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 3.40 3.7 4.3 4.1 4.5 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 2272.00
2282 2294 2306 2318 2366
Stock Market 2282.39
points
1974 1718 1495 1302 747
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 6.80
percent
6.7 7.2 6.6 6.8 7.8
GDP 52.09
USD Billion
55 55 59 59 62
Gross Fixed Capital Formation 18901665.77
TZS Million
19534872 20262586 20149176 20186979 23503141
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 2431458 2389091 2393574 2820316
Gdp From Construction 1521187.00
TZS million
1572147 1513123 1621585 1624628 1755113
Gdp From Manufacturing 962586.00
TZS million
994833 960233 1026117 1028042 1113801
Gdp From Mining 489399.00
TZS million
505794 545683 521699 522678 632953
Gdp From Public Administration 736854.00
TZS million
761539 777512 785486 786960 901858
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 3.40
percent
3.7 4.3 4.1 4.5 6.6
Consumer Price Index CPI 112.81
Index Points
112 114 117 118 129
Food Inflation 3.40
percent
4.52 4.73 5 5.34 5
Producer Prices 118.90
Index points
115 114 113 113 111
Import Prices 123.20
Index points
126 127 128 129 140
Inflation Rate Mom 0.00
percent
0.45 0.5 0.45 0.45 0.45
Export Prices 149.80
Index points
159 162 165 168 190
Cpi Housing Utilities 128.50
Index Points
131 134 136 139 162
CPI Transportation 101.25
Index Points
103 105 106 106 119
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 9.00
percent
9 9 9 9 10
Banks Balance Sheet 32503507.50
TZS Million
33738343 34412179 35090108 35769103 42562380
Deposit Interest Rate 10.49
percent
10.49 10.49 10.49 10.49 11.49
Central Bank Balance Sheet 18153926.70
TZS Million
18194894 18191995 18189642 18189179 18189299
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 121.60
Index points
127 130 129 130 136
Terrorism Index 3.41
3.42 3.33 3.32 3.32 3.33
External Debt 20027.70
USD Million
19998 20000 19999 20000 20000
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 -2.80
percent of GDP
-3.65 -3.55 -3.54 -3.53 -3.5
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 16837.60
TZS Billion
16895 16924 16950 16975 17152
Gasoline Prices 1.00
USD/Liter
0.95 0.89 0.84 0.8 0.45
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