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Country · ZWE

Zimbabwe · Finances and debt

Source: IMF, World Economic Outlook (October 2026) · copied on 2026-11-11

Public finances and external accounts

A fiscal surplus of 0.1 % of GDP

Zimbabwe: in 2025, the general government collected 0.1 % of GDP more than it spent, public debt stood at 38.0 % of GDP, the current account showed a surplus of 3.6 % (IMF).

Fiscal balance · 2025
+0.1 %
of GDP · −0.4 pt since 2020
Public debt · 2025
38.0 %
of GDP · −18.8 pt since 2020
Current account · 2025
+3.6 %
of GDP · +1.9 pt since 2020

Fiscal balance, % of GDP

Negative: a deficit · dashed: estimates and projections

−10 % −5 % 0 % 5 % 2015 2020 2025 2030 Zimbabwe 0.6 Southern Africa −3.7 −10 % −5 % 0 % 5 % 2015 2020 2025 2030
  • Zimbabwe
  • Southern Africa

Source: IMF, World Economic Outlook (October 2026) · general government net lending or borrowing · group values weighted by GDP in dollars (Syli Atlas)

Current account, % of GDP

Trade, income and transfers with the rest of the world

−10 % −5 % 0 % 5 % 10 % 2015 2020 2025 2030 Zimbabwe 1.6 −10 % −5 % 0 % 5 % 10 % 2015 2020 2025 2030

Source: IMF, World Economic Outlook (October 2026)

Currency

Zimbabwe Gold (ZiG)

The Zimbabwe Gold (ZiG) has no fixed peg: its value against the dollar and the euro moves with the market and the central bank's policy.

Currency
ZWG
Zimbabwe Gold (ZiG)
Exchange regime
—
no fixed peg
Inflation · 2025
81.4 %
average annual change in consumer prices

Currency codes: ISO 4217 · fixed parities: central banks (BCEAO, BEAC, Central Bank of the Comoros, Bank of Cape Verde…) · inflation: IMF, World Economic Outlook (October 2026)

Debt

A debt owed first to multilateral lenders

At the end of 2025, Zimbabwe owed 6.2 bn$ in public external debt (World Bank). 32.5 % of it was owed to China, 41.3 % to multilateral institutions and 0.0 % to bond holders.

Debt of the 54 countries →
Public debt · 2025
38.0 %
of GDP · IMF
External debt · 2025
16.0 bn$
public and private · World Bank
Public external debt · 2025
6.2 bn$
owed or guaranteed by the State
Debt service · 2024
1.1 %
of exports of goods, services and income

Risk of debt distress

IMF and World Bank debt sustainability analysis

Latest analysis published on 2025-10-02: in debt distress.

Source: IMF, list of debt sustainability analyses of low-income countries, as of 2026-03-31 · imf.org

Public external debt by creditor

Share of the total at the end of each year

2015
2020
2025
Multilateral (IMF, World Bank, AfDB…)
41.3 %
China
32.5 %
Other countries
17.9 %
Bonds (Eurobonds)
0.0 %
Banks and other private lenders
8.3 %

Source: World Bank, International Debt Statistics (updated 2026-11-05) · public and publicly guaranteed external debt, end of year · CC BY 4.0 · shares: Syli Atlas calculation