External balance on goods and services in Zimbabwe
Zimbabwe: External balance on goods and services was -2.24 billion current US$ in 2024. ◆ Volatile
Latest (2024)
-2.24 billion current US$
Change on year
down 3.0%
World rank
133rd
of 193 countries
All-time high
267.25 million current US$
in 1999
All-time low
-4.08 billion current US$
in 2012
Years of data
50
1975–2024
External balance on goods and services in Zimbabwe, 1975–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
Zimbabwe recorded -2.24 billion current US$ for external balance on goods and services in 2024.
Compared with earlier readings it is down 3.0% on the previous year and up 10.4% over ten years.
Over the whole period, external balance on goods and services in Zimbabwe peaked at 267.25 million current US$ in 1999 and was at its lowest, -4.08 billion current US$, in 2012.
Zimbabwe ranks 133rd of 193 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Zimbabwe, year by year
| Year | current US$ | Change |
|---|---|---|
| 1975 | -72.98 million current US$ | — |
| 1976 | 102.10 million current US$ | -239.9% |
| 1977 | 51.41 million current US$ | -49.6% |
| 1978 | 88.65 million current US$ | +72.4% |
| 1979 | -44.61 million current US$ | -150.3% |
| 1980 | -210.87 million current US$ | +372.7% |
| 1981 | -519.42 million current US$ | +146.3% |
| 1982 | -452.33 million current US$ | -12.9% |
| 1983 | -235.45 million current US$ | -47.9% |
| 1984 | -15.50 million current US$ | -93.4% |
| 1985 | 11.16 million current US$ | -172.0% |
| 1986 | 157.29 million current US$ | +1309.4% |
| 1987 | 184.86 million current US$ | +17.5% |
| 1988 | 264.30 million current US$ | +43.0% |
| 1989 | 134.47 million current US$ | -49.1% |
| 1990 | 6.54 million current US$ | -95.1% |
| 1991 | -284.00 million current US$ | -4441.2% |
| 1992 | -625.25 million current US$ | +120.2% |
| 1993 | -113.50 million current US$ | -81.8% |
| 1994 | -132.25 million current US$ | +16.5% |
| 1995 | -191.00 million current US$ | +44.4% |
| 1996 | 16.25 million current US$ | -108.5% |
| 1997 | -598.75 million current US$ | -3784.6% |
| 1998 | -110.50 million current US$ | -81.5% |
| 1999 | 267.25 million current US$ | -341.9% |
| 2000 | 150.75 million current US$ | -43.6% |
| 2001 | 137.00 million current US$ | -9.1% |
| 2002 | -199.25 million current US$ | -245.4% |
| 2003 | -324.25 million current US$ | +62.7% |
| 2004 | -412.25 million current US$ | +27.1% |
| 2005 | -515.25 million current US$ | +25.0% |
| 2006 | -594.00 million current US$ | +15.3% |
| 2007 | -455.50 million current US$ | -23.3% |
| 2008 | -1.17 billion current US$ | +157.9% |
| 2009 | -2.21 billion current US$ | +87.9% |
| 2010 | -2.87 billion current US$ | +30.1% |
| 2011 | -2.80 billion current US$ | -2.4% |
| 2012 | -4.08 billion current US$ | +45.6% |
| 2013 | -2.80 billion current US$ | -31.3% |
| 2014 | -2.50 billion current US$ | -10.9% |
| 2015 | -3.68 billion current US$ | +47.3% |
| 2016 | -2.33 billion current US$ | -36.7% |
| 2017 | -2.92 billion current US$ | +25.1% |
| 2018 | -758.70 million current US$ | -74.0% |
| 2019 | -150.14 million current US$ | -80.2% |
| 2020 | -586.61 million current US$ | +290.7% |
| 2021 | -1.50 billion current US$ | +156.2% |
| 2022 | -2.48 billion current US$ | +64.7% |
| 2023 | -2.17 billion current US$ | -12.2% |
| 2024 | -2.24 billion current US$ | +3.0% |
Zimbabwe compared with similar countries
- Zimbabwe's -2.24 billion current US$ is below the median for lower middle income countries, which is -1.67 billion current US$, 1.3× the median. (45 countries reporting)
- Zimbabwe's -2.24 billion current US$ is below the median for Sub-Saharan Africa, which is -545.92 million current US$, 4.1× the median. (45 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services in Zimbabwe changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1991 | -4441.2% | 6.54 million current US$ | -284.00 million current US$ |
| 1997 | -3784.6% | 16.25 million current US$ | -598.75 million current US$ |
| 1986 | +1309.4% | 11.16 million current US$ | 157.29 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 24.92 million current US$ | -72.98 million current US$ | 102.10 million current US$ | 5 |
| 1980s | -68.15 million current US$ | -519.42 million current US$ | 264.30 million current US$ | 10 |
| 1990s | -176.52 million current US$ | -625.25 million current US$ | 267.25 million current US$ | 10 |
| 2000s | -559.48 million current US$ | -2.21 billion current US$ | 150.75 million current US$ | 10 |
| 2010s | -2.49 billion current US$ | -4.08 billion current US$ | -150.14 million current US$ | 10 |
| 2020s | -1.80 billion current US$ | -2.48 billion current US$ | -586.61 million current US$ | 5 |
Countries ranked near Zimbabwe
More economy & growth data for Zimbabwe
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.02 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 131.30 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0032 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 7.89 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 465.43 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -22.97 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0112 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 27.98 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 319.78 % change on previous year (2024)
Frequently asked questions
- What is external balance on goods and services in Zimbabwe?
- External balance on goods and services in Zimbabwe was -2.24 billion current US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Zimbabwe?
- The highest recorded value was 267.25 million current US$ in 1999.
- What is the lowest external balance on goods and services recorded in Zimbabwe?
- The lowest recorded value was -4.08 billion current US$ in 2012.
- How does Zimbabwe rank for external balance on goods and services?
- Zimbabwe ranks 133rd out of 193 countries with data for 2024.
- Is external balance on goods and services rising or falling in Zimbabwe?
- Over the last ten years it is up 10.4%. The long-run trend across the full record is volatile.
- Where does this Zimbabwe data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.