Poverty in Tanzania
Tanzania has a current population of 55.57 million people. Current statistics form the World Bank show that in 2011, 49.1% of Tanzanians lived below $1.90 USD per day. This figure is an improvement over 2007’s report indicating a poverty rate of 55.1%. Tanzania has seen annual GDP gains of 7% since 2010 and this economic growth is attributed to this positive trends for poverty alleviation in Tanzania.
List of companies of Tanzania
Tanzania has the second largest economy in the East African Community and the twelfth largest in Africa. It 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.