Back اقتصاد تنزانيا Arabic Economia de Tanzània Catalan Wirtschaft Tansanias German Οικονομία της Τανζανίας Greek Economía de Tanzania Spanish Économie de la Tanzanie French Economía de Tanzania Galician Gospodarstvo Tanzanije Croatian Տանզանիայի տնտեսություն Armenian Ekonomio di Tanzania IO
.jpg) Dar es Salaam, the financial centre of Tanzania | |
| Currency | Tanzanian shilling (TSh) |
|---|---|
| 1 July – 30 June | |
Trade organisations | AU, AfCFTA (signed), EAC, SADC, WTO |
Country group |
|
| Statistics | |
| Population |  61,741,120 (2022)[3] |
| GDP | |
| GDP rank | |
GDP growth |
|
GDP per capita | |
GDP per capita rank | |
GDP by sector |
|
| 3.9% (2020 est.)[8] | |
| 12% (2014)[9] | |
Population below poverty line | |
| 40.5 medium (2017)[12] | |
Labour force | |
Labour force by occupation | Agriculture: 50%[17]: page 56 |
| Unemployment | 2.2% (2017)[18] |
Main industries | agricultural processing (sugar, beer, cigarettes, sisal twine); mining (diamonds, gold, and iron), salt, soda ash; cement, oil refining, shoes, apparel, wood products, fertilizer[7] |
| External | |
| Exports | $5.6685 billion (105th; October 2015)[19] |
Export goods | gold, tobacco, cashews, sesame seeds, refined petroleum |
Main export partners |  India 20% United Arab Emirates 13% China 8% Switzerland 7% Rwanda 6% Kenya 5% Vietnam 5% (2019)[20] |
| Imports |  $10.441 billion (FOB; October 2015)[19] |
Import goods | refined petroleum, palm oil, packaged medicines, cars, wheat |
Main import partners | China 34% India 15% United Arab Emirates 12% (2019)[20] |
FDI stock | $12.715 billion (2013)[21] |
| –4.002 billion (October 2015)[19] | |
Gross external debt | $15.4 billion (October 2015)[19] |
| Public finances | |
 37% of GDP (2017 est.)[7] | |
| –1.8% (of GDP) (2017 est.)[7] | |
| Revenues | $12.88 billion (2022 est.) |
| Expenses | $14.91 billion (2022 est.) |
| Economic aid | $490 million (recipient; 2014)[22] |
| n/a (TBD) | |
| $4,383.6 million (4.5 months of imports; 2013)[19] | |
All values, unless otherwise stated, are in US dollars. | |
The economy of Tanzania is a lower-middle income economy[23][24] that is overwhelmingly dependent on agriculture.[25] Tanzania's economy has been transitioning from a planned economy to a market economy since 1985. Although total GDP has increased since these reforms began, GDP per capita dropped sharply at first, and only exceeded the pre-transition figure in around 2007.[26]
Following the rebasing of the economy in 2014, the GDP increased by a third to $41.33 billion.[27]
In 2020, the real GDP of Tanzania grew by 4.8% reaching US$64.4 billion versus US$60.8 billion in 2019. This growth made it the 2nd largest economy in East Africa after Kenya, and the 7th largest in Sub-Saharan Africa.[28]
It has sustained relatively high economic growth compared to global trends, as is characteristic of African nations. According to World Bank data, the last 5 years have seen the slowest growth since 2000. The medium-term outlook is so far positive, with growth projected at 6 percent in 2020/21, which is supported by large infrastructure spending.[29][30]
The World Bank (WB) expects the economic growth of Tanzania to slow to 2.5% in 2020[31] due to the COVID-19 pandemic which has affected the labor market, the production capacity, and productivity. Tourism has halted, and exports of manufacturing and agricultural goods slumped.
On 7 September 2021, the IMF approved US$567.25 million in emergency financial assistance to support Tanzania’s efforts in responding to the COVID-19 pandemic[32] by addressing the urgent health, humanitarian, and economic costs.
The IMF projects a GDP growth for Tanzania of +4.0% and +5.1% in 2021 and 2022,[33] and 6.0% in 2026.
According to the World Bank, the GDP of Tanzania expanded by 4.6% in 2022, up from 4.3% in 2021.
The value of Tanzania's GDP at current prices reached USD 75.5 billion in 2022.[34]
The World Bank projects Tanzania's GDP growth to reach 5.1% in 2023.
- ^ "World Economic Outlook Database, April 2019". IMF.org. International Monetary Fund. Retrieved 29 September 2019.
