Data at glance of Zimbabwe - average on period

variable 1980-1989 1990-1999 2000-2007 2008-2009 2010-2019 2022 2023 2024 2025 2026
real gdp growth - -2.65 -7.68 13.7 3.41 5.3 1.7 7.5 5.0 4.2
CPI % - - - 4.6 82.86 667.4 736.1 81.4 8.0 8.0
Unemployment rate - - - - - - - - - -
Debt/GDP % - - 30.15 36.45 37.47 76.1 70.4 43.8 42.3 41.4
Current account balance/GDP % -1.7 -2.37 0.54 -7.35 -4.89 0.3 1.0 4.0 3.7 3.5

Data derived from World Economic Outlook Database. To see main macroeconomic indicator in graphs click here

History

The hunter-gatherer San people first inhabited the area that eventually became Zimbabwe. Farming communities migrated to the area around A.D. 500 during the Bantu expansion, and Shona-speaking societies began to develop in the Limpopo valley and Zimbabwean highlands around the 9th century. These societies traded with Arab merchants on the Indian Ocean coast and organized under the Kingdom of Mapungubwe in the 11th century. A series of powerful trade-oriented Shona states succeeded Mapungubwe, including the Kingdom of Zimbabwe (ca. 1220-1450), Kingdom of Mutapa (ca. 1450-1760), and the Rozwi Empire. The Rozwi Empire expelled Portuguese colonists from the Zimbabwean plateau, but the Ndebele clan of Zulu King MZILIKAZI eventually conquered the area in 1838 during the era of conflict and population displacement known as the Mfecane. In the 1880s, colonists arrived with the British South Africa Company (BSAC) and obtained a written concession for mining rights from Ndebele King LOBENGULA. The king later disavowed the concession and accused the BSAC agents of deceit. The BSAC annexed Mashonaland and then conquered Matabeleland during the First Matabele War of 1893-1894, establishing company rule over the territory. In 1923, the UK annexed BSAC holdings south of the Zambezi River, which became the British colony of Southern Rhodesia. The 1930 Land Apportionment Act restricted Black land ownership and established rules that would favor the White minority for decades. A new constitution in 1961 further cemented White minority rule. In 1965, the government under White Prime Minister Ian SMITH unilaterally declared its independence from the UK. London did not recognize Rhodesia’s independence and demanded more voting rights for the Black majority in the country. International diplomacy and an uprising by Black Zimbabweans led to biracial elections in 1979 and independence (as Zimbabwe) in 1980. Robert MUGABE, who led the uprising and became the nation's first prime minister, was the country's only ruler (as president since 1987) from independence until 2017. In the mid-1980s, the government tortured and killed thousands of civilians in a crackdown on dissent known as the Gukurahundi campaign. Economic mismanagement and chaotic implementation of land redistribution policies periodically crippled the economy. General elections in 2002, 2008, and 2013 were severely flawed and widely condemned but allowed MUGABE to remain president. In 2017, Vice President Emmerson MNANGAGWA became president after a military intervention that forced MUGABE to resign, and MNANGAGWA cemented power by sidelining rival Grace MUGABE (Robert MUGABE’s wife). In 2018, MNANGAGWA won the presidential election, and he has maintained the government's longstanding practice of violently disrupting protests and politicizing institutions. Economic conditions remain dire under MNANGAGWA.

Environment

Area: 390,757 sq km km2

Climate: tropical; moderated by altitude; rainy season (November to March)

Natural resources: coal, chromium ore, asbestos, gold, nickel, copper, iron ore, vanadium, lithium, tin, platinum group metals

Ethnic characteristics

Groups: African 99.6% (predominantly Shona; Ndebele is the second largest ethnic group), other (includes Caucasian, Asiatic, mixed race) 0.4% (2022 est.)

Languages:

Religions: Apostolic Sect 40.3%, Pentecostal 17%, Protestant 13.8%, other Christian 7.8%, Roman Catholic 6.4%, African traditionalist 5%, other 1.5% (includes Muslim, Jewish, Hindu), none 8.3% (2022 est.)

Government

Capital: Harare

Government type: presidential republic

Executive branch

Chief of state: President Emmerson Dambudzo MNANGAGWA (since 4 September 2023)

Head of government: Vice President Constantino CHIWENGA (since 11 September 2023)

Legislative branch

Description: Parliament - bicameral

Economic Overview

low income Sub-Saharan economy; political instability and endemic corruption have prevented reforms and stalled debt restructuring; new Zimbabwe Gold (ZiG) currency latest effort to combat ongoing hyperinflation; reliant on natural resource extraction, agriculture and remittances

Industries

mining (coal, gold, platinum, copper, nickel, tin, diamonds, clay, numerous metallic and nonmetallic ores), steel, wood products, cement, chemicals, fertilizer, clothing and footwear, foodstuffs, beverages

GDP by sector: Agriculture: 5.4% (2024 est.), Industry: 31.8% (2024 est.), Services: 55.8% (2024 est.)

Trade

Export partners: UAE 45%, China 18%, South Africa 15%, Mozambique 4%, Hong Kong 2% (2023)

Export commodities: gold, tobacco, nickel, minerals, diamonds (2023)

Import partners: South Africa 37%, China 15%, Bahamas, The 5%, Singapore 5%, UAE 4% (2023)

Import commodities: refined petroleum, fertilizers, trucks, soybean oil, stone processing machines (2023)

Geography

Southern Africa, between South Africa and Zambia

Defence

Military expenditure: 2024: 0.4% of GDP (2024 est.)

Information derived from worldfactbook.io (Lupon Media), open successor to the CIA World Factbook. Data sourced from World Bank, IMF, UN and other international organizations.