Support our Sponsor

. . Flags of the World Maps of All Countries

  • |Main Index|
  • 2002 INDEX
  • Country Ranks
  • DEFINITIONS
  • geographic.org Home PageCountry Index

    Tanzania Economy - 2002
    http://www.greekorthodoxchurch.org/wfb2002/tanzania/tanzania_economy.html
    SOURCE: 2002 CIA WORLD FACTBOOK

      Economy - overview Tanzania is one of the poorest countries in the world. The economy is heavily dependent on agriculture, which accounts for half of GDP, provides 85% of exports, and employs 80% of the work force. Topography and climatic conditions, however, limit cultivated crops to only 4% of the land area. Industry is mainly limited to processing agricultural products and light consumer goods. The World Bank, the International Monetary Fund, and bilateral donors have provided funds to rehabilitate Tanzania's deteriorated economic infrastructure. Growth in 1991-2001 featured a pickup in industrial production and a substantial increase in output of minerals, led by gold. Natural gas exploration in the Rufiji Delta looks promising and production could start by 2002. Recent banking reforms have helped increase private sector growth and investment. Continued donor support and solid macroeconomic policies should support steady real GDP growth of 5% in 2002 and 2003.

      GDP purchasing power parity - $22.1 billion (2001 est.)

      GDP - real growth rate 5% (2001 est.)

      GDP - per capita purchasing power parity - $610 (2001 est.)

      GDP - composition by sector
      agriculture: 48.4%
      industry: 16.7%
      services: 34.9% (2000 est.)

      Population below poverty line 51.1% (1991 est.)

      Household income or consumption by percentage share
      lowest 10%: 2.8%
      highest 10%: 30.1% (1993)

      Distribution of family income - Gini index 38.2 (1993)

      Inflation rate (consumer prices) 5% (2001 est.)

      Labor force 13.495 million

      Labor force - by occupation agriculture 80%, industry and services 20% (2000 est.)

      Unemployment rate NA%

      Budget
      revenues: $1.01 billion
      expenditures: $1.38 billion, including capital expenditures of $NA (FY00/01 est.)

      Industries primarily agricultural processing (sugar, beer, cigarettes, sisal twine), diamond and gold mining, oil refining, shoes, cement, textiles, wood products, fertilizer, salt

      Industrial production growth rate 8.4% (1999 est.)

      Electricity - production 2.765 billion kWh (2000)

      Electricity - production by source
      fossil fuel: 18.08%
      hydro: 81.92%
      other: 0% (2000)
      nuclear: 0%

      Electricity - consumption 2.616 billion kWh (2000)

      Electricity - exports 0 kWh (2000)

      Electricity - imports 45 million kWh (2000)

      Agriculture - products coffee, sisal, tea, cotton, pyrethrum (insecticide made from chrysanthemums), cashew nuts, tobacco, cloves (Zanzibar), corn, wheat, cassava (tapioca), bananas, fruits, vegetables; cattle, sheep, goats

      Exports $827 million (f.o.b., 2001)

      Exports - commodities gold, coffee, cashew nuts, manufactures, cotton (2000)

      Exports - partners UK 22.0%, India 14.8%, Germany 9.9%, Netherlands 6.9% (2000)

      Imports $1.55 billion (f.o.b., 2001)

      Imports - commodities consumer goods, machinery and transportation equipment, industrial raw materials, crude oil

      Imports - partners South Africa 11.5%, Japan 9.3%, UK 7.0%, Australia 6.2% (2000)

      Debt - external $6.8 billion (2000 est.)

      Economic aid - recipient $963 million (1997)

      Currency Tanzanian shilling (TZS)

      Currency code TZS

      Exchange rates Tanzanian shillings per US dollar - 924.70 (January 2002), 876.41 (2001), 800.41 (2000), 744.76 (1999), 664.67 (1998), 612.12 (1997)

      Fiscal year 1 July - 30 June

      NOTE: The information regarding Tanzania on this page is re-published from the 2002 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Tanzania Economy 2002 information contained here. All suggestions for corrections of any errors about Tanzania Economy 2002 should be addressed to the CIA.

    Support Our Sponsor

    Support Our Sponsor

    Please ADD this page to your FAVORITES - - - - -


    Language Translation Services - All Languages


    http://www.photius.com/wfb2002/tanzania/tanzania_economy.html

    Revised 30-Jan-03
    Copyright © 2003 Photius Coutsoukis (all rights reserved)


    CTR030130