TZ

OVERVIEW

  • GDP estimated at $28.24 billion in 2012 (World Development Indicators, WB)
  • Per capita GDP was $591.04 in 2012 (WB)
  • Population estimated at 47.78 million in 2012 (WB), most populous in EAC
  • The underdeveloped state of the national electricity grid constrains growth (EIU)
  • Mineral exports are projected to grow; construction and telecommunications industries are expanding (EIU)
  • World Bank ranks Tanzania 145th out of 189 economies for ease of doing business (WB Doing Business, 2014)
  • Primary imports are fuel oil (not crude), wheat, flat hot-rolled iron, and polyethylene (GTIS)
  • Primary exports are unwrought gold, semi manufactured gold, precious metal ores, manganese ores, and unroasted coffee (GTIS)
  • The World Economic Forum identified the most problematic factors for doing business as limited access to financing, corruption, high tax rates, inadequate supply of infrastructure, and inflation (WEF)

 

EASE OF TRADING ACROSS BORDERS – TANZANIA

2005 2008 2011 2012 2013
Documents needed to import (number) 13 7 6 10 11
Time needed to import (days) 51 31 24 31 31
Cost to import (US$ per container) 917 1,475 1,430 1,565 1,615
Documents needed to export (number) 8 6 6 6 7
Time needed to export (days) 30 24 18 18 18
Cost to export (US$ per container) 822 1,262 1,255 1,040 1,090
Trading across borders rank (out of 189) N/A N/A 92 122 139

 

THE MOST PROBLEMATIC FACTORS FOR DOING BUSINESS (WORLD ECONOMIC FORUM GLOBAL COMPETITIVE REPORT – 2013-14: PERCENTAGE OF RESPONDENTS)

Problematic Factor Rank (%)
Access to financing 24.2
Corruption 16.9
Tax rates 5.6
Inflation 7.6
Foreign currency regulations 4.8
Inadequate supply of infrastructure 11.5
Policy instability 1.9
Insufficient capacity to innovate 1.0
Inefficient government bureaucracy 10.2
Inadequately educated workforce 5.2
Poor work ethic in national labor force 3.0
Crime and theft 2.8
Restrictive labor regulations 0.8
Tax regulations 3.3
Government instability/coups 0.8
Poor public health 0.7