The Gross Domestic Product (GDP) in Tanzania was worth 79.06 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Tanzania represents 0.07 percent of the world economy. This dataset provides the latest reported value for - Tanzania GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Tanzania TZ: Ease of Doing Business Rank: 1=Most Business-friendly Regulations data was reported at 141.000 NA in 2019. Tanzania TZ: Ease of Doing Business Rank: 1=Most Business-friendly Regulations data is updated yearly, averaging 141.000 NA from Dec 2019 (Median) to 2019, with 1 observations. Tanzania TZ: Ease of Doing Business Rank: 1=Most Business-friendly Regulations data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Tanzania – Table TZ.World Bank.WDI: Business Environment. Ease of doing business ranks economies from 1 to 190, with first place being the best. The ranking of economies is determined by sorting the aggregate ease of doing business scores. A high ranking (a low numerical rank) means that the regulatory environment is conducive to business operation.; ; World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: bit.ly/3CLCbme; ; Data are presented for the survey year instead of publication year. Data before 2013 are not comparable with data from 2013 onward due to methodological changes.

Tanzania TZ: CPIA: Financial Sector Rating: 1=Low To 6=High data was reported at 3.500 NA in 2017. This stayed constant from the previous number of 3.500 NA for 2016. Tanzania TZ: CPIA: Financial Sector Rating: 1=Low To 6=High data is updated yearly, averaging 4.000 NA from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 4.000 NA in 2014 and a record low of 3.500 NA in 2017. Tanzania TZ: CPIA: Financial Sector Rating: 1=Low To 6=High data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Tanzania – Table TZ.World Bank.WDI: Policy and Institutions. Financial sector assesses the structure of the financial sector and the policies and regulations that affect it.; ; World Bank Group, CPIA database (http://www.worldbank.org/ida).; Unweighted average;

Tanzania is the 82 least corrupt nation out of 180 countries, according to the 2024 Corruption Perceptions Index reported by Transparency International. This dataset provides the latest reported value for - Tanzania Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product per capita in Tanzania was last recorded at 1092.86 US dollars in 2023. The GDP per Capita in Tanzania is equivalent to 9 percent of the world's average. This dataset provides the latest reported value for - Tanzania GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2020, Dar es Salaam was the region in Tanzania with the highest Gross Domestic Product (GDP), which amounted to roughly 25.3 trillion Tanzanian shillings (TZS), approximately 10.9 billion U.S. dollars. To follow, the Mwanza region recorded a GDP at about 11 trillion TZS (4.7 billion U.S. dollars). By the same year, Tanzania's GDP reached around 64.4 billion U.S. dollars.

Kenya's Gross Domestic Product (GDP) was estimated to grow by 5.6 percent in 2021. The country has the largest economy in East Africa. Tanzania, which is the secondmain economy in the region, might expand by four percent in the same year. In its turn, the economic growth in Ethiopia was estimated at two percent.

Tanzania TZ: CPIA: Quality of Budgetary and Financial Management Rating: 1=Low To 6=High data was reported at 3.000 NA in 2017. This stayed constant from the previous number of 3.000 NA for 2016. Tanzania TZ: CPIA: Quality of Budgetary and Financial Management Rating: 1=Low To 6=High data is updated yearly, averaging 3.500 NA from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 4.500 NA in 2006 and a record low of 3.000 NA in 2017. Tanzania TZ: CPIA: Quality of Budgetary and Financial Management Rating: 1=Low To 6=High data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Tanzania – Table TZ.World Bank.WDI: Policy and Institutions. Quality of budgetary and financial management assesses the extent to which there is a comprehensive and credible budget linked to policy priorities, effective financial management systems, and timely and accurate accounting and fiscal reporting, including timely and audited public accounts.; ; World Bank Group, CPIA database (http://www.worldbank.org/ida).; Unweighted average;

Government Effectiveness: Percentile Rank in Tanzania was reported at 34.91 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Tanzania - Government Effectiveness: Percentile Rank - actual values, historical data, forecasts and projections were sourced from the World Bank on April of 2025.

Seychelles had the largest Gross Domestic Product (GDP) per capita in Africa as of 2024. The value amounted to 21,630 U.S. dollars. Mauritius followed with around 12,330 U.S. dollars, whereas Gabon registered 8,840 U.S. dollars. GDP per capita is calculated by dividing a country’s GDP by its population, meaning that some of the largest economies are not ranked within the leading ten. Impact of COVID-19 on North Africa’s GDP When looking at the GDP growth rate in Africa in 2024, Libya had the largest estimated growth in Northern Africa, a value of 7.8 percent compared to the previous year. Niger and Senegal were at the top of the list with rates of 10.4 percent and 8.3 percent, respectively. During the COVID-19 pandemic, the impact on the economy was severe. The growth of the North African real GDP was estimated at minus 1.1 percent in 2020. However, estimations for 2022 looked much brighter, as it was set that the region would see a GDP growth of six percent, compared to four percent in 2021.
Contribution of Tourism Various countries in Africa are dependent on tourism, contributing to the economy. In 2023, travel and tourism were estimated to contribute 182.6 billion U.S. dollars, a clear increase from 96.5 in 2020 following COVID-19. As of 2024, South Africa, Mauritius, and Egypt led tourism in the continent according to the Travel & Tourism Development Index.

This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

CPIA quality of budgetary and financial management rating (1=low to 6=high) in Tanzania was reported at 3.5 in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Tanzania - CPIA quality of budgetary and financial management rating (1=low to 6=high) - actual values, historical data, forecasts and projections were sourced from the World Bank on April of 2025.

