Download Zimbabwe - globalEDGE

Zimbabwe
Introduction
Key Economic Facts
Zimbabwe is a landlocked country located in Southern
Africa bordering the countries of Botswana, Mozambique,
South Africa, and Zambia. The geography of Zimbabwe is
mostly high plateau and mountains in the
east. The government system is a
parliamentary democracy; the chief of
state is the president, and the head of
government is the prime minister.
Zimbabwe has a mixed economy in which there is limited
private freedom, but the economy remains highly controlled
by the government. Zimbabwe is a member of the Common
Market for Eastern and
Southern Africa (COMESA) and
the Southern African
Development Community
(SADC).
Income Level (by per capita
GNI):
Level of Development:
GDP, PPP (current international
$):
GDP growth (annual %):
GDP per capita, PPP (current
international $):
External debt stocks, total
(DOD, current US$):
Manufacturing, value added (%
of GDP):
Current account balance (BoP,
current US$):
Inflation, consumer prices
(annual %):
Labor force, total:
Unemployment, total (% of
total labor force) (modeled ILO
estimate):
Imports of goods and services
(current US$):
Exports of goods and services
(current US$):
Location: Eastern Africa
Capital City: Harare (+2 GMT)
Chief of State: Executive President Robert Gabriel
Mugabe
Head of Govt.: Executive President Robert Gabriel
Mugabe
Currency: Australian Dollars (AUD), Botswanan
Pula (BWP), British Pound Sterling
(£), Chinese Yuan (CNY), Indian
Rupees (Rs), Japanese Yen (¥),
United States Dollars (USD), and
South African Rand (ZAR)
Major Languages: Shona (official; most widely spoken),
Ndebele (official, second most widely
spoken), English (official; traditionally
used for official business), 13 minority
languages (official; includes Chewa,
Chibarwe, Kalanga, Koisan, Nambya,
Ndau, Shangani, sign language,
Sotho, Tonga, Tswana, Venda, and
Xhosa)
Primary Religions: Protestant 75.9% (includes Apostolic
38%, Pentecostal 21.1%, other
16.8%), Roman Catholic 8.4%, other
Christian 8.4%, other 1.2% (includes
traditional, Muslim), none 6.1%
Calling Code: 263
Voltage: 220
Risk Assessment (Provided by Coface)
Low Income
Developing
$27.88 billion (2015)
0.47% (2015)
$1,786.58 (2015)
$8,734,861,000.00 (2015)
11.38% (2015)
-$1.52 billion (2015)
-1.56% (2016)
7,700,766 (2016)
5.09% (2016)
$7.17 billion (2015)
$3.74 billion (2015)
GDP Composition %
Agriculture
Industry
Manufacturing
Services
59
13
28
11
*Although Manufacturing is included in the Industry figures, it is also separately
reported because it plays a critical role in economy.
Rankings
Index
Corruption Perceptions Index
Global Competitiveness Index
Global Enabling Trade Index
Index of Economic Freedom
International Logistics Performance Index (LPI)
Inward FDI Potential Index
KOF Index of Globalization
Networked Readiness Index (NRI)
Open Budget Index
Rank
154 / 176
126 / 138
126 / 136
175 / 180
151 / 160
139 / 139
121 / 187
122 / 139
77 / 102
Country rating: E - The highest-risk political and economic
situation and the most difficult business environment.
Corporate default is likely.
Business Climate rating: E - The highest possible risk in
terms of business climate. Due to a lack of available
financial information and an unpredictable legal system,
doing business in this country is extremely difficult.
Strengths
• Abundant mineral resources (platinum, gold,
diamonds, nickel)
• Agricultural wealth (maize, tobacco, cotton)
• Tourist potential
• Member of the SADC (Southern African Development
Community)
• Normalization of relations with the international
community
Weaknesses
• Economic and financial situation destabilized by a
long period of hyperinflation
• Shortage of liquidity
• Under-investment in infrastructure (energy in
particular)
• Unsustainable food and healthcare situations: The
majority of the population is dependent on
international aid
• One of the highest rates of AIDS in Africa and the
world
U.S. Embassy
172 Herbert Chitepo Avenue Harare, Zimbabwe
P.O. Box 3340
Tel: 263-4-250593/4
http://harare.usembassy.gov/
Key Websites
Commerce Ministry: mic.gov.zw
Country Memo Provided by: globalEDGE.msu.edu and EXPORT.GOV