| People | Tanzania |
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Economy - overview:
|
Tanzania is one of the poorest countries in the world. The economy depends heavily on agriculture, which accounts for more than 40% of GDP, provides 85% of exports, and employs 80% of the work force. Topography and climatic conditions, however, limit cultivated crops to only 4% of the land area. Industry traditionally featured the processing of agricultural products and light consumer goods. The World Bank, the IMF, and bilateral donors have provided funds to rehabilitate Tanzania's out-of-date economic infrastructure and to alleviate poverty. Long-term growth through 2005 featured a pickup in industrial production and a substantial increase in output of minerals led by gold. Recent banking reforms have helped increase private-sector growth and investment. Continued donor assistance and solid macroeconomic policies supported real GDP growth of nearly 7% in 2007. |
GDP (purchasing power parity):
|
$43.49 billion (2007 est.) |
GDP (official exchange rate):
|
$14.11 billion (2007 est.) |
GDP - real growth rate:
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6.9% (2007 est.) |
GDP - per capita (PPP):
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$1,100 (2007 est.) |
GDP - composition by sector:
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agriculture: 42.8%
industry: 18.4%
services: 38.7% (2007 est.) |
Investment (gross fixed):
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18.4% of GDP (2007 est.) |
Population below poverty line:
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36% (2002 est.) |
Household income or consumption by percentage share:
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lowest 10%: 2.9%
highest 10%: 26.9% (2000) |
Distribution of family income - Gini index:
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34.6 (2000) |
Inflation rate (consumer prices):
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7% (2007 est.) |
Labor force:
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19.69 million (2007 est.) |
Labor force participation rate:
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48.96 % of population |
Labor force - by occupation:
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agriculture: 80%
industry and services: 20% (2002 est.) |
Unemployment rate:
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NA% |
Budget:
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revenues: $3.124 billion
expenditures: $3.549 billion (2007 est.) |
Budget revenues per capita:
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78 USD per capita |
Public debt:
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23.6% of GDP (2007 est.) |
Industries:
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agricultural processing (sugar, beer, cigarettes, sisal twine); diamond, gold, and iron mining, salt, soda ash; cement, oil refining, shoes, apparel, wood products, fertilizer |
Industrial production growth rate:
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8.2% (2007 est.) |
Electricity - production:
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1.88 billion kWh (2005) |
Electricity - production per capita:
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47 kWh per capita |
Electricity - consumption:
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1.199 billion kWh (2005) |
Electricity - consumption - per capita:
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30 kWh per capita |
Electricity - exports:
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0 kWh (2005) |
Electricity - imports:
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136 million kWh (2005) |
Oil - production:
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0 bbl/day (2005 est.) |
Oil - production per capita:
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void |
Oil - consumption:
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25,000 bbl/day (2005 est.) |
Oil - consumption - per capita:
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0.23 bbl/year per capita |
Oil - exports:
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0 bbl/day (2004) |
Oil - imports:
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24,800 bbl/day (2004) |
Oil - proved reserves:
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0 bbl (1 January 2006 est.) |
Natural gas - production:
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0 cu m (2005 est.) |
Natural gas - production per capita:
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void |
Natural gas - consumption:
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0 cu m (2005 est.) |
Natural gas - consumption - per capita:
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void |
Natural gas - exports:
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0 cu m (2005 est.) |
Natural gas - imports:
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0 cu m (2005) |
Natural gas - proved reserves:
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21.73 billion cu m (1 January 2006 est.) |
Agriculture - products:
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coffee, sisal, tea, cotton, pyrethrum (insecticide made from chrysanthemums), cashew nuts, tobacco, cloves, corn, wheat, cassava (tapioca), bananas, fruits, vegetables; cattle, sheep, goats |
Current account balance:
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-$1.422 billion (2007 est.) |
Current account balance - per capita:
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-35 USD per capita |
Exports:
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$2.119 billion f.o.b. (2007 est.) |
Exports per capita:
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53 USD per capita |
Exports - commodities:
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gold, coffee, cashew nuts, manufactures, cotton |
Exports - partners:
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China 8.8%, India 8.8%, Netherlands 6.2%, Japan 5.3%, UAE 4.2%, Germany 4.2% (2006) |
Imports:
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$4.591 billion f.o.b. (2007 est.) |
Imports per capita:
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115 USD per capita |
Imports - commodities:
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consumer goods, machinery and transportation equipment, industrial raw materials, crude oil |
Imports - partners:
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South Africa 9.8%, China 9.4%, Kenya 7.8%, India 6.7%, UAE 5.9%, Zambia 5.7% (2006) |
Reserves of foreign exchange and gold:
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$2.441 billion (31 December 2007 est.) |
Reserves of foreign exchange and gold - per capita:
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61 USD per capita |
Debt - external:
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$4.984 billion (31 December 2007 est.) |
Debt - external - per capita:
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124 USD per capita |
Stock of direct foreign investment - at home:
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$NA |
Stock of direct foreign investment - abroad:
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$NA |
Market value of publicly traded shares:
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$587.9 million (2005) |
Economic aid - donor:
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void |
Economic aid - recipient:
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$1.505 billion (2005) |
Economic aid - recipient per capita:
|
38 USD per capita |
Currency (code):
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Tanzanian shilling (TZS) |
Exchange rates:
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Tanzanian shillings per US dollar - 1,255 (2007), 1,251.9 (2006), 1,128.93 (2005), 1,089.33 (2004), 1,038.42 (2003) |
Fiscal year:
|
1 July - 30 June |
|
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