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Zimbabwe

Republic of Zimbabwe

English, Shona, Ndebele Zimbabwe Gold (ZiG) Mixed: Roman-Dutch law, English common law, customary law
AU, SADC, COMESA, AfCFTA, WTO

Zimbabwe possesses extraordinary mineral wealth, including the world's second-largest platinum deposits, significant gold reserves, and Africa's largest lithium deposits at Bikita Minerals and Arcadia (owned by Prospect Resources/Zhejiang Huayou). The country is also a major producer of chrome, diamonds, and nickel.

Agriculture remains vital, with tobacco as the leading agricultural export (world's sixth-largest producer). Victoria Falls is an iconic tourism destination. The economy has faced persistent macroeconomic challenges including hyperinflation, currency instability, and a complex multi-currency system using both USD and the Zimbabwe Gold (ZiG) introduced in April 2024.

The Zimbabwe Investment and Development Agency (ZIDA) administers investment facilitation. The government's "Vision 2030" targets upper-middle-income status. Key reforms needed include currency stability, property rights clarity, and reduction of the informal economy.

Snapshot

Population~17.0 MWorld Bank, 2025
GDP (current USD)$51.2 BWorld Bank, 2025
GDP per Capita$3,021World Bank, 2025
GDP Growth8.11%World Bank, 2025
Inflation (y/y)~104.71%World Bank, 2022
Bank policy rate (RBZ)35.00%Central Bank
Unemployment9.29%World Bank, ILO modelled estimate, 2025
Internet Use~41.64%World Bank, 2024
Electrification~49.00%World Bank WDI
CPI Score (Rank)23.0/100 (#157)Transparency Intl
HDI (Rank)0.593 (#146)UNDP HDR
MarketZimbabwe Stock Exchange (ZSE)

World Bank Indicators Compare with another country

GDP (current USD)$51.2 BWorld Bank, 2025
GDP growth (annual)8.11%World Bank, 2025
GDP per capita (USD)$3,021World Bank, 2025
Population, total17.0 MWorld Bank, 2025
FDI net inflows (USD)$465.4 MWorld Bank, 2024
Inflation (consumer prices)104.71%World Bank, 2022
Unemployment (% labour force)9.29%World Bank, 2025
Internet use (% of people)41.64%World Bank, 2024
Trade (% of GDP)41.50%World Bank, 2024

Country Facts

CapitalHarare
RegionSouthern Africa
CurrencyZimbabwe Gold (ZiG)
FX RegimeMultiple currency system (USD + Zimbabwe Gold ZiG)
Stock ExchangeZimbabwe Stock Exchange (ZSE)
Investment Promotion AgencyZimbabwe Investment and Development Agency (ZIDA)
Legal SystemMixed: Roman-Dutch law, English common law, customary law
Time ZoneAfrica/Harare

Focus Sectors

Mining (platinum
gold
lithium
chrome
diamonds)
Agriculture (tobacco
sugar)
Tourism (Victoria Falls)
Manufacturing
Financial Services
Energy
Construction
Telecoms
Retail
Transport

Regulations & Taxes

Corporate Income Tax25% standard (24.72% effective with AIDS levy)
VAT / Sales Tax15% standard