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~17.4 MWorld Bank WDI
GDP (current USD)$53.3 BIMF WEO
GDP per Capita$1,720IMF WEO
GDP Growth2.00%IMF WEO
Inflation (y/y)~47.00%Central Bank / IMF
Policy Rate (Bank policy rate (RBZ))35.00%Central Bank
Unemployment16.00%ILO / National Stats
Internet Use~35.00%World Bank WDI
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)

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
Data Notes: Population, GDP, and GDP per capita are latest IMF WEO / World Bank estimates. Inflation is year-over-year. Trade data from UN Comtrade/OEC (2023). Tax rates from PwC/KPMG country guides. CPI from Transparency International. HDI from UNDP Human Development Report.
Narrative last updated: April 8, 2026.