- ^ "World Bank Country and Lending Groups". datahelpdesk.worldbank.org. World Bank. Retrieved 1 July 2020.
- ^ Census Information
- ^ a b c "World Economic Outlook Database, October 2023". IMF.org. International Monetary Fund. Retrieved 11 October 2023.
- ^ "World Economic Outlook Database, October 2023". IMF.org. International Monetary Fund. Retrieved 11 October 2023.
- ^ Global Economic Prospects, June 2020. World Bank. 8 June 2020. p. 80. doi:10.1596/978-1-4648-1553-9. ISBN 978-1-4648-1553-9. S2CID 225749731. Retrieved 1 July 2020.
{{cite book}}:|website=ignored (help) - ^ a b c d "AFRICA :: TANZANIA". CIA.gov. Central Intelligence Agency. Retrieved 16 March 2020.
- ^ "World Economic Outlook Database, April 2020". IMF.org. International Monetary Fund. Retrieved 1 July 2020.
- ^ "BoT: Weighted Average Interest Rate Structure" (PDF). Bank of Tanzania. 2014. Retrieved 9 December 2014.
- ^ "Poverty headcount ratio at national poverty lines (% of population) - Tanzania". data.worldbank.org. World Bank. Retrieved 21 March 2020.
- ^ "Poverty headcount ratio at $3.20 a day (2011 PPP) (% of population) - Tanzania". data.worldbank.org. World Bank. Retrieved 1 July 2020.
- ^ "GINI index (World Bank estimate) - Tanzania". data.worldbank.org. World Bank. Retrieved 21 March 2020.
- ^ "Human Development Index (HDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 11 December 2019.
- ^ "Inequality-adjusted HDI (IHDI)". hdr.undp.org. UNDP. Retrieved 22 May 2023.
- ^ "Labor force, total - Tanzania". data.worldbank.org. World Bank & ILO. Retrieved 11 July 2023.
- ^ "Employment to population ratio, 15+, total (%) (national estimate) - Tanzania". data.worldbank.org. World Bank & ILO. Retrieved 17 March 2020.
- ^ "Statistical Abstract 2013, National Bureau of Statistics, Tanzania Ministry of Finance, July 2014, accessed 22 October 2014" (PDF). Archived from the original (PDF) on 17 April 2015.
- ^ Human Development Data (1990–2017). (30 January 2019). Human Development Reports. Retrieved from http://hdr.undp.org/en/data#a%7C
- ^ a b c d e "BoT: Monthly Economic Review" (PDF). Bank of Tanzania. November 2015. Archived from the original (PDF) on 25 March 2021. Retrieved 1 January 2016.
- ^ a b "The World Factbook". CIA.gov. Central Intelligence Agency. Retrieved 23 October 2022.
- ^ "World Investment Report 2014: Investing in the SDGs: An Action Plan" (PDF). UNCTAD. 2014. p. 210. Retrieved 9 December 2014.
- ^ "UK and international donors suspend Tanzania aid after corruption claims". The Guardian. 13 October 2014. Retrieved 9 December 2014.
- ^ "New World Bank country classifications by income level: 2020-2021". World Bank. 1 July 2020.
- ^ "Tanzania joins middle income status ahead of schedule". The Citizen. 2 July 2020.
- ^ Mascarenhas, Adolfo C.; Bryceson, Deborah Fahy; Ingham, Kenneth; Chiteji, Frank Matthew (8 September 2020). "Tanzania". Britannica. Encyclopædia Britannica. Retrieved 1 November 2020.
- ^ "Tanzania: The Story of an African Transition" (PDF). International Monetary Fund. 2009.
- ^ "UPDATE 2-Tanzania's GDP expands by 32 pct after rebasing – officials". Reuters. 19 December 2014. Archived from the original on 19 December 2014. Retrieved 19 December 2014.
- ^ "The Economy of Tanzania - 2021 Update". TanzaniaInvest. Retrieved 26 January 2021.
- ^ "Tanzania's economy on the rise in 2020". Expogr. Retrieved 26 June 2020.
- ^ "Tanzania, Kenya among the top 10 economies in Africa". The Citizen. 12 June 2020.
- ^ "Overview". World Bank. Retrieved 26 January 2021.
- ^ "IMF Approves USD 567.25 M to Help Tanzania Tackle Covid-19 Pandemic". TanzaniaInvest. 8 September 2021. Retrieved 2 November 2021.
- ^ "The Economy of Tanzania in 2021 and 2022 - Nov 2021 Update". TanzaniaInvest. Retrieved 2 November 2021.
- ^ "Tanzania Economy Archives". TanzaniaInvest. Retrieved 29 April 2023.
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