24 January 2009

The cost for a simple meal in Zimbabwe

If you find all the doom and gloom about the world economy a bit depressing, spare a thought for the people of Zimbabwe, where inflation now runs at %11.2 million per annum, according to the CIA World Fact Book. Below is a receipt for a simple meal at a hotel in Zimbabwe, which came to a total of Z$1.2 billion.

Zimbabwe's economy lays in ruins after farms owned by whites were seized in a brutal land reform program. It now has an unemployment rate of 80% and a GDP per capita of US$200, the lowest in the world. The GDP per capita of Australia for 2008 was US$39,300.

1 comment:

Anonymous said...

The real cause was economic mismanagement by Mugabe, not just "brutal land reform"