Tanzania Current Account to GDP

Tanzania recorded a Current Account deficit of 13.70 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Tanzania averaged -6.83 Percent from 1980 until 2013, reaching an all time high of -0.20 Percent in 2003 and a record low of -16.20 Percent in 2011. Current Account to GDP in Tanzania is reported by the Bank of Tanzania.


Tanzania Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-13.70 -14.20 -0.20 -16.20 1980 - 2013 Percent Yearly
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Tanzania Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Trade Last Previous Highest Lowest Unit
Balance of Trade -392.20 -351.90 -101.80 -763.00 USD Million [+]
Exports 674.70 638.90 888.60 214.40 USD Million [+]
Imports 1066.90 990.80 1401.20 331.00 USD Million [+]
Current Account -411.20 -354.20 263.80 -776.40 USD Million [+]
Current Account to GDP -13.70 -14.20 -0.20 -16.20 Percent [+]

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