Trade Balance in Tanzania
Tanzania - Trade BalanceFollowing Q2’s GDP growth, conditions should have continued to improve in Q3 and at the outset of Q4. Merchandise exports increased at a quicker pace on average in Q3 compared to the prior quarter, pointing to healthier foreign demand dynamics, and they continued to grow in October, albeit at a softer pace. Meanwhile, goods import growth softened in Q3, but accelerated markedly in October, signaling healthier domestic demand at the outset of the fourth quarter. Moreover, personal credit expanded at a quicker rate in Q3 than in Q2 and accelerated further in October, boding well for household spending. Meanwhile, in mid-November, the IMF approved and disbursed two thirds of the country’s Special Drawing Rights quota—around USD 372 million—in emergency financial assistance to enable the implementation of its Covid-19 relief plans.
Tanzania - Trade Balance Data
|Trade Balance (USD billion)||-5.0||-3.6||-3.0||-3.6||-3.4|
5 years of economic forecasts for more than 30 economic indicators.
Tanzania Trade Balance Chart
|Bond Yield||14.73||0.0 %||Dec 31|
|Exchange Rate||2,300||0.0 %||Jan 01|
|Stock Market||1.2||0.0 %||Jan 06|
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