Thursday, 15 November 2012

Tanzania Economy

The G.D.P of Tanzania is $20.74 billion per year by 2008 estimate ranking 101st in the world, GDP at parity is $54.38 billion per year while the real GDP is $20.74 billion per year, GDP per capita $502 per person per year, GDP real growth +7.46 percent per year 2008 estimate, Gini index 0.376 by 2007 estimate, consumer price inflation is +6.2% per year by 2010 estimate and unemployment 4.3% by 2006 estimate. The currency of Tanzania is shilling; the currency code is (TZS). The main exports of Tanzania includes Gold, sisal, cloves, coffee, cotton, cashew nuts, minerals, tobacco which are the major sources of the country's income. According to the records by the World Bank in 2010 GNI per capital is US $530. Tanzania had many exportable minerals and a developing agricultural system. This is due to the effort made by the Tanzanian government in improving the agriculture sector . The tourism sector is among the major contributors of the country’s economy.

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