Background information on Tanzania

  • Second largest economy in East Africa after Kenya
  • Seventh largest economy in Sub-Saharan Africa
  • 61,7 million people as per the Tanzanian census of 2022
  • Growth rate of 2,7% per year
  • 44 million hectares of arable land with an estimated 29.4 million hectares suitable for irrigation
  • Stable political landscape
  • Gateway to six land-locked countries (Uganda, Rwanda, Burundi, DR Congo, Zambia & Malawi)
  • Three major national ports (Dar es Salaam, Tanga, Mtwara) and access through Mombasa port.
  • In 2020 Tanzania graduated from low-income country (LIC) to lower-middle-income country (LMIC) status.
  • According to the new Global Innovation Index (GII) 2021 report, Tanzania is ranked among the top five of most innovative countries in Sub-Saharan Africa
  • With an inflation rate of 3% in January 2024 and a GDP of 5,3% in the third quarter of 2023 Tanzania is a rapidly growing and stable market (Tanzania National Bureau of Standards).