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Economy of Tanzania. Statistics, Data and Indicators

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


Tanzania Major Economic Indicators

Indicator Data Period
GDP Value 63.18 USD Billion 2019
GDP Annual Growth Rate 4.5 % 3Q/20
GDP per capita 986 USD 2019
Inflation Rate YoY 3.5 % Jan/21
Interest Rate 5 % Nov/20
Unemployment Rate 9.6 % 2019
Wages 362400 TZS/Month | 157.44 USD/Month 2016
Balance of Trade -320 USD Million | -0.32 B USD 3Q/20
Current Account -362 USD Million | -0.362 B USD 3Q/20
Government Debt 7039 USD Million | 7.039 B USD Dec/20


GDP
vvp
63.18
USD Billion
#83 from 174 countries
GDP per capita
vvp
986
USD
#146 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 63.18 USD Billion 2019
GDP Annual Growth Rate 4.5 % 3Q/20
GDP per capita 986 USD 2019
GDP per capita PPP 2660 USD 2019
GDP From Agriculture  5855643 TZS million | 2.525 B USD 3Q/20
GDP From Construction  5137774 TZS million | 2.215 B USD 3Q/20
GDP From Manufacturing  2888507 TZS million | 1.246 B USD 3Q/20
GDP From Mining  1491969 TZS million | 0.643 B USD 3Q/20
GDP From Public Administration  1404922 TZS million | 0.606 B USD 3Q/20


Budget Indicators

Indicator Data Period
Government Debt to GDP 37.8 % 2019
Government Debt 7039 USD Million | 7.039 B USD Dec/20
Government Budget to GDP -2.6 % 2020
Military Expenditure 665 USD Million | 0.665 B USD 2018


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 102 index points Jan/21
Export Prices 104 index points 2Q/20
Food Inflation 2.8 % Jan/21
Gasoline Prices 0.81 USD/Liter Feb/21
Import Prices 96.9 index points 2Q/20
Inflation Rate YoY 3.5 % Jan/21
Producer Prices 104 index points 4Q/19
Inflation Rate Mom 0.8 % Jan/21
Core Consumer Prices 112 Index Points Dec/20
Core Inflation Rate 3.8 % Jan/21
CPI Housing Utilities 102 Index Points Jan/21
CPI Transportation 101 Index Points Jan/21
Producer Prices Change  4.4 % 4Q/19


Trade Indicators

Indicator Data Period
Current Account to GDP -2.1 % 2019
Balance of Trade -320 USD Million | -0.32 USD Billion 3Q/20
Capital Flows -351 USD Million | -0.351 B USD 3Q/20
Current Account -362 USD Million | -0.362 USD Billion 3Q/20
Exports 1724 USD Million | 1.724 USD Billion 3Q/20
External Debt 24000 USD Million | 24 USD Billion Dec/20
Imports 2139 USD Million | 2.139 USD Billion 2Q/19
Terms of Trade  108 Index points 2Q/20


Money Indicators

Indicator Data Period
Bank Lending Rate 13.86 % Dec/20
Interest Rate 5 % Nov/20
Money Supply M0 7169 TZS Billion | 3.091 B USD Dec/20
Money Supply M1 14314 TZS Billion | 6.172 B USD Dec/20
Money Supply M2 23015 TZS Billion | 9.924 B USD Dec/20
Money Supply M3 29918 TZS Billion | 12.901 B USD Dec/20
Central Bank Balance Sheet 20753088 TZS Million | 8.949 B USD Dec/20
Deposit Interest Rate 7.5 % 3Q/19
Private Sector Credit  20291 TZS Billion | 8.75 B USD Dec/20


Labor Indicators

Indicator Data Period
Unemployment Rate 9.6 % 2019
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 % 2020
Personal Income Tax Rate 30 % 2020
Sales Tax Rate 18 % 2020


Business Indicators

Indicator Data Period
Corruption Index 38 index points 2020
Corruption Rank 94 place 2020
Ease of Doing Business 141 place 2019
Competitiveness Index 48.19 Index Points 2019
Competitiveness Rank 117 2019


Government Debt
dept_icon
7.039
B USD
#56 from 65 countries
Balance of Trade
balance_icon
-0.32
USD Billion
#141 from 173 countries


Gold Reserves
gold_reserve_icon
N/A
N/A
#N/A from N/A countries
Foreign Exchange Reserves
gold_reserve_icon
N/A
N/A
#N/A from N/A countries


Government Budget Value
balance_icon
N/A
N/A
#N/A from N/A countries
Inflation Rate
inflation_icon
3.5
%
#58 from 174 countries


Interest Rate
discount_rate_icon
5
%
#44 from 159 countries
Bank Lending Rate
credit_rate_icon
13.86%
#6 from 55 countries


Unemployment Rate
unemployment_icon
9.6
%
#46 from 171 countries
Wages
salary_icon
157.44
USD/Month
#78 from 82 countries