Current Account in Tanzania

Tanzania Current Account | Economic News & Forecasts

Tanzania - Current Account

Annual growth decelerated to 6.6% in Q1 2019, from the 7.1% expansion recorded in Q4 2018. A marked slowdown in the manufacturing, and trade and repair sectors, coupled with a moderation in the growth of the construction sector, was chiefly behind the cooling. Nevertheless, output growth in the all-important agricultural sector strengthened in Q1, cushioning the overall deceleration. Turning to the second quarter, the economy seems to have lost further momentum. Rising inflationary pressures likely weighed on consumer demand, while plummeting agricultural exports led merchandise exports to contract in April–May. In other news, both the World Bank and the IMF have contested official growth figures for last year, saying that real growth lost pace in 2018 as a result of President Magufuli’s interventionist policies.

Tanzania - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-11.1  -10.1  -8.6  -5.5  -3.5  

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Tanzania Current Account Chart

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

Tanzania Facts

Bond Yield15.290.0 %Sep 04
Exchange Rate2,2980.0 %Sep 04
Stock Market1.00.0 %Sep 04

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