Zimbabwe GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Zimbabwe expanded 4.40 percent in 2012 from the previous year. GDP Annual Growth Rate in Zimbabwe is reported by the Reserve Bank of Zimbabwe. From 1961 until 2012, Zimbabwe GDP Annual Growth Rate averaged 2.5 percent reaching an all time high of 22.6 percent in December of 1970 and a record low of -17.7 percent in December of 2008. 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. 2014-04-21

Actual Previous Highest Lowest Forecast Dates Unit Frequency
4.40 10.60 22.57 -17.70 5.78 | 2013/12 1961 - 2012 percent Yearly

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Zimbabwe GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 10.80 2012-12-31 9.65 10.80 1.05 11.55 2013-12-31 USD Billion [+]
GDP Annual Growth Rate 4.40 2012-12-31 10.60 22.57 -17.70 5.78 2013-12-31 percent [+]
GDP per capita 428.54 2012-12-31 419.24 732.64 344.74 444.03 2013-12-31 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Zimbabwe Interest Rate at 14.11 percent  
The benchmark interest rate in Zimbabwe was last recorded at 14.11 percent. Interest Rate in Zimbabwe is reported by the Reserve Bank of Zimbabwe.
Zimbabwe Corporate Tax Rate at 25.75 percent  
The Corporate Tax Rate in Zimbabwe stands at 25.75 percent. Corporate Tax Rate in Zimbabwe is reported by the Zimbabwe Revenue Authority.
Zimbabwe Inflation Rate at -0.49 percent  
The inflation rate in Zimbabwe was recorded at -0.49 percent in February of 2014. Inflation Rate in Zimbabwe is reported by the Reserve bank of Zimbabwe.
Zimbabwe Balance of Trade at -3600.00 USD Million  
Zimbabwe recorded a trade deficit of 3600 USD Million in 2012. Balance of Trade in Zimbabwe is reported by the Reserve Bank of Zimbabwe.
Zimbabwe Current Account at -1256.40 USD Million  
Zimbabwe recorded a Current Account deficit of 1256.40 USD Million in 2011. Current Account in Zimbabwe is reported by the Reserve Bank of Zimbabwe.
Zimbabwe Government Budget at -4.00 Percent of GDP  
Zimbabwe recorded a Government Budget deficit equal to 4 percent of the country's Gross Domestic Product in 2012. Government Budget in Zimbabwe is reported by the Reserve Bank of Zimbabwe.
Zimbabwe Personal Income Tax Rate at 46.40 percent  
The Personal Income Tax Rate in Zimbabwe stands at 46.40 percent. Personal Income Tax Rate in Zimbabwe is reported by the Zimbabwe Revenue Authority.
Zimbabwe GDP per capita at 428.54 USD  
The Gross Domestic Product per capita in Zimbabwe was last recorded at 428.54 US dollars in 2012. The GDP per Capita in Zimbabwe is equivalent to 3 percent of the worlds average. GDP per capita in Zimbabwe is reported by the World Bank.
Zimbabwe GDP at 10.80 USD Billion  
The Gross Domestic Product (GDP) in Zimbabwe was worth 10.80 billion US dollars in 2012. The GDP value of Zimbabwe represents 0.02 percent of the world economy. GDP in Zimbabwe is reported by the World Bank.
Zimbabwe Population at 12.97 million  
The total population in Zimbabwe was last recorded at 13.0 million people in 2012 from 3.8 million in 1960, changing 246 percent during the last 50 years. Population in Zimbabwe is reported by the ZIMSTAT.
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