FACTBOX: Zimbabwe's meltdown in figures

Wed Dec 3, 2008 6:21am EST
 
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(Reuters) - Below are some details of Zimbabwe's decline in figures:

* INFLATION

Inflation reached 231 million percent a year in July, the latest month for which a figure has been announced. Economists think it is now much higher and say prices are doubling daily.

* GDP

Gross domestic product has fallen every year since 2000, down 10.4 percent in 2003 alone. The IMF estimated that the economy shrank 6.1 percent in 2007.

Per capita GDP was estimated at $200 in 2007, from nearer $900 in 1990. Zimbabwe has the world's fastest shrinking economy for a country not at war, according to the World Bank.

* INCOME

An estimated 83 percent of the population was living on below $2 a day by 2005. Since then, the situation has only worsened.

* EXPORTS

Exports averaged 33.5 percent of GDP between 1997 and 2001. UBS forecast this would decline to 9.9 percent in 2007.

* AGRICULTURE

Once the breadbasket of southern Africa, Zimbabwe now needs to import maize. The U.N. agricultural production index for Zimbabwe fell from nearly 107 in 2000 to just over 74 in 2005.

Official figures show maize production at 800,000 tonnes last season against national demand of 2 million tonnes.

* GOLD

Gold output, which accounts for a third of export earnings, hit a low of 125 kg in October, from a peak of 2,400 kg, as the economic crisis forced mines to close.

* UNEMPLOYMENT  Continued...

 

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