Economy of Tanzania

The United Republic of Tanzania is the second largest economy in the East African Community and the twelfth largest in Africa. The country is largely dependent on agriculture for employment, accounting for about half of the employed workforce. An estimated 34 percent of Tanzanians currently live in poverty. The economy has been transitioning from a command economy to a market economy since 1985. Although total GDP has increased since these reforms began, GDP per capita dropped sharply at first, and only exceeded the pre-transition figure in around 2007.

Following the rebasing of the economy in 2014, the GDP increased by a third to $41.33 billion.

History

Significant measures have been taken to liberalize the Tanzanian economy along market lines and encourage both foreign and domestic private investment. Beginning in 1986, the Government of Tanzania embarked on an adjustment program to dismantle the socialist (Ujamaa) economic controls and encourage more active participation of the private sector in the economy. The program included a comprehensive package of policies which reduced the budget deficit and improved monetary control, substantially depreciated the overvalued exchange rate, liberalized the trade regime, removed most price controls, eased restrictions on the marketing of food crops, freed interest rates, and initiated a restructuring of the financial sector.

Tanzania

Coordinates: 6°18′25″S 34°51′14″E / 6.307°S 34.854°E / -6.307; 34.854

Tanzania /ˌtænzəˈniːə/, officially the United Republic of Tanzania (Swahili: Jamhuri ya Muungano wa Tanzania), is a country in East Africa within the African Great Lakes region. It is bordered by Kenya and Uganda to the north; Rwanda, Burundi, and the Democratic Republic of the Congo to the west; Zambia, Malawi, and Mozambique to the south; and the Indian Ocean to the east. Kilimanjaro, Africa's highest mountain, is in northeastern Tanzania.

Tanzania is one of the poorest countries in the world. Tanzania's population of 51.82 million (2014) is diverse, composed of several ethnic, linguistic, and religious groups. Tanzania is a presidential constitutional republic, and since 1996, its official capital has been Dodoma, where the President's Office, the National Assembly, and some government ministries are located.Dar es Salaam, the former capital, retains most government offices and is the country's largest city, principal port, and leading commercial centre.

Tanzania (genus)

Tanzania is a spider genus of the Salticidae family (jumping spiders), with three described species that all occur in the Mkomazi Game Reserve of Tanzania.

Description

These minute spiders range in body length from 1.5 to 3 mm. Both sexes look alike, but the females are sometimes darker.

Relationships

This genus is related to the genera Euophrys and Talavera.

Name

The genus name is derived from Lilliput, a land in Jonathan Swift's book Gulliver's Travels that is inhabited by minute people.

Species

References

External links