The economy of Zimbabwe shrank 6.5 percent year-on-year in 2019, following a 4 percent growth in the previous year. It was the first economic contraction since 2008, amid declines in agriculture (-18 percent); construction (-14 percent); mining (-11.9 percent) and manufacturing (-5.9 percent).
GDP Annual Growth Rate in Zimbabwe averaged 2.71 percent from 1961 until 2019, 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. Zimbabwe GDP Annual Growth Rate - values, historical data and charts - was last updated on October of 2020.
GDP Annual Growth Rate in Zimbabwe is expected to reach -8.00 percent by the end of 2020, 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 7.00 percent in 2021 and 5.50 percent in 2022, according to our econometric models.