Our website uses cookies to improve your online experience. Please check your download folder. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. The World Bank estimates Zimbabwe’s gross domestic product will contract 10% this year. Live data and insights on Coronavirus outbreak around the world, including detailed statistics for the US, Italy, EU, and China. Data for Gross Domestic Product per Capita, constant prices (purchasing power parity; 2011 international dollars) have been added to the online database. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. Gross domestic product 2019 (millions of Ranking Economy US dollars) ... ZWE 112 Zimbabwe 21,441 BIH 113 Bosnia and Herzegovina 20,048 ... World Bank, 1 July 2020 2. This page provides the latest … GDP helps to provide a snapshot of a country’s economy and can be calculated using expenditures, production, or incomes. The Gross Domestic Product per capita in Zimbabwe was last recorded at 1183.10 US dollars in 2019. “The GDP (gross domestic product) of Zimbabwe right now in 2020 is just over $1,1 trillion and so the budget requests and the size of the … Zimbabwe individual diaspora remittances surpassed more than $1 billion in 2020, rising more than 50% from $636 million the previous year. Zimbabwe Global Economic Prospects examines trends for the world economy and how they affect developing countries. You can change your personal cookie settings through your internet browser settings. "The deterioration of the trade balance and secondary income account will push the current account to a deficit territory of 2,0% of GDP in 2020 (baseline) which … Nominal (current) Gross Domestic Product (GDP) of Zimbabwe is $22,040,902,300 (USD) as of 2017.; Real GDP (constant, inflation adjusted) of Zimbabwe reached $17,985,583,517 in 2017.; GDP Growth Rate in 2017 was 4.70%, representing a change of 808,037,829 US$ over 2016, when Real GDP was $17,177,545,688. Please check your download folder. Its subsequent shutdown is the … GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. The Public Expenditure Review (PER) with a Focus on Agriculture, a joint report by the Government in Zimbabwe and the World Bank, reveals an increase in spending and investments in the agriculture sector to 5.7% of the country’s gross domestic product (GDP) in 2017, up from around 1.1% between 2011 and 2015. Presenting the 2020 budget to parliament, Ncube also said the country's budget deficit is projected at 1.5% of gross domestic product (GDP) in 2020 from 4% of GDP this year. In brief. GDP per capita (2017 PPP $) n.a. Gross domestic product (GDP), total (2017 PPP $ billions) n.a. The October 2017 WEO database includes revisions to net and gross debt series for a number of countries. GDP per capita in Zimbabwe averaged 1219.44 USD from 1960 until 2019, reaching an all time high of 1524.30 USD in 1998 and a record low of 725.60 USD in 2008. This page provides forecast and historical data, charts, statistics, news and updates for Zimbabwe Nominal Gross Domestic Product. Inflation Rate Inflation Rate 0 10 20 30 40 Dec 2020 Nov 2020 Oct 2020 Sept 2020 Aug 2020 July 2020 June 2020 May 2020 Apr 2020 Mar 2020 Feb 2020 Jan 2020 Month-on-Month: Inflation Figures Month moths (Reporting by MacDonald Dzirutwe Writing by Olivia Kumwenda-Mtambo Editing by Frances Kerry) And according to official estimates, the sector also contributes approximately 17 percent to Zimbabwe’s gross domestic product (GDP). GDP helps to provide a snapshot of a country’s economy and can be calculated using expenditures, production, or incomes. This publication provides data on Quarterly Gross Domestic Product (GDP) estimates for the four quarters of 2019 and the annual figure for 2019. Zimbabwe - Gross domestic product in current prices 14.00 (billion US dollars) in 2020 Zimbabwe GDP was at level of 14 billion US dollars in 2020, down from 18.7 billion US dollars previous year, this is a change of 25.12%. This was largely due to increased use of formal channels, amid national lockdowns and restrictions implemented by countries due to Covid-19. Knoema, an Eldridge business, is the most comprehensive source of global decision-making data in the world. