Trade Balance in Tanzania

Tanzania - Trade Balance
The economy should have accelerated so far this year, as surging private-sector credit growth in January–April likely aided demand. Focusing on H2, a nearly 25% increase in the minimum wage, strong foreign investment inflows, a fuel subsidy package and the recently-announced expansionary FY 2023 budget will further aid momentum. In the budget, the government expects to more than double spending on agriculture relative to FY 2022, with extra support for irrigation projects, fertilizer, and livestock and fishery schemes. Overall government spending is set to rise roughly 9% year on year. In early June, the IMF announced a staff-level agreement on a USD 1.1 billion extended credit facility, which aims to boost social spending, increase fiscal revenue and advance structural reforms. The agreement must now be approved by the Fund’s Executive Board.Tanzania - Trade Balance Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Trade Balance (USD billion) | -5.0 | -3.6 | -3.0 | -3.6 | -3.4 |
Tanzania Trade Balance Chart

Tanzania Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 14.73 | 0.0 % | Dec 31 |
Exchange Rate | 2,300 | 0.0 % | Jan 01 |
Stock Market | 1.2 | 0.0 % | Jan 06 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.