For Tanzania\'s Economy, answer the following questions. • Growth rate of PPP re
ID: 1165678 • Letter: F
Question
For Tanzania's Economy, answer the following questions.
• Growth rate of PPP real GDP per capita over the last 20 – 30 years – has the growth rate been stable?
• What does the country produce? Are they agriculture or service based?
• What are the major imports and exports and who are the trading partners? Are they in any particular trade groups?
• Where do people work? Formal or informal sector? Can include information about wages, unemployment rates, or other labor issues (as relevant).
• Other items you may include (pick and choose to fit your country)
o Government budget – how large is the tax base?
o Inflation – has this been a problem?
o Infrastructure – is this adequate?
o Education, access to banking services, access to cell phone – anything that is an indicator of productivity
Explanation / Answer
Answer:1
Over the last 20-30 years the growth rate of ppp and real GDP per capita has been increased. The current growth rate of ppp is 163,522 billion and the GDP per capita was 666.8 in 2008 which has increased to 900.52 US$ in 2017.
Answer :2
the country mainly produce agricultural processing and mining• the Tanzanian economy is largely agricultural based. Large numbers of people are engaged in agriculture for employment and it contributes 24.5% to the GDP.
Answer:3
The major imports are intermediate goods, Capital goods and consumer goods.
The major import partners are china, India, US, Germany and UK
The major exports are gold, manufactured goods, tobacco, fish products, cashew etc.
The major export partners are India, china, Japan, Kenya and Belgium
Answer:4
Most of the people are engaged in informal sector as around 50% of population is engaged in agricultural sector for their employment and other than that many labour force is engaged in small works which are unorganised for their livelihood.
Inflation – the inflation rate is 3.4% (as per june 2018) and it has decreased over the year and has reached its lowest since 2003 so it is not a big problem right know.
Unemployment rate : the current unemployment rate is 2.7% (2017)
Infrastructure – definitely the infrastructure development not adequate as Tanzania is still a growing economy.
Poverty line : around 22.8% (2015) population live below poverty line
Education : according to UNESCO the adult literacy rate is 77.89% (2015) in Tanzania
GDP growth rate: the GDP growth rate of Tanzania was 6.5% in the 1st quarter of 2017
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