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: Switzerland, South Africa, and China
Top 3 Exported Goods: Precious Stones & Metals, Precious Stones & Metals, and Ores

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 $) $85 billion (2013)
GDP Growth Rate (annual %) 6.961% (2013)
GDP Per Capita, PPP (current international $) $1,775 (2013)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 84/192 (2013)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 7.871% (2013)
External debt stocks, total (DOD, current US$) $13,024 million (2013)
Total tax rate (% of commercial profits) 44.3% (2014)
Real Interest Rate (5 year average %) 4.193% (2013)
Manufacturing, value added (% of GDP) 9.299% (2013)
Current Account Balance (BoP, current US$) $-4,703,438,387 (2013)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 24,201,498 (2013)
Employment in Agriculture (% of total employment) 76.5% (2006)
Employment in Industry (% of total employment) 4.3% (2006)
Employment in Services (% of total employment) 19.2% (2006)
Unemployment Rate 3.5% (2013)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $14,195 million (2013)
Exports of goods and services (current US$) $8,215 million (2013)
Total Merchandise Trade (% of GDP) 51.678% (2013)
FDI, net inflows (BoP, current US$) $1,872 million (2013)
Commercial Service Exports (current US$) $2,599,230,656 (2012)
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