telephone: [255] (22) 666010 through 666015
FAX: [255] (22) 666701
Flag description: divided diagonally by a yellow-edged black band from the lower hoist-side corner; the upper triangle (hoist side) is green and the lower triangle is blue
Tanzania Economy
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 1991-2000 featured a pick up 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 allow Tanzania to achieve real GDP growth of 6% in 2001 and in 2002.
GDP: purchasing power parity - $25.1 billion (2000 est.)
GDP - real growth rate: 5.2% (2000 est.)
GDP - per capita: purchasing power parity - $710 (2000 est.)
GDP - composition by sector: agriculture: 49%
industry: 17%