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FACTS & STATISTICS
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Agriculture > products
coffee, sisal, tea, cotton, pyrethrum (insecticide made from chrysanthemums), cashew nuts, tobacco, cloves, corn, wheat, cassava, bananas, fruits, vegetables; cattle, sheep, goats |
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Budget > Expenditures
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$107.00
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[107th of 221]
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Currency
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Tanzanian shilling |
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Debt > External
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$99.00
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[99th of 198]
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Distribution of family income > Gini index
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61
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[61st of 122]
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Economic freedom
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110 |
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[110th of 156]
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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 almost half 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 The World Bank, the IMF, and bilateral donors have provided funds to rehabilitate Tanzania's out-of-date economic infrastructure and to alleviate poverty.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 6% in 2006. |
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Exports
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$125.00
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[125th of 221]
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GDP
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94
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...
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[94th of 188]
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GDP > PPP
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$95.00 |
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[95th of 163]
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GDP > Real growth rate
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74 %
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[74th of 211]
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GDP per capita in 1950
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$53.00 |
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[53rd of 52]
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GDP per capita in 1973
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$52.00 |
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[52nd of 52]
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Gross National Income
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$79.00 |
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[79th of 0]
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Human Development Index
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165 |
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[165th of 0]
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Income category
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Low income |
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Inflation rate (consumer prices)
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77 %
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[77th of 219]
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Population below poverty line
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59 %
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[59th of 141]
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Technological achievement
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65 |
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[65th of 68]
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Trade with US > US exports of textile, sewing machines
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103 |
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[103rd of 183]
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... View all Economy stats
SOURCES: ; Expenditures calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
; The national medium of exchange and its basic sub-unit.
; Total public and private debt owed to non-residents repayable in foreign currency, goods, or services.
; This index measures the degree of inequality in the distribution of family income in a country. The index is calculated from the Lorenz curve, in which cumulative family income is plotted against the number of families arranged from the poorest to the ric
; Index of 'economic freedom', according to the American organisation 'The Heritage Foundation'. It is worth noting that such indices are based on highly culturally contingent factors. This data makes a number of assumptions about 'freedom' and the role of the government that are not accepted by much of the world's population. A broad discussion of The Heritage Foundation's definition and methodology can be found at http://www.heritage.org/research/features/index/ChapterPDFs/chapter5.HTML.; This entry briefly describes the type of economy, including the degree of market orientation, the level of economic development, the most important natural resources, and the unique areas of specialization. It also characterizes major economic events and policy changes in the most recent 12 months and may include a statement about one or two key future macroeconomic trends.
; The total US dollar amount of exports on an f.o.b. (free on board) basis.
; GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.; Purchasing Power Parity (PPP) in Millions of International Dollars, 2004.; GDP growth on an annual basis adjusted for inflation and expressed as a percent.
; GNI, Atlas method (current US$). GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and prop).; The human development index values in this table were calculated using a consistent methodology and consistent data series. They are not strictly comparable with those in earlier Human Development Reports.; World Bank income categories are used; This entry furnishes the annual percent change in consumer prices compared with the previous year's consumer prices.
; National estimates of the percentage of the population lying below the poverty line are based on surveys of sub-groups, with the results weighted by the number of people in each group. Definitions of poverty vary considerably among nations. For example, rich nations generally employ more generous standards of poverty than poor nations.
; Technology Achievement Index
Units: Score; US exports of textile, sewing machines, USD Thousands, 2004
ALTERNATIVE NAMES:
Tanzania, United Republic of Tanzania, united rep. of tanzania, Tanzania, U. Rep. of
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