Exchange rate distortions cause GDP rise to US$45,7bn

GOVERNMENT’s recent rebasing of the economy has pushed Zimbabwe’s gross domestic product (GDP) valuation to US$45,7 billion and gross national income (GNI) above US$3 000 — despite ongoing exchange rate distortions.

In June, the Zimbabwe National Statistics Agency (ZimStat) released its 2023 and 2024 GDP report wherein it highlighted figures showing a growing gap between nominal growth on paper and the actual performance of the economy.

This is seen in the fact that despite Zimbabwe’s economy growing by 1,7% last year, the GDP based on market prices grew by nearly 3% to US$45,71 billion in 2024, from the prior year.

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