Business Environment

GLOBAL LAND SOLUTIONS LIMITED focues on establishing and maintaining the identity with customers who appreciate high quality and reliable services.

Tanzania's growing economy is a reflection of its relatively stable political situation. Following decades of one-party socialism and economic stagnation, Tanzania embarked on a fundamental political and economic transformation in the early 1990s. Significant measures have been taken to liberalize the country along market lines and encourage both foreign and domestic private investment.

With the estimated population of 41.9 million (year 2009), the country's annual Gross Domestic Product (GDP) grew by 5.9 percent in 2004, 6.7 percent in 2005, 6.2 percent in 2006, 7.1 percent in 2007, 7.4 percent in 2008 and 6.0 percent in 2009.

The country's sustains annual economic growth rates that are among the best in sub-saharan Africa. In a volatile region, it is a stable country progressing on a path of democratic governance and market based economic reform and growth. Some of the economic indicators are as shown in the table below.

Selected Basic Economic statistics (2002-2009) - Tanzania Mainland

 

2002

2003

2004

2005

2006

2007

2008

2009

Population(in Million)

34.6

35.3

36.3

37.3

38.7

39.4

40.7

41.9

GDP growth rate

7.2%

6.9%

7.8%

7.4%

6.7%

7.1%

7.4%

6.0%

Sectoral Contribution to GDP

Agriculture (%)

28.4%

27.4%

26.9%

26.1%

25.4%

24.6%

24.0%

23.3%

Manufacturing (%)

8.4%

8.6%

8.7%

8.9%

9.0%

9.2%

9.4%

9.5%

Construction (%)

5.5%

5.8%

6.1%

6.2%

6.4%

6.5%

6.7%

6.8%

Transport sector

5.9%

5.0%

8.6%

6.7%

5.3%

6.5%

6.9%

6.0%

Communication

10.4%

15.6%

17.4%

18.8%

19.2%

20.1%

20.5%

21.9%

Source:  The United Repuclic of Tanzania: The Economic Survey 2009

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