Tanzania Economic Statistics and Indicators

26, Apr 2015, EDT. Welcome to the Tanzania economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Tanzania › Change country
National or Regional Currency: Tanzanian Shilling, TZS
Year of data: 2014 › Change year
Number of Indicators Listed: 33
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 49,639,138 ; note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2014 est.)
Area: total: 947,300 sq km ; land: 885,800 sq km ; water: 61,500 sq km ; note: includes the islands of Mafia, Pemba, and Zanzibar
Natural Resources: hydropower, tin, phosphates, iron ore, coal, diamonds, gemstones, gold, natural gas, nickel
Capital: name: Dar es Salaam; note - legislative offices have been transferred to Dodoma, which is planned as the new national capital, and the National Assembly now meets there on a regular basis; the executive branch with all ministries and diplomatic representation remains in Dar es Salaam ; geographic coordinates: 6 48 S, 39 17 E ; time difference: UTC+3 (8 hours ahead of Washington, DC, during Standard Time)

Tanzania is one of the world's poorest economies in terms of per capita income, however, it has achieved high overall growth rates based on gold production and tourism. Tanzania has largely completed its transition to a liberalized market economy, though the government retains a presence in sectors such as telecommunications, banking, energy, and mining. The economy depends on agriculture, which accounts for more than one-quarter of GDP, provides 85% of exports, and employs about 80% of the work force. The World Bank, the IMF, and bilateral donors have provided funds to rehabilitate Tanzania's aging economic infrastructure, including rail and port infrastructure that are important trade links for inland countries. Recent banking reforms have helped increase private-sector growth and investment, and the government has increased spending on agriculture to 7% of its budget. The financial sector in Tanzania has expanded in recent years and foreign-owned banks account for about 48% of the banking industry's total assets. Competition among foreign commercial banks has resulted in significant improvements in the efficiency and quality of financial services, though interest rates are still relatively high, reflecting high fraud risk. All land in Tanzania is owned by the government, which can lease land for up to 99 years. Proposed reforms to allow for land ownership, particularly foreign land ownership, remain unpopular. Continued donor assistance and solid macroeconomic policies supported a positive growth rate, despite the world recession. In 2008, Tanzania received the world's largest Millennium Challenge Compact grant, worth $698 million, and in December 2012 the Millennium Challenge Corporation selected Tanzania for a second Compact. Dar es Salaam used fiscal stimulus and loosened monetary policy to ease the impact of the global recession. GDP growth in 2009-13 was a respectable 6-7% per year due to high gold prices and increased production.
More on the Tanzania Economy
More on the Tanzania Export, Import and Trade

Economic Indicator Listing
  For Tanzania in year 2014 Indicator Value
GDP Growth (Constant Prices, National Currency) 7.213 %
GDP (Current Prices, National Currency)TZS 60,128.82 Billion.
GDP (Current Prices, US Dollars)US$ 36.62 Billion
GDP Deflator 273.722 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)TZS 460,863.26 .
GDP Per Capita (Current Prices, National Currency)TZS 1,261,485.48 .
GDP Per Capita (Current Prices, US Dollars)US$ 768.27
GDP (PPP), US DollarsUS$ 92.532 Billion
GDP Per Capita (PPP), US DollarsUS$ 1,941.30
GDP Share of World Total (PPP) 0.086 %
Implied PPP Conversion Rate 649.816
Investment (% of GDP) 31.546 %
Gross National Savings (% of GDP) 17.824 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 283.435 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 5.872 %
Inflation, End of Year (Indexed to Year 2000) 283.976 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 5.022 %
Import Volume of All Items Including Goods and Services (Percent Change) 9.408 %
Import Volumes of Goods Only (Percent Change) 9.408 %
Export Volume of All Items Including Goods and Services (Percent Change) 12.839 %
Export Volumes of Goods Only (Percent Change) 12.839 %
Population 47.665 Million
General government revenue (National Currency)TZS 12,907.01 Billions.
General government revenue (% of GDP) 21.466 %
General government total expenditure (National Currency)TZS 15,906.01 Billions.
General government total expenditure (% of GDP) 26.453 %
Total Government Net Lending/ Borrowing (National Currency)TZS -2,999.00 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -4.988 %
Fiscal Year Gross Domestic Product, Current PricesTZS 60,128.82 Billions.
Current Account Balance (US Dollars)US$ -5.025 Billion
Current Account Balance (% GDP) -13.723 %
Economic Indicators for Tanzania 2014

