Economy of Tanzania

Imports
Imports commoditiesconsumer goods, machinery and transportation equipment, industrial raw materials, crude oil
Import partnersChina 21.3%, India 16.3%, South Africa 6.4%, Kenya 6%, UAE 5% (2012)
Exports
Exports commoditiesgold, coffee, cashew nuts, manufactures, cotton
Export partnersIndia 15.2%, China 11.1%, Japan 6.2%, Germany 5.1%, UAE 4.8% (2012)
Economy sectors
Agriculture productscoffee, sisal, tea, cotton, pyrethrum (insecticide made from chrysanthemums), cashew nuts, tobacco, cloves, corn, wheat, cassava (tapioca), bananas, fruits, vegetables; cattle, sheep, goats
Industrial productsagricultural processing (sugar, beer, cigarettes, sisal twine); mining (diamonds, gold, and iron), salt, soda ash; cement, oil refining, shoes, apparel, wood products, fertilizer
Economy
Unemployment3.50 % (2012)3.50 % (2011)3.00 % (2010)
Unemployment of Tanzania
GDP - Official Exchange Rate31.9 Billion $ (2013)27.9 Billion $ (2012)23.9 Billion $ (2011)
GDP - Official Exchange Rate of Tanzania
GDP growth rate7.00 % (2013)6.90 % (2012)6.40 % (2011)
GDP growth rate of Tanzania
GDP per Capita (PPP)1,700 $ (2013)1,600 $ (2012)1,600 $ (2011)
GDP per Capita (PPP) of Tanzania
GDP - Purchasing Power Parity79.3 Billion $ (2013)73.1 Billion $ (2012)69.0 Billion $ (2011)
GDP - Purchasing Power Parity of Tanzania
GDP PPP per land area83,701 $ per square kilometer (2013)77,188 $ per square kilometer (2012)72,849 $ per square kilometer (2011)
GDP PPP per land area of Tanzania
ElectricityBanking
Central bank discount rate8.25 % (2010)3.70 % (2009)16.0 % (2008)
Central bank discount rate of Tanzania
Commercial bank prime lending rate13.6 % (2013)15.5 % (2012)15.0 % (2011)
Commercial bank prime lending rate of Tanzania
GDP decomposition by sector
Agriculture % of GDP27.6 % (2013)27.7 % (2012)
Industry % of GDP25.0 % (2013)25.1 % (2012)
Services % of GDP47.4 % (2013)47.2 % (2012)
Tourism
International tourism, number of arrivals1.04 Million (2012)843 Thousand (2011)754 Thousand (2010)
International tourism, number of arrivals of Tanzania
International tourism, number of departures148 Thousand (1996)157 Thousand (1995)
Yearly Tourist arrivals to residents ratio2.18 % (2012)1.97 % (2011)1.68 % (2010)
Yearly Tourist arrivals to residents ratio of Tanzania
Debt, Current Account Balance and Budget Deficit
Public debt (Percentage of GDP)42.7 % of GDP (2013)41.7 % of GDP (2012)37.6 % of GDP (2011)
Public debt (Percentage of GDP) of Tanzania
Current Account Balance (Percentage of GDP)-12.88 % of GDP (2012)-16.72 % of GDP (2011)-8.55 % of GDP (2010)
Current Account Balance (Percentage of GDP) of Tanzania
External Debt Stocks (Percentage of GNI)41.4 % of GNI (2012)42.1 % of GNI (2011)39.8 % of GNI (2010)
External Debt Stocks (Percentage of GNI) of Tanzania
Short-term debt (percentage of total external debt)18.2 % of total external debt (2012)16.2 % of total external debt (2011)16.9 % of total external debt (2010)
Short-term debt (percentage of total external debt) of Tanzania
Current Account Balance (Total)-4.86 Billion $ (2013)-4.20 Billion $ (2012)-3.87 Billion $ (2011)
Current Account Balance (Total) of Tanzania
External Debt (Total)13.8 Billion $ (2013)11.8 Billion $ (2012)10.3 Billion $ (2011)
External Debt (Total) of Tanzania
External Debt (Percentage of GDP)43.3 % of GDP (2013)42.4 % of GDP (2012)43.3 % of GDP (2011)
External Debt (Percentage of GDP) of Tanzania
External Debt per Capita281 $ (2013)247 $ (2012)242 $ (2011)
External Debt per Capita of Tanzania