ost 25% of exports. Mining accounts
for only 5% of both GDP and employment, but minerals and metals
account for about 20% of exports. The government is working to
consolidate earlier progress in developing a market-oriented economy.
Although the IMF suspended support for Zimbabwe's economic structural
adjustment program (ESAP) in 1995, due to government failure to meet
key targets, recent talks between the government and the Fund have
held hope for renewed support if Zimbabwe remains committed to
budgetary targets. A key element of the budget is the Zimbabwe Program
for Socio-Economic Transformation (ZIMPREST), the second phase of
ESAP, whose goals include increased commercialization and
privatization of government-owned enterprises and more
"outward-looking" trade and investment policies. The World Bank
resumed balance of payments support to Zimbabwe in early 1998.
Government officials face the difficult task of restraining
expenditures in their effort to keep inflation within bounds.

GDP: purchasing power parity-$24.9 billion (1996 est.)

GDP-real growth rate: 8.1% (1996 est.)

GDP-per capita: purchasing power parity-$2,200 (1996 est.)

GDP-composition by sector:
agriculture: 18.3%
industry: 35.3%
services: 46.4% (1993 est.)

Inflation rate-consumer price index: 21.4% (1996)

Labor force:
total: 4.228 million (1993 est.)
by occupation: agriculture 27%, transport and services 46%, industry
27%

Unemployment rate: at least 45% (1994 est.)

Budget:
revenues: $2.5 billion
expenditures: $2.9 billion, including capital expenditures of $279
million (FY96/97 est.)

Industries: mining (coal, clay, numerous metallic and nonmetallic
ores), copper, steel, nickel, tin, wood products, cement, chemicals,
fertilizer, clothing and footwear, foodstuffs, beverages

Industrial production growth rate: 10% (1994)

Electricity-capacity: 2.148 million kW (1995)

Electricity-production: 7.1 billion kWh (1995)

Electricity-consumption per capita: 792 kWh (1995)

Agriculture-products: corn, cotton, tobacco, wheat, coffee, sugarcane,
peanuts; cattle, sheep, goats, pigs

Exports:
total value: $2.5 billion (f.o.b., 1996 est.)
commodities: agricultural 38% (tobacco 28%), manufactures 34%, gold
12%, textiles 4%, ferrochrome 7% (1996 est.)
partners: South Africa 12%, UK 12%, Germany 6%, Japan 6% (1996 est.)

Imports:
total value: $2.2 billion (f.o.b., 1996 est.)
commodities: machinery and transportation equipment 41%, oth