Ludwig von Mises Institute

Tanzania

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Country summary

Capital

Dar es Salaam

Borders

Burundi 451 km, Democratic Republic of the Congo 459 km, Kenya 769 km, Malawi 475 km, Mozambique 756 km, Rwanda 217 km, Uganda 396 km, Zambia 338 km

Government type

republic

Population

41,048,532[1]

Population growth

2.04% (2010 est.)[1]

Life expectancy

52.01 years[1]

Unemployment

NA%[1]

Index of Economic Freedom

97[2]

Corruption Perceptions Index

126[3]

Doing Business ranking

131[4]


Shortly after achieving independence from Britain in the early 1960s, Tanganyika and Zanzibar merged to form the nation of Tanzania in 1964. One-party rule came to an end in 1995 with the first democratic elections held in the country since the 1970s. Zanzibar's semi-autonomous status and popular opposition have led to two contentious elections since 1995, which the ruling party won despite international observers' claims of voting irregularities.[1]

Economical characteristics[edit]

  • Currency: Tanzanian shilling (ISO code: TZS)
  • Central bank discount rate: 3.7% (31 December 2009)[1]
  • Commercial banks lending rate: 15.03% (31 December 2009 )[1]
  • Stock of money (M1): $2.464 billion (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $3.362 billion (31 December 2008)[1]

Notable events:[edit]

Statistics[edit]

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[6] 8 638 9 079 9 441 9 758 10 283 11 351 14 142 14 331 16 826 20 490
Govt. debt (% of GDP)[7]
Govt. revenue (% of GDP)[8]
Govt. expenses (% of GDP)[9]
Debt to revenue (years)

References[edit]

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Factbook. "Tanzania", from The World Factbook. Referenced 2010-10-05.
  2. ↑ Heritage Foundation. "Tanzania", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-05.
  3. ↑ Transparency International. "Tanzania", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-10-05.
  4. ↑ Doing Business. "Tanzania", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-05.
  5. ↑ Carmen M. Reinhart and Kenneth S. Rogoff. "This Time is Different", Princeton University Press, ISBN 978-0-691-14216-6, p. 385. (The list does not claim to be complete.) Referenced 2011-07-21.
  6. ↑ World Bank. "Tanzania: GDP", from World Bank Data. Referenced 2010-10-05.
  7. ↑ World Bank. "Tanzania: government debt", from World Bank Data. Referenced 2010-10-05.
  8. ↑ World Bank. "Tanzania: government revenue", from World Bank Data. Referenced 2010-10-05.
  9. ↑ World Bank. "Tanzania: government expenses", from World Bank Data. Referenced 2010-10-05.

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