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    Zimbabwe Economy - 1990
    https://theodora.com/wfb1990/zimbabwe/zimbabwe_economy.html
    SOURCE: 1990 CIA WORLD FACTBOOK

      Overview: Agriculture employs a majority of the labor force and supplies almost 40% of exports. The agro-based manufacturing sector produces a variety of goods and contributes about 25% to GDP. Mining accounts for only 5% of both GDP and employment, but supplies of minerals and metals account for about 40% of exports. Wide year-to-year fluctuations in agricultural production over the past six years resulted in not only an uneven growth rate, but one that did not equal the 3% annual increase in population.

      GDP: $4.6 billion, per capita $470; real growth rate 5.3% (1988 est.)

      Inflation rate (consumer prices): 7.4% (1988)

      Unemployment rate: at least 20% (1988 est.)

      Budget: revenues $2.4 billion; expenditures $3.0 billion, including capital expenditures of $290 million (FY90)

      Exports: $1.6 billion (f.o.b., 1988); commodities--agricultural 34% (tobacco 21%, other 13%), manufactures 19%, gold 11%, ferrochrome 11%, cotton 6%; partners--Europe 55% (EC 41%, Netherlands 6%, other 8%), Africa 22% (South Africa 12%, other 10%), US 6%

      Imports: $1.1 billion (c.i.f., 1988); commodities--machinery and transportation equipment 37%, other manufactures 22%, chemicals 16%, fuels 15%; partners--EC 31%, Africa 29% (South Africa 21%, other 8%), US 8%, Japan 4%

      External debt: $2.96 billion (December 1989 est.)

      Industrial production: growth rate 4.7% (1988 est.)

      Electricity: 2,036,000 kW capacity; 5,460 million kWh produced, 540 kWh per capita (1989)

      Industries: mining, steel, clothing and footwear, chemicals, foodstuffs, fertilizer, beverage, transportation equipment, wood products

      Agriculture: accounts for about 15% of GDP and employs over 70% of population; 40% of land area divided into 6,000 large commercial farms and 42% in communal lands; crops--corn (food staple), cotton, tobacco, wheat, coffee, sugarcane, peanuts; livestock--cattle, sheep, goats, pigs; self-sufficient in food

      Aid: US commitments, including Ex-Im (FY80-88), $359 million; Western (non-US) countries, ODA and OOF bilateral commitments (1970-87), $2.0 billion; OPEC bilateral aid (1979-89), $36 million; Communist countries (1970-88), $134 million

      Currency: Zimbabwean dollar (plural--dollars); 1 Zimbabwean dollar (Z$) = 100 cents

      Exchange rates: Zimbabwean dollars (Z$) per US$1--2.2873 (January 1990), 2.1133 (1989), 1.8018 (1988), 1.6611 (1987), 1.6650 (1986), 1.6119 (1985)

      Fiscal year: 1 July-30 June

      NOTE: The information regarding Zimbabwe on this page is re-published from the 1990 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Zimbabwe Economy 1990 information contained here. All suggestions for corrections of any errors about Zimbabwe Economy 1990 should be addressed to the CIA.

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    https://theodora.com/wfb1990/zimbabwe/zimbabwe_economy.html

    Revised 07-Feb-03
    Copyright © 2003 Photius Coutsoukis (all rights reserved)


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