Population: 49 million in 20131
GDP: $33 billion in 20132
GDP per capita: $695 nominal3 ($1,775 PPP4) in 2013
GDP growth rate: 7.0% in 20135
GDP by Industry 2012
Industry sector | Value added ($ millions) 2012 | Percent of total |
Agriculture, hunting, forestry, fishing | 6,207 | 28.3% |
Other activities | 5,257 | 24.0% |
Wholesale, retail trade, restaurants and hotels | 3,469 | 15.8% |
Manufacturing | 2,005 | 9.1% |
Construction | 1,902 | 8.7% |
Transport, storage and communication | 1,786 | 8.1% |
Mining and utilities | 1,314 | 6.0% |
Total value added | 21,941 | 100% |
Unemployment rate: 3.5% in 20137
Employment by Industry 20028
Employment sector | Percent of total |
Agriculture | 80% |
Industry and services | 20% |
Total | 100% |
Top 10 Corporations by Revenue 20139
N/A
Household Wealth: $22 billion (67% of GDP) in 201410
Household Wealth per Adult: $991 in 201410
Gini Coefficient: .378 in 201211
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
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
Top 10 Financial Institutions by Assets 201322
N/A (data not available at Relbanks.com)
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
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