Tanzania Economic Outlook
January 22, 2019The economy performed quite solidly in the January-November period, despite probably losing steam from last year, likely powered by domestic demand. In the year ending November, bank credit expanded robustly, especially to households, and trade and manufacturing companies. Moreover, imports increased robustly, on the back of surging purchases of capital goods associated with the government’s infrastructure push. On the flip side, the current account deficit widened notably, partly due to a sizeable drop in exports, which were weighed down by declining foreign sales of gold and manufactured goods. In the political arena, in early January the government named a new mining minister, as part of its efforts to crackdown on mining firms.
Tanzania Economic GrowthGrowth should remain broadly stable this year, supported by robust government infrastructure spending. However, rising public investment will likely translate into sizeable fiscal and current account deficits, while heightened political risks could hit investor sentiment. FocusEconomics panelists expect GDP to expand 6.3% in 2019, down 0.1 percentage points from last month, and 6.4% in 2020.
Tanzania Economy Data
5 years of Tanzania economic forecasts for more than 30 economic indicators.
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|Exchange Rate||2,313||0.0 %||Jan 30|
|Stock Market||0.1||0.0 %||Jan 30|
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