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Economy of Tanzania. Statistics, Data and Indicators

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Tanzania
0 Credit rank #112
N/A Quality of life #
87 Corruption rank#94
141 Ease of doing business#128
Tanzania


Tanzania Major Economic Indicators

Indicator Data Period
GDP Value 67.78 USD Billion 2021
GDP Annual Growth Rate 4.9 % 4Q/21
GDP per capita 1061 USD 2020
Inflation Rate YoY 4 % May/22
Interest Rate 5 % May/22
Unemployment Rate 9.5 % 2020
Wages 362400 TZS/Month | 157.44 USD/Month 2016
Balance of Trade -1372 USD Million | -1.372 B USD 1Q/22
Current Account -1316 USD Million | -1.316 B USD 1Q/22
Government Debt 9748 USD Million | 9.748 B USD Apr/22


GDP Indicators

Indicator Data Period
GDP Value 67.78 USD Billion 2021
GDP Annual Growth Rate 4.9 % 4Q/21
GDP per capita 1061 USD 2020
GDP per capita PPP 2933 USD 2021
GDP From Agriculture  10031318 TZS million | 4.301 B USD 4Q/21
GDP From Construction  5072162 TZS million | 2.174 B USD 4Q/21
GDP From Manufacturing  3043420 TZS million | 1.305 B USD 4Q/21
GDP From Mining  1701661 TZS million | 0.73 B USD 4Q/21
GDP From Public Administration  1461479 TZS million | 0.627 B USD 4Q/21


Budget Indicators

Indicator Data Period
Government Debt to GDP 37.8 % 2019
Government Debt 9748 USD Million | 9.748 B USD Apr/22
Government Budget to GDP -2.6 % 2020
Military Expenditure 639 USD Million | 0.639 B USD 2020


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 108 index points May/22
Export Prices 109 index points 2Q/21
Food Inflation 5.5 % May/22
Gasoline Prices 1.42 USD/Liter Jun/22
Import Prices 103 index points 2Q/21
Inflation Rate YoY 4 % May/22
Producer Prices 104 index points 4Q/19
Inflation Rate Mom 0.5 % May/22
Core Consumer Prices 107 Index Points May/22
Core Inflation Rate 3 % May/22
CPI Housing Utilities 109 Index Points May/22
CPI Transportation 110 Index Points May/22
Producer Prices Change  4.4 % 4Q/19


Trade Indicators

Indicator Data Period
Current Account to GDP -1.5 % 2020
Balance of Trade -1372 USD Million | -1.372 USD Billion 1Q/22
Capital Flows 508 USD Million | 0.508 B USD 1Q/22
Current Account -1316 USD Million | -1.316 USD Billion 1Q/22
Exports 1510 USD Million | 1.51 USD Billion 1Q/22
External Debt 28082 USD Million | 28.082 USD Billion Apr/22
Imports 2394 USD Million | 2.394 USD Billion 2Q/21
Terms of Trade  106 Index points 2Q/21


Money Indicators

Indicator Data Period
Bank Lending Rate 14.12 % Apr/22
Interest Rate 5 % May/22
Money Supply M0 8684 TZS Billion | 3.723 B USD Apr/22
Money Supply M1 16844 TZS Billion | 7.221 B USD Apr/22
Money Supply M2 26862 TZS Billion | 11.516 B USD Apr/22
Money Supply M3 34088 TZS Billion | 14.614 B USD Apr/22
Central Bank Balance Sheet 21114020 TZS Million | 9.052 B USD Jun/21
Deposit Interest Rate 7.5 % 3Q/19
Private Sector Credit  23422 TZS Billion | 10.041 B USD Apr/22


Labor Indicators

Indicator Data Period
Unemployment Rate 9.5 % 2020
Wages 362400 TZS/Month | 157.44 USD/Month 2016
Youth Unemployment Rate 13.7 % 2014
Living Wage Family 762800 TZS/Month | 329.347 USD/Month 2018
Living Wage Individual 332400 TZS/Month | 143.517 USD/Month 2018
Wages High Skilled 884100 TZS/Month | 381.719 USD/Month 2018
Wages Low Skilled  419500 TZS/Month | 181.123 USD/Month 2018


Taxes

Indicator Data Period
Corporate Tax Rate 30 % 2021
Personal Income Tax Rate 30 % 2021
Sales Tax Rate 18 % 2021


Business Indicators

Indicator Data Period
Corruption Index 39 index points 2021
Corruption Rank 87 place 2021
Ease of Doing Business 141 place 2019
Competitiveness Index 48.19 Index Points 2019
Competitiveness Rank 117 2019