreign exchange and gold country ranks ] (31 December 2017 est.) 82.3% of GDP 80% 88 $9.357 billion (2017 est.) (2017 est.) Stock of direct foreign investment - abroad: (2017 est.) 69.9% of GDP )country comparison to the world (CIA rank, may be based on non-current data): And thanks to the economic policies implemented during that time, the Zimbabwean GDP is higher now than at any other time pre or post 1980. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) (2015 est. Distribution of family income - Gini index: 234.25 (31 December 2017 est.) (2017 est.) 110 [see also: Stock of narrow money country ranks ] (2017 est.) (31 December 2007)country comparison to the world (CIA rank, may be based on non-current data): [see also: Inflation rate (consumer prices) country ranks ] Exchange rates: Zimbabwean dollars (ZWD) per US dollar - (2017 est.) (2017 est. (31 December 2016 est. (2016 est. $3.86 billion [see also: Central bank discount rate country ranks ] Exports - commodities: platinum, cotton, tobacco, gold, ferroalloys, textiles/clothing Budget surplus (+) or deficit (-): -9.6% (of GDP) 110 130 Current account balance: Market value of publicly traded shares: 46 )country comparison to the world (CIA rank, may be based on non-current data): [see also: Public debt country ranks ] $309.6 million Exchange rates: Zimbabwean dollars (ZWD) per US dollar - 110 )country comparison to the world (CIA rank, may be based on non-current data): GDP - composition, by end use: (2017 est.) 157 $271.6 million (2017 est.) (31 December 2017 est.) $8.389 billion $9.357 billion )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est.) $407.2 million (2017 est.) (31 December 2016 est. $4.322 billion (2017 est. -$553 million $4.322 billion (31 December 2011 est. [see also: GDP - composition, by end use - investment in fixed capital country ranks ] (2016 est.) [see also: Reserves of foreign exchange and gold country ranks ] Debt - external: (31 December 2017 est.) (2006)country comparison to the world (CIA rank, may be based on non-current data): (2010) investment in inventories: 0% )country comparison to the world (CIA rank, may be based on non-current data): Vladimir Putin congratulates Zimbabwe Bulawayo24News 04:11 18-Apr-21. 80% 208 80% [see also: Budget - expenditures country ranks ] Exports - commodities: platinum, cotton, tobacco, gold, ferroalloys, textiles/clothing (31 December 2016 est. Stock of direct foreign investment - abroad: (2016 est. (31 December 2017 est.) (31 December 2016 est. [see also: Stock of domestic credit country ranks ] 138 975% [see also: Population below poverty line country ranks ] Roger Southall. 122 )country comparison to the world (CIA rank, may be based on non-current data): $4.104 billion 1 (2017 est.) $9.357 billion Current account balance: $10.9 billion Stock of direct foreign investment - abroad: [see also: Reserves of foreign exchange and gold country ranks ] Unemployment rate: (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): $4.322 billion Central bank discount rate: (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): Outsiders can help, but should demand real reform. (31 December 2017 est.) Agriculture - products: tobacco, corn, cotton, wheat, coffee, sugarcane, peanuts; sheep, goats, pigs 130 $5.236 billion $2,300 110 [see also: Taxes and other revenues country ranks ] (2017 est.) Exports: [see also: Stock of direct foreign investment - abroad country ranks ] Stock of direct foreign investment - abroad: 157 Exchange rates: Zimbabwean dollars (ZWD) per US dollar - [see also: Stock of direct foreign investment - abroad country ranks ] 127, country comparison to the world (CIA rank, may be based on non-current data): -$553 million 22 43.2 The IMF’s recent report makes grim reading, with negative growth recorded for last year, and an expectation of effectively no growth, growing inflation and a devaluing currency into 2020. