Support Our Sponsor
. . Flags of the World Maps of All Countries

  • |SEARCH|
  • |Main INDEX|
  • 2006 INDEX
  • Country Ranks
  • DEFINITIONS

    Zimbabwe Index 2006

    Zimbabwe Main Index


    . Feedback
  • geographic.org Home PageCountry Index

    Zimbabwe Economy - 2006
    https://theodora.com/wfbcurrent/zimbabwe/zimbabwe_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      Economy - overview:
      The government of Zimbabwe faces a wide variety of difficult economic problems as it struggles with an unsustainable fiscal deficit, an overvalued exchange rate, soaring inflation, and bare shelves. Its 1998-2002 involvement in the war in the Democratic Republic of the Congo, for example, drained hundreds of millions of dollars from the economy. Badly needed support from the IMF has been suspended because of the government's arrears on past loans, which it began repaying in 2005. The official annual inflation rate rose from 32% in 1998, to 133% at the end of 2004, and 585% at the end of 2005, although private sector estimates put the figure much higher. Meanwhile, the official exchange rate fell from 24 Zimbabwean dollars per US dollar in 1998 to 96,000 in mid-January 2006. The government's land reform program, characterized by chaos and violence, has badly damaged the commercial farming sector, the traditional source of exports and foreign exchange and the provider of 400,000 jobs, turning Zimbabwe into a net importer of food products.

      GDP (purchasing power parity):
      $24.99 billion (2005 est.)

      GDP (official exchange rate):
      $5.497 billion (2005 est.)

      GDP - real growth rate:
      -7% (2005 est.)

      GDP - per capita (PPP):
      $2,100 (2005 est.)

      GDP - composition by sector:
      agriculture: 17.9%
      industry: 24.3%
      services: 57.9% (2005 est.)

      Labor force:
      3.94 million (2005 est.)

      Labor force - by occupation:
      agriculture: 66%
      industry: 10%
      services: 24% (1996)

      Unemployment rate:
      80% (2005 est.)

      Population below poverty line:
      80% (2004 est.)

      Household income or consumption by percentage share:
      lowest 10%: 1.97%
      highest 10%: 40.42% (1995)

      Distribution of family income - Gini index:
      56.8 (2003)

      Inflation rate (consumer prices):
      585% official data; private sector estimates are much higher (yearend 2005 est.)

      Investment (gross fixed):
      7.9% of GDP (2005 est.)

      Budget:
      revenues: $1.409 billion
      expenditures: $1.905 billion; including capital expenditures of $NA (2005 est.)

      Public debt:
      30.1% of GDP (2005 est.)

      Agriculture - products:
      corn, cotton, tobacco, wheat, coffee, sugarcane, peanuts; sheep, goats, pigs

      Industries:
      mining (coal, gold, platinum, copper, nickel, tin, clay, numerous metallic and nonmetallic ores), steel; wood products, cement, chemicals, fertilizer, clothing and footwear, foodstuffs, beverages

      Industrial production growth rate:
      -1.7% (2005 est.)

      Electricity - production:
      8.877 billion kWh (2003)

      Electricity - consumption:
      11.22 billion kWh (2003)

      Electricity - exports:
      0 kWh (2003)

      Electricity - imports:
      3.3 billion kWh (2003)

      Oil - production:
      0 bbl/day (2003 est.)

      Oil - consumption:
      22,500 bbl/day (2003 est.)

      Oil - exports:
      0 bbl/day

      Oil - imports:
      23,000 bbl/day

      Natural gas - production:
      0 cu m (2003 est.)

      Natural gas - consumption:
      0 cu m (2003 est.)

      Current account balance:
      -$517 million (2005 est.)

      Exports:
      $1.644 billion f.o.b. (2005 est.)

      Exports - commodities:
      cotton, tobacco, gold, ferroalloys, textiles/clothing

      Exports - partners:
      South Africa 31.5%, Switzerland 7.4%, UK 7.3%, China 6.1%, Germany 4.3% (2004)

      Imports:
      $2.059 billion f.o.b. (2005 est.)

      Imports - commodities:
      machinery and transport equipment, other manufactures, chemicals, fuels

      Imports - partners:
      South Africa 46.9%, Botswana 3.6%, UK 3.4% (2004)

      Reserves of foreign exchange and gold:
      $160 million (2005 est.)

      Debt - external:
      $5.17 billion (2005 est.)

      Economic aid - recipient:
      $178 million; note - the EU and the US provide food aid on humanitarian grounds (2000 est.)

      Currency (code):
      Zimbabwean dollar (ZWD)

      Exchange rates:
      Zimbabwean dollars per US dollar - 4,303.28 (2005), 5,068.66 (2004), 697.424 (2003), 55.036 (2002), 55.052 (2001)
      note: these are official exchange rates; non-official rates vary significantly

      Fiscal year:
      calendar year


      NOTE: The information regarding Zimbabwe on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Zimbabwe Economy 2006 information contained here. All suggestions for corrections of any errors about Zimbabwe Economy 2006 should be addressed to the CIA.

    Support Our Sponsor

    Support Our Sponsor

    Please ADD this page to your FAVORITES - - - - -


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

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


    CTR060106