From Singapore to Tanzania: lessons in economic growth

Singapore President Tharman Shanmugaratnam (right) delivers a public lecture at the University of Dar es Salaam on Tuesday. PHOTO | COURTESY

Dar es Salaam. In 1961, Tanganyika was richer than Singapore.

At the time, Tanganyika, which later merged with Zanzibar to form the United Republic of Tanzania in 1964, had a Gross Domestic Product (GDP) of about $2.82 billion and a GDP per capita of roughly $285.