The economic architecture of Zimbabwe is substantial, anchored by a Gross Domestic Product (GDP) of approximately $35.23B
2023
. This places it as the 100th largest economy out of 191 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $2.16K
2023
, while its GDP adjusted for Purchasing Power Parity (PPP) is estimated at $62.43B, offering a clearer picture of the population's domestic purchasing power. The economy is experiencing a period of vigorous expansion, with a high growth rate of 5.3%
2023
, though this rapid growth is shadowed by high inflation, with the Consumer Price Index (CPI) reaching 104.7%, suggesting the economy may be overheating.
2022
On the global stage, Zimbabwe's trade and financial dynamics reveal a complex interplay of international and domestic factors. The nation's economic activity is heavily reliant on foreign goods, running a considerable trade deficit with imports at 29.2% of GDP and exports at 21.6%
2023
. The investment climate attracts significant Foreign Direct Investment (FDI), with inflows constituting 1.58% of the economy
2023
. This performance positions the country 108th globally out of 186 nations, confirming its status as a competitive destination for foreign capital. Furthermore, personal remittances from its diaspora are a vital component of the economy, amounting to a substantial $3.3B annually
2023
. The government operates under fiscal constraints, with a limited tax base that generates revenue equivalent to only 7.2% of GDP.
2018
The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $2,060
2023
, ranking the nation 149th out of 190. This figure provides a comprehensive measure of the average income per person, reflecting the nation's overall economic well-being. The country confronts significant labor market challenges, evidenced by a high unemployment rate of 8.6%.
2024
A key feature of the workforce is its concentration in the services sector, which accounts for 35.1% of total employment
2023
. Despite its economic standing, poverty remains a salient issue, with 38.3% of the population living below the national poverty line
2019
. Wealth distribution is a major societal challenge, indicated by a high Gini index of 50.3, pointing to severe income inequality.
2019
In the environmental and energy sectors, the nation's policies and outcomes reflect its developmental priorities. Energy consumption per capita stands at 416.587 kg of oil equivalent
2022
, a metric that often correlates with industrial activity and living standards. The country is at the forefront of the global green transition, with renewable sources constituting a remarkable 82.4% of total final energy consumption
2021
. This commitment places it 178th among 190 countries, highlighting its relative progress in decarbonization. Total greenhouse gas emissions were last recorded at 31.02K tonnes of CO2 equivalent
2023
, a key factor in its national climate strategy and international obligations.

Key Economic Insights

Macroeconomic Health

Rampant inflation is the most urgent economic threat, eroding purchasing power, destabilizing markets, and complicating policy choices.

Trade & Investment Profile

The orientation towards global trade and foreign investment is a defining feature of the economic landscape.

Social Equity & Distribution

Critical levels of poverty and extreme income inequality present fundamental obstacles to sustainable development and social cohesion.

Energy & Sustainability

A global leader in the green transition, the country leverages its strong commitment to renewable energy as a key economic and diplomatic advantage.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.