rrears on past loans and
the government's unwillingness to enact reforms that would stabilize
the economy. The Reserve Bank of Zimbabwe routinely prints money to
fund the budget deficit, causing the official annual inflation rate
to rise from 32% in 1998, to 133% in 2004, 585% in 2005, passed
1000% in 2006, and 26000% in November 2007. Private sector estimates
of inflation in 2007 are well above 100,000%. Meanwhile, the
official exchange rate fell from approximately 1 (revalued)
Zimbabwean dollar per US dollar in 2003 to 30,000 per US dollar in
2007.

GDP (purchasing power parity):

$2.342 billion (2007 est.)

GDP (official exchange rate):

$641 million
note: hyperinflation and the plunging value of the Zimbabwean dollar
makes Zimbabwe's GDP at the official exchange rate a highly
inaccurate statistic (2007 est.)

GDP - real growth rate:

-5.5% (2007 est.)

GDP - per capita (PPP):

$200 (2007 est.)

GDP - composition by sector:

agriculture: 18.1%
industry: 22.6%
services: 59.3% (2007 est.)

Labor force:

4.032 million (2007 est.)

Labor force - by occupation:

agriculture: 66%
industry: 10%
services: 24% (1996)

Unemployment rate:

80% (2005 est.)

Population below poverty line:

68% (2004)

Household income or consumption by percentage share:

lowest 10%: 2%
highest 10%: 40.4% (1995)

Distribution of family income - Gini index:

50.1 (2006)

Investment (gross fixed):

16.7% of GDP (2007 est.)

Budget:

revenues: $2.442 billion
expenditures: $3.017 billion (2007 est.)

Fiscal year:

calendar year

Public debt:

218.2% of GDP (2007 est.)

Inflation rate (consumer prices):

12,563% official data; private sector estimates are much higher
(2007 est.)

Central bank discount rate:

975% (31 December 2007)

Commercial bank prime lending rate:

578.96% (31 December 2007)

Stock of money:

$14.18 billion
note: This number reflects the vastly overvalued official exchange
rate of 30,000 Zimbabwe dollars per US dollar. At an unofficial rate
of 800,000 Zimbabwe dollars per US dollar, the stock of Zimbabwe
dollars would equal only about US$500 million and Zimbabwe's
velocity of money (the number of times money turns over in the
course of a year) would be nine, in line with the velocity of money
for other countries in the region. (31 December 2007)

Stock of quasi money:

$5.349 billion (31 December 2007)

Stock of domestic