Zimbabwe: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| Zimbabwe |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | -2.00 |
| Year | 2023 |
| Measure | percent |
| Data availability | 2018 - 2023 |
| Average | -2.85 |
| Min - Max | -5.60 - -1.80 |
| Source | African Development Bank |
The latest value from 2023 is -2 percent, an increase from -2.1 percent in 2022. In comparison, the world average is -3.18 percent, based on data from 123 countries. Historically, the average for Zimbabwe from 2018 to 2023 is -2.85 percent. The minimum value, -5.6 percent, was reached in 2018 while the maximum of -1.8 percent was recorded in 2021.
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* indicates monthly or quarterly data series
Recent data
Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 16.70 | 2022 | percent |
| Government spending, in dollars | 4.57 | 2022 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -2.00 | 2023 | percent |
| Government debt | 90.23 | 2023 | percent |
| Tax revenue | 7.21 | 2018 | percent |
| Commercial tax rate | 31.60 | 2019 | percent |
| Tax preparation time | 242 | 2019 | hours |
| Number of taxes | 51 | 2019 | taxes |
| Taxes on goods and services | 41.23 | 2018 | percent |
| Taxes on international trade | 7.66 | 2018 | percent |
| Income and profits taxes | 33.32 | 2018 | percent |
| Foreign aid | 974.39 | 2021 | million U.S. dollars |