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Zimbabwe

Zimbabwe Economic Outlook

GDP contracted by 12.8% in 2019 due to poor performance in mining, tourism, and agriculture. Foreign currency and electricity shortages affected mining and tourism. Agriculture shrank about 15.8% due to cyclone Idai in March 2019, prolonged drought, livestock diseases, and currency shortages reducing the availability of inputs. Despite a global mineral price recovery, production in Zimbabwe dropped below 2018 levels. Austerity measures through the Transitional Stabilization Program 2018–20 and attendant monetary reforms constricted economic activity. Any 2020–21 recovery would depend on quick turnaround in the real sector. In the medium term, however, fiscal and monetary reforms are expected to stabilize the economy and begin to generate positive results.

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Key Facts

Flag:
Capital: Harare
Area: 391,000 sq km
Total Population 2017: 16.3 Million...
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 12.9 Billion
GNI Per Capita 2015: US$ 850
Inflation Rate: 8.22%
Crude Birth Rate (per 1000): 32.90%
Human Development Index (rank / 188): 154
Human Development Index (scale 0 to 1): 0.516
Membership Date: 23/06/1980
Cumulative Approvals (1967-2016): UA 821.3 Million

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Contacts

Southern Africa Regional Development and Business Delivery Office

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

Tel: +27 12 003 6900

Mr Kapil Kapoor, Director General

Zimbabwe Country office (COZW)

African Development Bank Group

Block 1, Ground Floor, Arundel Office Park, 107 Norfolk Road, Mount Pleasant, Harare,  Zimbabwe
Office Telephone Numbers: +263 782 784 544-6, 732 458 568-9, 716 801 430-1
 

Mr Damoni Kitabire, Country Manager