Introduction
People who are interested to experience more about Zimbabwe information, should know that Zimbabwe is the world's 154th freest economy with GDP - real growth rate by -4.4% (2006 est.), where 27% of overall labor force are engaged in agricultural sector. The economy of Zimbabwe is mostly dependent on minerals, metals, agriculture and mining industries.Zimbabwe industries and economy:
Zimbabwe information also reveals that the economy of Zimbabwe is primarily dependent on the minerals, metals, mining and agriculture. The agricultural sector contributed 38% (tobacco 28%), manufactures contributed 34%, gold 12%, textiles 4%, and ferrochrome contributed 7% of the total industrial production of Zimbabwe in the year 1996. In 1996, the total value of import was $2.2 billion. Industries in Zimbabwe are mostly dependent on transportation equipments 41%, manufactures 24%, chemicals 13%, and fuels 10% (1996). Some of the major industrial products in Zimbabwe are iron and steel, foodstuffs, machinery, cement, textiles, and consumer goods.|
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Agriculture:
Major agricultural products are corn, cotton, tobacco, wheat, sugarcane, peanuts, coffee, soybeans, tea etc. Among them, corn is the chief food source. Twenty seven percent of the total work force are engaged in agricultural sector employs. Agriculture contributes 25% of total export, which was $2.5 billion (1996 est).Minerals and mining:
Zimbabwe is endowed with an array of mineral resources like platinum, gold, diamond, nickel, asbestos, tin, chromite, copper, vanadium, lithium, tin, and coal.Energy:
Zimbabwe's energy sector is mostly dependent on hydroelectric power, thermal power and is less dependent on energy sources from oil and petroleum products. Only about 15% of Zimbabwe's total energy consumption is dependent on oil. Zimbabwe imports more or less 1.2 billion liters of oil per year. Electricity production was 8.839 billion kWh (2002) and electricity consumption was 11.22 billion kWh (2002). Oil consumption was 23,000 bbl/day (2001 est.).Currency:
The currency of Zimbabwe is Zimbabwean dollar(ZWD), which is also denoted by Z$, i.Currency exchange rates of Zimbabwean dollar per US dollar: 4,303.28 (2004), 697.424 (2003), 55.036 (2002), 55.052 (2001), 44.418 (2000).
