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Encyclopedia > Economy of Tanzania
Economy of Tanzania
Currency Tanzanian shilling (TZS)
Fiscal year 1 July - 30 June
Trade organisations AU, WTO
Statistics [1]
GDP ranking 104th (2004) [2]
GDP $23.71 billion (2004)
GDP growth 5.8% (2004)
GDP per capita $700 (2004)
GDP by sector agriculture (43.2%), industry (17.2%)

services (39.6%) (2004) The current curency used in Tanzania, althought the wide spread use of U.S. Dollars is accepted. ... The current curency used in Tanzania, althought the wide spread use of U.S. Dollars is accepted. ... The abbreviation Au or AU may refer to: Computing the . ... For other uses of the initials WTO, see WTO (disambiguation). ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... Services are: plural of service Tertiary sector of industry IRC services Web services the name of a first-class cricket team in India This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ...

Inflation 5.4% (2004)
Pop below poverty line 36% (2002)
Labour force 19 million (2002)
Labour force by occupation agriculture (80%), industry and services (20%) (2002)
Unemployment N/A (2004)
Main industries agricultural processing (sugar, beer, cigarettes, sisal twine), diamond, gold and iron mining, soda ash, oil refining, shoes, cement, apparel, wood products, fertilizer, salt
Trading Partners [3]
Exports $1.248 billion (2004)
Export - Commodities gold, coffee, cashew nuts, manufactures, cotton
Main partners India 10.2%, Netherlands 6.8%, Japan 6.1%, UK 5.3%, China 5.2%, Kenya 4.8%, Germany 4.4% {2004)
Imports $1.972 billion (2004)
Imports - Commodities consumer goods, machinery and transportation equipment, industrial raw materials, crude oil
Main Partners South Africa 13.1%, China 8.8%, India 6.6%, Zambia 5.4%, UAE 5.4%, US 4.8%, UK 4.8%, Kenya 4.3% {2004)
Public finances [4]
Public debt 5% of GDP {2004)
Revenues $1.985 billion 2004)
Expenses $2.074 billion (2004)
Economic aid $1.2 billion (2001)

Contents

2004 is a leap year starting on Thursday of the Gregorian calendar. ... The poverty line is the level of income below which one cannot afford to purchase all the resources one requires to live. ... 2002 is a common year starting on Tuesday of the Gregorian calendar. ... 2002 is a common year starting on Tuesday of the Gregorian calendar. ... Services are: plural of service Tertiary sector of industry IRC services Web services the name of a first-class cricket team in India This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... 2002 is a common year starting on Tuesday of the Gregorian calendar. ... Dorothea Langes Migrant Mother depicts destitute pea pickers in California during the Great Depression. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... A sugar is a carbohydrate which is sweet to taste. ... A typical mug of lager beer, showing the golden colour of the beer and the foamy head floating on top. ... A cigarette will burn to ash on one end. ... Twine is a strong thread composed of two or three smaller threads or strands twisted together, and used for various purposes, as for binding small parcels, making nets, and the like; a small cord or string. ... A scattering of round-brilliant cut diamonds shows off the many reflecting facets. ... General Name, Symbol, Number gold, Au, 79 Chemical series transition metals Group, Period, Block 11, 6, d Appearance metallic yellow Atomic mass 196. ... General Name, Symbol, Number iron, Fe, 26 Chemical series transition metals Group, Period, Block 8, 4, d Appearance lustrous metallic with a grayish tinge Atomic mass 55. ... Sodium carbonate or soda ash, Na2CO3, is a sodium salt of carbonic acid. ... Oil is a generic term for organic liquids that are not miscible with water. ... shoe for right foot A shoe is a piece of footwear for humans, less than a boot and more than a slipper. ... In the general sense, a cement (Latin caementum) is any material with adhesive properties. ... (See also List of types of clothing) Introduction Humans often wear articles of clothing (also known as dress, garments or attire) on the body (for the alternative, see nudity). ... A tree trunk as found at the Veluwe, The Netherlands Wood is an organic material found as the primary content of the stems of woody plants, especially trees, but also shrubs. ... Fertilizers or fertilisers are compounds given to plants with the intention of promoting growth; they are usually applied either via the soil, for uptake by plant roots, or by foliar spraying, for uptake through leaves. ... In chemistry, salt is a term used for ionic compounds composed of positively charged cations and negatively charged anions, so that the product is neutral and without a net charge. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... General Name, Symbol, Number gold, Au, 79 Chemical series transition metals Group, Period, Block 11, 6, d Appearance metallic yellow Atomic mass 196. ... Coffee beans and a cup of coffee Coffee as a drink, usually served hot, is prepared from the roasted seeds (beans) of the coffee plant. ... Binomial name Anacardium occidentale L. The Cashew Anacardium occidentale is a tree in the flowering plant family, Anacardiaceae. ... Cotton is a soft fibre that grows around the seeds of the cotton plant, a shrub native to the tropical and subtropical regions of both the Old World and the New World. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... A machine is any mechanical or electrical device that transmits or modifies energy to perform or assist in the performance of tasks. ... material is the substance or matter from which something is or can be made, or also items needed for doing or creating something. ... Oil is a generic term for organic liquids that are not miscible with water. ... UAE redirects here; for other uses of that term, see UAE (disambiguation) The United Arab Emirates is an oil-rich country situated in the south-east of the Arabian Peninsula in Southwest Asia, comprising seven emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain. ... Wikiquote has a collection of quotations by or about: United States Wikinews has news related to this article: United States United States government CIA World Factbook Entry for United States House. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2001 is a common year starting on Monday of the Gregorian calendar, and also: The International Year of the Volunteer The United Nations Year of Dialogue Among Civilizations Events January January 1 - A black monolith measuring approximately nine feet tall appears in Seattles Magnuson Park, placed by an anonymous...


