Current Account to GDP in Tanzania increased to -2.10 percent in 2019 from -3.30 percent in 2018. source: Bank of Tanzania

Current Account to GDP in Tanzania averaged -6.37 percent from 1980 until 2019, reaching an all time high of -0.20 percent in 2003 and a record low of -13.40 percent in 1994. This page provides - Tanzania Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Tanzania Current Account to GDP - values, historical data and charts - was last updated on July of 2021.

Current Account to GDP in Tanzania is expected to reach -4.40 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Tanzania Current Account to GDP is projected to trend around -5.00 percent in 2021 and -6.00 percent in 2022, according to our econometric models.

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Tanzania Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-2.10 -3.30 -0.20 -13.40 1980 - 2019 percent of GDP Yearly

Tanzania Trade Last Previous Highest Lowest Unit
Balance of Trade -820.50 -177.30 -98.80 -1866.33 USD Million [+]
Current Account -499.10 37.50 63.50 -1725.87 USD Million [+]
Current Account to GDP -2.10 -3.30 -0.20 -13.40 percent of GDP [+]
Imports 2138.90 2127.10 3062.08 1775.30 USD Million [+]
Exports 1295.80 1838.50 1838.50 979.82 USD Million [+]
Terms Of Trade 107.50 104.10 119.40 100.00 points [+]
Terrorism Index 3.11 3.27 3.98 0.06 [+]
External Debt 25242.60 24477.60 25242.60 2469.70 USD Million [+]
Capital Flows -304.80 84.50 1606.20 -1327.00 USD Million [+]

Tanzania Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.