GFmag Online Readers Survey 2012
Tanzania


Tanzania Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Tanzania; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bankBank of Tanzania
International ReservesUS$ 3.905 billion (Source: World Bank; Data updated: November 2010)
Gross Domestic Product - GDPUS$ 23.295 billion (2010 estimate)
GDP (Purchasing Power Parity)62.89 billion of International dollars (2010 estimate)
Real GDP growth
20002001200220032004200520062007
4.9%6%7.2%6.9%7.8%7.4%6.7%7.1%
2008200920102011*
7.4%6.7%6.5%6.4%

*Estimate

GDP per capita - current pricesUS$ 552 (2006 estimate)
GDP per capita - PPP$1,491 International Dollars (2006 estimate)
GDP (PPP) - share of world total
19801990200020102015**
0.07%0.07%0.06%0.08%0.09%

**Forecast

GDP - composition by sector
  • agriculture: 27.8% 
  • industry: 24.2% 
  • services: 48% (2011 estimate)

    • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)N/A

(Data released on November 2010)

Inflation
2008200920102011*
10.3%(2008)11.8%10.5%6.3%

*Estimate

Unemployment rate
2008200920102011*
N/AN/AN/A(2009)N/A

*Estimate

Household saving ratesN/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)
20072008200920102011*
41.6%40.9%40.9%43.8%47.5%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2007200820092010*2011**
0%-5.6%-8%-6.8%-6.5%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares
200720082009
N/AUS$1.293 billionN/A
Largest companies in TanzaniaN/A
DATA ON TRADE AND COMPETITIVENESS
Current account balanceUS$ -2.2 billion (2010 estimate)(After 2008)
Current account balance by percentage of GDP-9.5% of GDP (2010 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

21.7% (2006)

(Data released on December 2010)

Shares in world total merchandising export0.02%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export0.06%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exportsUS$3.809 billion f.o.b. (2010 estimate)
Export commoditiesgold, coffee, cashew nuts, manufactures, cotton
Total importsUS$5.901 billion f.o.b. (2008 estimate)
Import commoditiesconsumer goods, machinery and transportation equipment, industrial raw materials, crude oil
Exports - major partnersChina 10.3%, India 9.7%, Netherlands 6.5%, Germany 6.3%, UAE 4.9% (2007)
Imports - major partnersChina 12%, Kenya 8%, South Africa 7.7%, India 6.9%, UAE 5.9% (2007)
FDI inflows
200820092010
US$679 millionUS$645 million(2009)US$700 million(2009)
FDI outflows
200820092010
N/AN/AN/A
Value of cross-border M&A, by country of purchaser
2008200920102011
N/AN/A(2009)N/A(2009)N/A
Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 128 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 122 out of 183 countries(2009)

Registering property: 151 out of 183 countries

Paying Taxes: 120 out of 183 countries

Getting credit: 89 out of 183 countries

Protecting investors: 93 out of 183 countries

Trading across border: 109 out of 183 countries

Enforcing Contracts: 32 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)		120

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 108 Score: 57 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zoneUTC+3
Total area 945,087 km2 (2006)
CapitalDar es Salaam (2009)
CurrencyTanzanian shillings (TZS) (2009)
Government typerepublic (2009)
LanguagesKiswahili or Swahili (official), Kiunguja (name for Swahili in Zanzibar), English (official, primary language of commerce, administration, and higher education), Arabic (widely spoken in Zanzibar), many local languages
Religionsmainland - Christian 30%, Muslim 35%, indigenous beliefs 35%; Zanzibar - more than 99% Muslim
Total population
1980199020002010*2015**
18.58 million25.47 million33.6 million41.35 million45.65 million

*Estimate    **Forecast

Urban population as % of total population
1960198020002009
5.2%14.6%22.3%26%
Population median age18.0 years (2006)
Population growth rate2.9% (2009)
Life expectancy52 years (2007)
Adult literacy72% (2000/2007)
% of population living on less than $2 a day87.87% (2011)
Inequality of wealth distribution (Gini index)

37.6 (2007)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:3
Civil Liberties:3 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

47.19% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population11% (Data were released in 2011 and refer to 2010)
Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Dar es Salaam: 187th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

0.1522 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2011:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2011)
2010:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2010)
2009:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE