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 in Tanzania

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 (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 2015 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(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. 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(ranking by country on a basis of 144, the first is the best)

116 out of 138 countries

(2016-2017)

Index of Economic FreedomWSJ and Heritage Foundation

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

Dar es Salaam

Currency

Tanzanian shillings (TZS)

Government type

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

mainland - Christian 30%, Muslim 35%, indigenous beliefs 35%; Zanzibar - more than 99% Muslim

Total population
1990 2000 2010 2014* 2019**
25.531 million 33.68 million 42.832 million 47.665 million 55.257 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
5.2% 15% 22% 30%
Population median age

17.4 years (2014 est.)

Population growth rate

2.8% (2014 est.)

Life expectancy

61.24 years  (2014 est.)

Adult literacy

67.8% (2010 estimate)

% of population living on less than $2 a day

73.0% (2012)

Inequality of wealth distribution (Gini index)

37.8 (2012)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 3
Civil Liberties: 3 (2014)

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

Total telephone subscribers as % of population

Fixed  0.3%   Mobile  55.7% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

4.40% (2013)

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 178th (2014)

CO2 emissions(Metric tons of CO2 per capita)

0.2 (2010)

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Additional Awards