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Indicators of economy in Tanzania

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP in Tanzania, on the other hand, reached USD 1.102 per capita, or 67.78 billion USD in the whole country. Tanzania is therefore currently ranked 78 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Tanzania is in the list of the world's richest countries in place 157.

Inflation in Tanzania was in 2020 at around 3.29%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 65.9% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Tanzania

Impact of the Covid-19 pandemic

Overall, the gross domestic product in Tanzania in 2020 increased from 61.14 billion US Dollar to 62.41 billion US Dollar. Certainly, there have been shifts in numerous sectors of the economy, but a 2.1 percent increase has been rather unusual this year. While most countries have suffered significant losses, Tanzania has certainly held its own. The unemployment rate rose from 2.2 to 2.5 percent. The inflation rate has fallen from 3.5 percent previously to 3.3 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Tanzania
Total
Tanzania
per capita
EU
Total
EU
per capita
GDP67.78 bn USD1,102.06 USD17.09 tn USD33,228.68 USD
Gross national product67.77 bn USD1,101.91 USD16.78 tn USD32,621.03 USD


Development of the Gross domestic product in billion US Dollar 1988 - 2021



Im- and Exports 2020

 Tanzania
Total
Tanzania
per capita
EU
Total
EU
per capita
Imports9.18 bn USD149.29 USD8,916.24 bn USD17,337.55 USD
Exports8.56 bn USD139.12 USD9,554.34 bn USD18,578.33 USD


Development of imports and exports in billions of USD 1976 - 2020

Exports
Imports



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