GDP in Tanzania

Tanzania GDP | Economic News & Forecasts

Tanzania - GDP

Annual growth slowed to 6.7% in the fourth quarter of 2018 from 7.1% in the third quarter, owing to a sharp slowdown in the tourism sector and a notable downturn in the financial sector. Nevertheless, surging construction and manufacturing output kept growth robust in Q4, while activity likely remained resilient in the first quarter of 2019. Credit continued to flow at a healthy pace in January-March, while higher foreign sales of gold, and travel and rising transport receipts supported exports in the year ending March; nevertheless, the Central Bank cut the reserve requirement in mid-June in an attempt to further lift lending growth. Meanwhile, the current account deficit widened in the year ending March as the government’s infrastructure push led imports to outstrip exports.

Tanzania - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)7.3  6.9  7.0  7.0  -     

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Tanzania GDP Chart

Tanzania GDP
Note: GDP, annual variation in %.
Source: National Bureau of Statistics

Tanzania Facts

Bond Yield15.490.0 %Jun 20
Exchange Rate2,3000.0 %Jun 20
Stock Market1.10.0 %Jun 11

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