Zimbabwe's GDP in 2023 showed significant contributions from various sectors. The services sector led with a 39.1% share, followed by mining, manufacturing, and utilities at 21.42%. Wholesale and retail trade, including restaurants and hotels, contributed 14.51%, while agriculture, hunting, forestry, and fishing made up 11.23%. Transport, storage, and communication accounted for 10.84%, and construction added 2.89%. Year-on-year variations indicate stable growth in services and mining, while agriculture experienced slight fluctuations. The five-year CAGR reveals steady trends in other sectors with robust growth in utilities and services.
Future trends to watch in Zimbabwe's GDP composition include:
- Continued growth in the services sector, driven by digital transformation and increased consumer demand.
- Potential expansion in mining, supported by new investments and favorable commodity prices.
- Vulnerabilities in agriculture due to climate change impacts necessitating strategic planning and investment.
- Advancements in transport and communication, possibly spurred by infrastructure projects and technological integration.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 39.1 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 21.42 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 14.51 | 2016 | |
| 4 | 4 Agriculture, hunting, forestry, fishing | 11.23 | 2016 | |
| 5 | 5 Transport, storage and communication | 10.84 | 2016 | |
| 6 | 6 Construction | 2.89 | 2016 |