History

Significant measures have been taken to liberalize the Tanzanian economy along market lines and encourage both foreign and domestic private investment. Beginning in 1986, the Government of Tanzania embarked on an adjustment program to dismantle socialist economic controls and encourage more active participation of the private sector in the economy. The program included a comprehensive package of policies which reduced the budget deficit and improved monetary control, substantially depreciated the overvalued exchange rate, liberalized the trade regime, removed most price controls, eased restrictions on the marketing of food crops, freed interest rates, and initiated a restructuring of the financial sector. Investment is a term with several closely-related meanings in finance and economics. ... 1986 is a common year starting on Wednesday of the Gregorian calendar. ... The color red and particularly the red flag are traditional symbols of Socialism. ... The private sector of a nations economy consists of those entities which are not controlled by the state - i. ... A budget deficit occurs when an entity (often a government) spends more money than it takes in. ... An interest rate is the rental price of money. ...


As of October 2003, a new, 3-year Poverty Reduction and Growth Facility (PRGF) was in negotiation. In June 2003, the Tanzanian Government successfully completed a previous three-year PRGF arrangement with the International Monetary Fund, the successor program to the ESAF. From 1996-1999, Tanzania had an ESAF agreement. Tanzania also embarked on a major restructuring of state-owned enterprises. The program has so far divested 335 out of some 425 parastatal entities. Overall, real economic growth has averaged about 4% a year, much better than the previous 20 years, but not enough to improve the lives of average Tanzanians. Also, the economy remains overwhelmingly donor-dependent. Moreover, Tanzania has an external debt of $7.9 billion. The servicing of this debt absorbs about 40% of total government expenditures. Tanzania has qualified for debt relief under the enhanced Highly Indebted Poor Countries (HIPC) initiative. Debts worth over $6 billion were canceled following implementation of the Paris Club VII Agreement. October is the tenth month of the year in the Gregorian Calendar and one of seven Gregorian months with the length of 31 days. ... 2003(MMIII) is a common year starting on Wednesday of the Gregorian calendar. ... A boy from an East Cipinang trash dump slum in Jakarta, Indonesia shows his find. ... June is the sixth month of the year in the Gregorian Calendar and one of four with the length of 30 days. ... The flag of the International Monetary Fund (IMF) The International Monetary Fund (IMF) is the international organization entrusted with overseeing the global financial system by monitoring foreign exchange rates and balance of payments, as well as offering technical and financial assistance when asked. ... 1996 is a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ... 1999 is a common year starting on Friday Anno Domini (or the Current Era), and was designated the International Year of Older Persons by the United Nations. ... Allegorical personification of Charity as a mother with three infants by Anthony van Dyck Charity is a term in Christian theology (one of the three theological virtues), meaning loving kindness towards others; it is held to be the ultimate perfection of the human spirit, because it is said to both... Debt is that which is owed. ... The Heavily Indebted Poor Countries (HIPC) initiative aims at assisting the worlds poorest countries by bringing their external debt to sustainable levels, conditional on their governments showing satisfactory performance levels. ...


