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Tanzania

Headline economic indicators for Tanzania, with the most recent official readings.

Prices

Prices — Tanzania
Indicator Value Change
Inflation rate · 3.3% +0.27 (+8.8%)
Consumer price index · 231.5 +7.46 (+3.3%)
GDP deflator inflation · 5.1% +1.55 (+43.3%)

GDP

GDP — Tanzania
Indicator Value Change
GDP growth rate · 5.9% +0.33 (+5.9%)
GDP per capita · 1,318.82 +126.21 (+10.6%)
GDP per capita, long-run history · 3,057 +49.22 (+1.6%)
GDP · 90,143,496,090.44 +10,907,782,645 (+13.8%)
GDP, PPP · 305,597,202,859 +24,764,028,654 (+8.8%)
GDP per capita, PPP · 4,471 +244.03 (+5.8%)
GDP per capita growth · 2.9% +0.34 (+13.2%)
GNI per capita · 1,270 +60.00 (+5.0%)
Agriculture to GDP · 22.9% -0.41 (-1.8%)
Industry to GDP · 29.8% +1.22 (+4.3%)
Manufacturing to GDP · 8.4% +0.22 (+2.6%)
Services to GDP · 28.8% -0.81 (-2.7%)
Household consumption to GDP · 50.5% -2.10 (-4.0%)
Gross capital formation to GDP · 40.7% +1.11 (+2.8%)
Gross savings to GDP · 36.5% +0.35 (+1.0%)

Labour

Labour — Tanzania
Indicator Value Change
Unemployment rate · 1.6% +0.02 (+1.0%)
Labour force participation rate · 83.7% -0.03 (-0.0%)
Female labour force participation rate · 80.3% -0.01 (-0.0%)
Youth unemployment rate · 2.4% +0.05 (+2.0%)
Employment to population ratio · 82.4% -0.04 (-0.1%)
Employment in agriculture · 64.6% -0.52 (-0.8%)
Employment in industry · 8.1% +0.05 (+0.7%)
Employment in services · 27.3% +0.47 (+1.7%)

Money

Money — Tanzania
Indicator Value Change
Real interest rate · 9.6% -4.73 (-32.9%)
Broad money to GDP · 23.4% +1.25 (+5.6%)
Private sector credit to GDP · 18.4% +1.78 (+10.7%)
Lending rate · 16.7% -0.29 (-1.7%)
Bank deposit rate · 6.7% -0.42 (-5.9%)
Stock market capitalization to GDP · 10.8% +1.61 (+17.4%)
Bank nonperforming loans · 2.5% -0.58 (-19.0%)
Official exchange rate · 2,597.9 +214.86 (+9.0%)

Trade

Trade — Tanzania
Indicator Value Change
Current account to GDP · -3.0% +0.74 (+19.8%)
Exports to GDP · 19.0% -0.75 (-3.8%)
Imports to GDP · 20.0% -1.59 (-7.4%)
Trade to GDP · 39.0% -2.34 (-5.7%)
Exports of goods and services · 17,113,455,948.06 +1,478,229,646 (+9.5%)
Imports of goods and services · 18,016,880,758.52 +921,333,876 (+5.4%)
Trade balance, goods and services (annual) · -1,022,268,158.41 +1,174,228,354 (+53.5%)
Current account balance (annual) · -2,379,788,231.37 +580,792,019 (+19.6%)
Foreign direct investment to GDP · 1.9% -0.26 (-12.1%)
Remittances received to GDP · 1.4% -0.15 (-9.5%)
Total reserves, including gold · 5,049,646,420.48 -838,223,464 (-14.2%)
Reserves in months of imports · 5.4 -1.44 (-21.1%)
External debt to GNI · 47.3% +2.72 (+6.1%)

Government

Government — Tanzania
Indicator Value Change
Government revenue to GDP · 14.0% +0.16 (+1.2%)
Government expense to GDP · 16.3% -0.69 (-4.0%)
Tax revenue to GDP · 12.3% +0.58 (+5.0%)
Government budget balance to GDP · -2.9% -0.20 (-7.5%)
Government consumption to GDP · 9.8% +0.64 (+7.0%)
Education spending to GDP · 3.2% -0.10 (-3.2%)
Health spending to GDP · 3.1% -0.08 (-2.6%)

Demography

Demography — Tanzania
Indicator Value Change
Population · 70,545,865 +1,985,708 (+2.9%)
Population, long-run history · 64,835 +1,890 (+3.0%)
Population growth · 2.9% -0.02 (-0.7%)
Life expectancy · 67.2 +0.22 (+0.3%)
Fertility rate · 4.54 -0.06 (-1.4%)
Birth rate · 34.8 -0.42 (-1.2%)
Death rate · 5.7 -0.07 (-1.2%)
Urban population share · 36.9% +0.71 (+2.0%)
Population aged 65 and over · 3.0% -0.00 (-0.1%)
Under-five mortality rate · 37.0 -1.50 (-3.9%)
Population density · 77.6 +2.20 (+2.9%)
Net migration · -12,730 +17,135 (+57.4%)
Gini index · 40.5 +2.70 (+7.1%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Tanzania; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.