What is the average income of Zimbabwe?

Living Wage Individual in Zimbabwe is expected to reach 305.00 USD/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Zimbabwe Living Wage Individual is projected to trend around 305.00 USD/Month in 2021, according to our econometric models.

Is Zimbabwe poor or rich?

Economy of Zimbabwe

Statistics
GDP per capita rank 166th (nominal, 2019) 160th (PPP, 2019)
GDP by sector agriculture: 12% industry: 22.2% services: 65.8% (2017 est.)
Inflation (CPI) 319.0% (2020 est.)
Population below poverty line 70.0% (2017) 61.0% on less than $3.20/day (2017)

Is Zimbabwe a low-income country?

Zimbabwe is a low-income economy emerging from a decade long economic crisis. The crisis had a profound impact on production, employment and human development.

Is Zimbabwe expensive to live?

Summary: Family of four estimated monthly costs are 2,097$ without rent. A single person estimated monthly costs are 598$ without rent. Cost of living in Zimbabwe is, on average, 34.64% lower than in United States.

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Is Zimbabwe a low middle income country?

A recent World Bank report, Africa Pulse has downgraded Zimbabwe to a low-income country specification, in a move that confirms the country’s dire economic situation. … Lower middle-income economies enjoy a GNI of US$ 1790 while high-income economies are those with a GNI per capita of US$12 376 or more.

Which country is the richest in Africa?

List

Region Rank Country Peak value of GDP (PPP) as of 2021 Billions of International dollars
Africa 7,172.782
1 Egypt 1,381.057
2 Nigeria 1,136.795
3 South Africa 861.929

Which country is No 1 rich country?

If the GDP per capita is high, this can often indicate the wealth and prosperity of the country’s inhabitants.

The Richest Countries In The World Ranked.

Rank Country GDP per capita (PPP)
1 Luxembourg 120,962.2
2 Singapore 101,936.7
3 Qatar 93,851.7
4 Ireland 87,212.0

How poor is Zimbabwe?

Poverty affects 76.3% of Zimbabwean children living in rural areas as of 2020. Roughly 74% of the population lives on less than $5.50 a day and the average wage per month is $253. Half of Zimbabwe’s 13.5 million people live below the food poverty line and about 3.5 million children are chronically hungry.

What is the poverty rate in Zimbabwe?

In 2019, poverty rate at national poverty line for Zimbabwe was 38.3 %. Poverty rate at national poverty line of Zimbabwe increased from 32.2 % in 2001 to 38.3 % in 2019 growing at an average annual rate of 10.32%.

What is the unemployment rate in Zimbabwe?

In 2020, the unemployment rate in Zimbabwe was at 5.73 percent.

Zimbabwe: Unemployment rate from 1999 to 2020.

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Characteristic Unemployment rate
2020 5.73%
2019 5.02%
2018 5.07%
2017 5.15%

Is Zimbabwe a nice place to live?

Zimbabwe is a very safe country for travelers. Zimbabweans by nature are very welcoming and friendly to foreigners, and the tough economic situation has not significantly affected the country’s safety for visitors.

How much does a house cost in Zimbabwe?

the entry level price for a small property basic four roomed core house is approximately $25 000 (R353500). “In medium density areas like Westlea, Waterfalls, Bloomingdale, New Marlborough etc., the entry level is approximately $80 000 (R1. 31 million) for a two bedroom, apartment or basic house.

How much does a Big Mac cost in Zimbabwe?

WARNING!

Food
Basic lunchtime menu (including a drink) in the business district $15
Combo meal in fast food restaurant (big mac meal or similar) $8
500 gr (1 lb.) of boneless chicken breast $5.24
1 liter (1 qt.) of whole fat milk $1.10

What is the poorest country in Africa?

Based on the per capita GDP and GNI values from 2020, Burundi ranks as the poorest country in not only Africa, but also the world.

Which country is the poorest country 2021?

Here are the 10 poorest countries:

  • Burundi ($270)
  • Somalia ($310)
  • Mozambique ($460)
  • Madagascar ($480)
  • Sierra Leone ($490)
  • Afghanistan ($500)
  • Eritrea ($510)
  • Central African Republic ($510)

Is Zimbabwe safe?

Zimbabwe is, for the most part, a safe country to visit. However, it does have an extremely high rate of both petty and violent crime, though it’s mainly ridden with petty street crime. You should be vigilant and take all possible precaution measures in order to minimize the risk of getting stolen from.

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