Current Account in Tanzania
Tanzania - Current AccountAccording 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
|Current Account (% of GDP)||-11.4||-10.0||-8.4||-4.6||-|
5 years of economic forecasts for more than 30 economic indicators.
Tanzania Current Account Chart
Source: Bank of Tanzania
|Exchange Rate||2,345||0.0 %||Mar 11|
|Stock Market||0.1||0.0 %||Mar 11|
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