- Jul 29, 2006
- Tanzania stands out as a model of sound economic performance with a growth rate of over six percent in 2011 and 2012
- The fiscal deficit declined in 2011/12 for the first time in four years to five percent of GDP
- Despite these successes, growth has failed to impact those who make up 80 percent of the country's (mostly rural) population
- In economic terms, Tanzania was a rock of stability in 2011/12, recording solid growth and strengthened fiscal discipline despite increases in the rate of inflation.
- Tanzania's economic prospects look positive over the period for 2012-14 when its GDP is forecast to grow at a rate of 6.5 - 7.0 percent. However, the threat of exogenous risks cannot be ignored.
- In 2012/13, fiscal policy will remain the main instrument to promote economic growth, through the combination of higher spending and an increasing shift towards expenditure on infrastructure.
- To ensure fiscal and debt sustainability and the optimal use of public resources, close monitoring of public accounts is required, including of public agencies and enterprises operating in the energy sector.
- Over the next few years private sector's expansion is expected to remain biased toward capital-intensive sectors with the exception of the construction sector which will benefit from the Government's infrastructure program and from increasing FDI in the extractive industries.
- Tanzania's macroeconomic success has not been felt by the majority of the rural population that is still living in extreme poverty.
- Successful rural economies such as Malaysia and Vietnam, have implemented systems to connect their farmers to markets. To facilitate growth and equity, they have also encouraged the cultivation of high-value, non-traditional crops and developed off-farm activities. They have also managed migration flows toward urban centers.
Some key notes:
- 96.6% of the rural households do not have electricity
- 99.2% of rural households in Tanzania do not have refrigerators
- 96.4% of rural households in Tanzania do not have televisions
- About 96% of Tanzania's rural households do not have vehicles
- About 92.8% of Tanzania's rural households do not have bank account
By living in urban, a Tanzanian household has:
- 4.4 times more chances of using an improved pit latrine
- 10 times more chances of completing secondary and higher education
- 12 times more chances to get a wage employment
- 5.4 times more chances of having a bank account
- 2.7 times more chances of accessing piped water
- 13 times more chance of being connected to national electricity grid
* In 1970s and 1980s, Malaysia & Vietnam looked like Tanzania
* The level of per capita agricultural production in Tanzania has remained stagnant since 1970
* Tanzania Authorities need to adopt a universal strategy that cuts across sectors and locations
* Tanzania govt should encourage farmers to think beyond traditional crops by moving toward high value products
* It's estimated that 80% of citizens are poor!
* Tanzania is a macroeconomic success story which has not yet translated into improved conditions for rural households
Download the report here - Tanzania Economic Update
TANZANIAimeendelea kuwa ni miongoni mwa nchi 48 katika Bara la Afrika ambazo zimeainishwa na Ripoti ya Umoja wa Mataifa kuwa katika kundi la Nchi Maskini Sana Duniani (LDCs).
Aidha katika upokeaji wa fedha kutoka kwa Watanzania waishio nje ya nchi, Tanzania inapokea dola milioni 4.5 kutoka Uingereza, dola milioni 3.2 kutoka Canada wakati kutoka Kenya ikipokea dola milioni 2.5 kwa mwaka 2011.
Kwa mujibu wa ripoti hiyo, nchi zingine masikini sana duniani kwa mwaka huu ni Angola, Benin, Burkina Faso, Burundi, Afrika ya Kati, Chad, Komoro, Jamhuri ya Kidemokrasia ya Kongo (DRC), Djibouti, Equatorial Guinea, Eritrea na Ethiopia.
Nchi nyingine ni Gambia, Guinea, Guinea-Bissau, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Msumbiji, Niger, Rwanda, Sao Tome na Principe, Senegal, Sierra Leone, Somalia, Sudan, Togo, Uganda, Jamhuri ya Muungano wa Tanzania na Zambia; Kuhusu kuhama kwa utaalamu, Ripoti ilifafanua kuwa idadi ya Watanzania waliohamia Uingereza kwa mujibu wa takwimu za mwaka 2000 ni 10,535.
Ilielezwa kuwa mtu mmoja kati ya kila watu watatu wenye ujuzi mkubwa (mwenye elimu ya chuo kikuu) kutoka LDCs anaishi ng'ambo.
Aidha theluthi mbili ya wahamiaji wenye ujuzi mkubwa kutoka LDCs wanaishi kwenye nchi zilizoendelea; theluthi moja wanaishi katika nchi zinazoendelea na kiwango cha kuhama kwa watu wenye ujuzi kwenda ng'ambo ni kikubwa kwa asilimia 20 na kwa LDCs nyingi ni kati ya asilimia 30 kati ya 48.
Source: HABARI LEO