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 Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Growth Rate 1.50 1.83 1.83 1.83 1.83 1.83 percent [+]
Unemployment Rate 10.30 10.11 10.07 10.02 9.96 9.05 percent [+]
Inflation Rate 5.00 6 6.2 6.3 6.1 6.6 percent [+]
Interest Rate 12.00 12 12 12 12 10 percent [+]
Balance of Trade -132.80 -80.56 -78.78 -78.66 -78.66 -78.65 USD Million [+]
Government Debt to GDP 39.00 40 40 41 41 45 percent [+]
MARKETS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Currency 2235.00 2212 2189 2167 2145 1899 [+]
Stock Market 2108.76 2190 2170 2140 2120 1880 points [+]
GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Growth Rate 1.50 1.83 1.83 1.83 1.83 1.83 percent [+]
GDP Annual Growth Rate 5.70 6.8 7.2 7.2 7.2 7.8 percent [+]
GDP 47.43 49.11 54.36 50.58 51.26 61.23 USD Billion [+]
Gross Fixed Capital Formation 16944126.93 18295204 18894833 19326981 19759129 24715360 TZS Million [+]
GDP per capita 867.00 901 908 918 927 1022 USD [+]
GDP per capita PPP 2583.30 2592 2614 2623 2631 2698 USD [+]
Gdp From Agriculture 2929358.00 3135194 3143771 3142190 3142481 3142436 TZS million [+]
Gdp From Construction 1403971.00 1485404 1512248 1532387 1564552 1844568 TZS million [+]
Gdp From Manufacturing 926333.00 923497 956446 976586 973987 1126000 TZS million [+]
Gdp From Mining 486728.00 480172 536886 538838 556475 663175 TZS million [+]
Gdp From Public Administration 754487.00 760112 737269 755723 741582 740363 TZS million [+]
LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 10.30 10.11 10.07 10.02 9.96 9.05 percent [+]
Labor Force Participation Rate 86.70 86.43 86.34 86.26 86.17 84.65 percent [+]
Population 50.14 50.42 50.59 50.59 51.5 53.13 Million [+]
Living Wage Family 648197.00 642631 642521 642487 642477 642473 TZS/Month [+]
Living Wage Individual 262360.70 258752 258493 258364 258299 258234 TZS/Month [+]
Wages 353589.00 355349 360242 361905 363569 386855 TZS/Month [+]
Wages High Skilled 1014900.00 798975 798975 798975 798975 798975 TZS/Month [+]
Wages Low Skilled 386500.00 229750 229750 229750 229750 229750 TZS/Month [+]
Youth Unemployment Rate 13.70 13.58 13.55 13.51 13.47 12.8 percent [+]
Employed Persons 2334969.00 2440986 2462739 2488695 2514650 2775185 [+]
PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 5.00 6 6.2 6.3 6.1 6.6 percent [+]
Consumer Price Index CPI 108.46 108 107 107 106 103 Index Points [+]
Food Inflation 8.60 8.42 8.44 8.86 9.36 10.21 percent [+]
Producer Prices 116.30 117 117 117 117 117 Index points [+]
Inflation Rate Mom -0.40 0.35 1.01 1.05 1 1 percent [+]
Import Prices 118.70 118 117 117 116 112 Index points [+]
Export Prices 143.70 145 146 145 145 123 Index points [+]
CPI Transportation 99.37 99.24 99.01 98.78 98.56 96.62 Index Points [+]
MONEY Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Interest Rate 12.00 12 12 12 12 10 percent [+]
Banks Balance Sheet 30190390.24 31254865 31658844 31987675 32246457 33198136 TZS Million [+]
Deposit Interest Rate 9.89 9.81 9.74 9.75 9.75 9.76 percent [+]
Central Bank Balance Sheet 15497213.77 15614151 15698712 15619043 15699707 15699750 TZS Million [+]
TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade -132.80 -80.56 -78.78 -78.66 -78.66 -78.65 USD Million [+]
Exports 608.20 713 716 706 705 706 USD Million [+]
Imports 741.00 717 720 721 721 721 USD Million [+]
Current Account -183.20 -133 -133 -133 -133 -133 USD Million [+]
Current Account to GDP -8.80 -8.8 -8.8 -9 -9 -7 percent [+]
Terms Of Trade 119.40 122 122 122 122 111 Index points [+]
Terrorism Index 3.83 3.92 3.84 3.84 3.84 3.85 [+]
External Debt 17907.20 17759 17754 17755 17755 17755 USD Million [+]
GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Debt to GDP 39.00 40 40 41 41 45 percent [+]
Government Budget -5.10 -5.05 -4.83 -4.95 -5.07 -5.05 percent of GDP [+]
Military Expenditure 561.10 558 556 556 556 556 USD Million [+]
BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Ease of Doing Business 132.00 140 141 140 139 141 [+]
Corruption Index 32.00 33 33 33 34 34 Points [+]
Corruption Rank 116.00 116 116 117 118 123 [+]
Competitiveness Index 3.67 3.61 3.61 3.57 3.55 3.57 Points [+]
Competitiveness Rank 116.00 119 119 113 112 108 [+]
CONSUMER Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Private Sector Credit 16801.00 16948 17052 17149 17239 17852 TZS Billion [+]
Gasoline Prices 0.88 0.89 0.9 0.9 0.9 0.91 USD/Liter [+]
Bank Lending Rate 16.85 17 16.98 16.98 16.98 16.98 percent [+]
TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 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 [+]