Current Account in Tanzania

Tanzania Current Account | Economic News & Forecasts

Tanzania - Current Account

Growth accelerated to 7.2% year-on-year in the second quarter (Q1: +6.6% year-on-year), the quickest rate since Q1 2018, as both manufacturing and construction activity rose at a faster clip compared to Q1. However, available data paints a mixed picture for the third quarter. Business activity was likely upbeat in the quarter on soaring credit supply to the agricultural, building and construction, and mining and quarrying sectors. That said, the current account deficit widened substantially in the year ending September. In other news, in late November, the country secured a USD 1.0 billion loan from the Trade and Development Bank and is seeking an additional USD 500 million for the implementation of various infrastructure projects, including a new railway network which could bolster trade with its neighbors.

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

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