Ncube claims Zimbabwe’s economy outpaces SADC peers

ByEnigma 808

Finance Minister Mthuli Ncube reported that Zimbabwe’s economy grew by an average of 6.3 percent annually over seven years when excluding pandemic and drought periods. The Treasury projects 6.6 percent growth for this year compared with the Southern Africa regional average of 2.8 percent. Zimbabwe’s nominal GDP is expected to reach $52.3 billion in 2025 from $44.4 billion in 2023.

Ncube told delegates at the Zanu PF conference in Mutare that the economy now exceeds the size of regional neighbors Zambia, Namibia, Mozambique, Mauritius, Malawi, and Botswana. Manufacturing contributed 15.3 percent to GDP growth in 2024, while mining added 14.5 percent. The agriculture sector expanded from $5.6 billion to $10.3 billion, and tobacco output reached a record 355 million kilograms.

The minister attributed the progress to reforms implemented through government programs aimed at achieving Vision 2030. Zimbabwe recorded a month-on-month inflation of negative 0.2 percent in September 2025. Merchandise exports increased from $4.7 billion in 2018 to $7.8 billion in 2024, driven by gold and tobacco sales.

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    Besides writing and being a content creator, Enigma 808 sometimes likes to watch paint dry on walls, listening to ASMR while timing snails racing. Such is life.