Consumption in Tanzania

Tanzania Consumption | Economic News & Forecasts

Tanzania - Consumption

The economy was robust at the outset of 2021, with GDP growth clocking in at 4.9% in annual terms in Q1 (Q4 2020: +4.9% yoy). While the result showed most sectors growing, the construction, transport and storage, agricultural, manufacturing, and mining and quarrying sectors contributed the most to the overall expansion. Meanwhile, conditions likely improved further in Q2, with both merchandise exports and imports growing at healthy paces, pointing to strengthening momentum, albeit partly supported by a low base effect. Moreover, personal credit continued to grow in the quarter, although at a more moderate pace. Regarding the health crisis, while total Covid-19 cases have jumped since mid-July—when data started to be published—authorities were finally able to kickstart the vaccination campaign in late July; however, misinformation and skepticism could hamper its success.

Tanzania - Consumption Data

2015   2016   2017   2018   2019  
Consumption (annual variation in %)6.3  1.1  4.8  6.3  -     

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Tanzania Facts

Value Change Date
Bond Yield14.730.0 %Dec 31
Exchange Rate2,3000.0 %Jan 01
Stock Market1.20.0 %Jan 06

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