Forex Trading in Tanzania

Tanzania, located in East Africa, has an area of 947,300 km². Tanzania, with a population of 58,005,463 people, is ranked 25th in the population table of 196 countries and has a moderate population density of 61 inhabitants per square kilometer.

Its capital is Dodoma and its currency is Tanzanian Shillings. Tanzania is the 79th largest economy by GDP. Its public debt in 2019 was €20,771 million, with a debt of 38.24% of GDP. Its debt per capita is €358 per capita. There are some variables that may help you to know something more if you are going to travel to Tanzania or just want to know more about the standard of living of its inhabitants.

The GDP per capita is a very good indicator of the standard of living and in the case of Tanzania, in 2019, it was 936€€, so it is with this figure it is at the bottom of the table, in the 168th place. Its inhabitants have a very low standard of living in relation to the 196 countries in the ranking of GDP per capita.

As for the Human Development Index or HDI, which is prepared by the United Nations to measure the progress of a country and which ultimately shows the standard of living of its inhabitants, indicates that Tanzanians are among those with the worst quality of life in the world.

If the reason for visiting Tanzania is business, it is useful to know that Tanzania is ranked 144th out of 190 in the Doing Business ranking, which classifies countries according to the ease of doing business. As for the Corruption Perception Index of the public sector in Tanzania has been 38 points, thus, it is ranked 94th in the corruption perception ranking made up of 179 countries.

In the tables at the bottom of the page you can find more information about the economy and demographics of Tanzania and if you want to see information about any other country you can do it from economy countries.