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jan 27, 2020 the economy depends on agriculture, which accounts for slightly less than one-quarter of gdp and employs about 65% of the work force, although gold production in recent years has increased to about 35% of exports. all land in tanzania is owned
the mineral exports account for more than percent of tanzania total exports. It is the fastest growing sector. mining sector accounted for 3.2 percent of gdp in 2005. tanzania development vision 2025 projects the sector to contribute more than 10% of gdp however, the statistics show that although tanzania economy has improved, over
during the last five reported years the exports of tanzania have changed by -$2. from $7. in 2014 to $4. in 2019. the most recent exports are led by gold raw tobacco coconuts, brazil nuts, and cashews other oily seeds and refined petroleum
tanzanias gold exports accounted for usd 2.2 billion of total exports in 2019, representing more than 90% of the countrys mineral exports. gold exports increased by 83% over the past years with usd 1.2 billion in 2015. tanzania exports gold mainly to south africa, india and switzerland.
non-traditional exports accounted for 52.6% of all tanzanian exports and 78.9% of goods exports. gold exports export of gold increased by 42.9% to usd 2,734.6 million in the year ending august 2020, and accounted for 55.9% of the value of non-traditional exports and 44.1% of total exports of goods.
these top five export destinations accounted for more than 93% of the total u.s. gold exports during jan-aug 20. the combined exports to the above countries totalled $11.44 billion. meantime, the u.s. imports of gold surged higher significantly by 447% during the opening eight months of the current year.
feb 18, 2021 mveyange said that kenya experienced an increase in exports of manufactured products, especially in the industrial supplies and capital equipment sectors. He observed that tanzania and the other landlocked countries in east africa also witnessed a jump in processed and gold exports.
exports from tanzania to kenya declined seasonably but were exacerbated by high levels of rejection due to aflatoxin was the maize is not yet dry enough due to early harvest and ongoing rains.
dec 04, 2020 tanzania has a diverse, relatively stable economy with many opportunities for investment. however, in recent years tanzanias business climate has deteriorated, particular for foreign investors. the governments approach to economic policy and the business community has harmed long-term prospects for investment and economic growth.
president magufuli also said that the governments improvements and measures have led to the increase of fish keepers from 18,843 in 2015 to 26,474 farmers in 2020. the number of fish keeping dams has increased significantly from 22,545 in 2015 to 25,445 dams this year. fish cages have also been increased from 109 in 2015 to 431 in 2020.
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