Tanzania

Tanzania Economic Outlook

  • Overall macroeconomic performance has been strong, with inflation declining to single digits and gross  domestic product (GDP) growth projected at about 7% in the medium term. The main drivers of growth are telecommunications, transport and financial intermediation, manufacturing and construction, and trade.
  • Continued emphasis on sound economic management and strengthening political governance could ensure that the newly found natural gas resources will indeed play an important role in Tanzania’s socio-economic transformation over the medium term.
  • While the structure of the economy has undergone some changes over the years, the slow progress in poverty reduction – largely due to underperforming agriculture and significant infrastructure bottlenecks – indicates that Tanzania is at best in the process of transformation.

Contacts

East Africa Regional Resource Center (EARC)

African Development Bank Group
Khushee Tower
Longonot  Road, Upper Hill
Nairobi, Kenya

Phone: (254) 20 2712925/ (254) 20 2712926/ (254) 20 2712928
Fax: (254) 20 2712938

Mr. Gabriel Negatu, RRC Director

Tanzania field office

African Development Bank Group
Garden Avenue, 5th Floor, International House
P.O. Box 6024
Dar Es Salaam, Tanzania

Phone: (255) 22 2125281/2
Fax: (225) 22 2125283

Ms. Tonia Kandiero, Resident Representative





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Key Facts

Flag:
Capital: Dodoma
Area: 945,000 sq km
Total Population 2012: 47.7 Million
Urban Population 2012: 27.35%
Female Population 2012: 50.02%
GDP: US$ 29.9 Billion
GNI Per Capita 2012: US$ 540
Inflation Rate: 16.10%
Crude Birth Rate (per 1000): 41.08%
Human Development Index (rank / 187): 152
Human Development Index (scale 0 to 1): 0.476
Membership Date: 10/09/1964
Cumulative Approvals (1967-2012): UA 1.9 Billion

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