Tanzania (2007) | Tanzania (2008) | |
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Budget | revenues: $2.496 billion
expenditures: $3.094 billion (2006 est.) |
revenues: $3.124 billion
expenditures: $3.549 billion (2007 est.) |
Debt - external | $4.786 billion (2006 est.) | $4.984 billion (31 December 2007 est.) |
Diplomatic representation from the US | chief of mission: Ambassador Michael L. RETZER
embassy: 140 Msese Road, Kinondoni District, Dar es Salaam mailing address: P. O. Box 9123, Dar es Salaam telephone: [255] (22) 2666-010 through 2666-015 FAX: [255] (22) 2666-701, 2668-501 |
chief of mission: Ambassador Mark GREEN
embassy: 140 Msese Road, Kinondoni District, Dar es Salaam mailing address: P. O. Box 9123, Dar es Salaam telephone: [255] (22) 2666-010 through 2666-015 FAX: [255] (22) 2666-701, 2668-501 |
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 The World Bank, the IMF, and bilateral donors have provided funds to rehabilitate Tanzania's out-of-date economic infrastructure and to alleviate poverty.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. | Tanzania is one of the poorest countries in the world. The economy depends heavily on agriculture, which accounts for more than 40% 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 The World Bank, the IMF, and bilateral donors have provided funds to rehabilitate Tanzania's out-of-date economic infrastructure and to alleviate poverty.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 7% in 2007. |
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) | Tanzanian shillings per US dollar - 1,255 (2007), 1,251.9 (2006), 1,128.93 (2005), 1,089.33 (2004), 1,038.42 (2003) |
Exports | NA bbl/day | 0 bbl/day (2004) |
GDP - composition by sector | agriculture: 43.2%
industry: 18.1% services: 38.7% (2006 est.) |
agriculture: 42.8%
industry: 18.4% services: 38.7% (2007 est.) |
GDP - real growth rate | 5.9% (2006 est.) | 6.9% (2007 est.) |
Imports | NA bbl/day | 24,800 bbl/day (2004) |
Imports - partners | South Africa 9.8%, China 9.4%, Kenya 7.8%, India 6.8%, UAE 5.9%, Zambia 5.7% (2006) | South Africa 9.8%, China 9.4%, Kenya 7.8%, India 6.7%, UAE 5.9%, Zambia 5.7% (2006) |
Industrial production growth rate | 8.4% (1999 est.) | 8.2% (2007 est.) |
Inflation rate (consumer prices) | 6.1% (2006 est.) | 7% (2007 est.) |
International organization participation | ACP, AfDB, AU, C, EAC, EADB, FAO, G-6, G-77, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, NAM, OPCW, SADC, UN, UN Security Council (temporary), UNCTAD, UNESCO, UNHCR, UNIDO, UNMEE, UNMIS, UNOCI, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO | ACP, AfDB, AU, C, EAC, EADB, FAO, G-6, G-77, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, NAM, OPCW, SADC, UN, UN Security Council (temporary), UNCTAD, UNESCO, UNHCR, UNIDO, UNIFIL, UNMEE, UNMIS, UNOCI, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO |
Labor force | 19.35 million (2006 est.) | 19.69 million (2007 est.) |
Pipelines | gas 254 km; oil 872 km (2006) | gas 287 km; oil 891 km (2007) |
Telephone system | general assessment: fair system operating below capacity and being modernized for better service; small aperture terminal (VSAT) system under construction
domestic: trunk service provided by open-wire, microwave radio relay, tropospheric scatter, and fiber-optic cable; some links being made digital international: country code - 255; satellite earth stations - 2 Intelsat (1 Indian Ocean, 1 Atlantic Ocean) |
general assessment: telecommunications services are inadequate; system operating below capacity and being modernized for better service; small aperture terminal (VSAT) system under construction
domestic: fixed-line telephone network inadequate with less than 1 connection per 100 persons; mobile-cellular service, aided by multiple providers, is increasing; trunk service provided by open-wire, microwave radio relay, tropospheric scatter, and fiber-optic cable; some links being made digital international: country code - 255; satellite earth stations - 2 Intelsat (1 Indian Ocean, 1 Atlantic Ocean) |