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. ; GDP per Capita in Zimbabwe (with a population of 14,236,595 … Region : Eastern Africa: Population (000, 2020) 14 863: Pop. Zimbabwe GDP per capita was at level of 922 US dollars in 2020, down from 1,254 US dollars previous year, this is a change of 26.52%. This all but destroyed Zimbabwe’s economy, leading to very low gross domestic product (GDP) per capita and a government struggling to finance itself. In 2020, the Gross Domestic Product (GDP) decreased by 5.7 percent due to many businesses collapsing and thousands of Kenyans losing their jobs. It also includes the first and second quarter of 2020 with special focus on second quarter of 2020 . As uncertainty about the duration and severity of the virus spread remains high, GDP is expected to contract in 2020 between 5% under the baseline scenario and 10% in the low case scenario. The description is composed by our digital data assistant. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Integrate your data with the world’s data in a personalized and collaborative environment, purpose-built to support your organizational objectives. density (per km2, 2020) 38.4: Capital city : Harare: Capital city pop. Region : Eastern Africa: Population (000, 2020) 14 863: Pop. Growing Inequity Highlighted in US President Biden's Inaugural Speech, QuERI International | The COVID-19 Pandemic and the Future of the Global Economy, Current account balance as a share of GDP. It also includes the first and second quarter of 2020 with special focus on second quarter of 2020 . It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Gross national income (GNI) per capita (constant 2017 PPP$) n.a. The description is composed by our digital data assistant. Inflation reached triple digit levels in 2019, and is projected to remain high in 2020 as COVID-19 disrupts production and trade. “Despite rhetoric that Zimbabwe is open for business, the country is increasingly closed off, and the regime is struggling to abate the economic crisis,” said Nathan Hayes, an analyst at the Economist Intelligence Unit. The GDP per Capita in Zimbabwe is equivalent to 9 percent of the world's average. However, GDP remained 2.4% below its … Real Gross Domestic Product for Zimbabwe from International Monetary Fund (IMF) for the International Financial Statistics (IFS) release. Gross domestic product (GDP) … According to the World Bank (2019), the agriculture sector contributes about 10% of the formal gross domestic product (GDP) in Zimbabwe. Gross Domestic Product (GDP) is the monetary market value of all final goods and services made within a country during a specific period. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Zimbabwe’s stock exchange had served as a refuge of sorts, protecting the African country’s investor class from surging inflation. He also said the country’s budget deficit would narrow to 1.5% of gross domestic product (GDP) in 2020 from 4% of GDP this year as the government keeps spending in check. World and regional statistics, national data, maps and rankings, Discover new signals and insights from leading alternative and fundamental data providers, Latest releases of new datasets and data updates from different sources around the world. Confirmed and recovered cases, deaths, alternative data on economic activities, customer behavior, supply chains, and more. Nominal Gross Domestic Product for Zimbabwe from International Monetary Fund (IMF) for the International Financial Statistics (IFS) release. Zimbabwe gdp for 2019 was $21.44B, a 11.81% decline from 2018. Data are in current U.S. dollars. Countries in Africa are sorted according to data from the International Monetary Fund.The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on … The coronavirus (Covid-19) is exacerbating long-standing structural issues, and Zimbabwe's economy will remain weak. (Reporting by MacDonald Dzirutwe Writing by Olivia Kumwenda-Mtambo Editing by Frances Kerry) The first budget of July 1980 was described by the finance minister as “conservative [with] a mild and pragmatic application of socialism.” But the white minority had passed on … Our tools allow individuals and organizations to discover, visualize, model, and present their data and the world’s data to facilitate better decisions and better outcomes. Our Insights blog presents deep data-driven analysis and visual content on important global issues from the expert data team at Knoema. