Tanzania

Tanzania is one of the world’s poorest economies in terms of per capita income, however, Tanzania average 7% GDP growth per year between 2000 and 2008 on strong gold production and tourism. The economy depends heavily on agriculture, which accounts for more than one-fourth of GDP, provides 85% of exports, and employs about 60% 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. 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. Dar es Salaam used fiscal stimulus and loosened monitary policy to ease the impact of the global recession. GDP growth in 2009-10 was a respectable 6% per year due to high gold prices and increased production.

$62.22 billion (2010 est.)

$58.48 billion (2009 est.)

$55.17 billion (2008 est.)

$22.43 billion (2010 est.)

6.4% (2010 est.)

6% (2009 est.)

7.4% (2008 est.)

$1,500 (2010 est.)

$1,400 (2009 est.)

$1,400 (2008 est.)

21.86 million (2010 est.)

NA%

36% (2002 est.)

34.6 (2000)

38.2 (1993)

17.4% of GDP (2010 est.)

23.3% of GDP (2010 est.)

21.4% of GDP (2009 est.)

7.2% (2010 est.)

12.1% (2009 est.)

3.7% (31 December 2009)

15.99% (31 December 2008)

15.03% (31 December 2009 est.)

14.98% (31 December 2008 est.)

$3.394 billion (31 December 2010 est)

$2.972 billion (31 December 2009 est)

$7.44 billion (31 December 2010 est.)

$6.65 billion (31 December 2009 est.)

$4.163 million (31 December 2010 est.)

$3.878 million (31 December 2009 est.)

$NA (31 December 2009)

$1.293 billion (31 December 2008)

$541.1 million (31 December 2006)

coffee, sisal, tea, cotton, pyrethrum (insecticide made from chrysanthemums), cashew nuts, tobacco, cloves, corn, wheat, cassava (tapioca), bananas, fruits, vegetables; cattle, sheep, goats

agricultural processing (sugar, beer, cigarettes, sisal twine); diamond, gold, and iron mining, salt, soda ash; cement, oil refining, shoes, apparel, wood products, fertilizer

7% (2010 est.)

3.786 billion kWh (2007 est.)

3.182 billion kWh (2007 est.)

0 kWh (2008 est.)

200 million kWh (2007 est.)

0 bbl/day (2009 est.)

34,000 bbl/day (2009 est.)

0 bbl/day (2007 est.)

28,070 bbl/day (2007 est.)

0 bbl (1 January 2010 est.)

560.7 million cu m (2008 est.)

560.7 million cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

6.513 billion cu m (1 January 2010 est.)

-$1.523 billion (2010 est.)

-$1.746 billion (2009 est.)

$3.809 billion (2010 est.)

$3.365 billion (2009 est.)

gold, coffee, cashew nuts, manufactures, cotton

India 8.51%, China 7.55%, Japan 7.12%, Netherlands 6.21%, UAE 5.71%, Germany 5.17% (2009)

$6.334 billion (2010 est.)

$5.834 billion (2009 est.)

consumer goods, machinery and transportation equipment, industrial raw materials, crude oil

India 13.97%, China 13.71%, South Africa 7.8%, Kenya 6.89%, UAE 4.65%, Japan 4.34% (2009)

$3.687 billion (31 December 2010 est.)

$3.206 billion (31 December 2009 est.)

$7.576 billion (31 December 2010 est.)

$6.879 billion (31 December 2009 est.)

$NA

$NA

Tanzanian shillings (TZS) per US dollar - 1,423.3 (2010), 1,320.3 (2009), 1,178.1 (2008), 1,255 (2007), 1,251.9 (2006)