In page navigation
Hyperinflation – Finansleksikonet Sverige
När prisökningarna ligger över 100 % per år.
Zimbabwe: March 2007 – November 2008 flickr / Peat Bakke
Daily inflation rate: 98 percent
Prices doubled every: 25 hours
Story: Zimbabwe’s hyperinflation was preceded by a long, grinding decline in economic output that followed Robert Mugabe’s land reforms of 2000-2001, through which land was expropriated largely from white farmers and redistributed to the majority black populace. This led to a 50 percent collapse in output over the next nine years.
Socialist reforms and a costly involvement in Congo’s civil war led to outsized government budget deficits. At the same time, the Zimbabwean population was declining as people fled the country. These two opposing factors of increased government spending and a decreasing tax base caused the government to resort to monetization of its fiscal deficit.
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >