Tanzania Economic Outlook
July 17, 2018Economic activity likely moderated in the first half of the year, following a strong 2017 in which the construction, and transport and storage sectors benefited from the government’s ongoing efforts to convert Tanzania into a regional trade hub. Available data for the January–April period shows that credit extension to the private sector was extremely weak due to the bulky stock of non-performing loans owned by the banking system. Moreover, the government continued to underspend budgeted development funds. On a positive note, in mid-June the World Bank approved a USD 455 million loan to help finance power projects, which should strengthen infrastructure investment.
Tanzania Economic GrowthGrowth this year should be underpinned by a sustained expansion in the construction sector, together with robust investment growth in the hydrocarbon and transport sectors. However, subdued credit growth will weigh on the economy, and business investment could be discouraged by volatile policymaking regarding the mining sector. FocusEconomics panelists expect GDP to expand 6.4% in 2018, down 0.1 percentage points from last month, and 6.5% in 2019.
Tanzania Economy Data
5 years of Tanzania economic forecasts for more than 30 economic indicators.
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|Bond Yield||14.21||0.0 %||Jul 17|
|Exchange Rate||2,280||0.0 %||Jul 17|
|Stock Market||1.5||0.0 %||Jul 17|
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