Economy Zimbabwe
Economy - overview: The government of Zimbabwe faces a wide variety of difficult economic problems as it struggles to consolidate earlier moves to develop a market-oriented economy. Its involvement in the war in the Democratic Republic of the Congo, for example, has already drained hundreds of millions of dollars from the economy. Badly needed support from the IMF has been suspended because of the country's failure to meet budgetary goals. Inflation rose from an annual rate of 32% in 1998 to 59% in 1999, to 60% in 2000, and to 100% by yearend 2001. The economy is being steadily weakened by excessive government deficits, AIDS, and rampant inflation. The government's land reform program, characterized by chaos and violence, has derailed the commercial sector, the traditional source of exports and foreign exchange and the provider of 400,000 jobs. Distribution of income is extremely unequal.
GDP: purchasing power parity - $28 billion (2001 est.)
GDP - real growth rate: -6.5% (2001 est.)
GDP - per capita: purchasing power parity - $2,450 (2001 est.)
GDP - composition by sector: agriculture: 11% industry: 14% services: 75% (2000 est.)
Population below poverty line: 60% (1999 est.)
Household income or consumption by percentage share: lowest 10%: 1.8% highest 10%: 46.9% (1990)
Distribution of family income - Gini index: 56.8 (1990-91)
Inflation rate (consumer prices): 100% (2001)