Countries
Tanzania
Key Economic Indicators
$280.43 billion
$4,221
5.53%
3.06%
1.57%
$78.78 billion (2024 est.)
38% of GDP (2016 est.)
$-2,379,788,231
Economic Overview
emerging lower middle-income East African economy; resource-rich and growing tourism; strong post-pandemic recovery from hospitality, electricity, mining, and transit sectors; declining poverty; stable inflation; gender-based violence economic and labor force disruptions
All Economic Data
Agricultural products
maize, cassava, sweet potatoes, bananas, milk, sugarcane, rice, vegetables, beans, sunflower seeds (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Average household expenditures
On alcohol and tobacco:
1.3% of household expenditures (2023 est.)
On food:
26.2% of household expenditures (2023 est.)
Budget
Expenditures:
$13.583 billion (2024 est.)
Note:
<b>note:</b> central government revenues and expenses (excluding grants/extrabudgetary units/social security funds) converted to US dollars at average official exchange rate for year indicated
Revenues:
$11.716 billion (2024 est.)
Currency
code:
TZS
name:
Tanzanian shilling (TZS) [Sh]
Current account balance
$-2,379,788,231
Current account balance 2021:
-$2.374 billion (2021 est.)
Current account balance 2022:
-$5.482 billion (2022 est.)
Current account balance 2023:
-$2.958 billion (2023 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Debt - external
$36.34 billion
Debt - external 2023:
$17.513 billion (2023 est.)
Note:
<b>note:</b> present value of external debt in current US dollars
Exchange rates
Currency:
Tanzanian shillings (TZS) per US dollar -
Exchange rates 2020:
2,294.146 (2020 est.)
Exchange rates 2021:
2,297.764 (2021 est.)
Exchange rates 2022:
2,303.034 (2022 est.)
Exchange rates 2023:
2,383.043 (2023 est.)
Exchange rates 2024:
2,597.9 (2024 est.)
Exports
$15.64 billion
Exports 2021:
$9.874 billion (2021 est.)
Exports 2022:
$11.986 billion (2022 est.)
Exports 2023:
$13.98 billion (2023 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
gold, refined petroleum, dried legumes, refined copper, coal (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
India 15%, UAE 14%, Uganda 12%, South Africa 10%, China 6% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$1.72 billion
GDP - composition, by end use
Exports of goods and services:
19.8% (2024 est.)
Government consumption:
9.2% (2024 est.)
Household consumption:
52.9% (2024 est.)
Imports of goods and services:
-21.7% (2024 est.)
Investment in fixed capital:
41.4% (2024 est.)
Investment in inventories:
-1.6% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
23.4% (2024 est.)
Industry:
28.7% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
28.4% (2024 est.)
GDP (official exchange rate)
$78.78 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$1,187
Gini Index coefficient - distribution of family income
40.5 (2017)
Gini Index coefficient - distribution of family income 2018:
40.5 (2018 est.)
Note:
<b>note:</b> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$77.1 billion
GNI per capita
$1,210
Gross domestic investment
40 % of GDP
Household income or consumption by percentage share
Highest 10%:
33.1% (2018 est.)
Lowest 10%:
2.9% (2018 est.)
Note:
<b>note:</b> % share of income accruing to lowest and highest 10% of population
Imports
$17.1 billion
Imports 2021:
$11.61 billion (2021 est.)
Imports 2022:
$16.674 billion (2022 est.)
Imports 2023:
$16.059 billion (2023 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
refined petroleum, plastics, garments, fertilizers, wheat (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
China 32%, India 13%, UAE 9%, Saudi Arabia 5%, Japan 4% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
5.2% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
agricultural processing (sugar, beer, cigarettes, sisal twine); mining (diamonds, gold, and iron), salt, soda ash; cement, oil refining, shoes, apparel, wood products, fertilizer
Inflation rate (consumer prices)
3.06%
Inflation rate (consumer prices) 2022:
4.4% (2022 est.)
Inflation rate (consumer prices) 2023:
3.8% (2023 est.)
Inflation rate (consumer prices) 2024:
3.1% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
32.983 million (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
34.05 million persons
Labor force - by occupation
agriculture:
64.57%
industry:
8.1%
services:
27.32%
Population below poverty line
26.4% (2018 est.)
note:
<b>note:</b> % of population with income below national poverty line
Public debt
Public debt 2016:
38% of GDP (2016 est.)
Real GDP (purchasing power parity)
$280.43 billion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$222.506 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$233.786 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$246.706 billion (2024 est.)
Real GDP growth rate
5.53%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
4.6% (2022 est.)
Real GDP growth rate 2023:
5.1% (2023 est.)
Real GDP growth rate 2024:
5.5% (2024 est.)
Real GDP per capita
$4,221
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$3,500 (2022 est.)
Real GDP per capita 2023:
$3,600 (2023 est.)
Real GDP per capita 2024:
$3,700 (2024 est.)
Remittances
$1.12 billion
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2021:
0.8% of GDP (2021 est.)
Remittances 2022:
0.9% of GDP (2022 est.)
Remittances 2023:
1% of GDP (2023 est.)
Reserves of foreign exchange and gold
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2016:
$4.351 billion (2016 est.)
Reserves of foreign exchange and gold 2017:
$5.888 billion (2017 est.)
Reserves of foreign exchange and gold 2018:
$5.05 billion (2018 est.)
Revenue (excl grants)
15 % of GDP
Tax revenue
13 % of GDP
Taxes and other revenues
11.5% (of GDP) (2023 est.)
note:
<b>note:</b> central government tax revenue as a % of GDP
Unemployment rate
1.57%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
2.6% (2022 est.)
Unemployment rate 2023:
2.6% (2023 est.)
Unemployment rate 2024:
2.6% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
4.2% (2024 est.)
Male:
2.6% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
3.3% (2024 est.)
World Bank Indicators
Currency
Tanzanian shilling (TZS) Sh (2025)
Gini Index
40.50 (2017)
Languages
English, Swahili (2025)
Economic Rankings
External Debt
#39
Gini Index
#64
GDP (PPP)
#67
GDP Growth Rate
#74
GDP (Nominal)
#81
Reserves
#94
Exports
#98
Imports
#101
Unemployment Rate
#159
GDP per Capita
#162
Inflation Rate
#169
Quick Facts
Industries
agricultural processing (sugar, beer, cigarettes, sisal twine); mining (diamonds, gold, and iron), salt, soda ash; cement, oil refining, shoes, apparel, wood products, fertilizer
Agricultural products
maize, cassava, sweet potatoes, bananas, milk, sugarcane, rice, vegetables, beans, sunflower seeds (2023)
Labor force
32.983 million (2024 est.)
Exports - partners
India 15%, UAE 14%, Uganda 12%, South Africa 10%, China 6% (2023)
Imports - partners
China 32%, India 13%, UAE 9%, Saudi Arabia 5%, Japan 4% (2023)
Exchange rates
Tanzanian shillings (TZS) per US dollar -
Explore More
Our Partners
Trusted partner applications powering global data and insights