United
Republic of Tanzania has main capital in Dodoma, which is the middle state in
Tanzania. The currency used in Tanzania is called Tanzanian shillings, and the
main language is Kiswahili, and English. The population of Tanzania is
37,849,133 within 945,087 km2 which can be approximated as the size
of Texas State in US. The GDP per capita is 723 in terms of PPP of US$, and a
labor force of 24.06 million ranking it 27th highest labor force in the world.
The
economy in Tanzania depends highly on agriculture which in other words they
call it “kilimo uti wa mgongo” the Swahili phrase for “Agriculture is the backbone
of the economy”. In Tanzania agriculture counts more than 25% of the GPD,
provides 85% of exports, and employs 80% of the work force. The government has
also increased its spending to 7% of its budget to agriculture. Despite the
fact that Tanzania is located just south below the equatorial 00
latitude below Kenya where the heat of the sun is to the extreme, but the best
arable land around the Kilimanjaro mountain is best for coffee and sisal. The
topography and climate condition however, limit cultivated crops to only 4% of
the plantation areas.
It
is obvious that Tanzanian major exports will be based on agriculture which is
tobacco, coffee, cotton, cashewnuts, tea, and cloves. Other exports include
gold, diamond, Tanzanite, (the only mineral mined in Tanzania and not found
anywhere else in the world), and manufacture goods. In 2011 there was a total
of $7 billion external income on export. Tanzanian main export partners are
China 14.2%, India 9.1%, Japan 7.7%,
United Arab Emirates 5.7%, Netherlands 5.5%, Germany 5.1%, and Pakistan 3.1%
data from 2011. In this partnership one would see an influence on payment due
to technological degrade in Tanzania, most of these partner countries have a
huge influence in Tanzanian industries, which deprive the amount of money
earned within the exporting sector.
Tanzania
is one of the fastest growing economies in Africa such that GDP growth in 2009
to 2011 was a suitable 6% per year due to high gold prices and increased
production. It is a promising economy among other African countries, and being
ranked number 43 in the world fact book. The industry sector is counting 22.6%
of the country GDP. The industry has
mainly establish itself on agricultural processing such as sugar, beer,
cigarettes, sisal twine; mining diamonds, gold, and iron, salt, soda ash;
cement, oil refining, shoes, apparel, wood products, fertilizer. The industrial
growth rate in 2012 is 7%
The
exchange rate in Tanzania is 1571.1 T-shilling to a dollar from 2011. During
2011 also Tanzania experienced a shock on the supply side from higher global
price of fuel and regional draught. GDP growth of the first half 2011/2012 was
unchanged from 2010/2011 of 6.5%.
Thus,
Tanzania as any other blessed country with tremendous natural resources could
have been doing better in its GDP, if there were no double standards. “We both
knew that the U.S. Treasury and state departments, in collaboration with the
World Bank and the International Monetary Fund purport to help Third World
countries pull out of recession however, they actually accomplish the reverse.”
One might wonder how is that even possible, if countries in Africa, East Asia,
and South America receiving all those aid, and funds from these big UN
organizations which meant to revive them from poverty; instead those massive loans invested into heavily
capitalized infrastructure projects, combined with privatization, do alleviate
poverty. But, while those loans and projects appeared good on paper, showing
that these countries receiving them enjoyed economic growth, the part that was
not disclosed was that paying off the interest meant diverting funds from
education, health care, and other social services. Sad news is the heavy debts
drove more and more people of these third world countries into poverty and
widening the gap between rich and poor.
Great
news is the government has woke up to educate its citizens especially women and
orphans who most of the time live in high dependency due to illiteracy. The
literacy percentage has been curving up since 2002 and even government has been
accepting donations, sponsors or scholarship for the best performing students to
go study abroad. As of 2012, Tanzania has a great percentage of students
studying in India medicine, Malaysia and in UK.
Countries
with high population growth rate tend to be poor. It is a great relieve to find
out that Tanzania has been working hard to the declining of its population growth
rate since 2000 and it is only working out to help reduce the economic burden
through decline in birth rate from 40.17% in 2000 to 31.81% in 2012. Tanzania
average annual percent change in the population, resulting from a surplus (or
deficit) of births over deaths and the balance of migrants entering and leaving
a country has been mainly affected by
the neighbor countries such as Congo, Rwanda and Burundi immigrants who seek
refuge.
Therefore,
I would like to conclude by saying that Tanzania has higher chances and I am
very positive it will be among the highly developed countries 50 years to come.
This country is on the escalator of developing, and is doing this through
decreasing it’s population growth rate such that since year 2000 which was 2.56% to 2% in 2011
and now being 1.96% in 2012. It is also
improving in terms of the Real GDP growth rate from 5.2% year 2000 to 6.7% in
2012. The government has emphasized education and we can see improvement in the
literacy level. The biggest obstacle in Tanzania is luck of energy and the
government has decided to invest on coal and gas which have been found with in
the country to ensure availability of electricity and help improve the country
in the sector of the industrialization. Tanzania also has much to be proud of
due to its great geographical location which attracts a lot of tourists to the
Kilimanjaro mountain, the safaris like to Serengeti creator, we have the lake
Victoria, Tanganyika and Nyasa, but most importantly we are the country of that
has the Zanzibar Island which is just opposite to Madagascar. The Minister of
Tourism has stepped higher standard to all these natural resources and making
sure all the revenue to the tourism goes straight to the government and not
being used illegally by local leaders through corruptions or other means.
TANZANIA REPORT
|
37,849,133
|
within 945,087 km2
|
|
|
$ 723
|
measured in terms of
purchasing power parity during 2011
|
|
|
$1500
|
“
“
|
|
|
Year 2012=1.96%
|
Year
2011=2%
|
Year
2000=2.56%
|
|
2011= 6.7%
|
2010= 6.5%
|
2000= 5.2%
|
|
2011 = 26.1%
|
2008=22.6%
|
2004=16.2%
|
|
2012= 16.55%
|
2007 = 12.79%
|
2004 =16.16%
|
|
2011/2012
= 34%
|
||
|
2011= 36.1%
|
2008=23.6%
|
|
|
2011=5.43%
|
2008=2.48%
|
1999=0.83%
|
|
2011= 8.65%
|
2008=6.26%
|
1999= 1.44%
|
|
2010 = 7%
|
2008= 9.1%
|
1999= 8.4%
|
|
2011= 12.7%
|
2008=10.3%
|
1999= 8.8%
|
|
2003= 78.2%
|
2002=69.4
|
2003= 78.2%
|
|
2010=6.8%
|
||
|
By 2005 =8.8%
And never change
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||
|
2010 = 6.01%
maximum
|
1960 = 4.58%
minimum
|
