GDP in Tanzania
Tanzania - GDPAnnual 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
|Economic Growth (GDP, annual variation in %)||7.3||6.9||7.0||7.0||-|
5 years of economic forecasts for more than 30 economic indicators.
Tanzania GDP Chart
Source: National Bureau of Statistics
|Bond Yield||15.49||0.0 %||Jun 20|
|Exchange Rate||2,300||0.0 %||Jun 20|
|Stock Market||1.1||0.0 %||Jun 11|
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