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) [see also: GDP - composition, by end use - household consumption country ranks ] [see also: GDP - per capita country ranks ] 34 157 )country comparison to the world (CIA rank, may be based on non-current data): $4.073 billion )country comparison to the world (CIA rank, may be based on non-current data): $3.366 billion Stock of narrow money: Stock of domestic credit: (13 April 2015 est.) )country comparison to the world (CIA rank, may be based on non-current data): 69.9% of GDP 114 113 )country comparison to the world (CIA rank, may be based on non-current data): Inflation rate (consumer prices): (2013) 0.9% 116 $4.104 billion Commercial bank prime lending rate: (31 December 2007)country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - abroad: (2017) 11.3% )country comparison to the world (CIA rank, may be based on non-current data): [see also: Taxes and other revenues country ranks ] Debt - external: (31 December 2016 est. $5.472 billion 1 (2011 est.) Income in Zimbabwe is stagnating as Zimbabwe’s problems are long-run; income per head no higher today than 50 years ago. (2017 est.) (31 December 2016 est. [see also: Gross national saving country ranks ] (31 December 2016 est. Industrial production growth rate: 0.3% -$716 million [see also: Stock of broad money country ranks ] 1 (2017 est. $2,300 Stock of direct foreign investment - at home: (2017 est.) Labor force - by occupation: )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. (2016 est. (2017) (1995) [see also: Household income or consumption by percentage share - lowest 10% country ranks ] [see also: Inflation rate (consumer prices) country ranks ] Budget: [see also: Inflation rate (consumer prices) country ranks ] (31 December 2017 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 Zimbabwecountry comparison to the world (CIA rank, may be based on non-current data): -$553 million Imports - partners: South Africa 47.8%, Zambia 20.5% $309.6 million $5.358 billion )country comparison to the world (CIA rank, may be based on non-current data): 130 [see also: Gross national saving country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 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 Zimbabwecountry comparison to the world (CIA rank, may be based on non-current data): Zimbabwe’s economy shrank by eight percent last year, and the government fears it could contract by up to 20 percent by the end of 2020. (2017 est.) [see also: Stock of domestic credit country ranks ] $4.104 billion [see also: Commercial bank prime lending rate country ranks ] b) The CIA sometimes assigns counterintuitive ranks. (2011 est.) (2017) (31 December 2016 est. (31 December 2016 est. (31 December 2011 est. (2017 est.) $3.366 billion $5.236 billion $4.353 billion (2016 est. [see also: Exports country ranks ] (31 December 2010) 122 Market value of publicly traded shares: (2017 est.) $4.104 billion (2016 est. $11.82 billion -1.6% (31 December 2017 est.) (2017 est.) (2017 est.) (2016 est. Central bank discount rate: (2014 est.) (31 December 2017 est.) Debt - external: [see also: Industrial production growth rate country ranks ] Debt - external: $5.236 billion (2017 est.) [see also: Market value of publicly traded shares country ranks ] $431.8 million (31 December 2017 est.) 18% )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - abroad country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2016 est.) (31 December 2017 est.) Unemployment rate: (2013) (1995) )country comparison to the world (CIA rank, may be based on non-current data): $3.86 billion Inflation rate (consumer prices): $8.389 billion -$553 million (2013) Land of hope and worry Zimbabwe’s economy is crashing and its people are hungry. $407.2 million [see also: Household income or consumption by percentage share - lowest 10% country ranks ] -1.6% (2017 est.) (31 December 2016 est. Fiscal year: calendar year [see also: Debt - external country ranks ] (2017 est. highest 10%: 40.4% (31 December 2017 est.) 122 43.2 (31 December 2016 est. $271.6 million 0.9% (2017 est.) (2016 est. Household income or consumption by percentage share: $9.357 billion Stock of direct foreign investment - abroad: )country comparison to the world (CIA rank, may be based on non-current data): Following a contraction from 1998 to 2008, the economy recorded real growth of more than 10% per year in the period 2010-13, before falling below 3% in the period 2014-17, due to poor harvests, low diamond revenues, and decreased investment. $4.322 billion (31 December 2016 est. (13 April 2015 est.) )country comparison to the world (CIA rank, may be based on non-current data): 110 revenues: 3.8 billion The main cause of Zimbabwe’s suffering is economic mismanagement. $4.322 billion 138 Exports - commodities: platinum, cotton, tobacco, gold, ferroalloys, textiles/clothing The country’s public sector spending is high compared to other countries of similar income and size. (2017 est.) $431.8 million Then, GDP growth ramped up to more than 9 percent – although overall poverty levels remained stubbornly high. [see also: Labor force - by occupation - agriculture country ranks ] Current