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The government of Zimbabwe faces a wide variety of difficult economic problems. Its 1998-2002 involvement in the war in the Democratic Republic of the Congo drained hundreds of millions of dollars from the economy. The government's land reform program, characterized by chaos and violence, has badly damaged the commercial farming sector, the traditional source of exports and foreign exchange and the provider of 400,000 jobs, turning Zimbabwe into a net importer of food products. The EU and the US provide food aid on humanitarian grounds. Until early 2009, the Reserve Bank of Zimbabwe routinely printed money to fund the budget deficit, causing hyperinflation. The power-sharing government formed in February 2009 has led to some economic improvements, including the cessation of hyperinflation by eliminating the use of the Zimbabwe dollar and removing price controls. The economy is registering its first growth in a decade, but will be reliant on further political improvement for greater growth.
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$98.09 million (2009 est.)
country comparison to the world: 219
$99.4 million (2008 est.)
$116.1 million (2007 est.)
note:
data are in 2009 US dollars
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$4.397 billion
note:
in 2009, the Zimbabwean dollar was taken out of circulation, making Zimbabwe's GDP at the official exchange rate a highly inaccurate statistic
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-1.3% (2009 est.)
country comparison to the world: 134
-14.4% (2008 est.)
-5.6% (2007 est.)
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Less than $100 (2009 est.)
Less than $100 (2008 est.)
Less than $100 (2007 est.)
note:
data are in 2009 US dollars
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agriculture: 19.1%
industry:
23.9%
services:
56.9% (2009 est.)
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3.84 million (2009 est.)
country comparison to the world: 87
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agriculture: 66%
industry:
10%
services:
24% (1996)
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95% (2009 est.)
country comparison to the world: 199
80% (2005 est.)
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68% (2004)
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lowest 10%: 2%
highest 10%:
40.4% (1995)
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50.1 (2006)
country comparison to the world: 25
50.1 (1995)
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21.5% of GDP (2009 est.)
country comparison to the world: 72
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revenues: $133 million
expenditures:
$258 million (2008 est.)
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282.6% of GDP (2009 est.)
country comparison to the world: 1
247% of GDP (2008 est.)
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5.1% (2009 est.)
country comparison to the world: 145
14.9 billion% (2008 est.)
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NA% (31 December 2008)
country comparison to the world: 1
975% (31 December 2007)
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NA% (31 December 2008)
country comparison to the world: 1
578.96% (31 December 2007)
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$NA (31 December 2008)
$14.18 trillion (31 December 2007)
note:
this number reflects the vastly overvalued official exchange rate of 30,000 Zimbabwe dollars per US dollar; at an unofficial rate of 800,000 Zimbabwe dollars per US dollar, the stock of Zimbabwe dollars would equal only about US$500 million and Zimbabwe's velocity of money (the number of times money turns over in the course of a year) would be nine, in line with the velocity of money for other countries in the region
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$NA (31 December 2008)
$4.11 trillion (31 December 2007)
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$NA (31 December 2008)
$24.91 billion (31 December 2007)
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$NA (31 December 2008)
country comparison to the world: 78
$5.333 billion (31 December 2007)
$26.56 billion (31 December 2006)
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corn, cotton, tobacco, wheat, coffee, sugarcane, peanuts; sheep, goats, pigs
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mining (coal, gold, platinum, copper, nickel, tin, clay, numerous metallic and nonmetallic ores), steel; wood products, cement, chemicals, fertilizer, clothing and footwear, foodstuffs, beverages
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-2% (2009 est.)
country comparison to the world: 91
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8.89 billion kWh (2007 est.)
country comparison to the world: 95
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10.89 billion kWh (2007 est.)
country comparison to the world: 83
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32 million kWh (2007 est.)
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2.691 billion kWh (2007 est.)
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0 bbl/day (2009 est.)
country comparison to the world: 120
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11,000 bbl/day (2009 est.)
country comparison to the world: 148
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0 bbl/day (2007 est.)
country comparison to the world: 166
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13,830 bbl/day (2007 est.)
country comparison to the world: 131
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0 bbl (1 January 2009 est.)
country comparison to the world: 104
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0 cu m (2008 est.)
country comparison to the world: 109
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0 cu m (2008 est.)
country comparison to the world: 170
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0 cu m (2008 est.)
country comparison to the world: 96
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0 cu m (2008 est.)
country comparison to the world: 111
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0 cu m (1 January 2009 est.)
country comparison to the world: 117
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-$807.5 million (2009 est.)
country comparison to the world: 127
-$584.3 million (2008 est.)
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$1.213 billion (2009 est.)
country comparison to the world: 142
$1.396 billion (2008 est.)
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platinum, cotton, tobacco, gold, ferroalloys, textiles/clothing
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Democratic Republic of the Congo 14.82%, South Africa 13.39%, Botswana 13.23%, China 7.82%, Zambia 7.3%, Netherlands 5.39%, UK 4.93% (2009)
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$2.413 billion (2009 est.)
country comparison to the world: 145
$1.915 billion (2008 est.)
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machinery and transport equipment, other manufactures, chemicals, fuels, food products
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South Africa 62.24%, China 4.2% (2009)
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$351 million (31 December 2009 est.)
country comparison to the world: 143
$96 million (31 December 2008 est.)
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$5.821 billion (31 December 2009 est.)
country comparison to the world: 98
$5.669 billion (31 December 2008 est.)
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$NA
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$NA
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Zimbabwean dollars (ZWD) per US dollar - 234.25 (2008), 30,000 (2007), 162.07 (2006), 77.965 (2005)
note:
these are official exchange rates; non-official rates vary significantly
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