Tanzania

Tanzania Economic Outlook

  • The economy grew by 7% in 2014 and estimates suggest the same growth rate in 2015, mainly driven by the services, industry, construction, and information and communication sectors. The fiscal position was healthy with an overall deficit of 3.4% of GDP in 2013/14. Similar prospects are expected over the medium term.
  • Successful and peaceful general elections in October 2015 transferred power to a new president who has committed to prudent resource management, fighting corruption and pursuing inclusive growth.
  • There is a growing rate of urbanisation with associated unemployment, pressure on infrastructure and overstretched government capacity to manage urban development.

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Key Facts

Flag:
Capital: Dodoma
Area: 945,000 sq km
Total Population 2015: 49.3 Million
Urban Population 2015: 27.64%
Female Population 2015: 49.99%
GDP: US$ 31.5 Billion
GNI Per Capita 2015: US$ 570
Inflation Rate: 7.90%
Crude Birth Rate (per 1000): 39.15%
Human Development Index (rank / 187): 152
Human Development Index (scale 0 to 1): 0.476
Membership Date: 10/09/1964
Cumulative Approvals (1967-2015): UA 2.6 Billion

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Resources



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