Online Reporter
Judith Phiri
Zimpapers Business Hub
ZIMBABWE is closing its tax revenue gap, with its tax revenue-to-gross domestic product (GDP) ratio expected to converge with the Organisation for Economic Cooperation and Development (OECD) upper-middle-income benchmark by 2027.
According to the latest global data compiled by the OECD, the average tax-to-GDP ratio for middle-income countries is 18,9 percent.
OECD metrics provide standardised, high-quality data that allows countries to compare policy performance, identify economic trends and implement globally recognised best practices.
According to broader datasets such as the World Bank’s global metrics, upper-middle-income economies must average a tax revenue of roughly 10,52 percent of GDP.
Zimbabwe also remains on course towards the National Development Strategy 2 (NDS2, 2026-2030) target of 22 percent by 2030.
This comes as Zimbabwe intensifies domestic resource mobilisation to generate more domestic funding to finance key infrastructure, social services and other national development priorities.
Zimra Commissioner-General Ms Regina Chinamasa told delegates at the Zimbabwe Economic Development Conference (ZEDCON) 2026 on Thursday that bolstering domestic revenue mobilisation was critical to match the country’s development ambitions.
