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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 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Tanzania reached 1.045 US dollars per inhabitant, or 62.41 bn US Dollar in the whole country. Tanzania is therefore currently ranked 74 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 167.

Inflation in Tanzania was in 2020 at around 3.29%. Within the EU, the average in the same year was 2.62%. 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 in 2020

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 2020

 Tanzania
Total
Tanzania
per capita
EU
Total
EU
per capita
GDP62.41 bn USD1,044.79 USD15,291.93 tn USD29,692.11 USD
Gross national product62.38 bn USD1,044.31 USD15,330.84 tn USD29,767.66 USD


Development of the Gross domestic product in billion US Dollar 1988 - 2020



Im- and Exports 2020

 Tanzania
Total
Tanzania
per capita
EU
Total
EU
per capita
Imports10.36 bn USD173.46 USD7,340.01 bn USD14,251.98 USD
Exports9.66 bn USD161.69 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in billion US dollars 1976 - 2020

Exports
Imports



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