Zimbabwe GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Zimbabwe expanded 3.70 percent in 2013 from the previous year. GDP Annual Growth Rate in Zimbabwe averaged 2.57 percent from 1961 until 2013, reaching an all time high of 22.57 percent in 1970 and a record low of -17.70 percent in 2008. GDP Annual Growth Rate in Zimbabwe is reported by the ZIMSTAT, Zimbabwe.
||1961 - 2013
Zimbabwe’s economy, once one of the strongest in Africa, now has the lowest GDP per capita in the world. Years of mismanagement and endemic corruption has completely destroyed the country. The main sources of government revenues are exports of nickel, platinum, diamond and tobacco. To make things even worst, in response to political violence and human rights abuse, Zimbabwe has been subjected to numerous sanctions. As a result, the country experienced ten consecutive years of contraction and had one of the worst cases of hyperinflation of all time which resulted in the suspension of the national currency. The current sluggish growth is expected to endure as government fails to address structural obstacles to growth such as limited capital resource and deficient infrastructure. This page provides - Zimbabwe GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.