In the last twenty years, the United Republic of Tanzania (Africa) has shifted from a centrally planned economy to an open market Economy, thanks to the good governance, private sector promotion, international trade liberalization, and foreign direct investment policies
In the last eight years, Tanzania recorded an economic growth of 6%
The main drivers of the Tanzanian economic growth are private consumption, exports and gross fixed capital, tourism revenues, agriculture, construction, industry, services, foreign direct investment, and foreign aid
Tanzanian GDP: 23.2 billion dollars
GDP real growth rate: 6.1%: agriculture (28%), industry (24%), and services (48%)
Tanzanian services exports (travel, insurance) incomes rose by 14.1%
Inflation in Tanzania: 17.4%
Top Tanzanian export products: gold, coffee, cashew nuts, and cotton
Top Tanzanian export partners: China, India, Japan, and the Emirates
Top Tanzanian import products: consumer goods, machinery, Transport
equipment, industrial raw materials, and crude oil
Top Tanzanian import partners: China, India, South Africa, and Kenya