Source
Central bank

Bank of Tanzania

International Reserves

USD 4.1 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 50.5 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 165.0 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
4.7% 8.5% 5.6% 5.4% 6.4% 7.9% 5.1%
2013 2014 2015 2016* 2017*    
7.3% 7% 7% 7.2% 7.2%    

*Estimate

GDP per capita - current prices

USD 1,017.5 (2017, estimate)

GDP per capita - PPP

Intl$ 3,326.4 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.06% 0.06% 0.06% 0.08% 0.1%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 25.1% 
  • industry: 27.6% 
  • services: 47.3%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2013 2014 2015 2016* 2017*
7.9% 6.1% 5.6% 5.2% 5.0%

*Estimate

Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
30.9% 33.8% 36.5% 38.3% 39.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-3.9% -3% -3.2% -4% -4.6%

*Estimate   

Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -4.4 billion (2017 estimate)

Current account balance by percentage of GDP

-8.8% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

21.6% (2015)

 

Shares in world total merchandising export

0.03% (2015)

 

Shares in world total commercial services export

0.08% (2015)

Total exports

USD 6.0 billion (2016 estimate)

Export commodities

Gold, coffee, cashew nuts, manufactures, cotton

Total imports

USD 10.0 billion (2016 estimate)

 
 
Source
Import commodities

Consumer goods, machinery and transportation equipment, industrial raw materials, crude oil

Exports - major partners

India 21.4%, China 8.1%, Japan 5.1%, Kenya 4.6%, Belgium 4.3% (2015)

Imports - major partners

China 34.6%, India 13.5%, South Africa 4.7%, UAE 4.4%, Kenya 4.1% (2015)

FDI inflows
2013 2014 2015
USD 2,087 million USD 2,049 million USD 1,532 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 132 out of 190 countries (2017)

Subcategories:

Starting a business: 135 out of 190 countries

Enforcing Contracts: 59 out of 190 countries

Registering Property: 132 out of 190 countries

Getting Credit: 44 out of 190 countries

Protecting Minority Investors: 145 out of 190 countries

Trading Across Borders: 180 out of 190 countries

Paying Taxes: 154 out of 190 countries

Dealing with Construction Permits: 136 out of 190 countries

Getting Electricity: 87 out of 190 countries

Resolving Insolvency: 100 out of 190 countries

Global competitiveness ranking

116 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 110 / Score: 58.46 (Mostly unfree) (2016)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+3

Total area

947,300 sq km

Capital

Dodoma

Currency

Tanzanian shillings (TZS)

Government type

Presidential republic

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

Note: Kiswahili (Swahili) is the mother tongue of the Bantu people living in Zanzibar and nearby coastal Tanzania; although Kiswahili is Bantu in structure and origin, its vocabulary draws on a variety of sources including Arabic and English; it has become the lingua franca of central and eastern Africa; the first language of most people is one of the local languages

Religions

Christian 61.4%, Muslim 35.2%, folk religion 1.8%, other 0.2%, unaffiliated 1.4%

Note: Zanzibar is almost entirely Muslim (2010 est.)

Total population
1990 2000 2010 2016* 2021*
24.716 million 32.822 million 42.832 million 48.633 million 53.694 million

*Estimate  

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
5% 15% 22% 32%
Population median age

17.6 years (2016 estimate)

Population growth rate

2.77% (2016 estimate)

Life expectancy

62.2 years (2016 estimate)

Literacy

Total population: 70.6%
Male: 75.9%
Female: 65.4% (2015 est.)

(age 15 and over can read and write Kiswahili (Swahili), English, or Arabic)

% of population living on less than $3.10 a day

33.6% (2011)

Inequality of wealth distribution (Gini index)

37.8 (2011)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 3
Civil Liberties: 4 (2017)                         

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

Source
Total telephone subscribers as % of population

Fixed 0.27%   Mobile 75.86% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

5.36% (2015)

Mercer Cost of living index

Dar Es Salaam: 174th (2016)

CO2 emissions

0.2 (2013)

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