Africa-Press – Zimbabwe. ZIMBABWE’S Gross Domestic Product (GDP) declined by 1,73% to ZWG17,6 billion in the first quarter 2025 from ZWG17,9 billion in the fourth quarter of 2024, the national statistical agency said yesterday.
The decline was fuelled by declines in key sectors such as mining and quarrying, accommodation, food services and water supply, the Zimbabwe National Statistics Agency (ZimStat) said.
It said the figures provided an indication of changes in economic activities based on developments during the quarter.
Zimbabwe recently revised its GDP to US$44,4 billion from an initial estimate of US$35,2 billion following an economic census.
“The GDP figure at constant prices for the first quarter of 2025 was ZWG17,6 billion, down from ZWG17,9 billion in the fourth quarter of 2024. This shows a 1,73% decrease.
“Industries that recorded declines were mining and quarrying, which stood at 21,6% while accommodation and food services recorded 24,1%. Water supply stood at 12,3%,” ZimStat said in a report released yesterday.
Despite the decrease at constant prices, the GDP at current prices for the 1st quarter of 2025 rose to ZWG335 billion from ZWG299 billion in the 4th quarter of 2024, driven by growth in key economic sectors such as agriculture, electricity supply, information and communication, finance and insurance activities.
“Quarter to quarter basis selected industries that grew in the first quarter of 2025 were, agriculture 18,8%, electricity supply 6,1%, information and communication stood at 4,3% while finance and insurance activities amounted to 4,3%,” ZimStat said.
The top five contributing industries to GDP in the first quarter of 2025 were manufacturing at 15%, followed by mining and quarrying, which stood at 12,4%, while agriculture recorded 11,7%. Wholesale and retail trade stood at 11,6%, while finance and insurance accounted for 11,2%.
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