section_path: Economy and infrastructure
section_name: Economy and infrastructure
paragraph_text: Economy and infrastructure
  
  As of 2021, according to the IMF, Tanzania's gross domestic product (GDP) was an estimated $71 billion (nominal), or $218.5 billion on a purchasing power parity (PPP) basis. GDP per capita (PPP) was $3,574.
  
  From 2009 through to 2013, Tanzania's per capita GDP (based on constant local currency) grew an average of 3.5% per year, higher than any other member of the East African Community (EAC) and exceeded by only nine countries in Sub-Saharan Africa: the Democratic Republic of the Congo, Ethiopia, Ghana, Lesotho, Liberia, Mozambique, Sierra Leone, Zambia, and Zimbabwe.
  
  Tanzania's largest trading partners in 2017 for its US$5.3 billion in exports were India, Vietnam, South Africa, Switzerland, and China. Its imports totalled US$8.17 billion, with India, Switzerland, Saudi Arabia, China, and the United Arab Emirates being the biggest partners.
  
  Tanzania weathered the Great Recession, which began in late 2008 or early 2009, relatively well. Strong gold prices, bolstering the country's mining industry, and Tanzania's poor integration into global markets helped to insulate the country from the downturn. Since the recession ended, the Tanzanian economy has expanded rapidly thanks to strong tourism, telecommunications, and banking sectors.
  
  According to the United Nations Development Programme (UNDP), however, recent growth in the national economy has benefited only the "very few", leaving out the majority of the population. As of the latest survey in 2015/2016, 57.1 percent of the population is considered to be affected by multidimensional poverty. Tanzania's 2013 Global Hunger Index was worse than any other country in the EAC except Burundi. The proportion of persons who were undernourished in 2010–12 was also worse than any other EAC country except Burundi.
  
  In 2020, the World Bank declared the rise of the Tanzanian economy from low income to lower middle income country, as its GNI per capita increased from US$1,020 in 2018 to US$1,080 in 2019.
  
  Tanzania's economy grew 4.6 percent in 2022, and 5.2 percent in 2023.