Zimbabwe

Write a brief summary of the economic

system of the country: Identify and explain
the type of economic system.

Select three key economic indicators such as

poverty rates, labor distribution, use of
resources, etc. and analyze what this
information says about the country, how does
it compare to other countries, change over
time, etc.

Zimbabwe has a mixed economy. Zimbabwe

has an unemployment rate of 5.4% and is one
of the poorest countries in Africa. The
economy is based mainly on agriculture and
mining. Private ownership is strictly regulated
by the government
Zimbabwe has an unemployment rate of
5.4%, which is significantly lower than 10.7%
in 2012 and 11.3% in 2014.
Poverty rates in Zimbabwe are currently 72%.
The poverty rate of Africa is currently 48.5%.
Zimbabwe has a significantly higher poverty
rate than the rest of the continent.

Government spending is equal to 29.7% of

the annual GDP
Identify the GDP - per capita for the country.

$2,046 per year per capita

Zimbabwe produces primarily tobacco, sugar, diamonds, gold, and ferroalloys (iron used to
produce steel).
These goods are produced through agriculture and mining.
The goods are exported.
The users of these goods include the people of South Africa, Belgium-Luxembourg,
Mozambique, Italy, and China.