Georgia vs Tanzania: Economic Indicators Comparison

Tanzania with a GDP of $58B ranked the 80th largest economy in the world, while Georgia ranked 119th with $17.6B. By GDP 5-years average growth and GDP per capita, Tanzania and Georgia ranked 18th vs 54th and 169th vs 111th, respectively.

Gross Domestic Product & Income

StatGeorgiaTanzania
GDP$17.6B$58B
GDP growth, 1 year4.7%6.6%
GDP growth, 5-years average4%6.6%
Population3.7M57.3M
GDP per capita$4.7k$1.1k
GDP per capita growth4.72%2.12%
Purchasing Power Parity conversion factor1741.25
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.33
GDP per capita, PPP adjusted$11k$3.4k
GNI, Atlas method$16.6B$55.7B
GNI per capita$4.4k$1k
GNI, PPP adjusted$42.9B$171.7B
GNI per capita, PPP adjusted$12k$3.2k

Financial system and Human development

StatGeorgiaTanzania
Income Tax Rate20%30%
Corporate Tax Rate15%30%
Inflation, consumer prices2.6%3.5%
Inflation, GDP deflator4.4%4.8%
Unemployment14.1%1.9%
Economic Freedom Index77.161.7
Personal Freedom Index7.46.51
Human Freedom Index7.486.37
Property Rights Index68.641.9
Judical Effectiveness Index57.943.4
Business Freedom Index85.345.9
Fiscal Health Index94.492.9
Labor Freedom Index76.366.4
Investment Freedom Index8055
Financial Freedom Index7050
Trade Freedom Index88.667.8
Monetary Freedom Index78.372.2
Government Spending Index73.691.6
Tax Burden Index87.180.6
Government Integrity Index64.832.5
Corruption Perceptions Index5836
Life expectancy at birth, years73.464.5
Suicide mortality rate, per 100,000 people8.25.4
Mortality caused by road traffic injury, per 100,000 people15.329.2
Intentional homicides, per 100,000 people17
International tourism, number of arrivals4.8M1.4M

Government debt & reserves

StatGeorgiaTanzania
Central government debt, % of GDP44.5%36%
External debt stocks, % of GNI110.6%33.1%
External debt stocks$17.1B$18.6B
Short-term debt, % of total reserves81.1%35.9%
Total debt service, % of exports and primary income23.7%8.4%
Adjusted net savings including particulate emission damage, % of GNI12.5%23.1%
Gross savings, % of GDP21%30.5%
Gross capital formation, % of GDP28.1%34%
Total reserves including gold$3.3B$5B
Foreign direct investment net inflows$1.2B$1.1B

Exports, imports and economic structure

StatGeorgiaTanzania
Exports of goods and services, % of GDP50.6%15.1%
Imports of goods and services, % of GDP61.2%17.1%
Current account balance (balance of payments)-$1.2B-$1.9B
Revenue excluding grants, % of GDP23%13.7%
Grants excluding technical cooperation, BoP$314.1M$1.6B
Personal remittances received$2B$412.9M
Industry including construction value added, % of GDP19.9%25.1%
Agriculture, forestry and fishing value added, % of GDP6.8%28.7%
Charges for the use of intellectual property, payments BoP$27.1M$6.1M
Charges for the use of intellectual property, receipts BoP$270k$83k
Expense, % of GDP21.4%14.3%
Government Expenditure, % of GDP29.6%16.8%

Compare with countries close by GDP per capita

Georgia vs

CountryGDP
per capita
Population
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M

Tanzania vs

CountryGDP
per capita
Population
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M