Current Account in Tanzania

Tanzania Current Account | Economic News & Forecasts

Tanzania - Current Account

Annual growth in the final quarter of 2018 remained stable at Q3’s robust 7.1%. The manufacturing and construction sectors spearheaded the overall expansion, with output growth in both sectors accelerating notably from the previous quarter. In addition, the all-important agricultural sector strengthened, although it remained relatively weak compared to other sectors. On a less positive note, activity in the hospitality and financial sectors lost considerable traction in Q4. Turning to this year, the economy appears to have lost some momentum owing to the deteriorating external backdrop. Exports shrank slightly in January–April, chiefly due to tumbling agricultural exports, which, coupled with higher imports, caused the current account deficit to jump in the period.

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 Yield15.380.0 %Jul 11
Exchange Rate2,2980.0 %Jul 11
Stock Market1.10.0 %Jul 10

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