On Apr 3, 9:23 am, Bob LeChevalier <loj...@[EMAIL PROTECTED]
> wrote:
> Do you have any clue what Zimbabwe is like?
>
> GDP: 2006 $25.36 billion
> 1977 (before independence) $1.5 billion
Zimbabwe:
"the official exchange rate fell from approximately 1 (revalued)
Zimbabwean dollar per US dollar in 2003 to 30,000 per US dollar in
2007"
Life expectancy at birth:
total population: 39.5 years
male: 40.62 years
female: 38.35 years (2007 est.)
HIV/AIDS - adult prevalence rate:
24.6% (2001 est.)
HIV/AIDS - people living with HIV/AIDS:
1.8 million (2001 est.)
HIV/AIDS - deaths:
170,000 (2003 est.)
Economy - overview:
The government of Zimbabwe faces a wide variety of difficult economic
problems as it struggles with an unsustainable fiscal deficit, an
overvalued official exchange rate, hyperinflation, and bare store
shelves. Its 1998-2002 involvement in the war in the Democratic
Republic of the Congo drained hundreds of millions of dollars from the
economy. The government's land reform program, characterized by chaos
and violence, has badly damaged the commercial farming sector, the
traditional source of exports and foreign exchange and the provider of
400,000 jobs, turning Zimbabwe into a net importer of food products.
Badly needed support from the IMF has been suspended because of the
government's arrears on past loans and the government's unwillingness
to enact reforms that would stabilize the economy.
The Reserve Bank of Zimbabwe routinely prints money to fund the budget
deficit, causing the official annual inflation rate to rise from 32%
in 1998, to 133% in 2004, 585% in 2005, passed 1000% in 2006, and
26000% in November 2007. Private sector estimates of inflation in 2007
are well above 100,000%. Meanwhile, the official exchange rate fell
from approximately 1 (revalued) Zimbabwean dollar per US dollar in
2003 to 30,000 per US dollar in 2007.
GDP (purchasing power parity):
$6.186 billion (2007 est.)
GDP (official exchange rate):
$16.17 billion (2007 est.)
GDP - real growth rate:
-6% (2007 est.)
GDP - per capita (PPP):
$500 (2007 est.)
Unemployment rate:
80% (2005 est.)
Population below poverty line:
68% (2004)
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