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. Gross domestic product (GDP) is estimated to have contracted by 8.1% in 2019 and the recession is projected to continue in 2020 due to persistent climate shocks and domestic vulnerabilities worsened by … High inflation eroded disposable incomes of population and depressed domestic demand. The description is composed by our digital data assistant. Estimates from the Reserve Bank of Zimbabwe (RBZ) show that as at October 30, 2020, Zimbabwe had registered a 48 percent jump in remittances to US$760 million, from the prior comparable period. He also said the country’s budget deficit would narrow to 1.5% of gross domestic product (GDP) in 2020 from 4% of GDP this year as the government keeps spending in check. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. ; GDP per Capita in Zimbabwe (with a population of 14,236,595 people) was $1,263 in … Gross national income (GNI) per capita (constant 2017 PPP$) n.a. Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database. The way ahead In … Zimbabwe individual diaspora remittances surpassed more than $1 billion in 2020, rising more than 50% from $636 million the previous year. The UN’s annual report, the World Economic Situation and Prospects 2020, forecasts a modest acceleration in global growth, reaching 2,5% in 2020 and 2,7% in 2021. What is GDP per capita? Estimated gross national income per capita, female (2017 PPP $) n.a. Graph and download economic data for Real Gross Domestic Product for Zimbabwe (ZWENGDPRPCPPPT) from 2004 to 2021 about Zimbabwe, REO, real, GDP, and rate. Estimated gross national income per capita, female (2017 PPP $) n.a. Gross domestic product 2019 (millions of Ranking Economy US dollars) ARM 131 … Estimated gross national income per capita, male (2017 PPP $) n.a. Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Gross Domestic Product (GDP) is the monetary market value of all final goods and services made within a country during a specific period. density (per km2, 2020) 38.4: Capital city : Harare: Capital city pop. They were placed on your computer when you launched this website. Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. This page provides forecast and historical data, charts, statistics, news and updates for Zimbabwe Real Gross Domestic Product. Leverage our AI Workflow Tools and online data environment to manipulate, visualize, present, and export data. Protests about the deepening economic crisis, particularly the shortage of essential goods, as well as sharply declining real wages amid soaring inflation, highlight the risk of wider political instability. Curated by Knoema’s data analysts to deliver leading short-term and long-term indicators and forecasts from trusted sources for each of the covered industries. Published by H. Plecher, Jun 2, 2020 The statistic shows gross domestic product (GDP) in Zimbabwe from 1994 to 2019, with projections up until 2021. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets. Okay to continue GDP per capita (2017 PPP $) n.a. Estimated gross national income per capita, male (2017 PPP $) n.a. Data are in current U.S. dollars. This publication provides data on Quarterly Gross Domestic Product (GDP) estimates for the four quarters of 2019 and the annual figure for 2019. Inflation Rate Inflation Rate 0 10 20 30 40 Dec 2020 Nov 2020 Oct 2020 Sept 2020 Aug 2020 July 2020 June 2020 May 2020 Apr 2020 Mar 2020 Feb 2020 Jan 2020 … Nominal (current) Gross Domestic Product (GDP) of Zimbabwe is $22,040,902,300 (USD) as of 2017.; Real GDP (constant, inflation adjusted) of Zimbabwe reached $17,985,583,517 in 2017.; GDP Growth Rate in 2017 was 4.70%, representing a change of 808,037,829 US$ over 2016, when Real GDP was $17,177,545,688. Zimbabwe - Zimbabwe - The economy: Upon independence in 1980, Robert Mugabe’s government moved cautiously to alter the pattern of management that it inherited from the white minority regime. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Zimbabwe gdp … We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. 14 Dec. 2020 - Gross domestic product (GDP) in the G20 area rebounded by 8.1% in the third quarter of 2020 following the unprecedented falls in the first half of the year due to COVID-19 containment measures. Gross domestic product (GDP), total (2017 PPP $ billions) n.a. This all but destroyed Zimbabwe’s economy, leading to very low gross domestic product (GDP) per capita and a government struggling to finance itself. 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