Zimbabwe’s Finance Ministry has revised its 2025 GDP growth forecast from 6% to 6.6%, citing a surge in gold prices and a bumper tobacco harvest. The announcement follows a strong performance in artisanal and large-scale gold mining, with exports exceeding $2 billion year-to-date.
The tobacco sector, buoyed by favorable weather and expanded acreage, has also contributed to foreign exchange inflows. Officials credit improved access to inputs and digital extension services for the agricultural rebound.
This dual-sector uplift underscores Zimbabwe’s reliance on extractives and agro-exports, even as the government pushes for diversification and industrialization.