Flag: seven equal horizontal bands of green, yellow, red, black, red, yellow, and green with a white equilateral triangle edged in black based on the hoist side; a yellow Zimbabwe bird is superimposed on a red five-pointed star in the center of the triangle
@Zimbabwe:Economy
Overview: Agriculture employs three-fourths of the labor force and supplies almost 40% of exports. The manufacturing sector, based on agriculture and mining, produces a variety of goods and contributes 35% to GDP. Mining accounts for only 5% of both GDP and employment, but minerals and metals account for about 40% of exports. Severe drought caused GDP to drop 8% in 1992, with growth rebounding to 2% in 1993 and 3.5% in 1994. Despite the lingering effects of the drought on economic and social conditions, the government is continuing to push its IMF/World Bank structural adjustment program aimed at encouraging exports and foreign investment.
National product: GDP - purchasing power parity - $17.4 billion (1994 est.)
National product real growth rate: 3.5% (1994 est.)
National product per capita: $1,580 (1994 est.)
Inflation rate (consumer prices): 22% (December 1994 est.)
Unemployment rate: at least 45% (1994 est.)
Budget:
revenues: $1.7 billion
expenditures: $2.2 billion, including capital expenditures of $253
million (FY92/93)
Exports: $1.8 billion (f.o.b., 1994 est.) commodities: agricultural 35% (tobacco 30%, other 5%), manufactures 25%, gold 12%, ferrochrome 10%, textiles 8% (1992) partners: UK 14%, Germany 11%, South Africa 10%, Japan 7%, US 5% (1991)