Tanzania | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.50 1.83 1.83 1.83 1.83 1.83 percent [+]
Unemployment Rate 10.30 10.19 10.15 10.11 10.07 9.05 percent [+]
Inflation Rate 5.00 5.2 5.5 5.9 6.34 6 percent [+]
Interest Rate 12.00 12 12 12 11.5 10 percent [+]
Balance of Trade -88.90 -107 -109 -109 -109 -109 USD Million [+]
Government Debt to GDP 39.90 41.13 39.3 37.47 35.64 36.45 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 2258.00 2220 2240 2260 2280 2610 [+]
Stock Market 2147.08 2100 2080 2060 2040 1720 points [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.50 1.83 1.83 1.83 1.83 1.83 percent [+]
GDP Annual Growth Rate 6.20 6.84 7.09 6.78 7.22 6.65 percent [+]
GDP 45.63 52.8 52.8 46.09 54.36 61.23 USD Billion [+]
Gross Fixed Capital Formation 16944126.93 17095947 17695576 18295204 18894833 24715360 TZS Million [+]
GDP per capita 842.37 847 855 863 871 986 USD [+]
GDP per capita PPP 2510.04 2533 2560 2587 2614 3211 USD [+]
Gdp From Construction 1296467.00 1333012 1355087 1382149 1402918 1709596 TZS million [+]
Gdp From Manufacturing 861240.00 869221 902747 905964 914148 1068549 TZS million [+]
Gdp From Mining 434299.00 448020 408182 449886 427781 503614 TZS million [+]
Gdp From Public Administration 708729.00 752257 740192 722162 753955 734178 TZS million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 10.30 10.19 10.15 10.11 10.07 9.05 percent [+]
Labor Force Participation Rate 86.70 86.61 86.52 86.43 86.34 84.65 percent [+]
Population 50.14 50.08 50.25 50.42 50.59 53.13 Million [+]
Living Wage Family 633700.00 633700 633700 633700 633700 633700 TZS/Month [+]
Living Wage Individual 253600.00 253600 253600 253600 253600 253600 TZS/Month [+]
Wages 334017.00 330752 333631 336511 339390 366252 TZS/Month [+]
Wages High Skilled 1014900.00 798975 798975 798975 798975 798975 TZS/Month [+]
Wages Low Skilled 386500.00 229782 229746 229750 229750 229750 TZS/Month [+]
Youth Unemployment Rate 13.70 13.66 13.62 13.58 13.55 12.8 percent [+]
Employed Persons 2141351.00 2202937 2264838 2326738 2388639 3231442 [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 5.00 5.2 5.5 5.9 6.34 6 percent [+]
Consumer Price Index CPI 105.04 104 104 104 104 104 Index Points [+]
Food Inflation 7.00 6.58 6.68 6.73 6.75 6.77 percent [+]
Producer Prices 116.20 118 116 118 117 118 Index points [+]
Import Prices 116.50 112 113 116 118 130 Index points [+]
Inflation Rate Mom 0.70 0.34 0.36 0.47 0.42 0.42 percent [+]
Export Prices 131.80 132 132 132 131 105 Index points [+]
Cpi Transportation 100.32 100 100 100 100 100 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 12.00 12 12 12 11.5 10 percent [+]
Banks Balance Sheet 29229085.66 31413428 32333211 33276982 34245626 48146592 TZS Million [+]
Deposit Interest Rate 9.89 9.97 9.89 9.81 9.74 9.76 percent [+]
Central Bank Balance Sheet 14268823.11 14284911 14372827 14284694 14372671 14372652 TZS Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -88.90 -107 -109 -109 -109 -109 USD Million [+]
Exports 779.40 807 806 805 805 805 USD Million [+]
Imports 868.30 903 903 903 903 903 USD Million [+]
Current Account -146.40 -178 -179 -179 -179 -179 USD Million [+]
Current Account to GDP -9.10 -9.48 -8.64 -7.81 -6.97 -6.47 percent [+]
Terms Of Trade 113.10 114 113 113 113 106 Index points [+]
Terrorism Index 3.83 4.07 3.99 3.92 3.84 3.85 [+]
External Debt 16407.60 16403 16403 16403 16403 16403 USD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 39.90 41.13 39.3 37.47 35.64 36.45 percent [+]
Government Budget -5.10 -6.55 -6.5 -6.45 -6.4 -6.16 percent of GDP [+]
Military Expenditure 584.60 579 605 630 641 796 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Ease of Doing Business 132.00 140 143 145 148 137 [+]
Corruption Index 30.00 30.13 29.9 29.67 29.45 27.93 Points [+]
Corruption Rank 117.00 113 113 113 113 104 [+]
Competitiveness Index 3.67 3.58 3.58 3.58 3.58 3.6 Points [+]
Competitiveness Rank 116.00 118 118 118 118 106 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Private Sector Credit 16654.40 16966 17141 17306 17461 18775 TZS Billion [+]
Gasoline Prices 0.87 0.85 0.85 0.84 0.84 0.82 USD/Liter [+]
Bank Lending Rate 12.25 12.2 12.2 12.2 12.2 12.2 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 30.00 30 30 30 30 30 percent [+]
Personal Income Tax Rate 30.00 30 30 30 30 30 percent [+]
Sales Tax Rate 18.00 18 18 18 18 18 percent [+]





Economic Forecasts for Tanzania including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Tanzania economy. 1/23/2017