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Tobacco is Zimbabwe's leading agricultural export and one of its main sources of foreign exchange. Tobacco farming accounted for 11% of Zimbabwe's GDP in 2017, and 3 million of its 16 million people relied on tobacco for their livelihood. [6] The main export market is China, which purchased 54% of Zimbabwe's tobacco exports in 2015. [7]
The economy of Zimbabwe is a gold standard based economy. Zimbabwe has a $44 billion dollar informal economy in PPP terms which translates to 64.1% of the total economy. [22] Agriculture and mining largely contribute to exports. The economy is estimated to be at $73 billion at the end of 2023. [23] The country has reserves of metallurgical ...
Source: World Development Indicators: Contribution of natural resources to gross domestic product (2011, source is unavailable) Total natural resources rents (% of GDP) by country, 2013 Oil rents (% of GDP) by country, 2013
Zimbabwe's economy has shrunk since 2000, in an atmosphere of political turmoil, capital flight, corruption and mismanagement. Inflation has spiralled out of control (peaking at 500 billion % in 2009) and the underpinnings of the economy in agriculture and industry have been dissipated.
The cash crop is a major part of Zimbabwe's economy. In 2017, tobacco accounted for 11% of the country's GDP, and 3 million of the country's 16 million people depended on tobacco farming for their livelihood. [2] The main export market is China, which purchased 54% of Zimbabwe's exports in 2015. [3]
This was a vital contribution to the economy, which was still underpinned by its agricultural exports. [ 25 ] Land reform emerged as a critical issue during the Lancaster House Talks to end the Rhodesian Bush War.
Contributions; Talk; Category: Economy of Zimbabwe. 37 languages. Afrikaans; ... Pages in category "Economy of Zimbabwe" The following 24 pages are in this category ...
In 2016, the total contribution of tourism to Zimbabwe was $1.1 billion (USD), or about 8.1% of Zimbabwe's GDP. Employment in travel and tourism, as well as the industries indirectly supported by travel and tourism, was 5.2% of national employment. [221] Several airlines pulled out of Zimbabwe between 2000 and 2007.