Zimbabwe Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Zimbabwe's government debt to gdp was 45.00% in 2025, ranked 113th globally. This represents a 38.4% decrease from 2024. Data from IMF WEO, covering 2005–2025.
Overview
Zimbabwe's government debt to gdp stood at 45.00% in 2025, a decline of +28.05% from 2024. The IMF projects 45.00% by 2025. Zimbabwe ranked 113th globally.
Zimbabwe’s government debt-to‑GDP ratio has risen sharply from a trough of 22.38 % in 2005 to an all‑time peak of 76.13 % in 2023, before easing to 45.00 % in 2025, placing the country at rank 113 globally. The post‑peak decline mirrors a broader fiscal consolidation effort that trimmed debt by roughly 31 percentage points in two years, aligning Zimbabwe’s ratio with peers such as Honduras (45.09 %) and the Netherlands (44.04 %). Over the 21‑year coverage period the trajectory has been markedly upward, reflecting persistent fiscal deficits, external financing needs and currency volatility, yet the recent moderation suggests that tighter budgeting and debt‑service restructuring are taking effect. Continued improvement will depend on sustaining primary surpluses, stabilising the exchange rate and securing concessional financing, which could further lower the debt burden and shift Zimbabwe’s position relative to its peers.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 35.15% | - | - |
| 2029* IMF | 36.83% | - | - |
| 2028* IMF | 38.16% | - | - |
| 2027* IMF | 38.88% | - | - |
| 2026* IMF | 41.59% | - | - |
| 2025* IMF | 45.00% | - | - |
| 2025 | 45.00% | −28.05% | #113 |
| 2024 | 73.05% | −3.08% | #140 |
| 2023 | 76.13% | +9.34% | #137 |
| 2022 | 66.79% | +26.90% | #121 |
| 2021 | 39.89% | −16.92% | #40 |
| 2020 | 56.81% | +2.92% | #92 |
| 2019 | 53.89% | +20.93% | #106 |
| 2018 | 32.96% | −16.02% | #41 |
| 2017 | 48.98% | +13.93% | #97 |
| 2016 | 35.05% | +0.96% | #53 |
| 2015 | 34.09% | +4.89% | #57 |
| 2014 | 29.20% | +2.77% | #63 |
| 2013 | 26.43% | −0.74% | #55 |
| 2012 | 27.17% | −2.85% | #60 |
| 2011 | 30.02% | −3.17% | #70 |
Detected Pattern
Analysis
Zimbabwe matched the Stagflation Risk pattern in 2024. Historically, 38% of countries showing this pattern (117 out of 307) saw government debt to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Zimbabwe's government debt to gdp was 45.00% in 2025. Ranked 113th globally. This represents a 38.4% decrease from the previous year.
Zimbabwe's government debt to gdp peaked at 76.13% in 2023.
The lowest government debt to gdp in Zimbabwe was 22.38% in 2005.
Zimbabwe ranks 113th globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Zimbabwe's government debt to gdp is projected to reach 45.00% by 2025 based on IMF projection.
The government debt to gdp of Zimbabwe in 2025 was 45.00%. This ranks 113th in the world.
Cite this page
@misc{historysaid_zimbabwe_government-debt-to-gdp,
title = {Zimbabwe Government Debt to GDP},
url = {https://historysaid.com/zimbabwe/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}