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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 10.30 10.25 10.22 10.2 10.2 10.4 percent
Inflation Rate 3.90 4.5 4.3 4.3 8 6.6 percent
Interest Rate 9.00 9 9 9 12 10 percent
Balance of Trade -132.80 -111 -111 -111 -111 -111 USD Million
Government Debt to GDP 37.40 41 41 41 43 45 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 2278.00
2260 2260 2260 2260 2260
Stock Market 2463.58
points
2106 1828 1586 1377 781
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 6.80
percent
7.2 6.7 7.4 6.6 7.8
GDP 47.43
USD Billion
48.3 49.1 56.09 57.44 61.23
Gross Fixed Capital Formation 18901665.77
TZS Million
20262586 19534872 20970302 20149176 24324040
GDP per capita 867.00
USD
879 949 895 973 996
GDP per capita PPP 2583.30
USD
2620 2643 2666 2898 2966
Gdp From Agriculture 2241174.00
TZS million
2931057 2316253 2516382 2389091 2918822
Gdp From Construction 1521187.00
TZS million
1540804 1572147 1565972 1621585 1816415
Gdp From Manufacturing 962586.00
TZS million
1009322 994833 993772 1026117 1152703
Gdp From Mining 489399.00
TZS million
517038 505794 564743 521699 655061
Gdp From Public Administration 736854.00
TZS million
802253 761539 804668 785486 933357
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 10.30
percent
10.25 10.22 10.2 10.2 10.4
Labor Force Participation Rate 86.70
percent
86.51 86.42 86.33 86.24 84.16
Population 50.14
Million
51.5 51.5 51.5 51.1 54.49
Wages 353589.00
TZS/Month
380000 380000 380000 390000 400000
Wages High Skilled 940800.00
TZS/Month
950800 950800 950800 950800 960500
Wages Low Skilled 484700.00
TZS/Month
490500 490500 490500 490500 500000
Youth Unemployment Rate 13.70
percent
13.62 13.58 13.55 13.51 12.65
Living Wage Family 779000.00
TZS/Month
779000 779000 779000 785000 785000
Living Wage Individual 305700.00
TZS/Month
305700 305700 305700 305700 305700
Employed Persons 2334969.00
2419234 2440987 2462740 2488697 2820468
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 3.90
percent
4.5 4.3 4.3 8 6.6
Consumer Price Index CPI 112.70
Index Points
114 114 114 122 129
Food Inflation 4.70
percent
4.32 4.52 4.73 5 5
Producer Prices 117.50
Index points
116 115 114 113 111
Import Prices 123.20
Index points
121 121 121 121 121
Inflation Rate Mom 1.20
percent
0.66 0.62 0.66 0.66 0.65
Export Prices 149.80
Index points
153 154 154 154 134
CPI Transportation 101.52
Index Points
104 105 105 113 119
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 9.00
percent
9 9 9 12 10
Banks Balance Sheet 30970670.30
TZS Million
30991664 30991664 30991664 30991664 30991664
Deposit Interest Rate 10.49
percent
10.77 11.07 11.36 11.55 12.84
Central Bank Balance Sheet 18106394.10
TZS Million
16991836 16949843 16933599 16927315 16923350
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -132.80
USD Million
-111 -111 -111 -111 -111
Exports 608.20
USD Million
596 596 596 596 596
Imports 741.00
USD Million
706 706 706 706 706
Current Account -183.20
USD Million
-148 -148 -148 -148 -148
Current Account to GDP -8.80
percent
-9 -9 -9 -8.7 -7
Terms Of Trade 121.60
Index points
126 127 126 127 111
Terrorism Index 3.41
2.96 2.6 2.25 1.99 0.47
External Debt 19418.10
USD Million
18974 18905 19030 18937 18935
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 37.40
percent
41 41 41 43 45
Government Budget -2.80
percent of GDP
-3.74 -3.65 -3.55 -3.54 -3.5
Military Expenditure 561.10
USD Million
580 591 602 612 750
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Ease of Doing Business 137.00
130 129 128 129 135
Corruption Index 36.00
Points
36 36 36 36 36
Corruption Rank 103.00
103 103 103 103 103
Competitiveness Index 3.71
Points
3.64 3.64 3.64 3.65 3.56
Competitiveness Rank 113.00
114 114 114 114 114
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Private Sector Credit 16909.90
TZS Billion
16823 16564 16740 16679 16668
Gasoline Prices 0.99
USD/Liter
0.95 0.89 0.84 0.79 0.55
Bank Lending Rate 15.88
percent
17.08 16.81 16.93 16.82 16.86
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Temperature 22.13
celsius
21.67 21.33 23.46 23.15 22.89