Upload
others
View
10
Download
0
Embed Size (px)
Citation preview
Charting
TanzaniaCEO’s Guide to The Economy
2H 2021
ECONOMYCharting CEO’s Guide to
The Economy
ECONOMYCharting
CEO’s Guide to The Economy 2
Understand Any Economy in 30 Questions or LessAlbania
Algeria
Argentina
Armenia
Australia
Austria
Azerbaijan
Bahrain
Bangladesh
Belarus
Belgium
Benin
Bhutan
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
Brunei
Bulgaria
Cambodia
Cameroon
Canada
Chile
China
Colombia
Costa Rica
Cote d'Ivoire
Croatia
Cyprus
Czech republic
Denmark
Ecuador
Egypt
El Salvador
Estonia
Ethiopia
Finland
France
Georgia
Germany
Ghana
Greece
Guinea
Honduras
Hong Kong
Hungary
Iceland
India
Indonesia
Iran
Ireland
Israel
Italy
Japan
Jordan
Kazakhstan
Kenya
Kuwait
Kyrgyzstan
Laos
Latvia
Lithuania
Luxembourg
Malaysia
Malta
Mauritius
Mexico
Mongolia
Morocco
Myanmar
Nepal
Netherlands
New Zealand
Nigeria
Norway
Oman
Pakistan
Panama
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Romania
Russia
Rwanda
Saudi Arabia
Senegal
Serbia
Singapore
Slovakia
Slovenia
South Africa
South Korea
Spain
Sri Lanka
Sweden
Switzerland
Taiwan
Tajikistan
Tanzania
Thailand
Turkey
Ukraine
United Arab Emirates
United Kingdom
United States
Uruguay
Venezuela
Vietnam
ECONOMYCharting
CEO’s Guide to The Economy
About Charting EconomyCharting Economy is a global publisher of CEO’s Guide to
The Economy. Our mission is to make it easier for busy
executives to understand the economy.
Contact Our Research Team:
Disclaimer
The facts of this report are believed to be correct at the time of publication
but cannot be guaranteed. Please note that the findings, conclusions and
recommendations that Charting Economy™ delivers will be based on
information gathered in good faith from both primary and secondary
sources, whose accuracy we are not always in a position to guarantee. As
such Charting Economy™ can accept no liability whatever for actions
taken based on any information that may subsequently prove to be
incorrect.
3
ECONOMYCharting
CEO’s Guide to The Economy
• What is the size of Tanzania’s economy?
• What is the size of Tanzania’s population?
• What is the demographic structure of Tanzania? Is it favorable for economic growth?
• How has the structure of GDP changed over the years?
• How much does Tanzania’s economy rely on natural resources?
• How much does Tanzania’s economy rely on external trade?
• Economic Freedom Index: How free is Tanzania’s economy?
• How competitive is Tanzania?
• How are Tanzania’s competitive factors compared to those of other countries?
• How is the minimum wage in Tanzania compared to others in the region?
• Is it easy to do business in Tanzania?
• How good is Tanzania in attracting Foreign Direct Investment?
• What is the level of income for an average person in Tanzania?
• What is the poverty rate in Tanzania, and how does it compare to others?
• How has the unemployment rate in Tanzania changed over recent years?
• How is income distributed in Tanzania, and how does it compare to others?
• What is the current level of human development in Tanzania?
• How has the quality of life changed over the years?
• How many SDG has Tanzania achieved to date?
• What has been the growth rate of Tanzania’s economy over the past ten years, and how does it compare with others?
• What were the key growth drivers for Tanzania’s economy in the last year?
• How much does each sector contribute to the overall growth?
• What is the growth outlook for Tanzania’s economy, and how does it compare with others?
• How early can the economy reopen from the Covid crisis?
• What is the risk of inflation over the next 12 months?
• What is the latest move on Tanzania’s monetary policy?
• What is the health of Tanzania’s banking sector?
• What has been the trend in Tanzania’s fiscal budget deficit?
• Balance of Payment: Where are the key risks?
• Does Tanzania have enough international reserves to service its debt and for import?
• What is the FX risk? How has the currency performed compared to others?
