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Positive performance economy households at US$232
27 Nov 2023 at 07:38hrs | 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.
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.
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
