Zimbabwe Economic Outlook

Economic growth is expected to improve to an estimated 2.6% in 2017 from 0.7% in 2016, driven by stronger performance in agriculture, mining, electricity, and water. Economic performance in 2018 is likely to be affected by political changes; real GDP growth is projected to be 1% in 2018 and 1.2% in 2019. The economy continues to face structural challenges from high informality, weak domestic demand, high public debt, weak investor confidence, and a challenging political environment. The country is experiencing a liquidity crisis, which is a manifestation of structural deficiencies and distortions in the economy. Progress was made in improving the business climate, but governance and accountability remain problematic.

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Key Facts

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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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

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 Damoni Kitabire, Country Manager

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