Tanzania

Acing the catch-up

C3

SENSITIVE RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade. We have always the best solution for your needs

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GDP
USD62,4bn (World ranking 74, World Bank 2020)
Population
59,73mn (World ranking 23, World Bank 2020)
Form of state

Presidential republic

Head of state John Pombe Magufuli
Next elections 2025, general
  • Substantial natural resource base, with offshore natural gas now supplementing mining (including gold) and agriculture.
  • Generally stable politically, with pro-market government with large parliamentary majority.
  • Strong IFI and donor support.
  • Strong inward investment flows.
  • Strong GDP growth.
  • External debt relief under the HIPC initiative and debt forgiveness under G8 auspices.
  • Tanzania is still a low-income country and poverty is pervasive.
  • Perceptions of corruption remain high.
  • Secessionist tensions and periodic violence involving the semi-autonomous islands of Zanzibar.
  • Fiscal (before grants) and current account deficits.
  • Dependence on external funding.
  • Weak structural business environment.

Trade structure by destination/origin

(% of total, 2020)

Exports Rank Imports
India 15.9%
1
24.3% China
Algeria 10.2%
2
14.7% India
United Arab Emirates 6.4%
3
9.7% United Arab Emirates
Dem. Rep. of the Congo 5.9%
4
6.5% Saudi Arabia
South Africa 5.3%
5
4.0% South Africa

Trade structure by product

(% of total, 2020)

Exports Rank Imports
Gold, non-monetary (excluding gold ores and concentrates) 21.4%
1
16.5% Petroleum, petroleum products and related materials
Tobacco and tobacco manufactures 12.7%
2
8.1% Road vehicles
Vegetables and fruits 10.2%
3
4.8% Iron and steel
Non metallic mineral manufactures, n.e.s. 5.5%
4
4.7% Non-ferrous metals
Non-ferrous metals 4.5%
5
3.9% Specialised machinery
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