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 (2017): India, China, and South Africa
Top 3 Exported Goods (2017): Precious Stones & Metals, Fruit & Nuts, and Tobacco

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) $163,886,238,965 (2017)
GDP Growth Rate (annual %) 7.104% (2017)
GDP Per Capita, PPP (current international) $2,946 (2017)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 74/195 (2017)

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 %) 5.319% (2017)
External debt stocks, total (DOD, current US$) $18,242,310,338 (2017)
Total tax rate (% of commercial profits) 44.1% (2017)
Real Interest Rate (5 year average %) 9.233% (2016)
Manufacturing, value added (% of GDP) 5.523% (2017)
Current Account Balance (BoP, current US$) ($2,009,048,019) (2016)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 26,306,084 (2017)
Employment in Agriculture (% of total employment) 66.711% (2017)
Employment in Industry (% of total employment) 5.967% (2017)
Employment in Services (% of total employment) 27.322% (2017)
Unemployment Rate 2.215% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $10,775,522,188 (2016)
Exports of goods and services (current US$) $9,284,479,083 (2016)
Total Merchandise Trade (% of GDP) 27.756% (2017)
FDI, net inflows (BoP, current US$) $1,180,400,000 (2017)
Commercial Service Exports (current US$) $3,570,779,323 (2016)
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