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Positive performance economy households at US$232

by Stephen Jakes
27 Nov 2023 at 12:38hrs | Views
THE LATEST report by Zimvac has revealed that the findings buttress the prevailing positive performance of the economy as average household monthly income was US$232, way above the Total Consumption Poverty Line.

Indications are that the domains that had average household income below the Total Consumption Poverty Line were Bulawayo North, Magwegwe-Pumula, Chinhoyi, Gweru, Redcliffe, Harare South and Hatcliffe.

"Hwange (US$419) had the highest average household monthly income. The national average household monthly expenditure was ZWL$141,406. Mashonaland Central had the highest average household monthly expenditure (ZWL$160,281) while Midlands had the lowest (ZWL$117, the national average household monthly expenditure was US$173," the report states.

Mashonaland Central had the highest average monthly expenditure (US$196) while Midlands had the lowest (US$144). Chitungwiza had the highest average household monthly expenditure (ZWL$486,000) while Caledonia had the lowest (ZWL$78,000).

"Chitungwiza had the highest average household monthly expenditure (US$595) while Caledonia had the lowest (US$96). The national average household expenditure for six months preceding the survey was ZWL$114,566 with Matabeleland North having the highest average household expenditure for 6 months (ZWL 148,268) while Bulawayo had the lowest (ZWL$ 81,629)," the report states.

It stated that national average household expenditure for six months was US$140, Matabeleland North had the highest average household expenditure for six months (US$181) while Bulawayo had the lowest (US$100).

Zvishavane was reported to had the highest average six months expenditure (ZWL$399,000) while Redcliffe had the lowest (ZWL$10,000). Zvishavane had the highest average six months expenditure (US$489) while Redcliffe had the lowest (US$ 12).

"The food expenditure ratio measures household economic vulnerability. Zimvac said the Food Expenditure ratio was 37% of income, a decrease from 55% in 2020," reads the report.

Manicaland (39%) and Harare (39%) had the highest food expenditure ratio while Masvingo (33%) had the least. Zimvac also said Caledonia had the highest ratio of food expenditure (49%), whilst Masvingo had the lowest (26%).

ZimVAC is a consortium of government, development partners, United Nations, Non governmental organisations, Technical Agencies and Academia.

 It was established in 2002 and is led and regulated by the government.

Source - Byo24News