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
Economy Tanzania
Economy - overview:
Tanzania is one of the poorest countries in the world. The economy
depends heavily on agriculture, which accounts for almost 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 traditionally featured the
processing of agricultural products and light consumer goods. The
World Bank, the International Monetary Fund, and bilateral donors
have provided funds to rehabilitate Tanzania's out-of-date economic
infrastructure and to alleviate poverty. Growth in 1991-2002
featured a pickup in industrial production and a substantial
increase in output of minerals, led by gold. Recent banking reforms
have helped increase private sector growth and investment. Continued
donor assistance and solid macroeconomic policies supported real GDP
growth of nearly 6% in 2004.
GDP (purchasing power parity):
$23.71 billion (2004 est.)
GDP - real growth rate:
5.8% (2004 est.)
GDP - per capita:
purchasing power parity - $700 (2004 est.)
GDP - composition by sector: agriculture: 43.2% industry: 17.2% services: 39.6% (2004 est.)
Labor force:
19 million (2004 est.)
Labor force - by occupation:
agriculture 80%, industry and services 20% (2002 est.)
Unemployment rate:
NA