Tanzania: Economy

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 (2014): India, China, and South Africa
Top 3 Exported Goods (2014): Precious Stones & Metals, Ores, and Fruit & Nuts

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) Source: The World Bank

GDP, PPP (current international) $127,690,859,692 (2014)
GDP Growth Rate (annual %) 6.965% (2014)
GDP Per Capita, PPP (current international) $2,538 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 74/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 6.132% (2014)
External debt stocks, total (DOD, current US$) $13,024,288,000 (2013)
Total tax rate (% of commercial profits) 43.9% (2015)
Real Interest Rate (5 year average %) 11.073% (2014)
Manufacturing, value added (% of GDP) 6.091% (2014)
Current Account Balance (BoP, current US$) ($5,021,388,447) (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 25,284,702 (2014)
Employment in Agriculture (% of total employment) 66.9% (2014)
Employment in Industry (% of total employment) 6.4% (2014)
Employment in Services (% of total employment) 26.6% (2014)
Unemployment Rate 3.1% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $14,365,005,462 (2014)
Exports of goods and services (current US$) $9,362,214,806 (2014)
Total Merchandise Trade (% of GDP) 35.448% (2014)
FDI, net inflows (BoP, current US$) $2,044,550,443 (2014)
Commercial Service Exports (current US$) $3,160,305,795 (2013)
Click on a row to display its 5-year graph on the right.

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

Glossary