Economic Trivia

Tanzania is the third-largest producer of gold in Africa.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2021): China, United Arab Emirates, and India
Top 3 Exported Goods (2021): Precious Stones & Metals, Cereals, and Vegetables

Top Industries Source: CIA World Factbook

Agricultural Processing (Sugar, Beer, Cigarettes, Sisal Twine); Mining (Diamonds, Gold, Iron); Salt; Soda Ash; Cement

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $196,630,460,373 (2022)
GDP Growth Rate (annual %) 4.558% (2022)
GDP Per Capita, PPP (current international) $3,097 (2022)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 75/197 (2022)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 4.35% (2022)
External debt stocks, total (DOD, current US$) $28,489,861,554 (2021)
Total tax rate (% of commercial profits) 43.8% (2019)
Real Interest Rate (5 year average %) 9.638% (2020)
Manufacturing, value added (% of GDP) 8.187% (2022)
Current Account Balance (BoP, current US$) ($1,121,982,598) (2020)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 30,643,514 (2022)
Employment in Agriculture (% of total employment) 64.266% (2021)
Employment in Industry (% of total employment) 7.248% (2021)
Employment in Services (% of total employment) 28.486% (2021)
Unemployment Rate 2.762% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $14,838,629,593 (2022)
Exports of goods and services (current US$) $11,675,414,128 (2022)
Total Merchandise Trade (% of GDP) 27.843% (2022)
FDI, net inflows (BoP, current US$) $1,111,461,438 (2022)
Commercial Service Exports (current US$) $2,179,571,943 (2020)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Tanzania’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank