lyrics/music: Solomon MUTSWAIRO/Fred Lecture CHANGUNDEGA
note: adopted 1994
Economy ::Zimbabwe
Economy - overview:
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.
GDP (purchasing power parity):
$4.395 billion (2010 est.) country comparison to the world: 165 $4.223 billion (2009 est.)
$4.279 billion (2008 est.)
note: data are in 2010 US dollars
GDP (official exchange rate):