Harare’s GDP at $294 billion tops nation

Business Reporter

LATEST data released by the Zimbabwe National Statistics Agency (ZIMSTAT)  shows that the total Gross Domestic Product for Harare at $294 billion is the highest when compared to all the other country’s provinces.

The statistics organ said provincial GDP for Harare  province was $45 billion  in 2019  and $294 billion  in 2020

“The per capita GDP  in Harare province which spreads the total resources worth against shared on individuals was $16 564 Zimbabwe dollars in 2019 and it reached $104 674  in 2020,” said Zimstat.

Notably ,key contributors to the GDP were the  wholesale and retail trade, repair of motor vehicles   contributing  to GDP with 22,7% in 2019, and 21,8% in 2020.

 The contribution of manufacturing  sector to GDP rose from 21,9%  in 2019 to 24,3% in 2020. Finance and insurance contribution was 7,7%  in 2019 to 9,1% in 2020 and information and communication contribution was 5,8% and 5,3% in 2019 and 2020 respectively.

Second to Harare was Bulawayo province with $155,6 billion total GDP, Mashonaland West Province at $132,5 billion, Midland at $130,2 billion and Manicaland at $103,2 billion.

The rest of the provinces had GDPs which are far below the $100 billion worth mark.

Presenting the statistics, ZIMSTAT director general , Taguma Mahonde said the move will buttress current devolution efforts by government.

“By so doing, ZIMSTAT will be complementing the evidence-based policy making and implementation processes through production of statistics disaggregated by province.

“Ladies and gentleman, I am glad to advise that in addition to Provincial GDP, ZIMSTAT is also releasing Provincial Consumer Price Indices, starting May 2021. The dissemination of Provincial GDP by Zimbabwe National Statistics Agency is in adherence to the constitutional provisions on devolution.

“The Agency is fulfilling its devolution mandate from a statistics dimension by producing subnational statistics to enhance precision on decision and policy making,” said Mahonde.

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