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Indicators of economy in Zimbabwe

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Zimbabwe reached 1.215 US dollars per inhabitant, or 18.05 bn US Dollar in the whole country. Zimbabwe is one of the smaller economies and is currently ranked 117. If this is calculated per inhabitant taking into account the purchasing power parity, then Zimbabwe is in the list of the world's richest countries in place 159.

Inflation in Zimbabwe was in 2020 at around 557.20%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 100.0% lower.
The Corruption Perceptions Index for the public sector counts 23 and is compared to other countries very bad.


Back to overview: Zimbabwe

Impact of the Covid-19 pandemic in 2020

The consequences of the Covid pandemic were not insignificant in Zimbabwe 2020. Overall, gross domestic product in 2020 fell from 19.28 billion US Dollar auf 18.05 billion US Dollar. With a drop of 6.4 percent, the economy in Zimbabwe suffered more significant losses than other countries.. 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% previously to 557.2% now.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Zimbabwe
Total
Zimbabwe
per capita
EU
Total
EU
per capita
GDP18.05 bn USD1,214.51 USD15,291.93 tn USD29,692.11 USD
Gross national product16.94 bn USD1,139.78 USD15,330.84 tn USD29,767.66 USD


Development of the Gross domestic product in billion US Dollar 1960 - 2020



Im- and Exports 2020

 Zimbabwe
Total
Zimbabwe
per capita
EU
Total
EU
per capita
Imports5.49 bn USD369.33 USD7,340.01 bn USD14,251.98 USD
Exports5.26 bn USD354.12 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in million US dollars 1977 - 2020

Exports
Imports



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