Current Account in Tanzania

Tanzania Current Account | Economic News & Forecasts

Tanzania - Current Account

According to recent reports from the Central Bank, the economy grew 6.7% on average in the first three quarters of 2018, and healthy private sector credit growth in the fourth quarter points to resilient economic dynamics. The construction sector accounted for the lion’s share of growth in Q1-Q3, supported by buoyant public infrastructure spending. That said, the current account deficit widened sizably in 2018: A notable drop in traditional exports was behind the contraction in foreign sales, while a surge in capital good purchases fueled by the government’s infrastructure push boosted imports. In the political arena, parliament granted the government extensive powers over political parties in late January, a move which could undermine investor confidence.

Tanzania - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-11.4  -10.0  -8.4  -4.6  -     

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Tanzania Current Account Chart


Tanzania Current Account
Note: Current account balance as % of GDP.
Source: Bank of Tanzania

Tanzania Facts

ValueChangeDate
Exchange Rate2,3450.0 %Mar 11
Stock Market0.10.0 %Mar 11

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