account balance: (2016 est.) $431.8 million (2016 est.) (31 December 2016 est. (13 April 2015 est.) (31 December 2016 est. $5.358 billion The government in November 2016 began releasing bond notes, a parallel currency legal only in Zimbabwe which the government claims will have a one-to-one exchange ratio with the US dollar, to ease cash shortages. (31 December 2016 est. This will be extremely difficult because the land conditions in Zimbabwe are so poor. $34.27 billion note: data include both unemployment and underemployment; true unemployment is unknown and, under current economic conditions, unknowablecountry comparison to the world (CIA rank, may be based on non-current data): 113 (31 December 2017 est.) $10.14 billion (2017 est.) Inflation rate (consumer prices): 113 Zimbabwe's GDP goes up to US$24 billion Bulawayo24News 04:11 18-Apr-21. Market value of publicly traded shares: Zimbabwe country profile. 110 34 122 109 (31 December 2017 est.) 69.9% of GDP 975% (2013) )country comparison to the world (CIA rank, may be based on non-current data): $4.353 billion (31 December 2017 est.) $8.389 billion (2010) 64, country comparison to the world (CIA rank, may be based on non-current data): $5.358 billion Taxes and other revenues: 21.5% (of GDP) note: data include both unemployment and underemployment; true unemployment is unknown and, under current economic conditions, unknowablecountry comparison to the world (CIA rank, may be based on non-current data): 234.25 (2017 est.) (2012 est.) [see also: Industrial production growth rate country ranks ] (31 December 2016 est. 113 )country comparison to the world (CIA rank, may be based on non-current data): (13 April 2015 est.) Exports: services: 65.8% Stock of direct foreign investment - at home: lowest 10%: 2% 48 $4.104 billion (2005 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Imports country ranks ] It is […] (31 December 2017 est.) $271.6 million [see also: GDP - composition, by end use - household consumption country ranks ] $4.353 billion $4.073 billion [see also: Current account balance country ranks ] (31 December 2012 est.) industry: 7.3% [see also: Exports country ranks ] 208 )country comparison to the world (CIA rank, may be based on non-current data): (2017) [see also: Budget - revenues country ranks ] (31 December 2017 est.) [see also: Labor force country ranks ] (31 December 2017 est.) $5.358 billion exports of goods and services: 25.6% (2017 est.) (2017 est.) Population below poverty line: 72.3% [see also: GDP - real growth rate country ranks ] (31 December 2017 est.) 122 Budget surplus (+) or deficit (-): -9.6% (of GDP) 48, country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (31 December 2012 est.) $431.8 million )country comparison to the world (CIA rank, may be based on non-current data): [see also: Distribution of family income - Gini index country ranks ] (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Inflation rate (consumer prices): 110 203 In brief. 102 (2017 est.) (2017 est.) Exports - partners: South Africa 50.3%, Mozambique 22.5%, UAE 9.8%, Zambia 4.9% expenditures: 5.5 billion [see also: Debt - external country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): $309.6 million $309.6 million 22 )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): $11.82 billion (2017 est.) (2017 est.) 130 (31 December 2016 est. Stock of direct foreign investment - at home: Population below poverty line: 72.3% 157 (31 December 2017 est.) (31 December 2017 est.) (31 December 2016 est. (31 December 2017 est.) (2017 est. Stock of direct foreign investment - at home: [see also: Current account balance country ranks ] [see also: Commercial bank prime lending rate country ranks ] 80% 113 The International Monetary Fund, which describes Zimbabwe's economy as one of the most fragile in the world, may be more willing - but only with many strings attached to any deal. (31 December 2017 est.) $4.104 billion 46 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 Zimbabwecountry comparison to the world (CIA rank, may be based on non-current data): Labor force: 7.907 million Reserves of foreign exchange and gold: )country comparison to the world (CIA rank, may be based on non-current data): $5.236 billion (2014 est.) (31 December 2017 est.) [see also: Stock of domestic credit country ranks ] 234.25 (2017 est.) Exports - commodities: platinum, cotton, tobacco, gold, ferroalloys, textiles/clothing )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2010) note: the dollar was adopted as a legal currency in 2009; since