Zim's GDP surges to ZW$1,2 trillion; up from $187,4 billion – ZIMSTAT
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- 18 Mar 2022
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Zimbabwe’s Gross Domestic Product figure has surged to ZWL$1,157 trillion amid corresponding growth in the country’s provincial economies worth, the Zimbabwe National Statistics Agency (ZIMSTAT) revealed this week.
Officially opening an event to launch the country’s provincial GDP figures, ZIMSTAT director general Taguma Mahonde said the latest figures are part of efforts to complement the government’s ongoing devolution exercise.
“Data shows that the top five provinces such as Harare had the highest GDP of ZWL$294,2 billion, followed by Bulawayo at ZWL$155,6 billion, Mashonaland West ZWL$133 billion, Midlands ZWL$133 billion and Manicaland at ZWL$103 billion.
“The rest of the provinces have a GDP of less than ZWL$100 billion to give us a total national GDP of ZWL$1,157 trillion as at December 31 2020,” he said.
“The rest of the provinces have a GDP of less than ZWL$100 billion to give us a total national GDP of ZWL$1,157 trillion as at December 31 2020,” he said.
“The stats are truly reflecting the extent of inequalities existing between the provinces as well as industrialisation gaps.
“Using the findings, policy makers must take note of the existing opportunities in the provinces and set up value-added industries in order to stop the current trend where raw materials continue to leave the provinces and in the process impoverishing the locals by transferring their job opportunities,” he said.
ZIMSTAT’s figures show that the figure has risen from $187,4 billion recorded in 2019 with experts partly attributing the increase to inflationary pressures. Read More…
