Zimbabwe Economic Outlook

  • In 2016, Zimbabwe’s growth more than halved to 0.5% from 1.1% in 2015. The government responded to the challenging environment by instituting a raft of measures including a temporary ban on imports, issuance of bond notes and introduction of a command agriculture system.
  • Zimbabwe’s GDP growth is projected to increase by 1.3% in 2017 spurred mainly by agriculture in view of favourable rains, tourism, manufacturing, construction and financial sectors.
  • Stimulating entrepreneurship and industrialisation will require deep reforms to improve the business environment and promote employment creation.

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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

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