The Economy of Tanzania
Tanzania at a Glance
Tanzania is East Africa's large, farming-based economy, rich in gold, gas and wildlife, and a lower-middle-income country of over 60 million people.
Tanzania was formed in 1964 through the union of mainland Tanganyika and the islands of Zanzibar, and it has one of the fastest-growing populations in the world.
Structure
Agriculture employs most people, while gold, tourism and services earn the most foreign currency.
Stability
It has been politically stable compared with many neighbours, and Swahili unites its many ethnic groups.
Challenges
Low productivity, a young population needing jobs, and dependence on a few exports.
Swahili, taught in schools, helped Tanzania avoid the ethnic divisions seen elsewhere.
Farming and mining matter greatly.
- Tanzania is a union of Tanganyika and Zanzibar.
- Farming employs most people.
- Gold and tourism earn dollars.
- Its population is young and growing.
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