Zimbabwe Economic Outlook

  • Economic growth slowed to around 3% in 2014, and only a marginal improvementis expected for 2015 and 2016, with persistent de-industrialisation and a growing informal economy.
  • There is a need to continue implementation of structural reforms to improve the business environment, achieve a sustainable current account balance, reform public enterprises and make growth more inclusive.
  • Various initiatives have been taken to improve spatial inclusion, but progress has been limited by slow implementation of the related policies and strategies.


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. Kennedy Mbekeani, Officer-in-Charge

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 2015: 14.2 Million
Urban Population 2015: 39.58%
Female Population 2015: 50.63%
GDP: US$ 10.4 Billion
GNI Per Capita 2015: US$ 650
Inflation Rate: 4.14%
Crude Birth Rate (per 1000): 31.26%
Human Development Index (rank / 187): 172
Human Development Index (scale 0 to 1): 0.397
Membership Date: 23/06/1980
Cumulative Approvals (1967-2015): UA 786.6 Million

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