| 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 The World Bank, the IMF, and bilateral donors have provided funds to rehabilitate Tanzania's out-of-date economic infrastructure and to alleviate poverty.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. |
| GDP - real growth rate: |
5.8% (2006 est.) |
| GDP (purchasing power parity): |
$29.62 billion (2006 est.) |
| GDP (official exchange rate): |
$13.13 billion (2006 est.) |
| GDP - per capita (PPP): |
$800 (2006 est.) |
| GDP - composition by sector: |
agriculture: 43.3%
industry: 17.7%
services: 39% (2006 est.) |
| Population below poverty line: |
36% (2002 est.) |
| Household income or consumption by percentage share: |
lowest 10%: 2.8%
highest 10%: 30.1% (1993) |
| Inflation rate (consumer prices): |
5.9% (2006 est.) |
| Labor force: |
19.35 million (2006 est.) |
| Labor force - by occupation: |
agriculture: 80%
industry and services: 20% (2002 est.) |
| Unemployment rate: |
NA |
| Budget: |
revenues: $2.431 billion
expenditures: $3.001 billion; including capital expenditures of NA (2006 est.) |
| Industries: |
agricultural processing (sugar, beer, cigarettes, sisal twine); diamond, gold, and iron mining, salt, soda ash; cement, oil refining, shoes, apparel, wood products, fertilizer |
| Industrial production growth rate: |
8.4% (1999 est.) |
| Electricity - production: |
2.562 billion kWh (2004) |
| Electricity - consumption: |
2.383 billion kWh (2004) |
| Electricity - exports: |
0 kWh (2004) |
| Electricity - imports: |
0 kWh (2004) |
| Oil - production: |
0 bbl/day (2004 est.) |
| Oil - consumption: |
23,000 bbl/day (2004 est.) |
| Oil - exports: |
NA bbl/day |
| Oil - imports: |
NA bbl/day |
| Oil - proved reserves: |
0 bbl (1 January 2005) |
| Natural gas - production: |
0 cu m (2004 est.) |
| Agriculture - products: |
coffee, sisal, tea, cotton, pyrethrum (insecticide made from chrysanthemums), cashew nuts, tobacco, cloves, corn, wheat, cassava (tapioca), bananas, fruits, vegetables; cattle, sheep, goats |
| Exports: |
$1.831 billion f.o.b. (2006 est.) |
| Exports - commodities: |
gold, coffee, cashew nuts, manufactures, cotton |
| Exports - partners: |
China 8.9%, India 8.8%, Netherlands 6.2%, Japan 5.4%, Zambia 4.7%, UAE 4.3%, Germany 4.2% (2006) |
| Imports: |
$3.18 billion f.o.b. (2006 est.) |
| Imports - commodities: |
consumer goods, machinery and transportation equipment, industrial raw materials, crude oil |
| Imports - partners: |
South Africa 10%, China 9.6%, Kenya 8%, India 6.9%, UAE 6.1%, US 4% (2006) |
| Debt - external: |
$4.61 billion (2006 est.) |
| Economic aid - recipient: |
$1.2 billion (2001) |
| Currency: |
Tanzanian Schilling (TZS) |
| Currency code: |
TZS |
| Exchange rates: |
Tanzanian shillings per US dollar - 1,251.9 (2006), 1,128.93 (2005), 1,089.33 (2004), 1,038.42 (2003), 966.58 (2002) |
| Fiscal year: |
1 July - 30 June |
