Zimbabwe

Zimbabwe country profile

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Short name Zimbabwe
Official  name Republic of Zimbabwe
Location South Africa
Capital Harare
Population 13 million inhabitants
Area 390,759 sq km (150,873 sq miles)
Languages English (official), Shona, Sindebele
Religions Christianity, indigenous beliefs

 

Zimbabwe, formerly Rhodesia, is a landlocked country in southern Africa. It borders South Africa, Botswana, Zambia, and Mozambique. English, Shona, and Ndebele are among the country’s most spoken national languages.

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Zimbabwe is the 129th largest export economy in the world and the 88th most complex economy according to the Economic Complexity Index (ECI). In 2014, Zimbabwe exported $2.85B and imported $6.25B, resulting in a negative trade balance of $3.4B. In 2014 the GDP of Zimbabwe was $14.2B and its GDP per capita was $1.79k.

The top export destinations of Zimbabwe are South Africa ($819M), Mozambique ($532M), China ($268M), Belgium-Luxembourg ($133M) and Italy ($107M). The top import origins are South Africa ($2.83B), Singapore ($1.08B), China ($411M), the United Kingdom ($193M) and Zambia ($191M).

Zimbabwe borders Botswana, Mozambique, South Africa and Zambia.

Exports

The top exports of Zimbabwe are Gold ($533M), Ferroalloys ($500M), Raw Tobacco ($405M), Raw Sugar ($293M) and Diamonds ($245M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($1.37B), Cars ($191M), Packaged Medicaments ($189M), Delivery Trucks ($183M) and Nitrogenous Fertilizers ($142M).

 

In 2014 Zimbabwe exported $2.85B, making it the 129th largest exporter in the world. During the last five years the exports of Zimbabwe have increased at an annualized rate of 2.6%, from $2.5B in 2009 to $2.85B in 2014. The most recent exports are led by Gold which represents 18.7% of the total exports of Zimbabwe, followed by Ferroalloys, which account for 17.5%.

Imports

In 2014 Zimbabwe imported $6.25B, making it the 122nd largest importer in the world. During the last five years the imports of Zimbabwe have increased at an annualized rate of 13.2%, from $3.37B in 2009 to $6.25B in 2014. The most recent imports are Refined Petroleum ($1.37B), Cars ($191M), Packaged Medicaments ($189M), Delivery Trucks ($183M) and Nitrogenous Fertilizers ($142M).

 

Destinations

The top export destinations of Zimbabwe are South Africa ($819M), Mozambique ($532M), China ($268M), Belgium-Luxembourg ($133M) and Italy ($107M).

Origins

The top import origins of Zimbabwe are South Africa ($2.83B), Singapore ($1.08B), China ($411M), the United Kingdom ($193M) and Zambia ($191M).

Finance and Investment

Crop production has fallen in recent years. Major foreign currency earners are minerals, agriculture, and tourism Mining is still lucrative and the country has one of the world’s largest platinum reserves. There are also large diamond fields. Corruption has largely dissipated these revenues.

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