Tanzania | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 1.50 1.83 1.83 1.83 1.83 1.83 percent [+]
Unemployment Rate 10.30 10.07 10.02 9.96 9.91 9.05 percent [+]
Inflation Rate 4.50 5 5.2 5.5 5.9 6 percent [+]
Interest Rate 12.00 12 12 12 12 10 percent [+]
Balance of Trade -101.00 -113 -116 -117 -117 -117 USD Million [+]
Government Debt to GDP 39.90 35.64 36.85 38.05 39.25 36.45 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 2173.00 2198 2220 2241 2263 2611 [+]
Stock Market 3877.40 2390 2370 2340 2320 1930 points [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 1.50 1.83 1.83 1.83 1.83 1.83 percent [+]
GDP Annual Growth Rate 7.90 6.22 6.84 7.09 6.66 6.65 percent [+]
GDP 44.90 52.8 52.8 52.8 45.55 61.23 USD Billion [+]
Gross Fixed Capital Formation 14410368.24 11610417 11717088 11823758 11930428 9637249 TZS Million [+]
GDP per capita 842.44 871 878 885 893 986 USD [+]
GDP per capita PPP 2510.24 2577 2596 2630 2663 3151 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 Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 10.30 10.07 10.02 9.96 9.91 9.05 percent [+]
Labor Force Participation Rate 86.70 86.34 86.26 86.17 86.08 84.65 percent [+]
Population 48.80 49.48 49.67 49.87 50.06 53 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 339390 340733 342077 343420 366252 TZS/Month [+]
Wages High Skilled 1014900.00 798975 798975 798975 798975 798975 TZS/Month [+]
Wages Low Skilled 386500.00 229482 229782 229746 229750 229750 TZS/Month [+]
Youth Unemployment Rate 13.70 13.55 13.51 13.47 13.43 12.8 percent [+]
Employed Persons 2141351.00 2388639 2442725 2496811 2550896 3231442 [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 4.50 5 5.2 5.5 5.9 6 percent [+]
Consumer Price Index CPI 103.17 103 104 104 104 104 Index Points [+]
Food Inflation 6.00 5.7 5.43 5.33 5.28 5.24 percent [+]
Producer Prices 116.20 118 118 116 118 118 Index points [+]
Import Prices 117.10 121 122 123 124 143 Index points [+]
Inflation Rate Mom 0.10 0.49 0.38 0.29 0.35 0.34 percent [+]
Export Prices 128.80 131 132 132 133 135 Index points [+]
Cpi Transportation 99.65 99.68 99.64 99.64 99.64 99.64 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 12.00 12 12 12 12 10 percent [+]
Banks Balance Sheet 29406990.21 31590610 32630763 33704180 34812005 52931212 TZS Million [+]
Deposit Interest Rate 9.89 9.74 9.75 9.75 9.76 9.76 percent [+]
Central Bank Balance Sheet 14251810.23 14228167 14140938 14226660 14140599 14226584 TZS Million [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -101.00 -113 -116 -117 -117 -117 USD Million [+]
Exports 807.10 835 827 821 821 822 USD Million [+]
Imports 908.10 918 921 922 922 922 USD Million [+]
Current Account -110.50 -142 -188 -204 -219 -182 USD Million [+]
Current Account to GDP -9.10 -6.97 -7.02 -7.08 -7.13 -6.47 percent [+]
Terms Of Trade 110.00 109 109 109 109 109 Index points [+]
Terrorism Index 3.83 3.84 3.84 3.84 3.85 3.85 [+]
External Debt 16399.80 16389 16387 16388 16388 16388 USD Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 39.90 35.64 36.85 38.05 39.25 36.45 percent [+]
Government Budget -5.10 -6.4 -6.62 -6.84 -7.05 -6.16 percent of GDP [+]
Military Expenditure 584.60 579 605 630 641 796 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Ease of Doing Business 132.00 138 143 145 148 137 [+]
Corruption Index 30.00 29.45 29.32 29.2 29.08 27.93 Points [+]
Corruption Rank 117.00 113 112 111 110 104 [+]
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 Q4/16 Q1/17 Q2/17 Q3/17 2020
Private Sector Credit 16622.80 16870 17106 17329 17542 19525 TZS Billion [+]
Gasoline Prices 0.86 0.87 0.85 0.85 0.84 0.82 USD/Liter [+]
Bank Lending Rate 11.57 12.07 12.06 12.06 12.06 12.06 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/6/2016