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Harare city risk profile

We have evaluated Harare's critical financial data and extrapolated a risk assessment. You can use this analysis to assess your payment terms and manage your risk when trading with customers in Harare.

Our analysis is based on the following factors:

Economic risk in Harare

Zimbabwe is an economy with a medium-sized GDP, totaling 26.22 billion U.S. dollars and growing at a rate of 5.85% annually. With a GDP per capita of 1737 USD, purchasing power for citizens is lower than most of the world. A key measure of the country's economic risk is the inflation rate which stands at a very high 98.5%, alongside an interest rate for businesses of 45.48%. Economic indicators point to a fast-growing economy with medium sized GDP.

Business risk in Harare

Harare, the bustling economic hub of Zimbabwe, faces risks when it comes to business freedom. The property rights index is 33 and the business freedom index is as low as 42 out of 100. These two indices are considered low in African countries. This low score is based on 10 indicators from the World Bank's Doing Business study. Additionally, the economic freedom index registers a score of 40 out of 100, demonstrating a serious need for reform in terms of rule of law, regulatory efficiency and market openness. Such factors are essential for business growth in any city.

Political risk in Harare

Harare, Zimbabwe's capital is a city with a high level of political risk. Governance and political stability indices provide an overview of the environment and the latest values are far from ideal. The rule of law index is at -1.26 points, along with the Government effectiveness index and the Control of corruption both at -1.24 points. The Political stability index is even lower at -1.03 points and the Corruption Perceptions Index is limited to only 23 points out of 100. In addition, the shadow economy as a percentage of GDP is at 67%. All these indicators serve to demonstrate Harare's susceptibility to political risk. It is difficult to enforce contracts, and so it is recommended that upfront payment is charged for any business in the city.

Commercial risk in Harare

Harare, the largest city in Zimbabwe, has a commercial risk of 0 out of 4. The city maintains a low level of foreign currency with only 0.84 billion USD being held in reserves. This has allowed for the domestic and international market within the city to remain open. Open trade continues to provide the city with valuable resources and access to global markets, making it an ideal destination for business and investment. The low risk of foreign exchange further adds to security for investments and businesses in Harare.
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Harare, the largest city in Zimbabwe, has a low commercial risk of 0 out of 4. Holding strong foreign currency reserves of 0.84 billion USD, the city has managed to remain open for domestic and international trade. This security provides valuable protection and access to global markets, creating a viable destination for businesses and investment. Not only is the risk of foreign exchange low, but also the opportunity for growth and success is abundant within the city. All in all, businesses seeking a secure destination with accessible markets can look to Harare as a perfect fit.

Financial risk in Harare

Financial risk in Harare has been analysed and the results are clear. Interest rates on bank credit to the private sector are an impressive 45.48%, while real interest rates are comparatively low at -39.56%. The city also has a high credit information sharing index, listing 7 out of 8, giving good access to credit information. As creditors however, their rights are weak at a 6 out of 12 rating. These results make it easier to evaluate potential credit risk in Harare, so potential creditors can be more informed before making a decision. Credit rating agencies can help analyse the creditworthiness of customers in the city.