charting tanzania

Charting

TanzaniaCEO’s Guide to The Economy

2H 2021

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3

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• What is the size of Tanzania’s economy?

• What is the size of Tanzania’s population?

• What is the demographic structure of Tanzania? Is it favorable for economic growth?

• How has the structure of GDP changed over the years?

• How much does Tanzania’s economy rely on natural resources?

• How much does Tanzania’s economy rely on external trade?

• Economic Freedom Index: How free is Tanzania’s economy?

• How competitive is Tanzania?

• How are Tanzania’s competitive factors compared to those of other countries?

• How is the minimum wage in Tanzania compared to others in the region?

• Is it easy to do business in Tanzania?

• How good is Tanzania in attracting Foreign Direct Investment?

• What is the level of income for an average person in Tanzania?

• What is the poverty rate in Tanzania, and how does it compare to others?

• How has the unemployment rate in Tanzania changed over recent years?

• How is income distributed in Tanzania, and how does it compare to others?

• What is the current level of human development in Tanzania?

• How has the quality of life changed over the years?

• How many SDG has Tanzania achieved to date?

• What has been the growth rate of Tanzania’s economy over the past ten years, and how does it compare with others?

• What were the key growth drivers for Tanzania’s economy in the last year?

• How much does each sector contribute to the overall growth?

• What is the growth outlook for Tanzania’s economy, and how does it compare with others?

• How early can the economy reopen from the Covid crisis?

• What is the risk of inflation over the next 12 months?

• What is the latest move on Tanzania’s monetary policy?

• What is the health of Tanzania’s banking sector?

• What has been the trend in Tanzania’s fiscal budget deficit?

• Balance of Payment: Where are the key risks?

• Does Tanzania have enough international reserves to service its debt and for import?

• What is the FX risk? How has the currency performed compared to others?

4

The Charting Economy Framework©

Understand Any Economy in 30 Questions or Less

Economic Structure Competitiveness Development Economic Growth Macro Risks

The Long View The Short View

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Official name: United Republic of Tanzania

Brief history• Shortly after achieving independence from Britain in the early 1960s, Tanganyika and Zanzibar merged to form the United Republic of

Tanzania in 1964

• In 1995, the country held its first democratic elections since the 1970s.

• Zanzibar maintains semi-autonomy and participates in national elections; popular political opposition on the isles led to four contentious

elections since 1995, in which the ruling party claimed victory despite international observers' claims of voting irregularities.

5

Government

Government type: presidential republic

Capital: Dar es Salaam (administrative capital), Dodoma

(legislative capital)

Currency: Tanzanian Shilling (TZS)

Chief of state: President Samia Suluhu HASSAN (since 19 March

2021)

Head of government: President Samia Suluhu HASSAN (since 19

March 2021)

Cabinet: Cabinet appointed by the president from among members

of the National Assembly

Elections:• president and vice president directly elected on the same ballot by

simple majority popular vote for a 5-year term (eligible for a second

term); next to be held in April 2021

• Tanzania National Assembly and Zanzibar House of Representatives -elections last held on 25 October 2015

Geography

Area: 947,300 sq km (#32 in the world)

Land boundaries:

Burundi 589 km, Democratic Republic of the Congo 479 km, Kenya

775 km, Malawi 512 km, Mozambique 840 km, Rwanda 222 km,

Uganda 391 km, Zambia 353 km

Land use (2011est.):

• agriculture: 43.7%

• forest: 37.3%

• other: 19%

Coastline: 1,424 km

Irrigated land: 1,840 sq km (2012)

Natural resources:

hydropower, tin, phosphates, iron ore, coal, diamonds, gemstones, gold, natural gas, nickel

Source: CIA World factbook

Population and society

Population:

62,092,761 (July 2021 est.)

Ethnic group:mainland - African 99% (of which 95% are Bantu consisting of more than

130 tribes), other 1% (consisting of Asian, European, and Arab); Zanzibar -

Arab, African, mixed Arab and African

Language:

Kiswahili or Swahili (official), Kiunguja (name for Swahili in Zanzibar),

English (official, primary language of commerce, administration, and higher

education), Arabic (widely spoken in Zanzibar), many local languages

Religions:Christian 61.4%, Muslim 35.2%, folk religion 1.8%, other 0.2%, unaffiliated

1.4% (2010 est.)

Working age population (15-64 yr): 54.2%

Population growth rate: 2.81% (2021 est.)

Tanzania

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1. Economic Structure2. Competitiveness

3. Economic Development

4. Economic Growth

5. Macro Risks

Appendix 1: IMF’s forecast

Appendix 2: Doing Business

Part of the country’s economic profile, economic structure section gives readers useful views to understand economic fundamental and determine what matters for the country’s

economy

6

What is the size of Tanzania’s economy?

What is the size of Tanzania’s population?

What is the demographic structure of Tanzania? Is it

favorable for economic growth?

How has the structure of GDP changed over the years?

How much does Tanzania’s economy rely on natural

resources?

How much does Tanzania’s economy rely on external

trade?

Economic Freedom Index: How free is Tanzania’s

economy?

ECONOMYCharting


What is the size of Tanzania’s economy?

Tanzania is the 7th largest economy in Sub-Saharan Africa

Source: IMF World Economic Outlook Database April 2021

Note: (*) IMF Estimate

Sub-Saharan Africa Top Economies2019 GDP, USD billion, Market Exchange Rate

448.1

351.4

95.4

92.6

89.6

67.0

60.8

58.5

50.4

38.9

37.8

23.3

23.3

19.3

18.3

17.3

16.9

15.7

15.2

14.5

Nigeria

South Africa

Kenya

Ethiopia

Angola

Ghana

Tanzania

Cote d'Ivoire*

DR Congo

Cameroon

Uganda

Zambia

Senegal

Zimbabwe

Botswana

Mali*

Gabon

Burkina Faso*

Mozambique

Madagascar*

14.4

14.0

13.8

12.9

12.5

12.5

11.0

10.9

10.1

7.9

7.7

7.2

4.1

4.1

3.1

3.0

2.3

2.3

2.0

2.0

Benin

Mauritius*

Guinea*

Niger

Republic of Congo*

Namibia

Equatorial Guinea*

Chad*

Rwanda*

Mauritania*

Malawi

Togo*

South Sudan*

Sierra Leone*

Liberia*

Burundi

Lesotho

Central African Republic*

Eritrea*

Cabo Verde

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What is the size of Tanzania’s population?

Tanzania’s population of around 62.1 million is the 4th largest in Sub-Saharan Africa

Source: CIA World Fact book, UN’s World Population Prospects: The 2019 Revision

219.5

110.9

105.0

62.1

57.0

54.7

46.8

44.7

32.4

30.9

Nigeria

Ethiopia

DR Congo

Tanzania

South Africa

Kenya

Sudan

Uganda

Ghana

Mozambique

2.479%

2.420%

3.015%

2.865%

1.145%

2.186%

2.365%

2.678%

2.039%

2.818%

Population in Sub-Saharan AfricaTop 10 countries, Million, July 2021 est.

Population GrowthAvg. Annual Rate of Change, Medium fertility, 2020-2025

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America: USD 1800 (74% saving)Argentina (4) Bolivia (2) Brazil (4) Canada (4)

Chile (4) Colombia (4) Costa Rica (2) Ecuador (2)

El Salvador (2) Honduras (2) Mexico (4) Panama (2)

Paraguay (2) Peru (4) United States (4) Uruguay (4)

Asia Pacific: USD 2500 (77% saving)Australia (4) Azerbaijan (2) Bangladesh (2) Brunei (2)

Cambodia (2) China (4) Hong Kong (4) India (4)

Indonesia (4) Japan (4) Kazakhstan (2) Laos (2)

Malaysia (4) Mongolia (4) Myanmar (2) Nepal (2)

New Zealand (4) Pakistan (2) Philippines (4) Singapore (4)

South Korea (4) Sri Lanka (4) Taiwan (4) Thailand (4)

Vietnam (4)

Europe: USD 4100 (77% saving)Albania (4) Armenia (4) Austria (4) Belarus (4)

Belgium (4) Bosnia and Herzegovina (4) Bulgaria (4) Croatia (4)

Cyprus (4) Czech republic (4) Denmark (4) Estonia (4)

Finland (4) France (4) Georgia (4) Germany (4)

Greece (4) Hungary (4) Iceland (4) Ireland (4)

Israel (4) Italy (4) Latvia (4) Lithuania (4)

Luxembourg (4) Malta (4) Netherlands (4) Norway (4)

Poland (4) Portugal (4) Romania (4) Russia (4)

Serbia (4) Slovakia (4) Slovenia (4) Spain (4)

Sweden (4) Switzerland (4) Turkey (4) Ukraine (4)

United Kingdom (4)

Middle East and Africa: USD 2500 (76% saving)Algeria (2) Bahrain (2) Benin (2) Botswana (2)

Cameroon (2) Cote d'Ivoire (2) Egypt (2) Ethiopia (2)

Ghana (2) Guinea (2) Jordan (2) Kenya (2)

Kuwait (2) Mauritius (2) Morocco (2) Nigeria (4)

Oman (2) Qatar (2) Rwanda (2) Saudi Arabia (2)

Senegal (2) South Africa (4) Tanzania (2) UAE (2)

( ) Number of issues per year

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