Tanzania Oil production Tanzania Electricity production

Tanzania Economy

Economy - overview:tanzania is one of the poorest countries in the world. the economy depends heavily on agriculture. which accounts for almost half of gdp. provides 85% of exports. and employs 80% of the work force. topography and climatic conditions. however. limit cultivated crops to only 4% of the land area. industry traditionally featured the processing of agricultural products and light consumer goods. the world bank. the international monetary fund. and bilateral donors have provided funds to rehabilitate tanzania's out-of-date economic infrastructure and to alleviate poverty. long-term growth through 2005 featured a pickup in industrial production and a substantial increase in output of minerals. led by gold. recent banking reforms have helped increase private sector growth and investment. continued donor assistance and solid macroeconomic policies supported real gdp growth of more than 6% in 2005.

GDP (purchasing power parity) : $26.62 billion (2005 est.)

Inflation rate: 4% (2005 est.)

Labor force : 19.22 million (2005 est.)

Industries: agricultural processing (sugar. beer. cigarettes. sisal twine). diamond. gold and iron mining. soda ash. oil refining. shoes. cement. apparel. wood products. fertilizer. salt

Tanzania

			Over view
			Geography
			People
			Government
			Economy
			Communications
			Transportation
			Militry

Tanzania More Facts

Electricity - production: 3.152 billion kwh (2003)

Oil - production: 0 bbl/day (2003 est.)

Tanzania More Facts

Exports: $1.581 billion f.o.b. (2005 est.)

Imports : $2.391 billion f.o.b. (2005 est.)
Currency (code) : tanzanian shilling (tzs)