Mobile’s Last Barriers
Sub-Saharan Africa is already light years ahead of the rest of the world in advancing mobile banking. Now, governments are pressing for more cross-system compatibility.
Tanzania GDP and Economic Data
Country Report 2017 - Includes Tanzania real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Tanzania economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Tanzania best banks and safest banks are also available.
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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 (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2017* |
| 0.06% | 0.06% | 0.06% | 0.08% | 0.1% |
*Estimate
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GDP - composition by sector
- agriculture: 25.1%
- industry: 27.6%
- services: 47.3%
(2016 estimate)
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
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)
Source
Market value of publicly traded shares
| 2013 | 2014 | 2015 |
| N/A | N/A | N/A |
Source
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)
Export commodities
Gold, coffee, cashew nuts, manufactures, cotton
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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 |
FDI outflows
| 2013 | 2014 | 2015 |
| N/A | N/A | N/A |
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
Source
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
Source
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
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2015 |
| 5% | 15% | 22% | 32% |
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)
Source
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)