Tanzania | Economic Forecasts | 2017-2020 Outlook

This page has 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.

Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 1.50 1.83 1.83 1.83 1.83 1.83 percent [+]
Unemployment Rate 10.30 10.15 10.11 10.07 10.02 9.05 percent [+]
Inflation Rate 6.40 5.9 6 6.2 6.3 6.6 percent [+]
Interest Rate 12.00 12 12 12 12 10 percent [+]
Balance of Trade 150.30 41.94 35.19 33.8 33.54 33.49 USD Million [+]
Government Debt to GDP 39.90 39.3 37.47 35.64 36.85 36.45 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 2231.00 2250 2270 2340 2310 2670 [+]
Stock Market 2315.01 2290 2270 2200 2220 1850 points [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 1.50 1.83 1.83 1.83 1.83 1.83 percent [+]
GDP Annual Growth Rate 6.20 7.1 6.8 7.2 7.2 7.8 percent [+]
GDP 45.63 52.8 47.11 54.36 46.22 61.23 USD Billion [+]
Gross Fixed Capital Formation 16944126.93 17695576 18295204 18894833 19326981 24715360 TZS Million [+]
GDP per capita 842.37 861 868 874 882 995 USD [+]
GDP per capita PPP 2510.04 2530 2563 2595 2610 2830 USD [+]
Gdp From Agriculture 2170557.00 2101827 2102553 2102403 2102434 2102429 TZS million [+]
Gdp From Construction 1213131.00 1341942 1342339 1378670 1405449 1628496 TZS million [+]
Gdp From Manufacturing 856102.00 900993 902868 915001 938409 1051614 TZS million [+]
Gdp From Mining 440045.00 464906 469502 482164 479438 558525 TZS million [+]
Gdp From Public Administration 82989.00 593126 661895 583348 492118 510412 TZS million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 10.30 10.15 10.11 10.07 10.02 9.05 percent [+]
Labor Force Participation Rate 86.70 86.52 86.43 86.34 86.26 84.65 percent [+]
Population 50.14 50.25 50.42 50.59 50.59 53.13 Million [+]
Living Wage Family 648197.00 644759 643788 643117 642653 641634 TZS/Month [+]
Living Wage Individual 262360.70 259682 259030 258620 258361 257925 TZS/Month [+]
Wages 353589.00 350455 355349 360242 361905 386855 TZS/Month [+]
Wages High Skilled 1014900.00 798975 798975 798975 798975 798975 TZS/Month [+]
Wages Low Skilled 386500.00 229746 229750 229750 229750 229750 TZS/Month [+]
Youth Unemployment Rate 13.70 13.62 13.58 13.55 13.51 12.8 percent [+]
Employed Persons 2334969.00 2419233 2440986 2462739 2488695 2775185 [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 6.40 5.9 6 6.2 6.3 6.6 percent [+]
Consumer Price Index CPI 108.44 111 112 114 115 132 Index Points [+]
Food Inflation 11.00 14.59 16.27 17.03 17.38 17.68 percent [+]
Producer Prices 115.10 114 115 115 115 115 Index points [+]
Inflation Rate Mom 1.40 0.4 0.49 0.62 0.55 0.56 percent [+]
Import Prices 116.50 116 118 118 119 130 Index points [+]
Export Prices 131.80 132 131 129 126 105 Index points [+]
Cpi Transportation 100.14 100 100 100 100 100 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 12.00 12 12 12 12 10 percent [+]
Banks Balance Sheet 29457605.66 29706466 29796127 29873504 29932239 30145924 TZS Million [+]
Deposit Interest Rate 9.89 9.89 9.81 9.74 9.75 9.76 percent [+]
Central Bank Balance Sheet 15109779.50 15298561 15220989 15306787 15222796 15307244 TZS Million [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade 150.30 41.94 35.19 33.8 33.54 33.49 USD Million [+]
Exports 854.00 842 840 841 841 841 USD Million [+]
Imports 703.70 797 798 798 798 798 USD Million [+]
Current Account 83.40 -93.41 -93.38 -93.14 -93.16 -93.17 USD Million [+]
Current Account to GDP -8.80 -8.8 -8.8 -8.8 -9 -7 percent [+]
Terms Of Trade 113.10 113 113 112 111 106 Index points [+]
Terrorism Index 3.83 3.99 3.92 3.84 3.84 3.85 [+]
External Debt 17560.40 17254 17241 17245 17244 17244 USD Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 39.90 39.3 37.47 35.64 36.85 36.45 percent [+]
Government Budget -5.10 -5.27 -5.05 -4.83 -4.95 -5.05 percent of GDP [+]
Military Expenditure 584.60 605 630 641 641 796 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Ease of Doing Business 132.00 140 140 141 140 141 [+]
Corruption Index 32.00 33 33 33 33 34 Points [+]
Corruption Rank 116.00 116 116 116 117 123 [+]
Competitiveness Index 3.67 3.61 3.61 3.61 3.55 3.57 Points [+]
Competitiveness Rank 116.00 119 119 119 112 108 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Private Sector Credit 16572.20 16495 16451 16412 16376 16164 TZS Billion [+]
Gasoline Prices 0.93 0.93 0.94 0.95 0.96 0.98 USD/Liter [+]
Bank Lending Rate 17.09 14.62 14.4 14.35 14.32 14.31 percent [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 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 [+]