Source
Central bank

Bank of Tanzania

International Reserves

USD 5 billion (2018)

Gross Domestic Product - GDP

USD 57.9 billion (2018, estimate)

GDP (Purchasing Power Parity)

Intl$ 175.8 billion (2018, estimate)

Real GDP growth
2014 2015 2016 2017* 2018*
6.7% 6.2% 6.9% 6.8% 6.6%

*Estimate

GDP per capita - current prices

USD 1,133.5 (2018, estimate)

GDP per capita - PPP

Intl$ 3,443.7 (2018, estimate)

GDP (PPP) - share of world total

0.13% (2019, estimate)

 
 
Source
GDP - composition by sector
  • agriculture: 28.7% 
  • industry: 25.1% 
  • services: 37.9%

(2017 estimate)

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

N/A

 

Inflation
2014 2015 2016 2017* 2018*
5.6% 5.2% 5.3% 3.5% 3.6%

*Estimate

Unemployment rate

N/A

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2014 2015 2016 2017* 2018*
35.9% 36.4% 36.6% 37.3% 37.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2014 2015 2016 2017* 2018*
-3.2% -2.1% -1.2% -1.9% -2.9%

*Estimate

Government bond ratings

Standard & Poor's: N/A

Moody's: B1

Standard & Poor's / Moody's (Updated 2019)

Market value of publicly traded shares

N/A

Largest companies

N/A

 
 
Source
Current account balance

USD -2.1 billion (2018 estimate)

Current account balance by percentage of GDP

-3.7% (2018 estimate)

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

15.1% (2017)

 

Shares in world total merchandising export

0.02% (2018)

 

Shares in world total commercial services export

0.06% (2018)

Total exports

USD 8.2 billion (2018 estimate)

Export commodities

Gold, coffee, cashew nuts, manufactures, cotton

Total imports

USD 10.2 billion (2018 estimate)

 
 
Source
Import commodities

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

Exports - major partners

India 21.8%, South Africa 17.9%, Kenya 8.8%, Switzerland 6.7%, Belgium 5.9%, Democratic Republic of the Congo 5.8%, China 4.8% (2017)

Imports - major partners

India 16.5%, China 15.8%, UAE 9.2%, Saudi Arabia 7.9%, South Africa 5.1%, Japan 4.9%, Switzerland 4.4% (2017)

FDI inflows
2016 2017 2018
USD 864 million USD 938 million USD 1,105 million
Value of cross-border M&A, by country of purchaser

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: 141 out of 190 countries (2019)

Subcategories:

Starting a Business: 162 out of 190 countries

Dealing with Construction Permits: 149 out of 190 countries

Getting Electricity: 85 out of 190 countries

Registering Property: 146 out of 190 countries

Getting Credit: 67 out of 190 countries

Protecting Minority Investors: 105 out of 190 countries

Paying Taxes: 165 out of 190 countries

Trading across Borders: 182 out of 190 countries

Enforcing Contracts: 71 out of 190 countries

Resolving Insolvency: 116 out of 190 countries

Global competitiveness ranking

117 out of 141 countries

(2019)

Index of Economic Freedom

Ranking: 94 / Score: 60.2 (Moderately free) (2019)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+3

Total area

947,300 sq km

Capital

Dar es Salaam (administrative capital), Dodoma (legislative capital)

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 2015* 2020*
24.51 million 32.54 million 43.06 million 49.99 million 58 million

*Estimate  

 
 
Source
Urban population as % of total population
1960 1980 2000 2020
5.2% 14.6% 22.3% 33.8%
Population median age

17.9 years (2018 estimate)

Population growth rate

2.74% (2018 estimate)

Life expectancy

63.1 years (2018 estimate)

Literacy

Total population: 77.9%
Male: 83.2%
Female: 73.1% (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

79% (2018)

Inequality of wealth distribution (Gini index)

37.8 (2011)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 4
Civil Liberties: 5 (2019)                         

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

Source
Total telephone subscribers as % of population

Fixed 0.2%   Mobile 77.2% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

25% (2017)

Mercer Cost of living index

Dar Es Salaam: 171nd (2019)

CO2 emissions

0.23 metric tons per capita (2014)

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