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[Citizen] Tanzania: IMF Names Tanzania As 7th Leading African Economy

The World Economic Forum revealed the richest economies in a list published in April 2018
 By: The Citizen Reporter |  Category: Business |  Posted: Thursday 17th May 2018


Dar es Salaam — Tanzania has been ranked the 7th leading African economy. The World Economic Forum revealed the richest economies in a list published in April 2018 through data provided by the International Monetary Fund (IMF) .

The full annual list, analyses the "identifiable wealth" of all the countries in the world through the current prices of Gross Domestic Product, GDP.

Business Insider Sub Saharan Africa worked with the data provided to create a ranking that focuses on the 10 economies with the biggest fortunes through their GDP.

As it is known, the GDP is a monetary measure of the market value of all final goods and services produced in a period of time. It is also important to note that Egypt, which has a GDP of $336.3 billion was not considered. The Business Insider names the 10 biggest economies in Africa. Here, they are ranked in descending order by wealth.

Tanzania - $56.66 billion

Tanzania holds the eight position with a total of $56.66 billion as the country's GDP. Tanzania is largely dependent on agriculture for employment, accounting for about half of the employed workforce.

Read the original article on Citizen.