Zimbabwe projects per capita income to exceed 3,000 USD in 2025 amid economic growth
Addressing a post-Cabinet media briefing in the Zimbabwean capital of Harare, Minister of Information, Publicity and Broadcasting Services Jenfan Muswere said the continued improvement in macroeconomic indicators puts Zimbabwe firmly on the path to achieving its goal of becoming an upper-middle-income economy by 2030.
Figures released by the Zimbabwe National Statistics Agency in June show that the southern African country's gross domestic product (GDP) increased to 45.7 billion U.S. dollars in 2024, up from 44.4 billion dollars in 2023.
"Zimbabwe is therefore evidently making progress toward an upper-middle-income status," Muswere said.
Zimbabwe experienced an economic slowdown last year due to an El Nino-induced drought, which severely affected crop production. According to the government, the country's economy is expected to grow by 6 percent this year, driven by an anticipated recovery in agriculture and strong growth in industry and services.
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