What Is The Economy Like in Tanzania?
Tanzania is a lower-middle income country with an economy based on agriculture, mining, and increasingly, tourism. The country has experienced steady growth and is working toward middle-income status by 2025.
Agriculture remains the largest sector, employing the majority of the population. Key exports include coffee, cashews, cotton, and tobacco. Mining contributes significantly, with Tanzania producing gold, diamonds, and tanzanite, the rare gemstone found only near Kilimanjaro.
Tourism is a vital economic driver, with the northern safari circuit and Zanzibar attracting over a million visitors annually. National parks and conservation areas generate substantial revenue and employment, creating economic incentives for wildlife protection.
Infrastructure development is a government priority, including new roads, the standard gauge railway, and expansion of power generation. These investments aim to support continued economic growth and diversification.
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