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 Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 10.30 10.2 10.2 10.2 10.2 10.3 percent [+]
Inflation Rate 5.10 4.8 4.6 4.5 4.3 6.6 percent [+]
Interest Rate 12.00 12 12 12 12 10 percent [+]
Balance of Trade -132.80 -178 -195 -208 -218 -252 USD Million [+]
Government Debt to GDP 39.00 40 41 41 41 45 percent [+]
MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 2236.00 2210 2190 2170 2148 1901 [+]
Stock Market 2113.10 2140 2120 2100 2080 1840 points [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate 7.80 7.2 7.2 7.2 6.8 7.8 percent [+]
GDP 47.43 54.36 47.3 47.1 46.9 61.23 USD Billion [+]
Gross Fixed Capital Formation 16944126.93 14248149 14398063 14547978 14697892 10037780 TZS Million [+]
GDP per capita 867.00 894 900 906 913 963 USD [+]
GDP per capita PPP 2583.30 2666 2687 2707 2728 2898 USD [+]
Gdp From Agriculture 2734195.00 2285358 2892809 2742639 2154264 2278165 TZS million [+]
Gdp From Construction 1437317.00 1412076 1413713 1411003 1406059 1377068 TZS million [+]
Gdp From Manufacturing 941532.00 939804 937841 936952 935506 924459 TZS million [+]
Gdp From Mining 482312.00 466292 462198 471478 458808 451133 TZS million [+]
Gdp From Public Administration 748370.00 733950 732305 733238 730868 700505 TZS million [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 10.30 10.2 10.2 10.2 10.2 10.3 percent [+]
Labor Force Participation Rate 86.70 86.34 86.26 86.17 86.08 84.65 percent [+]
Population 50.14 51.29 51.5 51.5 51.5 54.31 Million [+]
Living Wage Family 779000.00 779000 779000 779000 779000 779000 TZS/Month [+]
Living Wage Individual 305700.00 305700 305700 305700 305700 305700 TZS/Month [+]
Wages 353589.00 350258 349523 348788 348053 318344 TZS/Month [+]
Wages High Skilled 940800.00 727724 745835 754890 763946 804465 TZS/Month [+]
Wages Low Skilled 484700.00 404075 424415 434585 444755 453532 TZS/Month [+]
Youth Unemployment Rate 13.70 13.55 13.51 13.47 13.43 12.8 percent [+]
Employed Persons 2334969.00 2441541 2454515 2467489 2480464 2510310 [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 5.10 4.8 4.6 4.5 4.3 6.6 percent [+]
Consumer Price Index CPI 108.41 108 108 108 108 105 Index Points [+]
Food Inflation 8.80 10.33 10.81 10.91 10.83 10.4 percent [+]
Producer Prices 116.30 114 113 112 112 111 Index points [+]
Import Prices 118.70 117 117 116 115 112 Index points [+]
Inflation Rate Mom -0.10 0.96 1.05 1 0.99 1 percent [+]
Export Prices 143.70 146 145 145 143 123 Index points [+]
CPI Transportation 99.83 99.39 99.17 98.95 98.74 97.02 Index Points [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 12.00 12 12 12 12 10 percent [+]
Banks Balance Sheet 31243091.50 32510893 32810987 32966344 33016111 31684813 TZS Million [+]
Deposit Interest Rate 10.49 9.92 9.92 9.92 9.92 9.8 percent [+]
Central Bank Balance Sheet 17138287.20 17301912 17252368 17201133 17150164 16710121 TZS Million [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -132.80 -178 -195 -208 -218 -252 USD Million [+]
Exports 608.20 584 577 571 565 536 USD Million [+]
Imports 741.00 717 716 715 714 710 USD Million [+]
Current Account -183.20 -236 -245 -250 -253 -256 USD Million [+]
Current Account to GDP -8.80 -8.8 -9 -9 -7.56 -7 percent [+]
Terms Of Trade 120.40 123 123 123 123 113 Index points [+]
Terrorism Index 3.83 4.35 4.08 3.81 3.54 0.64 [+]
External Debt 18918.30 18415 18342 18256 18171 17473 USD Million [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 39.00 40 41 41 41 45 percent [+]
Government Budget -2.80 -3.81 -3.96 -4.1 -4.24 -5.2 percent of GDP [+]
Military Expenditure 561.10 580 587 594 600 636 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Ease of Doing Business 137.00 133 130 129 128 131 [+]
Corruption Index 32.00 32 32 32 32 30 Points [+]
Corruption Rank 116.00 112 112 112 112 111 [+]
Competitiveness Index 3.71 3.64 3.64 3.64 3.64 3.62 Points [+]
Competitiveness Rank 113.00 111 111 111 111 108 [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Private Sector Credit 16810.60 16954 16939 16887 16805 15501 TZS Billion [+]
Gasoline Prices 0.92 0.89 0.89 0.89 0.89 0.87 USD/Liter [+]
Bank Lending Rate 17.32 16.63 16.41 16.2 16.01 14.68 percent [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 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 19 19 19 percent [+]