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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 10.30 9.5 9 9 9 8 percent
Inflation Rate 3.20 2.6 2.3 2.6 3 6.6 percent
Interest Rate 9.00 9 9 9 9 10 percent
Balance of Trade -944.10 3333 3358 3078 3102 3241 USD Million
Government Debt to GDP 37.40 41 43 43 43 45 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 2286.00
2292 2297 2302 2306 2325
Stock Market 2042.98
points
2077 2050 2022 1996 1892
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 6.80
percent
6.4 6.6 6.8 6.7 7
GDP 52.09
USD Billion
55 59 59 59 62
Gross Fixed Capital Formation 20802637.19
TZS Million
22134006 22175611 22217217 20843708 25246490
GDP per capita 900.52
USD
930 973 973 952 1015
GDP per capita PPP 2683.30
USD
2771 2898 2898 2838 3025
GDP From Agriculture 2241174.00
TZS million
2413313 2389091 2393574 2471442 2752673
GDP From Construction 1521187.00
TZS million
1501831 1621585 1624628 1677481 1713018
GDP From Manufacturing 962586.00
TZS million
953067 1026117 1028042 1061486 1087088
GDP From Mining 489399.00
TZS million
541611 521699 522678 539682 617772
GDP From Public Administration 736854.00
TZS million
771710 785486 786960 812562 880227
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 10.30
percent
9.5 9 9 9 8
Labor Force Participation Rate 86.70
percent
86.33 86.24 86.15 86.06 84.16
Population 52.55
Million
51.5 53.83 54.09 54.34 56.65
Wages 362400.00
TZS/Month
380000 390000 359314 357864 400000
Wages High Skilled 884100.00
TZS/Month
950800 950800 749322 762558 960500
Wages Low Skilled 419500.00
TZS/Month
490500 490500 377812 386897 500000
Youth Unemployment Rate 13.70
percent
13.55 13.51 13.47 13.43 12.65
Living Wage Family 762800.00
TZS/Month
762800 785000 762800 762800 785000
Living Wage Individual 332400.00
TZS/Month
332400 332400 332400 332400 332400
Employed Persons 2334969.00
2462740 2488697 2514653 2540610 2820468
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 3.20
percent
2.6 2.3 2.6 3 6.6
Consumer Price Index CPI 111.88
Index Points
112 115 116 115 124
Food Inflation 1.20
percent
4.73 5 5.34 -0.68 5
Producer Prices 124.50
Index points
114 113 113 113 111
Inflation Rate Mom -0.30
percent
0.25 0.4 0.28 0.27 0.29
Import Prices 101.20
Index points
101 98.1 100 98.85 99.37
Export Prices 102.00
Index points
102 99.91 102 100 101
Cpi Housing Utilities 134.78
Index Points
136 140 143 146 172
CPI Transportation 102.86
Index Points
103 104 104 105 114
Core Consumer Prices 106.05
Index Points
106 107 107 108 112
Core Inflation Rate 2.30
percent
2.41 2.67 2.88 3.05 3.83
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 9.00
percent
9 9 9 9 10
Banks Balance Sheet 33035266.60
TZS Million
34305353 34951598 35598134 36244692 42063691
Deposit Interest Rate 8.51
percent
8.51 8.51 8.51 8.51 9.51
Money Supply M0 6753.20
TZS Billion
6888 6951 7010 7068 7560
Money Supply M1 11353.60
TZS Billion
11650 11792 11997 12183 13848
Money Supply M2 18437.40
TZS Billion
18922 19153 19457 19740 22258
Money Supply M3 25042.40
TZS Billion
25500 25833 26194 26546 29612
Central Bank Balance Sheet 19095246.50
TZS Million
19291951 19294656 19296421 19296761 19296745
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -944.10
USD Million
3333 3358 3078 3102 3241
Exports 1015.90
USD Million
1436 1400 1131 1141 1293
Imports -1959.90
USD Million
-1917 -1958 -1947 -1961 -1947
Current Account -786.60
USD Million
-421 -614 -698 -536 -588
Current Account to GDP -1.80
percent
-9 -8.7 -8.7 -8.7 -7
Terms Of Trade 100.80
Index points
101 102 101 101 102
Terrorism Index 3.41
3.41 3.41 3.41 3.41 3.41
External Debt 20592.40
USD Million
20348 20369 20362 20361 20362
Capital Flows -552.60
USD Million
-643 -377 -246 -413 -437
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 37.40
percent
41 43 43 43 45
Government Budget -2.10
percent of GDP
-2.1 -2.1 -2.1 -2.1 -2.1
Military Expenditure 575.50
USD Million
612 620 629 638 711
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Ease of Doing Business 144.00
135 137 138 139 136
Corruption Index 36.00
Points
36 36 36 36 36
Corruption Rank 103.00
103 103 103 103 103
Competitiveness Index 47.21
Points
47.71 47.71 47.71 47.71 50.21
Competitiveness Rank 116.00
116 116 116 116 116
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Private Sector Credit 17583.00
TZS Billion
17986 18252 18501 18735 20285
Gasoline Prices 1.03
USD/Liter
0.95 0.9 0.85 0.79 0.67
Bank Lending Rate 15.90
percent
16.19 16.19 16.19 16.19 17.19
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 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 18
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Temperature 22.13
celsius
23.46 23.15 22.93 22.93 22.89



Tanzania - Economic Forecasts - 2018-2020 Outlook