Singapore vs Tanzania: Economic Indicators Comparison

Singapore with a GDP of $364.2B ranked the 36th largest economy in the world, while Tanzania ranked 80th with $58B. By GDP 5-years average growth and GDP per capita, Singapore and Tanzania ranked 76th vs 18th and 10th vs 169th, respectively.

Gross Domestic Product & Income

StatSingaporeTanzania
GDP$364.2B$58B
GDP growth, 1 year3.2%6.6%
GDP growth, 5-years average3.3%6.6%
Population5.9M57.3M
GDP per capita$65k$1.1k
GDP per capita growth2.66%2.12%
Purchasing Power Parity conversion factor0.86741.25
Price level ratio of PPP conversion factor GDP to market exchange rate0.640.33
GDP per capita, PPP adjusted$100k$3.4k
GNI, Atlas method$331.4B$55.7B
GNI per capita$59k$1k
GNI, PPP adjusted$533.8B$171.7B
GNI per capita, PPP adjusted$95k$3.2k

Financial system and Human development

StatSingaporeTanzania
Income Tax Rate22%30%
Corporate Tax Rate17%30%
Inflation, consumer prices0.4%3.5%
Inflation, GDP deflator1.9%4.8%
Unemployment3.8%1.9%
Economic Freedom Index89.461.7
Personal Freedom Index7.446.51
Human Freedom Index8.16.37
Property Rights Index96.841.9
Judical Effectiveness Index92.943.4
Business Freedom Index92.845.9
Fiscal Health Index8092.9
Labor Freedom Index90.966.4
Investment Freedom Index8555
Financial Freedom Index8050
Trade Freedom Index94.867.8
Monetary Freedom Index85.672.2
Government Spending Index91.191.6
Tax Burden Index90.380.6
Government Integrity Index92.432.5
Corruption Perceptions Index8536
Life expectancy at birth, years82.964.5
Suicide mortality rate, per 100,000 people9.95.4
Mortality caused by road traffic injury, per 100,000 people2.829.2
Intentional homicides, per 100,000 people0.27
International tourism, number of arrivals14.7M1.4M

Government debt & reserves

StatSingaporeTanzania
Central government debt, % of GDP108.3%36%
External debt stocks, % of GNIN/A33.1%
External debt stocksN/A$18.6B
Short-term debt, % of total reservesN/A35.9%
Total debt service, % of exports and primary incomeN/A8.4%
Adjusted net savings including particulate emission damage, % of GNI36.8%23.1%
Gross savings, % of GDP45.8%30.5%
Gross capital formation, % of GDP26.6%34%
Total reserves including gold$292.7B$5B
Foreign direct investment net inflows$82B$1.1B

Exports, imports and economic structure

StatSingaporeTanzania
Exports of goods and services, % of GDP176.4%15.1%
Imports of goods and services, % of GDP149.8%17.1%
Current account balance (balance of payments)$65.1B-$1.9B
Revenue excluding grants, % of GDP18.8%13.7%
Grants excluding technical cooperation, BoP$1.6M$1.6B
Personal remittances receivedN/A$412.9M
Industry including construction value added, % of GDP25.2%25.1%
Agriculture, forestry and fishing value added, % of GDP0%28.7%
Charges for the use of intellectual property, payments BoP$15.2B$6.1M
Charges for the use of intellectual property, receipts BoP$8.7B$83k
Expense, % of GDP15.2%14.3%
Government Expenditure, % of GDP17.2%16.8%

Compare with countries close by GDP per capita

Singapore vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k

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