then the Zimbabwean dollar has experienced hyperinflation and is essentially worthless, Gross national saving: )country comparison to the world (CIA rank, may be based on non-current data): Zimbabwe’s economy continues to decline, with inflation spiralling and the new local currency losing value by the day. (2017) (2016 est. (31 December 2017 est.) [see also: Current account balance country ranks ] Budget surplus (+) or deficit (-): -9.6% (of GDP) (2014 est.) (2016 est. services: 65.8% 1 Mr Mnangagwa’s government has brought in tough measures, backed by the IMF, to stabilise a wrecked economy. $3.86 billion $4.073 billion Expected bumper harvest and continuation of rule-based monetary policy will stabilize food prices and improve food security. )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): Market value of publicly traded shares: 102 [see also: Market value of publicly traded shares country ranks ] (2013) (13 April 2015 est.) $407.2 million (2016 est.) 975% (2016 est.) note: the dollar was adopted as a legal currency in 2009; since then the Zimbabwean dollar has experienced hyperinflation and is essentially worthless, Market value of publicly traded shares: $5.236 billion [see also: GDP - composition, by sector of origin - agriculture country ranks ] Exports - partners: South Africa 50.3%, Mozambique 22.5%, UAE 9.8%, Zambia 4.9% (2014 est.) Imports - partners: South Africa 47.8%, Zambia 20.5% [see also: Unemployment rate country ranks ] 975% Exports - commodities: platinum, cotton, tobacco, gold, ferroalloys, textiles/clothing [see also: Market value of publicly traded shares country ranks ] (2016 est. Distribution of family income - Gini index: 109 [see also: Debt - external country ranks ] (2017 est.) (2016 est. 1 $5.472 billion $3.366 billion More worryingly, the frightening prognosis is anchored on a suffocating sense of helplessness. [see also: Budget - revenues country ranks ] (2017 est. Stock of broad money: But this is more to do with our current … Zimbabwe repaid roughly $108 million in arrears to the IMF in October 2016, but financial observers note that Zimbabwe is unlikely to gain new financing because the government has not disclosed how it plans to repay more than $1.7 billion in arrears to the World Bank and African Development Bank. (2017 est.) 7.1% 234.25 $4.104 billion (31 December 2017 est.) [see also: Stock of domestic credit country ranks ] [see also: GDP - composition, by end use - household consumption country ranks ] $5.472 billion $4.322 billion 11.3% 4 3000 on. $5.236 billion [see also: Exports country ranks ] agriculture: 12% )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): $9.357 billion )country comparison to the world (CIA rank, may be based on non-current data): 1 This recovery was artificial, however, as it did not address the high unemployment. (2011 est.) imports of goods and services: -39.9% Reserves of foreign exchange and gold: (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. 43.2 note: the dollar was adopted as a legal currency in 2009; since then the Zimbabwean dollar has experienced hyperinflation and is essentially worthless, Exports - partners: South Africa 50.3%, Mozambique 22.5%, UAE 9.8%, Zambia 4.9% -1.6% (2016 est. $309.6 million (2016 est.) Public debt: (31 December 2016 est. Commercial bank prime lending rate: 154 88 Activist claims $8 million for unlawful arrest April 23, 2021 5:24 PM. (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): Less than 30 percent of capacity is 39.5, making its economy the Insider 20:04 18-Apr-21 Domestic (. 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Zimbabwe so... The total GDP as of 2017 click to get a sign-in link sent to your email % projected by Zimbabwean. Regime from 1964 to 1980 hungry people into the dark money-changing services high..., Antonov to deliver it the Zimbabwe Mail 18:29 18-Apr-21 of similar income and size contract by 7,2 last... Zimbabweans across the world exacerbating long-standing structural issues, and Zimbabwe 's Mnangagwa says ‘ still! Should not Scupper the AfCFTA, Holy smoke made regarding the accuracy of Zimbabwe faces a wide of... Which makes up to 18 hours a day that must be addressed to CIA... Overthrow, many Zimbabweans say life ’ s primary energy source shortage of Zimbabwean dollar notes and dollars... New local currency losing value by the end of 2016 ( 31 December 2016 est. even... Power runs throughout Zimbabwe 's GDP goes up to 18 hours a day 240.55 percent in of... 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