Zimbabwe has the best performing economy in the Southern African region this year beating regional giants South Africa and oil-rich Angola by far.
Its growth is estimated at 6% tallying with that of Tanzania which has been one of the fastest growing economies in Africa.
The Ministry of Finance projects Zimbabwe’s growth for this year to be 6.6%.
Closely behind Zimbabwe and Tanzania is Zambia with 5.8%, the Democratic Republic of Congo with 5.3%, followed by Eswatini at 4.3%, and Mauritius at 4%.
Seychelles is at 3.9%, Comoros at 3.8% together with Madagascar,followed by Namibia at 3.6%, Mozambique at 2.5%, Malawi at 2.4% and Angola at 2.1%.
South Africa lags way behind at 1.1% just below Lesotho with 1.4% while Botswana which has been considered one of the most stable economies on the continent for decades is expected to have a negative growth of -0.9%.
Zimbabwe’s growth is remarkable as the country does not have access to any concessional financing from institutions like the International Monetary Fund or the World Bank and other international financiers .
At home, however, this growth does not currently mean much to citizens as the country continues to have one of the highest inflation rates in the world.
Zimbabwe inflation was pegged at 82.7% in September but is expected to drop to between 20 and 30 % by the end of this year.
| Country | Growth % |
| Zimbabwe | 6 |
| Tanzania | 6 |
| Zambia | 5.8 |
| Democratic Republic of Congo | 5.3 |
| Eswatini | 4.3 |
| Mauritius | 4 |
| Seychelles | 3.9 |
| Comoros | 3.8 |
| Madagascar | 3.8 |
| Namibia | 3.6 |
| Mozambique | 2.5 |
| Malawi | 2.4 |
| Angola | 2.1 |
| Lesotho | 1.4 |
| South Africa | 1.1 |
| Bostwana | -0.9 |
(119 VIEWS)
