Zimbabwe: Vending Woes, Poverty and Mugabenomics

opinion

In1980, Zimbabwe's GDP per capita was US$1,295. To put this figure into perspective, Zimbabwe's GDP per capita was higher than China and India which are today two of the fastest growing economies in the world.

Fast forward to 2015 and Zimbabwe's GDP per capita is a paltry US$589, 46 and according the Global Finance magazine, Zimbabwe is at the top of the poorest countries in the world. In addition to low economic indicators, the social indicators are equally appalling. More than 60% of the country lives on less than a dollar a day, infant mortality is still very high, 9 in every 10 jobs are informal, 80% of urban residents lack access to water, social security has all but collapsed and life expectancy is at 57 years.

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