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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 10.30 9.5 9.5 9 9 8 percent
Inflation Rate 3.30 2.9 2.6 2.3 2.6 6.6 percent
Interest Rate 9.00 9 9 9 9 10 percent
Balance of Trade -132.80 -14.87 -14.65 -14.7 -14.76 -14.74 USD Million
Government Debt to GDP 37.40 41 41 43 43 45 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 2279.00
2282 2287 2291 2295 2313
Stock Market 2078.53
points
2193 2165 2137 2109 2002
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 6.80
percent
6.7 6.4 6.6 6.8 7
GDP 52.09
USD Billion
55 55 59 59 62
Gross Fixed Capital Formation 20802637.19
TZS Million
19534872 22134006 22175611 22217217 25246490
GDP per capita 900.52
USD
949 930 973 973 1015
GDP per capita PPP 2683.30
USD
2746 2771 2898 2898 3025
Gdp From Agriculture 2241174.00
TZS million
2316253 2413313 2389091 2393574 2752673
Gdp From Construction 1521187.00
TZS million
1572147 1501831 1621585 1624628 1713018
Gdp From Manufacturing 962586.00
TZS million
994833 953067 1026117 1028042 1087088
Gdp From Mining 489399.00
TZS million
505794 541611 521699 522678 617772
Gdp From Public Administration 736854.00
TZS million
761539 771710 785486 786960 880227
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 10.30
percent
9.5 9.5 9 9 8
Labor Force Participation Rate 86.70
percent
86.42 86.33 86.24 86.15 84.16
Population 52.55
Million
51.5 51.5 53.83 54.09 56.65
Wages 353589.00
TZS/Month
380000 380000 390000 363574 400000
Wages High Skilled 940800.00
TZS/Month
950800 950800 950800 795378 960500
Wages Low Skilled 484700.00
TZS/Month
490500 490500 490500 451266 500000
Youth Unemployment Rate 13.70
percent
13.58 13.55 13.51 13.47 12.65
Living Wage Family 779000.00
TZS/Month
779000 779000 785000 779000 785000
Living Wage Individual 305700.00
TZS/Month
305700 305700 305700 305700 305700
Employed Persons 2334969.00
2440987 2462740 2488697 2514653 2820468
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 3.30
percent
2.9 2.6 2.3 2.6 6.6
Consumer Price Index CPI 112.01
Index Points
112 112 115 116 124
Food Inflation 2.20
percent
4.52 4.73 5 5.34 5
Producer Prices 124.50
Index points
115 114 113 113 111
Inflation Rate Mom -0.40
percent
0.28 0.52 0.4 0.39 0.4
Import Prices 101.30
Index points
101 104 101 103 103
Export Prices 101.50
Index points
98.75 99.08 99.26 99.05 99.08
Cpi Housing Utilities 131.20
Index Points
131 134 136 139 162
CPI Transportation 102.70
Index Points
102 103 104 104 114
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 9.00
percent
9 9 9 9 10
Banks Balance Sheet 33035266.60
TZS Million
33661575 34305353 34951598 35598134 42063691
Deposit Interest Rate 10.49
percent
10.49 10.49 10.49 10.49 11.49
Central Bank Balance Sheet 19095246.50
TZS Million
19295699 19291951 19294656 19296421 19296745
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -132.80
USD Million
-14.87 -14.65 -14.7 -14.76 -14.74
Exports 608.20
USD Million
706 706 706 706 706
Imports 741.00
USD Million
721 721 721 721 721
Current Account -183.20
USD Million
-133 -133 -133 -133 -133
Current Account to GDP -1.80
percent
-9 -9 -8.7 -8.7 -7
Terms Of Trade 100.20
Index points
97.79 95.9 97.99 96.21 96.25
Terrorism Index 3.41
3.42 3.33 3.32 3.32 3.33
External Debt 20503.00
USD Million
20221 20226 20229 20229 20229
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 37.40
percent
41 41 43 43 45
Government Budget -2.10
percent of GDP
-3.24 -3.03 -3.02 -3 -3.03
Military Expenditure 575.50
USD Million
605 612 620 629 711
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Ease of Doing Business 137.00
134 134 135 136 138
Corruption Index 36.00
Points
36 36 36 36 36
Corruption Rank 103.00
109 108 108 109 111
Competitiveness Index 3.71
Points
3.7 3.7 3.62 3.59 3.54
Competitiveness Rank 113.00
111 111 111 111 107
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Private Sector Credit 17533.30
TZS Billion
17781 18093 18380 18649 20574
Gasoline Prices 1.04
USD/Liter
1.06 1 0.95 0.89 0.71
Bank Lending Rate 16.23
percent
16.23 16.23 16.23 16.23 17.23
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 22.13
celsius
21.33 23.46 23.15 22.93 22.89