Source: world bank Nominal/PPP
Summary:
Zimbabwe GDP Per Capita expanded from 1960 to 2024, increasing from $1.05 to $41.54 .The compound annual growth rate (CAGR) averaged 5.91% over the period. The economy recorded its peak level in 2017 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 49.72%, 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 (1961–1964) indicating steady moderate growth
- High Growth (1967–1975) indicating robust economic expansion
- High Growth (1979–1982) indicating robust economic expansion
- Crisis (1984–1985) indicating severe economic downturn
- High Growth (1986–1990) indicating robust economic expansion
- Expansion (1994–1995) indicating steady moderate growth
- Contraction (2002–2003) indicating temporary slowdown
- 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 148.237%, while the largest decline was in 2018 at -33.102%.