Tanzania Economic Outlook
October 18, 2016Tanzania’s economy regained momentum in Q2, with annual GDP growth accelerating to 7.9% from Q1’s slower 5.5%. Q2’s pickup was broad-based as many sectors accelerated, including the key agricultural sector, mining and transport—the latter two of which logged double-digit expansions—as well as construction and energy. Q2’s solid performance highlights that President John Magufuli’s government’s investment and infrastructure push has made the gold-producing and natural gas-rich country more resilient to the commodities slump than most of its regional peers. Another tailwind for the economy will come from a USD 1.6 billion loan recently secured from the World Bank, which will be used to alleviate power shortages, build railways, develop manufacturing and enhance farming.
Tanzania Economy Data
5 years of Tanzania economic forecasts for more than 30 economic indicators.
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|Bond Yield||17.84||0.0 %||Oct 26|
|Exchange Rate||2,183||-0.09 %||Oct 26|
|Stock Market||0.4||0.0 %||Oct 25|
Tanzania Economic Growth
October 18, 2016Tanzania’s growth prospects are solid, supported by manifold ongoing infrastructure projects and strong private consumption. Our panelists expect GDP to expand 6.8% in 2016, which is unchanged from last month’s forecast. For 2017, they forecast 6.7% growth.