ZIMBABWE’S trade as a share of GDP slumped during years of political turmoil and uncertainty, worsening the economic crisis, historical data processed by IOW Data has revealed.
Trade as a share of GDP is the sum of exports and imports of goods and services measured as a share of gross domestic product.
Historical data have shown that trade severely slumped in 2008 and 2017, periods which were marked by political uncertainty in the country.
In 2008, Zimbabwe’s trade was pegged at 109.5%, which sharply declined to 61.8% in 2009, a percentage change of -47.74%. This was a time when the country was recovering from the disputed 2008 general elections.
In 2016, trade fell from 51.2% of GDP to 17.2%, a percentage change of -33.9%. This was also a period of uncertainty over the ruling Zanu PF’s succession during the late President Robert Mugabe’s era.
ZIMBABWE’S trade as a share of GDP slumped during years of political turmoil and uncertainty, worsening the economic crisis, historical data processed by IOW Data has revealed.
Trade as a share of GDP is the sum of exports and imports of goods and services measured as a share of gross domestic product.
Historical data have shown that trade severely slumped in 2008 and 2017, periods which were marked by political uncertainty in the country.
In 2008, Zimbabwe’s trade was pegged at 109.5%, which sharply declined to 61.8% in 2009, a percentage change of -47.74%. This was a time when the country was recovering from the disputed 2008 general elections.
In 2016, trade fell from 51.2% of GDP to 17.2%, a percentage change of -33.9%. This was also a period of uncertainty over the ruling Zanu PF’s succession during the late President Robert Mugabe’s era.