Zimbabwe

Zimbabwe Economic Outlook

  • Economic growth slowed from 3.8% in 2014 to an estimated 1.5% in 2015 as a result of weak domestic demand, high public debt, tight liquidity conditions, drought, poor infrastructure, institutional weaknesses and an overvalued exchange rate with projected negative inflation in 2016 and 2017.
  • The business environment improved according to the World Bank report, Doing Business 2016, with the country moving up 16 places to 155 out of 189 countries.
  • Zimbabwe has experienced reverse urbanisation in recent years as an economic slowdown hampered opportunities in cities.

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Key Facts

Flag:
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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Contacts

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

Ms. Mary Monyau, Officer-in-Charge