Tanzania - Economic Forecasts - 2018-2020 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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 10.30 10.27 10.25 10.22 10.2 10.3 percent
Inflation Rate 4.00 4.6 4.5 4.3 4.3 6.6 percent
Interest Rate 12.00 12 12 12 12 10 percent
Balance of Trade -132.80 -195 -208 -218 -226 -252 USD Million
Government Debt to GDP 39.00 41 41 41 41 45 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 2243.00
2235 2235 2235 2235 2235
Stock Market 2377.15
points
2066 1782 1538 1327 408
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 7.80
percent
7.2 7.2 6.8 7.4 7.8
GDP 47.43
USD Billion
46.37 46.75 47.12 56.09 61.23
Gross Fixed Capital Formation 18901665.77
TZS Million
17447751 17963247 18478743 18994240 16519516
GDP per capita 867.00
USD
870 878 886 894 963
GDP per capita PPP 2583.30
USD
2597 2620 2643 2666 2898
Gdp From Agriculture 2734195.00
TZS million
2892809 2742639 2154264 2284911 2278165
Gdp From Construction 1437317.00
TZS million
1413713 1411003 1406059 1402951 1377068
Gdp From Manufacturing 941532.00
TZS million
937841 936952 935506 934345 924459
Gdp From Mining 482312.00
TZS million
462399 471934 459215 462180 451671
Gdp From Public Administration 748370.00
TZS million
729561 728853 725742 720439 696799
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 10.30
percent
10.27 10.25 10.22 10.2 10.3
Labor Force Participation Rate 86.70
percent
86.6 86.51 86.42 86.33 84.52
Population 50.14
Million
51.5 51.5 51.5 51.5 54.31
Wages 353589.00
TZS/Month
339519 343099 346679 350258 318344
Wages High Skilled 940800.00
TZS/Month
736779 745835 754890 763946 804465
Wages Low Skilled 484700.00
TZS/Month
414245 424415 434585 444755 453532
Youth Unemployment Rate 13.70
percent
13.66 13.62 13.58 13.55 12.8
Living Wage Family 779000.00
TZS/Month
779000 779000 779000 779000 779000
Living Wage Individual 305700.00
TZS/Month
305700 305700 305700 305700 305700
Employed Persons 2334969.00
2348903 2379782 2410661 2441541 2510310
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 4.00
percent
4.6 4.5 4.3 4.3 6.6
Consumer Price Index CPI 109.21
Index Points
110 110 109 109 107
Food Inflation 6.20
percent
4.78 5.32 6.52 7.73 9.75
Producer Prices 117.50
Index points
116 116 115 114 111
Import Prices 120.70
Index points
120 119 119 118 114
Inflation Rate Mom 0.20
percent
0.97 1.03 0.99 0.99 0.99
Export Prices 145.30
Index points
146 145 144 142 123
CPI Transportation 100.33
Index Points
100 99.95 99.74 99.53 98.03
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 12.00
percent
12 12 12 12 10
Banks Balance Sheet 30970670.30
TZS Million
30436816 30199069 29976420 29765606 27709935
Deposit Interest Rate 10.49
percent
10.14 10.33 10.53 10.73 10.37
Central Bank Balance Sheet 18106394.10
TZS Million
18326838 18265070 18196157 18126522 17340650
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -132.80
USD Million
-195 -208 -218 -226 -252
Exports 608.20
USD Million
577 571 565 560 536
Imports 741.00
USD Million
716 715 714 714 710
Current Account -183.20
USD Million
-245 -250 -253 -255 -256
Current Account to GDP -8.80
percent
-9 -9 -8.11 -9 -7
Terms Of Trade 120.40
Index points
119 118 116 115 107
Terrorism Index 3.41
3.31 2.96 2.6 2.25 0.27
External Debt 19150.00
USD Million
19025 18942 18861 18782 17922
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 39.00
percent
41 41 41 41 45
Government Budget -2.80
percent of GDP
-4.4 -4.2 -4.01 -3.81 -5.2
Military Expenditure 561.10
USD Million
570 573 577 580 636
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Ease of Doing Business 137.00
131 130 129 128 131
Corruption Index 32.00
Points
31 31 31 32 30
Corruption Rank 116.00
111 111 112 112 111
Competitiveness Index 3.71
Points
3.64 3.64 3.64 3.64 3.62
Competitiveness Rank 113.00
111 111 111 111 108
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Private Sector Credit 16937.70
TZS Billion
17405 17658 17807 17880 16964
Gasoline Prices 0.97
USD/Liter
0.95 0.95 0.95 0.95 0.93
Bank Lending Rate 17.08
percent
16.97 16.77 16.57 16.37 14.72
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 30.00
percent
30 30 30 30 30
Personal Income Tax Rate 30.00
percent
30 30 30 30 30
Sales Tax Rate 18.00
percent
18 18 18 18 19
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Temperature 22.13
celsius
23.11 21.67 21.33 23.46 22.89