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Indicators of economy in Zimbabwe

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Zimbabwe, on the other hand, reached USD 1,774 per capita, or 28.37 billion USD for the whole country. Zimbabwe is one of the smaller economies and is currently ranked 105. If this is calculated per inhabitant, taking purchasing power parity into account, then Zimbabwe ranks 175th in the list of the richest countries.

Inflation in Zimbabwe in 2021 was around 98.55%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 100.0 percent lower.
The index for perceived corruption in the public sector is 23, which is rather poor by global standards.


Back to overview: Zimbabwe

Impact of the COVID-19 pandemic

Overall, the gross domestic product in Zimbabwe in 2020 decreased moderatly from 21.83 billion US dollars to 21.51 billion US dollars. Certainly, there have been shifts in some sectors of the economy, but a drop of 1.5 percent is still comparatively good this year. Numerous countries suffered more substantial losses. The tourism sector alone slumped by around 77 percent. The unemployment rate rose from 4.8 to 5.4 percent. The consumer inflation rate has risen from 255.3 percent previously to 557.2 percent now.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Zimbabwe
Total
Zimbabwe
per capita
EU
Total
EU
per capita
GDP28.37 bn USD1,773.92 USD17.177 tn USD33,384.92 USD
Gross national product24.39 bn USD1,525.20 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in billions of USD 1960 - 2021



Imports and Exports 2020

 Zimbabwe
Total
Zimbabwe
per capita
EU
Total
EU
per capita
Imports5.49 bn USD343.22 USD8.916 tn USD17,329.02 USD
Exports5.26 bn USD329.09 USD9.554 tn USD18,569.19 USD


Development of imports and exports in millions of USD 1977 - 2020

Exports
Imports



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