Tanzania Economic Statistics and Indicators
02, Jul 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 $698 million, and in December 2012 the Millennium Challenge Corporation selected Tanzania for a second Compact. Dar es Salaam used fiscal stimulus and loosened monetary policy to ease the impact of the global recession. GDP growth in 2009-13 was a respectable 6-7% per year due to high gold prices and increased production.
More on the Tanzania Economy
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GDP (Constant Prices, National Currency) for Tanzania in year 2014 is TZS 21,967.09 Billion.
GDP (Current Prices, National Currency) for Tanzania in year 2014 is TZS 60,128.82 Billion.
GDP (Current Prices, US Dollars) for Tanzania in year 2014 is US$ 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 (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 .
Investment (% of GDP) for Tanzania in year 2014 is 31.546 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Tanzania in year 2014 is 283.435 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Tanzania in year 2014 is 283.976 (Index, Base Year 2000 = 100).
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 total expenditure (National Currency) for Tanzania in year 2014 is TZS 15,906.01 Billions.
Total Government Net Lending/ Borrowing (National Currency) for Tanzania in year 2014 is TZS -2,999.00 Billions.
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.
|Number of Internet Users for Tanzania|
|Internet Penetration Rate for Tanzania|
|Number of Facebook Accounts for Tanzania|
|Facebook Penetration Rate for Tanzania|
|Corruption Perceptions Index Rank and Score for Tanzania|
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International