The Real "End of Poverty"



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Economy - overview:


Tanzania is in the bottom ten percent of the world's economies in terms of per capita income. The economy depends heavily on agriculture, which accounts for more than 40% 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 The World Bank, the IMF, and bilateral donors have provided funds to rehabilitate Tanzania's out-of-date economic infrastructure and to alleviate poverty.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 7.1% in 2008.

GDP - per capita (PPP):

$1,400 (2008 est.)


Labor force:


20.38 million (2008 est.)

Labor force - by occupation:


agriculture: 80%
industry and services: 20% (2002 est.)

Budget:


revenues: $4.216 billion
expenditures: $4.658 billion (2008 est.)

Public debt:

22% of GDP (2008 est.)


Inflation rate (consumer prices):


9.3% (2008 est.)

Agriculture - products:


coffee, sisal, tea, cotton, pyrethrum (insecticide made from chrysanthemums), cashew nuts, tobacco, cloves, corn, wheat, cassava (tapioca), bananas, fruits, vegetables; cattle, sheep, goats

Industries:


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

Electricity - production:



2.682 billion kWh (2006 est.)

Electricity - exports:


0 kWh (2007 est.)

Electricity - imports:


123 million kWh (2006 est.)

Oil - consumption:


27,270 bbl/day (2006 est.)

Natural gas - production:

146 million cu m (2006 est.)


Natural gas - consumption:


146 million cu m (2006 est.)

Natural gas - proved reserves:


6.513 billion cu m (1 January 2008 est.)

Current account balance:


-$2.275 billion (2008 est.)

Exports:

$2.49 billion f.o.b. (2008 est.)


Exports - commodities:


gold, coffee, cashew nuts, manufactures, cotton

Exports - partners:


China 10.3%, India 9.7%, Netherlands 6.5%, Germany 6.3%, UAE 4.9% (2007)

Imports:


$5.901 billion f.o.b. (2008 est.)

Imports - commodities:


consumer goods, machinery and transportation equipment, industrial raw materials, crude oil

Imports - partners:


China 12%, Kenya 8%, South Africa 7.7%, India 6.9%, UAE 5.9% (2007)

Reserves of foreign exchange and Gold:


$2.624 billion (31 December 2008 est.)

Debt - external:


$5.311 billion (31 December 2008 est.)

Telephones - mobile


9.358 million (2008)

Internet users:



400,000 (2007)



  

Transportation

   Tanzania






Airports:


124 (2007)

Pipelines:


gas 287 km; oil 891 km (2007)

Railways:


total: 3,690 km
narrow gauge: 969 km 1.067-m gauge; 2,721 km 1.000-m gauge (2006)


Roadways:


total: 78,891 km: paved: 6,808 km; unpaved: 72,083 km (2003)

Waterways:


Lake Tanganyika, Lake Victoria, and Lake Nyasa principal avenues of commerce with neighboring countries; rivers not navigable (2007)

Ports and terminals:


Dar es Salaam










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