Economy of Tanzania. Statistics, Data and Indicators
Tanzania
| 0 | Credit rank #112 |
| N/A | Quality of life # |
| 94 | Corruption rank#94 |
| 141 | Ease of doing business#128 |
Tanzania Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 75.71 USD Billion | 2022 |
| GDP Annual Growth Rate | 5.6 % | 1Q/23 |
| GDP per capita | 1057 USD | 2022 |
| Inflation Rate YoY | 3.3 % | Sep/23 |
| Interest Rate | 5 % | Sep/23 |
| Unemployment Rate | 8.9 % | 2022 |
| Wages | 362400 TZS/Month | 157.44 USD/Month | 2016 |
| Balance of Trade | -1483 USD Million | -1.483 B USD | 2Q/23 |
| Current Account | -833 USD Million | -0.833 B USD | 2Q/23 |
| Government Debt | 11962 USD Million | 11.962 B USD | Jul/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 75.71 USD Billion | 2022 |
| GDP Annual Growth Rate | 5.6 % | 1Q/23 |
| GDP per capita | 1057 USD | 2022 |
| GDP per capita PPP | 2623 USD | 2022 |
| GDP From Agriculture | 9368735 TZS million | 3.734 B USD | 1Q/23 |
| GDP From Construction | 5195434 TZS million | 2.071 B USD | 1Q/23 |
| GDP From Manufacturing | 2867721 TZS million | 1.143 B USD | 1Q/23 |
| GDP From Mining | 1865624 TZS million | 0.744 B USD | 1Q/23 |
| GDP From Public Administration | 1519885 TZS million | 0.606 B USD | 1Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 38.3 % | 2022 |
| Government Debt | 11962 USD Million | 11.962 B USD | Jul/23 |
| Government Budget to GDP | -4 % | 2022 |
| Military Expenditure | 832 USD Million | 0.832 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 112 index points | Sep/23 |
| Export Prices | 118 index points | 1Q/23 |
| Food Inflation | 5.6 % | Sep/23 |
| Gasoline Prices | 1.29 USD/Liter | Sep/23 |
| Import Prices | 114 index points | 1Q/23 |
| Inflation Rate YoY | 3.3 % | Sep/23 |
| Producer Prices | 104 index points | 4Q/19 |
| Inflation Rate Mom | 0.1 % | Sep/23 |
| Core Consumer Prices | 110 Index Points | Sep/23 |
| Core Inflation Rate | 2.3 % | Sep/23 |
| CPI Housing Utilities | 109 Index Points | Sep/23 |
| CPI Transportation | 113 Index Points | Sep/23 |
| Producer Prices Change | 4.4 % | 4Q/19 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -7.1 % | 2022 |
| Balance of Trade | -1483 USD Million | -1.483 USD Billion | 2Q/23 |
| Capital Flows | 664 USD Million | 0.664 B USD | 1Q/23 |
| Current Account | -833 USD Million | -0.833 USD Billion | 2Q/23 |
| Exports | 1740 USD Million | 1.74 USD Billion | 2Q/23 |
| External Debt | 30533 USD Million | 30.533 USD Billion | Jul/23 |
| Imports | 3223 USD Million | 3.223 USD Billion | 2Q/23 |
| Terms of Trade | 104 Index points | 1Q/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 13.19 % | Jul/23 |
| Interest Rate | 5 % | Sep/23 |
| Money Supply M0 | 10195 TZS Billion | 4.063 B USD | Jul/23 |
| Money Supply M1 | 20429 TZS Billion | 8.142 B USD | Jul/23 |
| Money Supply M2 | 32723 TZS Billion | 13.042 B USD | Jul/23 |
| Money Supply M3 | 42494 TZS Billion | 16.936 B USD | Jul/23 |
| Central Bank Balance Sheet | 25595880 TZS Million | 10.201 B USD | Jun/23 |
| Deposit Interest Rate | 7.5 % | 3Q/19 |
| Private Sector Credit | 30066 TZS Billion | 11.983 B USD | Jul/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 8.9 % | 2022 |
| 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 % | 2023 |
| Personal Income Tax Rate | 30 % | 2023 |
| Sales Tax Rate | 18 % | 2023 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 38 index points | 2022 |
| Corruption Rank | 94 place | 2022 |
| Ease of Doing Business | 141 place | 2019 |
| Competitiveness Index | 48.19 Index Points | 2019 |
| Competitiveness Rank | 117 | 2019 |
