Zimbabwe Economic Outlook

  • Economic growth decelerated from 10.6% in 2011 to 4.4% in 2012, reflecting a fragile recovery owing largely to inherent political and economic uncertainties, a high debt overhang and the deteriorating infrastructure.
  • Key challenging factors to doing business include policy instability, lack of funding, corruption, excessive or poorly functioning government bureaucracy and inadequate infrastructure.
  • As a highly natural resources rich and dependent economy, Zimbabwe is vulnerable to environmental  conditions. Moreover, the resource base has been stressed by increases in population and competition for natural resources.


Southern Africa Resource Center (SARC)

African Development Bank Group
339 Witch-Hazel Avenue
Highveld Ext. 78
Centurion, South Africa

Tel: +27 12 003 6900

Mr. Ebrima Faal, RRC Director

Zimbabwe field office

African Development Bank Group
5th Floor Joina City
Cnr. Jason Moyo Ave/Julius Nyerere Way
Harare, Zimbabwe

Phone: (263) 4 752 917/838
Fax: (263) 4 779 398

Mr. Mateus Magala, Resident Representative


Key Facts

Capital: Harare
Area: 391,000 sq km
Total Population 2012: 13.0 Million
Urban Population 2012: 39.29%
Female Population 2012: 50.61%
GDP: US$ 8.6 Billion
GNI Per Capita 2012: US$ 640
Inflation Rate: 5.10%
Crude Birth Rate (per 1000): 28.82%
Human Development Index (rank / 187): 172
Human Development Index (scale 0 to 1): 0.397
Membership Date: 23/06/1980
Cumulative Approvals (1967-2012): UA 751.0 Million

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