Tanzania: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Low Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Data unavailable |
| Economic Trivia | Tanzania is the third-largest producer of gold in Africa. |
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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 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) | $3,097 (2022) |
GDP Country Rank 75/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 4.35% (2022) |
| External debt stocks, total (DOD, current US$) | $28,489,861,554 (2021) |
| Total tax rate (% of commercial profits) | 43.8% (2019) |
| Real Interest Rate (5 year average %) | 9.638% (2020) |
| Manufacturing, value added (% of GDP) | 8.187% (2022) |
| Current Account Balance (BoP, current US$) | ($1,121,982,598) (2020) |
Labor and Employment [1]
| Labor Force, Total | 30,643,514 (2022) |
| Employment in Agriculture (% of total employment) | 64.266% (2021) |
| Employment in Industry (% of total employment) | 7.248% (2021) |
| Employment in Services (% of total employment) | 28.486% (2021) |
| Unemployment Rate | 2.762% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $14,838,629,593 (2022) |
| Exports of goods and services (current US$) | $11,675,414,128 (2022) |
| Total Merchandise Trade (% of GDP) | 27.843% (2022) |
| FDI, net inflows (BoP, current US$) | $1,111,461,438 (2022) |
| Commercial Service Exports (current US$) | $2,179,571,943 (2020) |
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.