Zimbabwe Industry Sectors
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Zimbabwe’s industry sectors employ 10% of the country’s labor force and contribute 23.9% of the GDP, according to the 2009 estimates of the CIA World Factbook. The nation has a large and diverse manufacturing segment, which is in part a result of the international sanctions that were imposed on Zimbabwe for five years before the nation attained independence.[br]
Zimbabwe’s industry sectors employ 10% of the country’s labor force and contribute 23.9% of the GDP, according to the 2009 estimates of the CIA World Factbook. The nation has a large and diverse manufacturing segment, which is in part a result of the international sanctions that were imposed on Zimbabwe for five years before the nation attained independence.[br]
Table of Contents
Zimbabwe Industry Sectors: Industries
The most prominent industries in Zimbabwe include:
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Mining – including coal, gold, platinum, copper, nickel, tin, as well as various metallic and nonmetallic ores
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Steel
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Wood Products
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Cement
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Chemicals
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Fertilizer
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Clothing
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Footwear
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Food
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Beverages
The industrial production growth rate of Zimbabwe fell to -2% in 2009, putting the country in the 89th position worldwide in terms of industrial production growth.
Zimbabwe Industry Sectors: Oil & Energy
This sub-Saharan nation does not have any proven oil and natural gas reserves and needs to import all its oil consumption requirements. On the other hand, it produced 8.89 billion kWh of electricity per year (2007 ets.), putting Zimbabwe in the 95th position worldwide. It is able to export about 32 million kWh of energy (2007 est.), while importing 2.69 billion kWh (2007 est.).
Zimbabwe Industry Sectors: Mining[br]
Zimbabwe has huge wealth in terms of rich deposits of more than forty types of minerals. At present, however, only half these deposits are being actively mined. The nation’s unusually diverse geology gives it great potential to earn substantial revenues from exporting minerals.
The mining sector does contribute the maximum amount of foreign earnings, as compared to the other sectors of the economy. The power-sharing government that was formed in February 2009 has introduced some economic reforms, including tackling the hyperinflation witnessed by the country during the earlier part of decade. After years of political instability, Zimbabwe now is registering economic growth for the first time in more than a decade.
