Labor force | 31.219 million (2023 est.) |
---|---|
Industrial production growth rate | 3.9% (2023 est.) |
Industries | agricultural processing (sugar, beer, cigarettes, sisal twine); mining (diamonds, gold, and iron), salt, soda ash; cement, oil refining, shoes, apparel, wood products, fertilizer |
Population below poverty line | 26.4% (2018 est.) |
Taxes and other revenues | 11.47% (of GDP) (2023 est.) |
Fiscal year | |
Exchange rates | |
Currency | Tanzanian shillings (TZS) per US dollar - |
Exchange rates 2021 | 2,297.764 (2021 est.) |
Exchange rates 2020 | 2,294.146 (2020 est.) |
Exchange rates 2019 | 2,288.207 (2019 est.) |
Exchange rates 2018 | 2,263.782 (2018 est.) |
Exchange rates 2017 | 2,228.857 (2017 est.) |
Debt - external | |
Debt - external 2022 | $15.913 billion (2022 est.) |
Reserves of foreign exchange and gold | |
Reserves of foreign exchange and gold 2018 | $5.05 billion (2018 est.) |
Reserves of foreign exchange and gold 2017 | $5.888 billion (2017 est.) |
Reserves of foreign exchange and gold 2016 | $4.351 billion (2016 est.) |
Current account balance | |
Current account balance 2022 | -$5.384 billion (2022 est.) |
Current account balance 2021 | -$2.388 billion (2021 est.) |
Current account balance 2020 | -$1.459 billion (2020 est.) |
Public debt | |
Public debt 2017 | 37% of GDP (2017 est.) |
Budget | |
Revenues | $9.114 billion (2014 est.) |
Expenditures | $8.926 billion (2014 est.) |
Budget surplus (+) or deficit (-) | |
Remittances | |
Remittances 2023 | 0.42% of GDP (2023 est.) |
Remittances 2022 | 0.92% of GDP (2022 est.) |
Remittances 2021 | 0.79% of GDP (2021 est.) |
Household income | |
Lowest 10% | 2.9% (2018 est.) |
Highest 10% | 33.1% (2018 est.) |
Average household expenditures | |
On food | 27.9% of household expenditures (2022 est.) |
On alcohol and tobacco | 1.6% of household expenditures (2022 est.) |
Imports | |
Imports 2022 | $16.674 billion (2022 est.) |
Imports 2021 | $11.61 billion (2021 est.) |
Imports 2020 | $9.151 billion (2020 est.) |
Imports (partners) | China 30%, India 18%, UAE 11%, Democratic Republic of the Congo 5%, Saudi Arabia 2% (2022) |
Comodities Imports force | refined petroleum, refined copper, garments, fertilizers, plastics (2022) |
Exports | |
Imports 2022 | $16.674 billion (2022 est.) |
Imports 2021 | $11.61 billion (2021 est.) |
Imports 2020 | $9.151 billion (2020 est.) |
Exports (partners) | India 27%, UAE 11%, South Africa 9%, Kenya 5%, Rwanda 5% (2022) |
Comodities Exports force | gold, raw copper, refined copper, copper ore, coconuts/Brazil nuts/cashews (2022) |
Real GDP (purchasing power parity) | |
Real GDP (purchasing power parity) 2023 | $234.05 billion (2023 est.) |
Real GDP (purchasing power parity) 2022 | $222.506 billion (2022 est.) |
Real GDP (purchasing power parity) 2021 | $212.79 billion (2021 est.) |
GDP (official exchange rate) | $79.158 billion (2023 est.) |
Real GDP Per capita | |
Real GDP per capita 2023 | $3,600 (2023 est.) |
Real GDP per capita 2022 | $3,500 (2022 est.) |
Real GDP per capita 2021 | $3,500 (2021 est.) |
GDP - composition, by sector of origin | |
Agriculture | 23.7% (2023 est.) |
Industry | 27.7% (2023 est.) |
Services | 28.9% (2023 est.) |
GDP - composition, by end use | |
Household consumption | 53.8% (2023 est.) |
Government consumption | 8.1% (2023 est.) |
Investment in fixed capital | 42% (2023 est.) |
Investment in inventories | -1.7% (2023 est.) |
Exports of goods and services | 17.8% (2023 est.) |
Imports of goods and services | -20% (2023 est.) |
Unemployment rate | |
Unemployment rate 2023 | 2.61% (2023 est.) |
Unemployment rate 2022 | 2.61% (2022 est.) |
Unemployment rate 2021 | 2.81% (2021 est.) |
Youth unemployment rate (ages 15-24) | |
Total | 3.5% (2023 est.) |
Male | 2.6% (2023 est.) |
Female | 4.4% (2023 est.) |
Want to know more about Tanzania? Check all different factbooks for Tanzania below.