Exports in Tanzania

Tanzania Exports | Economic News & Forecasts

Tanzania - Exports

GDP growth softened to 4.9% in annual terms in Q4 2021 (Q3: +5.2% yoy) as mining and quarrying activity expanded at a more moderate pace. The result brought overall growth for 2021 to 4.9%. At the outset of 2022, dynamics should have firmed further. Personal credit growth accelerated in January–February, which likely contributed to the robust annual growth in merchandise imports. That said, elevated prices for key commodities could have capped the overall improvement. In other news, authorities are in talks with the IMF over a USD 700 million loan, which the government intends to use to reduce debt distress risks. The government is also seeking low-cost concessional loans from China and India for various projects. Moreover, elevated energy prices following Russia’s invasion of Ukraine and related sanctions have unlocked investment projects for Tanzania, which now expects an extra USD 10 billion to be poured into its liquified gas sector.

Tanzania - Exports Data

2015   2016   2017   2018   2019  
Exports (USD billion)4.8  4.9  4.5  4.4  5.6  

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Tanzania Facts

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

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