Official Name: | The United Republic of Tanzania |
Sovereign Status: | Sovereign Country |
Government Type: | Presidential Republic |
Official Name (Local Language): | Jamhuri ya Muungano wa Tanzania |
ISO Country Codes: | TZ : TZA |
Internet Domain: | .tz |
Government Web Site: | http://www.tanzania.go.tz |
Capital: | Dar es Salaam | Main Airports: | Abeid Amani Karume International Airport , Julius Nyerere International Airport |
Language(s): | Swahili;English | Population: | 52,482,726 |
Currency: | Tanzanian Shilling | ISO Currency Code: | TZS |
Telephone Dial In: | +255 | ID Prefix: | 000 |
Government Website: | http://www.tanzania.go.tz |
Central Bank: | Bank of Tanzania |
Currency USD Exchange Rate: | 2,319 Tanzanian shillings (TZS) per US dollar (2020 est.) |
Unemployment Rate: | 10.3% (2014 est.) |
Population below poverty line: | 22.8% (2015 est.) |
Inflation Rate: | 3.4% (2019 est.) |
Prime Lending Rate: | 13.86% (Dec-20 - TradingEconomics) |
GDP: | $60.633 billion (2019 est.) |
GDP Pro Capita (PPP): | $2,660 (2019 est.) |
Currency Name: | Tanzanian Shilling |
Currency Code: | TZS |
World Bank Classification: | Lower Middle Income |
GDP Composition:
Agriculture: | 25.1% | coffee, sisal, tea, cotton, pyrethrum (insecticide made from chrysanthemums), cashew nuts, tobacco, cloves, corn, wheat, cassava (manioc, tapioca), bananas, fruits, vegetables; cattle, sheep, goats |
Industry: | 27.6% | agricultural processing (sugar, beer, cigarettes, sisal twine); mining (diamonds, gold, and iron), salt, soda ash; cement, oil refining, shoes, apparel, wood products, fertilizer |
Services: | 47.3% |
Subject to Country Specific Sanctions? NO
The World Bank’s World Integrated Trade Solution
Business Language(s): | English; Swahili |
Customs & Excise: | Tanzania Revenue Authority |
Development Bank(s): | African Development Bank; East African Development Bank; TIB Development Bank; Trade and Development Bank; |
National Standards Bureau: | Tanzania Bureau of Standards |
Competitive Ind’l Performance: 117/141 (2019) | Corruption Perceptions Index: 94/180 (2020) |
Ease of Doing Business: 141/190 (2019) | Enabling Trade Index: 115/136 (2016) |
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World Bank Logistics Performance Index |
Eximbank: Afreximbank ; Exim Bank ; Export Credit Agency: Caribbean Export Development Agency ; Export Insurance Agency: The African Trade Insurance Agency ;
Investment Agency: Export Processing Zone Authority ; Tanzania Invest ; Tanzania Investment Centre ;
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