4
The Charting Economy Framework©
Understand Any Economy in 30 Questions or Less
Economic Structure Competitiveness Development Economic Growth Macro Risks
The Long View The Short View
© Charting EconomyThis is a licensed product and is not to be photocopied
ECONOMYCharting
CEO’s Guide to The Economy
Official name: United Republic of Tanzania
Brief history• Shortly after achieving independence from Britain in the early 1960s, Tanganyika and Zanzibar merged to form the United Republic of
Tanzania in 1964
• In 1995, the country held its first democratic elections since the 1970s.
• Zanzibar maintains semi-autonomy and participates in national elections; popular political opposition on the isles led to four contentious
elections since 1995, in which the ruling party claimed victory despite international observers' claims of voting irregularities.
5
Government
Government type: presidential republic
Capital: Dar es Salaam (administrative capital), Dodoma
(legislative capital)
Currency: Tanzanian Shilling (TZS)
Chief of state: President Samia Suluhu HASSAN (since 19 March
2021)
Head of government: President Samia Suluhu HASSAN (since 19
March 2021)
Cabinet: Cabinet appointed by the president from among members
of the National Assembly
Elections:• president and vice president directly elected on the same ballot by
simple majority popular vote for a 5-year term (eligible for a second
term); next to be held in April 2021
• Tanzania National Assembly and Zanzibar House of Representatives -elections last held on 25 October 2015
Geography
Area: 947,300 sq km (#32 in the world)
Land boundaries:
Burundi 589 km, Democratic Republic of the Congo 479 km, Kenya
775 km, Malawi 512 km, Mozambique 840 km, Rwanda 222 km,
Uganda 391 km, Zambia 353 km
Land use (2011est.):
• agriculture: 43.7%
• forest: 37.3%
• other: 19%
Coastline: 1,424 km
Irrigated land: 1,840 sq km (2012)
Natural resources:
hydropower, tin, phosphates, iron ore, coal, diamonds, gemstones, gold, natural gas, nickel
Source: CIA World factbook
Population and society
Population:
62,092,761 (July 2021 est.)
Ethnic group:mainland - African 99% (of which 95% are Bantu consisting of more than
130 tribes), other 1% (consisting of Asian, European, and Arab); Zanzibar -
Arab, African, mixed Arab and African
Language:
Kiswahili or Swahili (official), Kiunguja (name for Swahili in Zanzibar),
English (official, primary language of commerce, administration, and higher
education), Arabic (widely spoken in Zanzibar), many local languages
Religions:Christian 61.4%, Muslim 35.2%, folk religion 1.8%, other 0.2%, unaffiliated
1.4% (2010 est.)
Working age population (15-64 yr): 54.2%
Population growth rate: 2.81% (2021 est.)
Tanzania
ECONOMYCharting
CEO’s Guide to The Economy
1. Economic Structure2. Competitiveness
3. Economic Development
4. Economic Growth
5. Macro Risks
Appendix 1: IMF’s forecast
Appendix 2: Doing Business
Part of the country’s economic profile, economic structure section gives readers useful views to understand economic fundamental and determine what matters for the country’s
economy
6
What is the size of Tanzania’s economy?
What is the size of Tanzania’s population?
What is the demographic structure of Tanzania? Is it
favorable for economic growth?
How has the structure of GDP changed over the years?
How much does Tanzania’s economy rely on natural
resources?
How much does Tanzania’s economy rely on external
trade?
Economic Freedom Index: How free is Tanzania’s
economy?
ECONOMYCharting
CEO’s Guide to The Economy 7
What is the size of Tanzania’s economy?