GDP (Constant Prices, National Currency) for Tanzania in year 2014 is TZS 21,967.09 Billion.

GDP Growth (Constant Prices, National Currency) for Tanzania in year 2014 is 7.213 %.

GDP (Current Prices, National Currency) for Tanzania in year 2014 is TZS 60,128.82 Billion.

GDP (Current Prices, US Dollars) for Tanzania in year 2014 is US$ 36.62 Billion.

GDP Deflator for Tanzania in year 2014 is 273.722 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Tanzania in year 2014 is TZS 460,863.26 .

GDP Per Capita (Current Prices, National Currency) for Tanzania in year 2014 is TZS 1,261,485.48 .

GDP Per Capita (Current Prices, US Dollars) for Tanzania in year 2014 is US$ 768.27 .

GDP (PPP), US Dollars for Tanzania in year 2014 is US$ 92.532 Billion.

GDP Per Capita (PPP), US Dollars for Tanzania in year 2014 is US$ 1,941.30 .

GDP Share of World Total (PPP) for Tanzania in year 2014 is 0.086 %.

Implied PPP Conversion Rate for Tanzania in year 2014 is 649.816 .

Investment (% of GDP) for Tanzania in year 2014 is 31.546 %.

Gross National Savings (% of GDP) for Tanzania in year 2014 is 17.824 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Tanzania in year 2014 is 283.435 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Tanzania in year 2014 is 5.872 %.

Inflation, End of Year (Indexed to Year 2000) for Tanzania in year 2014 is 283.976 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Tanzania in year 2014 is 5.022 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Tanzania in year 2014 is 9.408 %.

Import Volumes of Goods Only (Percent Change) for Tanzania in year 2014 is 9.408 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Tanzania in year 2014 is 12.839 %.

Export Volumes of Goods Only (Percent Change) for Tanzania in year 2014 is 12.839 %.

Population for Tanzania in year 2014 is 47.665 Million .

General government revenue (National Currency) for Tanzania in year 2014 is TZS 12,907.01 Billions.

General government revenue (% of GDP) for Tanzania in year 2014 is 21.466 %.

General government total expenditure (National Currency) for Tanzania in year 2014 is TZS 15,906.01 Billions.

General government total expenditure (% of GDP) for Tanzania in year 2014 is 26.453 %.

Total Government Net Lending/ Borrowing (National Currency) for Tanzania in year 2014 is TZS -2,999.00 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Tanzania in year 2014 is -4.988 %.

Fiscal Year Gross Domestic Product, Current Prices for Tanzania in year 2014 is TZS 60,128.82 Billions.

Current Account Balance (US Dollars) for Tanzania in year 2014 is US$ -5.025 Billion.

Current Account Balance (% GDP) for Tanzania in year 2014 is -13.723 %.

