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 5.50 5.7 5.9 6 6.2 6.6 percent [+]
Interest Rate 12.00 12 12 12 12 10 percent [+]
Balance of Trade -26.00 -81.35 -83.53 -84.05 -84.17 -84.2 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 2230.00 2248 2271 2293 2337 2671 [+]
Stock Market 2245.54 2280 2260 2230 2190 1840 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 7.4 6.64 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 Agriculture 2170557.00 2105341 2101827 2102553 2102403 2102429 TZS million [+]
Gdp From Construction 1213131.00 1328698 1341942 1342339 1378670 1628496 TZS million [+]
Gdp From Manufacturing 856102.00 898393 900993 902868 915001 1051614 TZS million [+]
Gdp From Mining 440045.00 434611 464906 469502 482164 558525 TZS million [+]
Gdp From Public Administration 82989.00 402430 593126 661895 583348 510412 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 648197.00 646164 644759 643788 643117 641634 TZS/Month [+]
Living Wage Individual 262360.70 260717 259682 259030 258620 257925 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 5.50 5.7 5.9 6 6.2 6.6 percent [+]
Consumer Price Index CPI 106.97 108 109 110 110 110 Index Points [+]
Food Inflation 7.60 8.43 9.06 9.34 9.46 9.55 percent [+]
Producer Prices 115.10 116 114 115 115 115 Index points [+]
Inflation Rate Mom 0.80 0.33 0.36 0.46 0.41 0.42 percent [+]
Import Prices 116.50 112 113 116 118 130 Index points [+]
Export Prices 131.80 132 132 132 131 105 Index points [+]
Cpi Transportation 99.72 99.66 99.64 99.64 99.63 99.63 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 12.00 12 12 12 12 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 -26.00 -81.35 -83.53 -84.05 -84.17 -84.2 USD Million [+]
Exports 849.40 830 821 822 823 823 USD Million [+]
Imports 875.50 890 889 889 889 889 USD Million [+]
Current Account -91.60 -164 -166 -165 -165 -165 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 17440.90 16926 16999 16981 16982 16982 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 32.00 33 33 33 33 34 Points [+]
Corruption Rank 116.00 113 113 113 113 104 [+]
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 16631.90 16728 16791 16849 16902 17299 TZS Billion [+]
Gasoline Prices 0.88 0.87 0.87 0.87 0.87 0.87 USD/Liter [+]
Bank Lending Rate 13.33 12.86 12.75 12.74 12.73 12.73 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. 3/28/2017