Tanzania Current Account to GDP

Tanzania recorded a Current Account deficit of 11.10 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Tanzania is reported by the Bank of Tanzania. Current Account to GDP in Tanzania averaged -6.32 Percent from 1980 until 2012, reaching an all time high of -0.20 Percent in 2003 and a record low of -13.40 Percent in 1994. 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. 2014-04-18

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-11.10 -11.90 -0.20 -13.40 -11.02 | 2014/06 1980 - 2012 Percent Yearly

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Tanzania Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade -432.30 2014-01-31 -263.50 -101.80 -763.00 -282.20 2014-06-30 USD Million [+]
Current Account -458.40 2014-01-31 -228.10 263.80 -776.40 -362.61 2014-06-30 USD Million [+]
Exports 769.30 2014-01-31 799.90 888.60 214.40 730.74 2014-06-30 USD Million [+]
Imports 1201.60 2014-01-31 1063.40 1401.20 331.00 1194.80 2014-06-30 USD Million [+]
Current Account to GDP -11.10 2012-12-31 -11.90 -0.20 -13.40 -11.02 2014-06-30 Percent [+]
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Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


RELATED NEWS

Tanzanian Inflation Rate Edges Up Slightly in March  
The annual consumer prices in Tanzania accelerated to 6.1 percent in March of 2014, from 6.0 percent recorded in February, as food cost edged up. Compared with the same period a year earlier, the inflation rate slowed down from 9.8 in March of 2013.
Tanzania Inflation Rate Unchanged in February  
Tanzania's annual inflation rate was 6.0 percent in February of 2014, unchanged from the previous month. The government targets 5.0 percent inflation by June.
Tanzania Inflation Rate Accelerates in January  
In January of 2014, Tanzania’s annual inflation rate increased to 6 percent after falling in December to a 3-year low at 5.6 percent. The rise was mainly due to higher cost of electricity and natural gas and school fees for both private primary and secondary schools.
Tanzania Inflation Rate Slows in December  
In December of 2013, Tanzanian annual inflation rate slowed to 5.6 percent from 6.2 percent in November. In contrast, monthly inflation accelerated to 1.3 percent due to higher cost of both food and non food items such as petrol and clothing.
Tanzania Inflation Rate Falls to 6.2% in November  
In November of 2013, Tanzanian inflation rate regained its downward trend and slowed to 6.2 percent, after accelerating to 6.3 percent in the previous month.
Tanzania Inflation Rate Accelerates to 6.3% in October  
In October of 2013, Tanzanian annual inflation rate increased to 6.3 percent, slightly up from 6.1 percent in the previous month. With the exception of December last year when the rate remained steady, inflation has been on a downward trend since December of 2011, as good harvest seasons led to a fall in food prices.
Tanzania Inflation Rate Decreases to 6.1% In September  
In September of 2013, Tanzanian inflation rate eased to 6.1 percent, from 6.7 percent in August, mainly due to a slowdown in housing and transport prices.
Tanzania Inflation Rate Eases to 6.7% in August  
In August of 2013, Tanzanian inflation rate eased to 6.7 percent, the lowest rate since January of 2011, mainly due to lower food prices.
Tanzania Inflation Rate Slows to 7.5% in July  
In July of 2013, Tanzanian year-on-year inflation rate eased for the seventh consecutive month to 7.5 percent, from 7.6 percent recorded in June, mainly due to lower energy cost.
Tanzanian Inflation Rate Down to 28-Month Low in June  
In June of 2013, Tanzanian year-on-year inflation rate eased for the sixth month in a row to 7.6 percent, the lowest rate since February of 2011. All food and non-food prices decelerated in June, except for education which remained unchanged from May's figure.
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