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Saturday, February 13, 2010

DO WE DESERVE TO BE WHERE WE ARE NOW?

ECONOMY
Tanzania economy profile
GDP: US$ 11.6bn (2006 est.)
GDP per capitaL: US$ 303
GDP Growth: 5.8% (2006 est.), 7.3% (2007 IMF proj.), 7.6% (2008 IMF proj.)
GDP - composition by sector: agriculture: 43.3% industry: 17.7% services: 39% (2006 est.)
Inflation: 6.1% (2006 est.)
Major economic sectors: agriculture, financial and business services, trade and tourism, manufacturing.
Major trading partners: UK, South Africa India, Japan, China, Kenya, and the UAE.
Currency: Tanzanian Shilling (TZS)

Evaluating the economy of the country it is not a simple task.But there are lot of things which make me wonder if we deserve to be where we are now.If you look on our trading partners and our sources of income you can see we have every reason to develop in a tremendous speed.Some countries they are depending on only one source of income lets say Tourism and still they manage to be more developed compared to us.I took it as the challenge to our government and Tanzanians in general.It is almost fifty years since we got our independence we expect changes in our economy and our living standard in general.The ability to invest properly with wright strategies is the only success of our trading partners.I believe if India and China they are the emerging giant in the world economy then our country can at least be the emerging giant in the African economy in few years to come.

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