Agriculture

Agriculture dominates the economy, providing more than 60% of GDP and 80% of employment. Cash crops, including coffee, tea, cotton, cashews, sisal, cloves, and pyrethrum, account for the vast majority of export earnings. The volume of all major crops--both cash and goods, which have been marketed through official channels--have increased over the past few years, but large amounts of produce never reach the market. Poor pricing and unreliable cash flow to farmers continue to frustrate the agricultural sector. Employment is a contract between two parties, one being the employer and the other being the employee. ... In agriculture, a cash crop is a crop which is sold for money. ... Coffee beans and a cup of coffee Coffee as a drink, usually served hot, is prepared from the roasted seeds (beans) of the coffee plant. ... A hot cup of tea A tea bush. ... Cotton is a soft fibre that grows around the seeds of the cotton plant, a shrub native to the tropical and subtropical regions of both the Old World and the New World. ... Binomial name Anacardium occidentale L. The Cashew Anacardium occidentale is a tree in the flowering plant family, Anacardiaceae. ... SISAL (Streams and Iteration in a Single Assignment Language) is a general-purpose single assignment functional programming language with strict semantics, automatic parallelisation, and efficient array handling. ... This article is about spices, the word clove is also used to describe a segment of a head of garlic and a clove hitch is a useful kind of knot. ... Pyrethrum (Chrysanthemum cinerariaefolium, Family Asteraceae) is a perennial African plant with a daisy-like appearance and white, pink or red flowers. ... Supermarket produce section Produce is a general term for a group of farm-produced goods, generally limited to fruits and vegetables. ...


Industry

Accounting for only about 10% of GDP, Tanzania's industrial sector is one of the smallest in Africa. It has been hit hard recently by persistent power shortages caused by low rainfall in the hydroelectric dam catchment area, a condition compounded by years of neglect and bad management at the state-controlled electric company. Management of the electric company was contracted to the private sector in 2003. Africa is the worlds second-largest continent and second most populous after Asia. ... In meteorology, precipitation is any kind of water that falls from the sky as part of the weather. ... Hydroelectric dam diagram The waters of Llyn Stwlan, the upper reservoir of the Ffestiniog Pumped-Storage Scheme in north Wales, can just be glimpsed on the right. ...


The main industrial activities include producing raw materials, import substitutes, and processed agricultural products. Foreign exchange shortages and mismanagement continue to deprive factories of much-needed spare parts and have reduced factory capacity to less than 30%.


Despite Tanzania's past record of political stability, an unattractive investment climate has discouraged foreign investment. Government steps to improve that climate include redrawing tax codes, floating the exchange rate, licensing foreign banks, and creating an investment promotion center to cut red tape. In terms of mineral resources and the largely untapped tourism sector, Tanzania could become a viable and attractive market for U.S. goods and services. This article is about minerals in the geologic sense; for nutrient minerals see dietary mineral; for the band see Mineral (band). ... Natural resources are commodities that are considered valuable in their relatively unmodified (natural) form. ... A tourist boat travels the River Seine in Paris, France Beaches make popular tourist resorts Tourist redirects here; for the album by Athlete, see Tourist (album) Tourism can be defined as the act of travel for the purpose of recreation, and the provision of services for this act. ...


Zanzibar

Zanzibar's economy is based primarily on the production of cloves (90% grown on the island of Pemba), the principal foreign exchange earner. Exports have suffered with the downturn in the clove market. Tourism is an increasingly promising sector, and a number of new hotels and resorts have been built in recent years. Map of Zanzibars main island Zanzibar, Tanzania, comprises a pair of islands off the east coast of Africa called Zanzibar (Unguja) (1994 est. ... This article is about spices, the word clove is also used to describe a segment of a head of garlic and a clove hitch is a useful kind of knot. ... This article is about the island. ...


The Government of Zanzibar has been more aggressive than its mainland counterpart in instituting economic reforms and has legalized foreign exchange bureaus on the islands. This has loosened up the economy and dramatically increased the availability of consumer commodities. Furthermore, with external funding, the government plans to make the port of Zanzibar a free port. Rehabilitation of current port facilities and plans to extend these facilities will be the precursor to the free port. The island's manufacturing sector is limited mainly to import substitution industries, such as cigarettes, shoes, and process agricultural products. In 1992, the government designated two export-producing zones and encouraged the development of offshore financial services. Zanzibar still imports much of its staple requirements, petroleum products, and manufactured articles. Categories: Stub | Commercial item transport and distribution | Transportation ... A cigarette will burn to ash on one end. ... shoe for right foot A shoe is a piece of footwear for humans, less than a boot and more than a slipper. ... 1992 was a leap year starting on Wednesday. ... A staple food is a basic but nutritious food that forms the basis of a traditional diet, particularly that of the poor. ... Nodding donkey pumping an oil well near Sarnia, Ontario, 2001 Petroleum (from Greek petra – rock and oleum – oil), crude oil, sometimes colloquially called black gold, is a thick, dark brown or greenish liquid. ...


See also

The economy of Africa comprises more than 800 million people in 54 different states. ... This is a list of Tanzanian companies // A African Trade Development (T) Limited farm machinery, hides and skins Afro Cooling Systems Limited radiators, accessories Afro Leather Industries Limited leather goods Aluminium Africa Limited corrugated roofing, pipes Amboni Limited plastic sheets, sisal Anishas Limited timber and timber products Arusha Galvanising...

References

  • Confederation of Tanzanian Industries
  • CIA World Factbook


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  Results from FactBites:
 
Tanzania - Wikipedia, the free encyclopedia (2145 words)
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