Political Stability and Absence of Violence/Terrorism: Percentile Rank in Tanzania was reported at 44.08 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Tanzania - Political Stability and Absence of Violence/Terrorism: Percentile Rank - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2025.

Tanzania GOI: Total Rank data was reported at 120.000 NA in 2019. This records a decrease from the previous number of 128.000 NA for 2018. Tanzania GOI: Total Rank data is updated yearly, averaging 120.000 NA from Dec 2017 (Median) to 2019, with 3 observations. The data reached an all-time high of 128.000 NA in 2018 and a record low of 112.000 NA in 2017. Tanzania GOI: Total Rank data remains active status in CEIC and is reported by Milken Institute. The data is categorized under Global Database’s Tanzania – Table TZ.Milken: Global Oportunity Index.

GOI: Weighted Rank data was reported at 117.000 NA in 2019. This records an increase from the previous number of 106.000 NA for 2018. GOI: Weighted Rank data is updated yearly, averaging 112.000 NA from Dec 2017 (Median) to 2019, with 3 observations. The data reached an all-time high of 117.000 NA in 2019 and a record low of 106.000 NA in 2018. GOI: Weighted Rank data remains active status in CEIC and is reported by Milken Institute. The data is categorized under Global Database’s Tanzania – Table TZ.Milken: Global Oportunity Index.

Tanzania TZ: CPIA: Trade Rating: 1=Low To 6=High data was reported at 4.000 NA in 2017. This stayed constant from the previous number of 4.000 NA for 2016. Tanzania TZ: CPIA: Trade Rating: 1=Low To 6=High data is updated yearly, averaging 4.000 NA from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 4.000 NA in 2017 and a record low of 3.500 NA in 2006. Tanzania TZ: CPIA: Trade Rating: 1=Low To 6=High data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Tanzania – Table TZ.World Bank.WDI: Policy and Institutions. Trade assesses how the policy framework fosters trade in goods.; ; World Bank Group, CPIA database (http://www.worldbank.org/ida).; Unweighted average;

Tanzania TZ: CPIA: Debt Policy Rating: 1=Low To 6=High data was reported at 4.000 NA in 2017. This stayed constant from the previous number of 4.000 NA for 2016. Tanzania TZ: CPIA: Debt Policy Rating: 1=Low To 6=High data is updated yearly, averaging 4.000 NA from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 4.000 NA in 2017 and a record low of 4.000 NA in 2017. Tanzania TZ: CPIA: Debt Policy Rating: 1=Low To 6=High data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Tanzania – Table TZ.World Bank.WDI: Policy and Institutions. Debt policy assesses whether the debt management strategy is conducive to minimizing budgetary risks and ensuring long-term debt sustainability.; ; World Bank Group, CPIA database (http://www.worldbank.org/ida).; Unweighted average;

South Africa is expected to register the highest unemployment rate in Africa in 2024, with around 30 percent of the country's labor force being unemployed. Djibouti and Eswatini followed, with unemployment reaching roughly 28 percent and 25 percent, respectively. On the other hand, the lowest unemployment rates in Africa were in Niger and Burundi. The continent’s average stood at roughly seven percent in the same year.

Large shares of youth among the unemployed

Due to several educational, socio-demographic, and economic factors, the young population is more likely to face unemployment in most regions of the world. In 2024, the youth unemployment rate in Africa was projected at around 11 percent. The situation was particularly critical in certain countries. In 2022, Djibouti recorded a youth unemployment rate of almost 80 percent, the highest rate on the continent. South Africa followed, with around 52 percent of the young labor force being unemployed.

Wide disparities in female unemployment

Women are another demographic group often facing high unemployment. In Africa, the female unemployment rate stood at roughly eight percent in 2023, compared to 6.6 percent among men. The average female unemployment on the continent was not particularly high. However, there were significant disparities among African countries. Djibouti and South Africa topped the ranking once again in 2022, with female unemployment rates of around 38 percent and 31 percent, respectively. In contrast, Niger, Burundi, and Chad were far below Africa’s average, as only roughly one percent or lower of the women in the labor force were unemployed.

Tanzania TZ: CPIA: Efficiency of Revenue Mobilization Rating: 1=Low To 6=High data was reported at 4.000 NA in 2017. This stayed constant from the previous number of 4.000 NA for 2016. Tanzania TZ: CPIA: Efficiency of Revenue Mobilization Rating: 1=Low To 6=High data is updated yearly, averaging 4.000 NA from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 4.000 NA in 2017 and a record low of 3.000 NA in 2006. Tanzania TZ: CPIA: Efficiency of Revenue Mobilization Rating: 1=Low To 6=High data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Tanzania – Table TZ.World Bank.WDI: Policy and Institutions. Efficiency of revenue mobilization assesses the overall pattern of revenue mobilization--not only the de facto tax structure, but also revenue from all sources as actually collected.; ; World Bank Group, CPIA database (http://www.worldbank.org/ida).; Unweighted average;

Tanzania TZ: CPIA: Business Regulatory Environment Rating: 1=Low To 6=High data was reported at 3.000 NA in 2017. This records a decrease from the previous number of 3.500 NA for 2016. Tanzania TZ: CPIA: Business Regulatory Environment Rating: 1=Low To 6=High data is updated yearly, averaging 3.500 NA from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 3.500 NA in 2016 and a record low of 3.000 NA in 2017. Tanzania TZ: CPIA: Business Regulatory Environment Rating: 1=Low To 6=High data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Tanzania – Table TZ.World Bank.WDI: Policy and Institutions. Business regulatory environment assesses the extent to which the legal, regulatory, and policy environments help or hinder private businesses in investing, creating jobs, and becoming more productive.; ; World Bank Group, CPIA database (http://www.worldbank.org/ida).; Unweighted average;