The Gross Domestic Product (GDP) in Zimbabwe expanded 4 percent in 2018 from the previous year.

GDP Annual Growth Rate in Zimbabwe averaged 2.87 percent from 1961 until 2018, reaching an all time high of 22.57 percent in 1970 and a record low of -17.20 percent in 2003. This page provides - Zimbabwe GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Annual Growth Rate in Zimbabwe is expected to be -10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Zimbabwe GDP Annual Growth Rate is projected to trend around 3.30 percent in 2020, according to our econometric models.


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Zimbabwe GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.00 2.90 22.57 -17.20 1961 - 2018 percent Yearly

Zimbabwe GDP Annual Growth Rate
Zimbabwe’s economy, once one of the strongest in Africa, has one of 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.

Zimbabwe GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 4.00 2.90 22.57 -17.20 percent [+]
GDP 31.00 22.81 31.00 1.05 USD Billion [+]
GDP per capita 1322.30 1263.30 1524.30 725.60 USD [+]
GDP Per Capita Ppp 2688.41 2568.41 3099.08 1475.14 USD [+]