TANZANIA

Please don’t stop the music

C3

SENSITIVE RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD 45.63bn (World Ranking 84, World Bank 2015)
Population 53.47mn (World Ranking 26, World Bank 2015)
Form of state Republic
Head of government John Pombe Magufuli
Next elections October 2020, presidential and legislative 
  • 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)

Exports Rank Imports
India 15%
1
29% China
Switzerland 14%
2
17% India
United Arab Emirates 9%
3
6% United Arab Emirates
China 7%
4
5% South Africa
South Africa 6%
5
4% Kenya

Trade structure by product

(% of total)

Exports Rank Imports
Gold, non-monetary (excluding gold ores and concentrates) 25%
1
19% Petroleum, petroleum products and related materials
Vegetables and fruits 14%
2
14% Plastics in primary forms
Metalliferous ores and metal scrap 8%
3
6% Road vehicles
Non metallic mineral manufactures, n.e.s. 8%
4
6% Fertilizers other than group 272
Tobacco and tobacco manufactures 7%
5
4% Electrical machinery, apparatus and appliances, n.e.s.

Contact Euler Hermes

Economic Research Team

research@eulerhermes.com

Contact Stéphane Colliac

Senior Economist for France and Africa

stephane.colliac@eulerhermes.com

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