Zimbabwe: Mugabe Woos Foreign Investors

Zimbabwe: Mugabe Woos Foreign Investors

Zimbabwe president Robert Mugabe is one of Africa’s last old-school dictators. But he’s proving that he may be able to change—for the better. In the decade ending in 2008, Zimbabwe’s economy shrank at an annual rate of 6.1%. Then, in 2009, the country adopted the US dollar. Since then, growth has averaged nearly 8% per year...

 
 
Source
Central bank

Reserve Bank of Zimbabwe

International Reserves

USD 0.4 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Source
Gross Domestic Product - GDP

USD 14.6 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 28.2 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
-3.6% -3.4% -16.6%  7.5% 11.4% 11.9% 10.6%
2013 2014* 2015* 2016* 2017*    
4.5% 2.3% 2.3% -0.3% -2.5%    

*Estimate

GDP per capita - current prices

USD 978.4 (2017, estimate)

GDP per capita - PPP

Intl$ 1,895.8 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
N/A N/A 0.05% 0.02% 0.02%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 12.2% 
  • industry: 28.4% 
  • services: 59.4%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

Inflation
2013 2014 2015* 2016* 2017*
1.6% -0.2% -2.4% -1.6% 4.6%

*Estimate

Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015* 2016* 2017*
54.6% 55.3% 58.9% 58.9% 57.6%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015* 2016* 2017*
-1.9% -1.5% -1.1% -4.9% -3.1%

*Estimate   

Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A

 

Largest companies in Zimbabwe

N/A

 
 
Source
Current account balance

USD -0.9 billion (2017 estimate)

Current account balance by percentage of GDP

-6.1% (2017 estimate)

Exports as percent of GDP(Exports of goods and services)

25.9% (2015)

Shares in world total merchandising export

0.02% (2015)

Shares in world total commercial services export

0.008% (2012)

Total exports

USD 3.3 billion (2016 estimate)

Export commodities

Platinum, cotton, tobacco, gold, ferroalloys, textiles/clothing

Total imports

USD 5.7 billion (2016 estimate)

 
 
Source
Import commodities

Machinery and transport equipment, other manufactures, chemicals, fuels, food products

Exports - major partners

China 27.8%, Democratic Republic of the Congo 14%, Botswana 12.5%, South Africa 7.6% (2015)

Imports - major partners

South Africa 48.1%, China 12.1%, India 5.2%, Zambia 4.6% (2015)

FDI inflows
2013 2014 2015
USD 400 million USD 545 million USD 421 million
FDI outflows
2013 2014 2015
USD 27 million USD 72 million USD 22 million
Value of cross-border M&A;, by country of purchaser
2012 2013 2014 2015
N/A N/A USD 1.2 million N/A
Cross-border M&A; deals worth over $3 billion completed in 2012 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 161 out of 190 countries (2017)

Subcategories:

Starting a business: 183 out of 190 countries

Enforcing Contracts: 165 out of 190 countries

Registering Property: 111 out of 190 countries

Getting Credit: 82 out of 190 countries

Protecting Minority Investors: 102 out of 190 countries

Trading Across Borders: 148 out of 190 countries

Paying Taxes: 164 out of 190 countries

Dealing with Construction Permits: 181 out of 190 countries

Getting Electricity: 165 out of 190 countries

Resolving Insolvency: 145 out of 190 countries

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

126 out of 138 countries

(2016-2017)

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 175 / Score: 38.23 (Repressed) (2016)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+2

Total area

390,757 sq km

Capital

Harare

Currency

Zimbabwean dollars (ZWD)

Government type

parliamentary democracy

Languages

English (official), Shona, Sindebele (the language of the Ndebele, sometimes called Ndebele), numerous but minor tribal dialects

Religions

syncretic (part Christian, part indigenous beliefs) 50%, Christian 25%, indigenous beliefs 24%, Muslim and other 1%

Total population
1990 2000 2010 2014* 2019**
9.786 million 11.693 million 12.34 million 13.261 million 14.006 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
12.6% 22% 34% 33%
Population median age

 20.2 years (2014 est.)

Population growth rate

4.36% (2014 est.)

Life expectancy

55.68 years  (2014 est.)

Adult literacy

83.6% (2011 estimate)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 5
Civil Liberties: 6 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed  2.1%   Mobile  96.3% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

18.50% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Harare 181st (2014)

CO2 emissions(Metric tons of CO2 per capita)

0.7 (2010)

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2013

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