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Agriculture is Zim's main income source

Jun 07 2013 15:53
Malcom Sharara, Fin24’s correspondent in Zimbabwe
Harare - The main source of income in Zimbabwe is the sale of agricultural produce at 48.4%, a recent survey by that country’s statistical agency Zimstats has shown.
 
According to the Poverty Income Consumption and Expenditure Survey 2011/12 Report released this week, the main source of income in Zimbabwe is the sale of agricultural produce followed by salaries and wages which accounted for 31.9%.
 
The survey however showed that in terms of value, wages and salaries contribute 66.2% to average annual gross income followed by agricultural income which contributes 17.5% to average gross income.
 
The informal sector is also a major source of income with the value of non-farm output of the informal sector at US$2.1bn.
 
The persons with the highest primary income in Zimbabwe are managers earning an average annual gross income of $10 586, followed by technicians and associate professionals earning and average gross primary income of $6 229.
 
Average annual gross income is $2 154 which equates to $5.90 a day. The survey also showed that 77% of the employed persons in Zimbabwe earn gross monthly primary incomes of less than $351.

 - Fin24

 

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zimbabwe  |  zimbabwe economy

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