Economic Development in the United Republic of Tanzania Shafeen

  • The URT is found in eastern africa
  • Bordered by Kenya and Uganda
  • The East side is bordering the Indian Ocean
Basic Information
  • GDP: 10 billion to 45 billion from 2000 to 2016
  • GNI per capita: 920
  • GDP per capita: 1760
  • CO2 emissions: 0.078 to 0.214
  • Life expectancy at birth: 50 to 65
  • Agriculture: 24.5%
  • Industry and construction: 22.2%
  • Services: 44.3
  • Exchange rate is dropping rapidly
Exchange rate from 1980 to 2010
Mean years in school vs Life Expectancy in Years (2009)
Ratio of girls/boys in school vs child mortality rate in 2008
Economic Development

How each of the following has contributed to Economic Development in Tanzania:

  • Education: Girls and boys almost have equal admissions into primary schools however problem arises after reaching secondary school. Only 8 percent of standard two pupils were able to read with grade-level comprehension therefore Education will not be catering for economic development in the country for a long time.
  • Property Rights: Every Tanzanian has their own property by law. Opportunities for increased consumer spendings because of construction, business, etc.
  • The use of appropriate technology: Appropriate Rural Technology Institute Tanzania helps provide accessible and cheap energy thus making the use of appropriate technology easier and more accessible for a wider population.
  • Access to credit (including micro credit): Farmers get microcredit from banks to expand their businesses since farming is a major part of the country's economy.
  • Women's empowerment: Labour force participation is 88.1 per cent for women and 90.2 per cent for men. Slowly increasing for females as government is putting more money into gender equality
International Trade
Exports of Tanzania

They have quite a diverse range of products that they specialise in, however, their biggest exports are gold. Since gold is a natural resource, it is very unreliable so if it were to be completely depleted, a major part of the economy would be affected.

Gold Prices in Singapore Dollars for the past 5 years

Gold prices are very volatile, therefore, having your major export be in such a product is very risky. Prices have dropped significantly from March of 2012 to March of 2017. No one knows for sure where the next big turn will take therefore the future of Tanzania looks very risky.

Access international markets: Tanzania has a relatively low access into the international market because it's imports costs $13.5 billion while their exports only bring in the revenue of $6.4 billion. This is because they have insufficient access into the international market to be exporting to therefore, they do not get much revenue. The gold market is a huge industry with countries who produce gold more efficient and cheap therefore, not making Tanzania their first option. Moreover, since appropriate technology is not that visible for the industry therefore the quality of the gold is also not the best. Tanzania is not even in the top 14 gold producing countries in the world. Tanzania only produces 40 metric tonnes while China produces over 450 metric tonnes.

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