* Source: IMF
Aggregate Indicators for Tanzania
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Tanzania
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Tanzania
  Natural Resources, Agricultural Products, Land Use and Water Use for Tanzania
  Nationality, Ethnic Groups, Languages and Religions for Tanzania
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Tanzania
  Age Structure, Median Age, Gender and Urbanization for Tanzania
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Tanzania
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Tanzania
  HIV, AIDS and Other Major Infectious Disease Rates for Tanzania
  Literacy Rate, Educational Expenditure and School Life Expectancy for Tanzania
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Tanzania
  Industries and Industrial Growth Production Rate for Tanzania
  Labor Force by Occupation for Tanzania
  Poverty Line, Gini Index, Household Income and Consumption for Tanzania
  National Budget and Public Debt for Tanzania
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Tanzania
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Tanzania
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Tanzania
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Tanzania
  Foreign Exchange Reserves and Gold Reserves for Tanzania
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Tanzania
  Exchange Rate Statistics for Tanzania
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Tanzania
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Tanzania
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Tanzania
  Television and Radio Statistics (TV Stats, Radio Stats) for Tanzania
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Tanzania
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Tanzania
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Tanzania
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Tanzania
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Tanzania
* Source: CIA
Internet Indicators for Tanzania
Indicators
  Number of Internet Users for Tanzania
  Internet Penetration Rate for Tanzania
  Number of Facebook Accounts for Tanzania
  Facebook Penetration Rate for Tanzania
* Source: IWS
Economic Freedom Indicators for Tanzania
Indicators
  Economic Freedom World Rank for Tanzania
  Economic Freedom Regional Ranking for Tanzania
  Business Freedom for Tanzania
  Trade Freedom for Tanzania
  Fiscal Freedom for Tanzania
  Government Spending for Tanzania
  Monetary Freedom for Tanzania
  Investment Freedom for Tanzania
  Financial Freedom for Tanzania
  Property Rights for Tanzania
  Freedom from Corruption for Tanzania
  Labor Freedom for Tanzania
  Tariff Rate for Tanzania
  Income Tax Rate for Tanzania
  Corporate Tax Rate for Tanzania
  Tax Burden % of GDP for Tanzania
  Government Expenditure % of GDP for Tanzania
* Source: HFO
Corruption Perceptions Index Rank and Score for Tanzania
Indicator
  Corruption Perceptions Index Rank and Score for Tanzania
* Source: TIO
Tanzania Economic Indicators in other Years
  Tanzania Economic Indicators for Year 2019 (Forecast)
  Tanzania Economic Indicators for Year 2018 (Forecast)
  Tanzania Economic Indicators for Year 2017 (Forecast)
  Tanzania Economic Indicators for Year 2016 (Forecast)
  Tanzania Economic Indicators for Year 2015 (Forecast)
Tanzania Economic Indicators for Year 2014 (Current)
  Tanzania Economic Indicators for Year 2013
  Tanzania Economic Indicators for Year 2012
  Tanzania Economic Indicators for Year 2011
  Tanzania Economic Indicators for Year 2010
  Tanzania Economic Indicators for Year 2009
  Tanzania Economic Indicators for Year 2008
  Tanzania Economic Indicators for Year 2007
  Tanzania Economic Indicators for Year 2006
  Tanzania Economic Indicators for Year 2005
  Tanzania Economic Indicators for Year 2004
  Tanzania Economic Indicators for Year 2003
  Tanzania Economic Indicators for Year 2002
  Tanzania Economic Indicators for Year 2001
  Tanzania Economic Indicators for Year 2000
  Tanzania Economic Indicators for Year 1999
  Tanzania Economic Indicators for Year 1998
  Tanzania Economic Indicators for Year 1997
  Tanzania Economic Indicators for Year 1996
  Tanzania Economic Indicators for Year 1995
  Tanzania Economic Indicators for Year 1994
  Tanzania Economic Indicators for Year 1993
  Tanzania Economic Indicators for Year 1992
  Tanzania Economic Indicators for Year 1991
  Tanzania Economic Indicators for Year 1990
  Tanzania Economic Indicators for Year 1989
  Tanzania Economic Indicators for Year 1988
  Tanzania Economic Indicators for Year 1987
  Tanzania Economic Indicators for Year 1986
  Tanzania Economic Indicators for Year 1985
  Tanzania Economic Indicators for Year 1984
  Tanzania Economic Indicators for Year 1983
  Tanzania Economic Indicators for Year 1982
  Tanzania Economic Indicators for Year 1981
  Tanzania Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International