Informal sector to claim higher stake of GDP

Informal sector to claim higher stake of GDP
Published: 12 May 2014

Zimbabwe's informal sector's contribution to the country's Gross Domestic Product is expected to increase in the outlook period, according to estimates by the Zimbabwe National Statistics Agency (ZimStats).

Speaking at a "Dissemination of the compendium of statistical concepts and definitions" workshop last Friday, Zimstats director-general Mutasa Dzinotizei said the 2014 Gross Domestic Product (GDP) is expected to be $13 billion with the informal sector contributing up to 20 percent of that figure.

Dzinotizei said it should be a priority for government to devise ways to strategically increase employment in the formal sector because the situation shows a flaw that needs to be amended.
- chronicle
Tags: GDP,

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