Tanzania
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| Introduction - Tanzania: | | Location - Tanzania: | | People - Tanzania: | | Government - Tanzania: | | Economy - Tanzania: | 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 The World Bank, the IMF, and bilateral donors have provided funds to rehabilitate Tanzanias out-of-date economic infrastructure and to alleviate poverty.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 purchasing power parity | $29.62 billion (2006 est.) | | Gdp official exchange rate | $13.13 billion (2006 est.) | | Gdp real growth rate | 5.8% (2006 est.) | | Gdp per capita ppp | $800 (2006 est.) | | Gdp composition by sector | agriculture: 43.3%
industry: 17.7%
services: 39% (2006 est.) | | Labor force | 19.35 million (2006 est.) | | Labor force by occupation | agriculture: 80%
industry and services: 20% (2002 est.) | | Unemployment rate | NA% | | Population below poverty line | 36% (2002 est.) | | Household income or consumption by percentage share | lowest 10%: 2.8%
highest 10%: 30.1% (1993) | | Distribution of family income gini index | 38.2 (1993) | | Inflation rate consumer prices | 5.9% (2006 est.) | | Investment gross fixed | 19% of GDP (2006 est.) | | Budget | revenues: $2.431 billion
expenditures: $3.001 billion; including capital expenditures of $NA (2006 est.) | | Public debt | 30.5% of GDP (2006 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 | | 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.) | | Natural gas consumption | 0 cu m (2004 est.) | | Natural gas proved reserves | 22.65 billion cu m (1 January 2005 est.) | | Current account balance | -$906 million (2006 est.) | | 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) | | Reserves of foreign exchange and gold | $2.375 billion (2006 est.) | | Debt external | $4.61 billion (2006 est.) | | Economic aid recipient | $1.2 billion (2001) | | Currency code | Tanzanian shilling (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) | |
| Communications - Tanzania: | | Transportation - Tanzania: | | Military - Tanzania: |
This page was last updated on 16 September, 2007
Source: CIA >>> |
