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 bank Bank of Tanzania
International Reserves US$ 3.726 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 24.858 billion (2010 estimate)
GDP (Purchasing Power Parity) 68.862 billion of International dollars (2010 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
6% 7.2% 6.9% 7.8% 7.4% 6.7% 7.1% 7.3%
2009 2010 2011 2012*
6.7% 6.5% 6.7% 6.4%

*Estimate

GDP per capita - current prices US$ 578 (2006 estimate)
GDP per capita - PPP $1,601 International Dollars (2006 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
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 March 2012)

Inflation
2009 2010 2011 2012*
11.8%(2008) 10.5% 7% 17.4%

*Estimate

Unemployment rate
2009 2010 2011 2012*
N/A N/A N/A(2009) N/A

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
35% 37.1% 39.9% 44.4% 47.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
0% -4.8% -7% -6% -6.4%

*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 Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$1.293 billion US$1.264 billion US$1.539 billion
Largest companies in Tanzania N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -3.1 billion (2010 estimate)(After 2008)
Current account balance by percentage of GDP -12.3% of GDP (2010 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

26.1% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0.03%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.06% (2011)(2007)

(Data were released in 2012)

Total exports US$5.031 billion (2012 estimate) 
Export commodities gold, coffee, cashew nuts, manufactures, cotton
Total imports US$9.724 billion (2012 estimate) 
Import commodities consumer goods, machinery and transportation equipment, industrial raw materials, crude oil
Exports - major partners China 14.2%, India 9.9%, Japan 7.7%, Germany 6.7%, UAE 4.5% (2011)
Imports - major partners India 19.8%, China 17%, South Africa 6.5%, Kenya 5.8%, UAE 4.6% (2011)
FDI inflows
2009 2010 2011
US$953 million US$1,023 million(2009) US$1,095 million(2009)
FDI outflows
2009 2010 2011
N/A N/A N/A
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) US$18 million(2009) N/A
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

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

Cross-border M&A deals worth over $3 billion completed in 2011

(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 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 134 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 113 out of 185 countries(2009)

Enforcing Contracts: 36 out of 185 countries

Registering Property: 137 out of 185 countries

Getting credit: 129 out of 185 countries

Protecting investors: 100 out of 185 countries

Trading across border: 122 out of 185 countries

Paying Taxes: 133 out of 185 countries

Dealing with Construction Permits: 174 out of 185 countries

Getting Electricity: 96 out of 185 countries

Resolving Insolvency: 129 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
120

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 110 Score: 57.0 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+3
Total area 945,087 km2 (2006)
Capital Dar es Salaam (2009)
Currency Tanzanian shillings (TZS) (2009)
Government type republic (2009)
Languages Kiswahili 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
Religions mainland - Christian 30%, Muslim 35%, indigenous beliefs 35%; Zanzibar - more than 99% Muslim
Total population
1980 1990 2000 2012* 2017**
18.58 million 25.47 million 33.6 million 43.02 million 47.5 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
5.2% 14.6% 22.3% 26.7%
Population median age 18 years (2010)
Population growth rate 3% (2011)
Life expectancy 57 years (2010)
Adult literacy 73% (2005/2010)
% of population living on less than $2 a day 87.87% (2011)
Inequality of wealth distribution (Gini index)

37.58 (2007)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:3
Civil Liberties:3 (2011)

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

Total telephone subscribers as % of population

55.88% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 12% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer 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)

0.1599 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2012)
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 (National, 2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE