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Zimbabwe Ranks Fifth in Southern Africa After Major GDP Revision

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Zimbabwe has become the fifth-largest economy in Southern Africa following a significant revision of its Gross Domestic Product (GDP), which now includes previously unaccounted-for economic activity—especially from informal businesses and new enterprises that emerged after 2019.

The latest rebasing, conducted by the Zimbabwe National Statistics Agency (Zimstat) through the 2023 Economic Census, adjusted the country’s GDP from ZiG133.7 trillion (approximately US$35.2 billion) to ZiG168.5 trillion, now valued at US$44.4 billion. This reflects a broader measurement of economic activity, particularly in informal sectors and among newer businesses that were not captured in the previous GDP calculations based on 2019 data.

The updated GDP figure highlights hidden growth in Zimbabwe’s economy and demonstrates renewed momentum toward recovery and development.

Rebasing GDP involves recalculating the value of goods and services using a more current economic structure, incorporating sectors that had previously been overlooked. With the revised numbers, Zimbabwe now trails only South Africa (US$400 billion), Angola (US$115 billion), Tanzania (US$80 billion), and the Democratic Republic of Congo (US$71 billion), based on IMF projections for 2024. The Southern African Development Community (SADC) has 16 member countries in total.

During a post-Cabinet press briefing on Tuesday, Finance and Economic Development Minister Professor Mthuli Ncube explained that the updated GDP reflects portions of the economy that had been growing but were not formally recorded.

“There’s a segment of our economy that has been operating outside the formal accounting systems. This revision begins to include that activity,” Ncube said. “Still, due to the high level of informality, some areas remain uncaptured, and we’ll continue improving our data collection methods.”

GDP serves as the key indicator of a nation’s economic performance, measuring the total output of goods and services over a given period. For ordinary citizens, a growing GDP can signify increased job prospects, better public services, and stronger infrastructure investment.

While the revised GDP won’t change the government’s current spending plans, it offers greater fiscal flexibility. Minister Ncube noted that the government would focus on broadening the tax base and improving revenue collection to match the economy’s expanded size.

“Our expenditure plans remain unchanged,” he said. “However, we now have an opportunity to enhance our tax revenues based on the newly captured GDP.”

He also clarified that Zimbabwe is not struggling with debt sustainability, but rather with liquidity—a situation that could improve as the formal economy grows.

“Zimbabwe doesn’t have a debt crisis per se, but liquidity remains a challenge,” Ncube stated. “This expanded GDP gives us greater capacity to manage our external debt obligations.”

To capitalize on the rebasing, the government is ramping up efforts to formalize informal businesses and increase digitalization across sectors to bring more players into the tax system.

“We are improving our ability to withstand economic shocks,” Ncube said. “Digital platforms will help us integrate more economic participants into formal systems.”

The Minister also acknowledged economic inequality and emphasized the government’s approach through progressive taxation and social safety nets.

“Inequality is a persistent challenge,” he admitted. “We aim to address it through a tax system that places more responsibility on the wealthier population, along with targeted social welfare programs to uplift vulnerable groups.”

With the revised data, Zimbabwe’s Gross National Income (GNI) per capita increased from US$2,259 to US$2,859 in 2023, with projections indicating it could surpass US$3,000 by 2025—a sign of rising national income and productivity.

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Muduvuri Salutes Zimbabwe’s Heroes and Defence Forces

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Founder Jimayi Muduvuri has proudly joined His Excellency President E.D. Mnangagwa and the nation in paying tribute to Zimbabwe’s heroes and the brave men and women of the defence forces.

Muduvuri commended their unwavering patriotism, courage, and selfless service in safeguarding the country’s sovereignty and peace. He emphasised that the sacrifices made by Zimbabwe’s heroes both past and present remain the cornerstone of the nation’s independence and stability.

“Our heroes and dedicated defence forces embody the true spirit of Zimbabwe. Their commitment ensures that our nation continues to thrive in unity, peace, and progress,” Muduvuri said.

His remarks come as the country marks this special occasion by honouring those who defended Zimbabwe’s freedom and continue to protect its people.

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Ministry Launches Best Extension Worker Award to Boost Agricultural Excellence

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The Ministry of Lands, Agriculture, Water, Fisheries, and Rural Development has introduced the Best Extension Worker Award, a programme created to inspire agricultural extension officers to excel in their duties as Zimbabwe advances towards national food security.

The award, unveiled in Banket this Friday, will honour and reward dedicated agricultural business advisors formerly called extension officers who play a pivotal role in assisting farmers and driving rural productivity.

The initiative has received an enthusiastic response from beneficiaries.

“This award pushes us, as the frontline workforce, to go beyond our limits. It will sharpen our skills and encourage healthy competition among us. Ultimately, the farmers stand to gain the most,” said Makonde Ward 5 Extension Worker, Mr. Mushambi Tigere.

Mhondoro Ngezi Ward 5 Extension Worker, Mrs. Nyasha Gonde, echoed the sentiment, expressing appreciation for government support:
“We no longer face mobility challenges thanks to the motorbikes provided, and communication has improved with the tablets we were given. We also get timely updates on current trends and attend regular, high-impact capacity-building workshops.”

Government officials emphasise that empowered extension officers are essential to achieving food self-sufficiency.

“This award is about encouraging excellence and accountability in our extension services. These officers link research to the farmer, and their performance directly influences output. With the tools and resources provided, we expect them to deliver more. Our ultimate goal is to guarantee food security by boosting yields per hectare—and that depends on farmers getting timely, relevant support,” explained Professor Obert Jiri, the Ministry’s Permanent Secretary.

Mashonaland West Provincial Director, Mrs. Medlinah Magwenzi, highlighted the transformation in service delivery:
“Motivated officers make our work easier. With motorbikes, tablets, and solar kits, they can now gather data in real time, track crop growth more accurately, and respond quickly to farmers’ needs. This digital shift also supports evidence-based decisions at a national level, ensuring efficiency, higher productivity, and that no farmer is overlooked.”

Masvingo Provincial Director, Mr. Caleb Mahoya, pointed to his province’s agricultural potential:
“Masvingo controls about 52% of Zimbabwe’s water bodies, giving us huge production capacity. Before this programme, our officers struggled to reach many farmers due to transport and equipment shortages. Now, with the new resources, they can cover more ground, give real-time technical guidance, and submit instant reports. This has significantly boosted farmer engagement and the uptake of recommended practices.”

With increased motivation and better tools, agricultural extension officers are now better placed to help farmers propel Zimbabwe towards its goal of food self-sufficiency.

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Tagwirei Officially Co-Opted Into ZANU PF Central Committee

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ZANU PF has officially acknowledged the inclusion of prominent businessman and party financier Kudakwashe Tagwirei into its Central Committee.

Tagwirei, whose previous appearance at a Central Committee meeting sparked national attention, has now formally joined one of the ruling party’s most influential decision-making bodies.

According to the party’s Secretary for Legal Affairs, Patrick Chinamasa, Tagwirei was nominated by the Harare province and will serve alongside Polite Kambamura (Mashonaland West), Joseph Serima, Christine Gwati, and Collen Ndebele—all recommended by the Matabeleland North province.

These appointments were ratified during the party’s 385th Ordinary Session of the Politburo earlier this week, following a vote by the Harare Provincial Coordinating Committee in Tagwirei’s case.

“The Politburo has approved the co-options from Mashonaland West, Matabeleland North, and Harare, and these will be officially adopted by the Central Committee at its upcoming session,” Chinamasa stated. “Tagwirei, who was nominated by Harare Province, is now officially part of the Central Committee.”

Unlike his previous controversial attempt to join the body—when he had to be escorted out—this time, Chinamasa confirmed that all proper procedures were followed, and those co-opted are expected to participate in the next meeting.

Internal rivalries within ZANU PF were previously cited as the main reason for resistance to Tagwirei’s inclusion in the powerful committee.

Having recently transitioned into active politics, Tagwirei is rumored to be positioning himself for a future presidential bid. Unconfirmed reports suggest he is currently seen as a leading contender to succeed President Emmerson Mnangagwa.

His political ambitions have reportedly caused tension within the party, particularly with spokesperson Christopher Mutsvangwa, who also sees himself as a frontrunner for the presidency—potentially even ahead of Vice President Constantino Chiwenga, once considered the top contender.

ALSO READ : Minister Ndlovu Opens Strategic Plan Review Workshop, Urges Bold Industrial Reforms

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