Source: world bank Nominal/PPP
Summary:
Zimbabwe GDP Per Capita expanded from 1960 to 2024, increasing from $276.56 to $2,497.20 .The compound annual growth rate (CAGR) averaged 3.5% over the period. The economy recorded its peak level in 2017 and its lowest level in 1962. Growth volatility remained high. The maximum drawdown reached 68.89%, indicating the largest cyclical decline from peak levels. The country experienced 11 recession episode(s) during the observed period.
Zimbabwe Economic Phases (1960 - 2024)
From 1960 to 2024, Zimbabwe economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Expansion (1963–1965) indicating steady moderate growth
- High Growth (1971–1975) indicating robust economic expansion
- Contraction (1976–1978) indicating temporary slowdown
- High Growth (1979–1981) indicating robust economic expansion
- Crisis (1983–1985) indicating severe economic downturn
- Expansion (1989–1990) indicating steady moderate growth
- Expansion (1994–1995) indicating steady moderate growth
- Contraction (2005–2007) indicating temporary slowdown
- High Growth (2009–2013) indicating robust economic expansion
- Expansion (2014–2016) indicating steady moderate growth
- Contraction (2019–2020) indicating temporary slowdown
- High Growth (2024–2024) indicating robust economic expansion
The most remarkable growth occurred in 2017 with an increase of 144.681%, while the largest decline was in 2018 at -34.09%.