Capital: Harare
Region: Southern Africa
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Zimbabwe highlighted on the African continent
Zimbabwe’s economy is growing despite continuing political uncertainty. Following a decade of contraction from 1998 to 2008, Zimbabwe’s economy recorded real growth of 6% in 2011. However, the government of Zimbabwe still faces a number of difficult economic problems, including infrastructure and regulatory deficiencies, ongoing indigenization pressure, policy uncertainty, a large external debt burden, and insufficient formal employment. Zimbabwe’s 1998-2002 involvement in the war in the Democratic Republic of the Congo drained hundreds of millions of dollars from the economy. The government’s subsequent land reform program, characterized by chaos and violence, badly damaged the commercial farming sector, the traditional source of exports and foreign exchange and the provider of 400,000 jobs, turning Zimbabwe into a net importer of food products. Until early 2009, the Reserve Bank of Zimbabwe routinely printed money to fund the budget deficit, causing hyperinflation. Dollarization in early 2009 – which allowed currencies such as the Botswana pula, the South Africa rand, and the US dollar to be used locally – ended hyperinflation and restored price stability but exposed structural weaknesses that continue to inhibit broad-based growth.
Source: CIA World Factbook
The service sector dominates Zimbabwe's economy, contributing over half of the GDP, followed by industry and agriculture.
5% (2012)
$500 (2012)
8.3% (2012)
95% (2009 est.)
Trade Balance: $-521.9 million (2012 est.)
Public Debt: 202.7% of GDP (2012 est.)
Data synchronised daily via UN Comtrade API
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Karl Xie Business Development Manager
Zimbabwe has emerged as one of the fastest growing economy and the country’s economy is thriving. The government is striving to maintain this growth and to diversify its business and industrial sectors. This recent development in the economy has gained the attention of many investors and business organizations to expand their business in the marketplaces of Bhutan.
The traditional business world has experienced a huge collapse in its strategies and methods. This traditional business world was modernized a few decades ago. Since then business activities and strategies have become a lot easier and simpler. The B2B platforms have solved the problem of going from broker to broker in search of better business contracts and deals. These B2B portals have not only solved the daily business problems but also provides you with modern and improved solutions for your every business difficulty.
If you are seeking for opportunities to grow your business and to improve your business venture, then WorldBizSync is the digital platform that would provide you with multitudes of opportunities to develop your business and chances to expand your business in international and domestic markets.
WorldBizSync Zimbabwe is a digital and business to business portal having features and services to assist you in making your place in international market and to gain recognition in different marketplaces. WorldBizSync has gained trust and association of a lot of business organizations, corporations and enterprises by allowing them to maintain and create business relationship with each other. This portal enables the businesses to make transactions and exchanges in a secured way with qualified and competent business dealers, buyers, sellers, importers, exporters, wholesalers and retailers.
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