Zimbabwe is on course to surpass a per capita income of 3,000 U.S. dollars in 2025, reflecting a steady improvement in economic activity, according to Information Minister Jenfan Muswere.
Speaking at a post-Cabinet briefing on Tuesday, July 8, he noted that continued gains in macroeconomic indicators support the country’s aspiration to achieve upper-middle-income status by 2030. GDP figures released in June 2025 show national output rose to 45.7 billion dollars in 2024, up from 44.4 billion dollars the previous year, underscoring a positive growth trajectory despite recent setbacks.
The economic rebound follows a slowdown in 2023 caused by an El Niño-driven drought that significantly impacted agriculture. However, the government projects a 6% economic growth rate in 2025, fuelled by a recovery in farming and robust performance in the industrial and service sectors. Authorities remain optimistic that this momentum will help position Zimbabwe as a key emerging economy in southern Africa.