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ECON FACTBOOK

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Economy of Tanzania

Population: 49 million in 20131

GDP: $33 billion in 20132

GDP per capita: $695 nominal3 ($1,775 PPP4) in 2013

GDP growth rate: 7.0% in 20135

Industries

GDP by Industry 2012

Industry sectorValue added ($ millions) 2012Percent of total
Agriculture, hunting, forestry, fishing6,20728.3%
Other activities5,25724.0%
Wholesale, retail trade, restaurants and hotels3,46915.8%
Manufacturing2,0059.1%
Construction1,9028.7%
Transport, storage and communication1,7868.1%
Mining and utilities1,3146.0%
Total value added21,941100%

Employment

Unemployment rate: 3.5% in 20137

Employment by Industry 20028

Employment sectorPercent of total
Agriculture80%
Industry and services20%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $22 billion (67% of GDP) in 201410

Household Wealth per Adult: $991 in 201410

Gini Coefficient: .378 in 201211

Government

Central Government

Central Government Revenue: $7.1 billion (22% of GDP) in 201312

Central Government Expenditure: $8.9 billion (27% of GDP) in 201312

Central Government Budget Balance: -$1.8 billion (-5% of GDP) in 201312

Central Government Public Debt: $16.2 billion (49% of GDP) in Nov 2014* 13

Central Government 10 Year Bond Interest Rate: 16.5% in Nov 201414

* Public debt calculated using the exchange rate 1,834 TZS = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 15

Corporate Tax Rate: 30% in 201416

* Individual thresholds calculated using the exchange rate 1,835 TZS = 1 USD

Monetary Policy

Money Supply (M1): $4.5 billion (14% of GDP) in Nov 2014* 17

Benchmark Interest Rate: 12% in May 201418

Total Reserves: $4.6 billion (14% of GDP) in 201319

Exchange Rate: 1,835 Tanzanian Shillings = 1 U.S. Dollar on Feb 8, 201520

Inflation: 7.9% in 201321

* Money supply calculated using the exchange rate 1,835 TZS = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201322

N/A (data not available at Relbanks.com)

International Accounts

Exports: $5.9 billion (18% of GDP) in 201323

Imports: $11.2 billion (34% of GDP) in 201323

Trade Balance: -$5.3 billion (-16% of GDP) in 201323

Foreign Direct Investment Inflow: $1.9 billion (6% of GDP) in 201324

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $2.8 billion (8% of GDP)25

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: World Bank Indicators (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Central Bank of Tanzania, Publications, Monthly Economic Review (Public debt) Go back
14. Source: Reuters Africa (Government bond yield) Go back
15. Source: KPMG Fiscal Guide (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: Central Bank of Tanzania, Publications, Monthly Economic Review (Money supply) Go back
18. Source: Reuters (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: xe.com (Exchange rate) Go back
21. Source: World Bank Indicators (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: World Bank Indicators (FDI data) Go back
25. Source: World Bank Indicators (Aid data) Go back