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 Zimbabwe's meltdown, by the numbers
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Nickelless
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Posted - 02/14/2009 :  02:10:08  Show Profile Send Nickelless a Private Message
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(Reuters) - Zimbabwe's opposition leader Morgan Tsvangirai was sworn in as prime minister on Wednesday in a deal with old rival President Robert Mugabe.

Below are some details of Zimbabwe's decline in figures:

* INFLATION

-- Inflation rate is officially put at 231 million percent, the highest in the world. Economists think it is much higher and say prices are doubling daily. Earlier this month the central bank revalued its dollar again, lopping another 12 zeros off the currency to try to the tame hyperinflation.

* GDP

-- Gross domestic product has fallen every year since 2000, down 10.4 percent in 2003 alone. The IMF estimated the economy shrank 6.1 percent in 2007.

-- The then acting Finance Minister Patrick Chinamasa in January projected GDP at $5.5 billion (3.8 billion pounds) for 2009. The country's GDP was $6.186 billion in 2007, according to the World Bank. Data for 2008 is not available.

-- Per capita GDP was estimated at $200 in 2007, from near $900 in 1990. Zimbabwe has the world's fastest shrinking economy for a country not at war, according to the World Bank.

* INCOME

-- An estimated 83 percent of the population was living on below $2 a day by 2005. Since then, the situation has only worsened.

* EXPORTS

-- Exports averaged 33.5 percent of GDP between 1997 and 2001. UBS forecast this would decline to 9.9 percent in 2007.

* AGRICULTURE

-- Once the breadbasket of southern Africa, Zimbabwe now needs to import maize. The U.N. agricultural production index for Zimbabwe fell from nearly 107 in 2000 to just over 74 in 2005.

-- Official figures show maize production at 800,000 tonnes last season against national demand of 2 million tonnes.

* GOLD

Gold output, which accounts for a third of export earnings, fell to a record low of 3,072 kg last year from 6,798 kg in 2007, mainly due to rising production costs, frequent power cuts and equipment shortage.

* UNEMPLOYMENT

-- The United Nations said in January unemployment was 94 percent. Well over 3 million Zimbabweans are thought to have fled, mostly to South Africa, in search of work and food.

* AID

-- Aid agencies say 5 million people -- almost half the population -- might need food aid by early 2009.

* IMF ARREARS

-- Zimbabwe fell into arrears with the International Monetary Fund in 2001. In February 2008, it owed $88 million, of which nearly $80 million has been in arrears for three years or more. While Zimbabwe has averted expulsion, the IMF has suspended financial and technical assistance.

* LIFE EXPECTANCY

-- Average life expectancy fell from 63 years in 1990 to 40.9 years in 2005, according to U.N. figures.

-- The mortality rate for children under five rose to 132 deaths per 1,000 in 2005 from 76 deaths in 1990.

* CHOLERA

-- The cholera epidemic has killed 3,467 people since August. U.N. figures show more than 70,000 people have contracted the disease.

* HIV/AIDS

-- In 2007, HIV prevalence was 15.6 percent among adults aged 15 to 49 -- the fourth highest in the world. It causes the death of about 3,200 people per week in the country of 13.3 million.

-- HIV prevalence among pregnant women at clinics actually fell from 26 percent in 2002 to 18 in 2006, but some put that down to high mortality and emigration rather than prevention measures.

* ANTHRAX

-- Save the Children said in December that an anthrax outbreak in the south west had killed three people and could wipe out at least 60,000 livestock.

Sources: UBS, Reuters, WFP, World Bank, Unicef, UNDP, IMF, CIA World Factbook.


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