Mthuli Ncube Says Economy Is Bigger Than We Think, Rebases GDP From US$18 Billion To US$25.8 Billion

Minister of Finance and Economic Development, Mthuli Ncube has said that Zimbabwe is much bigger than “we think” and has rebased (establish a new base level) the gross domestic product (GDP) from US$18 billion to US$25.8 billion. This is an increase of almost 40 percent. The Minister also said that the GDP growth is forecasted to grow to US$29 billion next year and further to US$32.7 billion in 2020.

Presenting the government’s latest economic blueprint, Transitional Stabilization Programme (TSP), on Friday Ncube justified the new figures saying that they were taking into account the informal sector which had always been ignored in the past.

The projections are as follows:

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