Tanzania is the 7th largest economy in Sub-Saharan Africa
Source: IMF World Economic Outlook Database April 2021
Note: (*) IMF Estimate
Sub-Saharan Africa Top Economies2019 GDP, USD billion, Market Exchange Rate
448.1
351.4
95.4
92.6
89.6
67.0
60.8
58.5
50.4
38.9
37.8
23.3
23.3
19.3
18.3
17.3
16.9
15.7
15.2
14.5
Nigeria
South Africa
Kenya
Ethiopia
Angola
Ghana
Tanzania
Cote d'Ivoire*
DR Congo
Cameroon
Uganda
Zambia
Senegal
Zimbabwe
Botswana
Mali*
Gabon
Burkina Faso*
Mozambique
Madagascar*
14.4
14.0
13.8
12.9
12.5
12.5
11.0
10.9
10.1
7.9
7.7
7.2
4.1
4.1
3.1
3.0
2.3
2.3
2.0
2.0
Benin
Mauritius*
Guinea*
Niger
Republic of Congo*
Namibia
Equatorial Guinea*
Chad*
Rwanda*
Mauritania*
Malawi
Togo*
South Sudan*
Sierra Leone*
Liberia*
Burundi
Lesotho
Central African Republic*
Eritrea*
Cabo Verde
ECONOMYCharting
CEO’s Guide to The Economy 8
What is the size of Tanzania’s population?
Tanzania’s population of around 62.1 million is the 4th largest in Sub-Saharan Africa
Source: CIA World Fact book, UN’s World Population Prospects: The 2019 Revision
219.5
110.9
105.0
62.1
57.0
54.7
46.8
44.7
32.4
30.9
Nigeria
Ethiopia
DR Congo
Tanzania
South Africa
Kenya
Sudan
Uganda
Ghana
Mozambique
2.479%
2.420%
3.015%
2.865%
1.145%
2.186%
2.365%
2.678%
2.039%
2.818%
Population in Sub-Saharan AfricaTop 10 countries, Million, July 2021 est.
Population GrowthAvg. Annual Rate of Change, Medium fertility, 2020-2025
ECONOMYCharting
CEO’s Guide to The Economy 9
America: USD 1800 (74% saving)Argentina (4) Bolivia (2) Brazil (4) Canada (4)
Chile (4) Colombia (4) Costa Rica (2) Ecuador (2)
El Salvador (2) Honduras (2) Mexico (4) Panama (2)
Paraguay (2) Peru (4) United States (4) Uruguay (4)
Asia Pacific: USD 2500 (77% saving)Australia (4) Azerbaijan (2) Bangladesh (2) Brunei (2)
Cambodia (2) China (4) Hong Kong (4) India (4)
Indonesia (4) Japan (4) Kazakhstan (2) Laos (2)
Malaysia (4) Mongolia (4) Myanmar (2) Nepal (2)
New Zealand (4) Pakistan (2) Philippines (4) Singapore (4)
South Korea (4) Sri Lanka (4) Taiwan (4) Thailand (4)
Vietnam (4)
Europe: USD 4100 (77% saving)Albania (4) Armenia (4) Austria (4) Belarus (4)
Belgium (4) Bosnia and Herzegovina (4) Bulgaria (4) Croatia (4)
Cyprus (4) Czech republic (4) Denmark (4) Estonia (4)
Finland (4) France (4) Georgia (4) Germany (4)
Greece (4) Hungary (4) Iceland (4) Ireland (4)
Israel (4) Italy (4) Latvia (4) Lithuania (4)
Luxembourg (4) Malta (4) Netherlands (4) Norway (4)
Poland (4) Portugal (4) Romania (4) Russia (4)
Serbia (4) Slovakia (4) Slovenia (4) Spain (4)
Sweden (4) Switzerland (4) Turkey (4) Ukraine (4)
United Kingdom (4)
Middle East and Africa: USD 2500 (76% saving)Algeria (2) Bahrain (2) Benin (2) Botswana (2)
Cameroon (2) Cote d'Ivoire (2) Egypt (2) Ethiopia (2)
Ghana (2) Guinea (2) Jordan (2) Kenya (2)
Kuwait (2) Mauritius (2) Morocco (2) Nigeria (4)
Oman (2) Qatar (2) Rwanda (2) Saudi Arabia (2)
Senegal (2) South Africa (4) Tanzania (2) UAE (2)
( ) Number of issues per year
SUBSCRIBEto find all the answers
Individual Economy: USD 440 / yearKindly contact [email protected]
Charting Economy™ | Visually Explaining Economies Around the World | www.ChartingEconomy.com