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Relationship Between Gdp and Export

Decent Essays
RELATIONSHIP BETWEEN EXPORT AND GDP OF TANZANIA SOPHIA IBRAHIM MSc.in Computer Science Abstract This paper analyses the relationship between export and Economic growth of Tanzania and evaluate the relationship of these variables for the period of 2000-2010.It is observed from the data obtained from National Bureau of Statistics website that export is increasing for the period of ten years from(2000 – 2010) likewise GDP is increasing. Therefore these two items relate to each other. It can be concludes that policy makers has to establish strong policies to promote both agriculture and manufacturing as they have influence in GDP and all these promote export trade. Key words: Export and GDP 1.0 Introduction After Independency…show more content…
Annual Tanzanian data from 2000-2010of the total export, and per Capital GDP in Tanzanian Shillings has been downloaded from the National Bureau of Statistics website as shown below; Table 1: Export of Goods and Services Year | Amount(Tshs Million) | 2000 | 1,064,773 | 2001 | 1,547,643 | 2002 | 1,836,223 | 2003 | 2,247,385 | 2004 | 2,745,597 | 2005 | 3,324,424 | 2006 | 4,047,990 | 2007 | 4,047,990 | 2008 | 6,230,730 | 2009 | 6,553,198 | 2010 | 9,057,473 | Chart 1: Per Capita Gross Domestic Product 4.0 Results and Discussion As it can be shown from the table above the amount of goods and services exported are increasing from 2000 to 2010, likewise in the chart it is shown that per Capital Gross Domestic product is also increasing from 2000 to 2010. Therefore as export is increasing also GDP is increasing from the observations from the graph. 5.0 Conclusion This paper shows the relationship between export and GDP, sincethe economy of Tanzania depends much on agriculture and manufacturing Industry therefore growth on the economy will have
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