Markets Actual Q1 Q2 Q3 Q4 2020
Currency 2295.00 2300 2306 2313 2320 2333
Stock Market (points) 2086.79 2020 1980 1940 1902 1826
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 6.80 6.4 5.2 4.7 4.5 4.8
Unemployment Rate (%) 9.70 9.5 9.5 9.5 9.5 9.3
Inflation Rate (%) 3.80 3.3 3.5 3.6 3.6 5
Interest Rate (%) 7.00 5 5 5 5 5
Balance of Trade (USD Million) -755.80 -819 -829 -631 -750 -828
Current Account to GDP (%) -3.70 -4.4 -4.4 -4.4 -4.4 -5
Government Debt to GDP (%) 37.40 45 45 45 45 47
Government Budget (% of GDP) -2.00 -4 -4 -4 -4 -5.1
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 6.80 6.4 5.2 4.7 4.5 4.8
GDP (USD Billion) 57.44 62 62 62 62 60
Gross Fixed Capital Formation (TZS Million) 46636420.57 49621151 49061514 48828332 48735059 51074342
GDP per capita (USD) 957.10 995 995 995 995 1020
GDP per capita PPP (USD) 3227.03 3400 3400 3400 3400 3560
GDP From Agriculture (TZS Million) 5573086.00 8711855 8451447 8411278 8395211 8798181
GDP From Construction (TZS Million) 4052741.00 4462289 4806408 4783564 4774426 5003599
GDP From Manufacturing (TZS Million) 2671779.00 2426526 2508001 2496080 2491312 2610895
GDP From Mining (TZS Million) 1290552.00 1234031 1392703 1386084 1383436 1449841
GDP From Public Administration (TZS million) 1317178.00 1390995 1357924 1351470 1348888 1413635
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 9.70 9.5 9.5 9.5 9.5 9.3
Population (Million) 54.20 58.37 58.37 58.37 57.5 59.15
Wages High Skilled (TZS/Month) 884100.00 950800 950800 950800 960500 1000500
Wages Low Skilled (TZS/Month) 419500.00 490500 490500 490500 500000 520000
Living Wage Family (TZS/Month) 762800.00 762800 762800 762800 785000 798000
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 3.80 3.3 3.5 3.6 3.6 5
Consumer Price Index CPI (points) 117.10 120 121 120 121 127
Food Inflation (%) 6.30 6.5 6.5 5.5 5 5
Producer Prices (points) 103.16 111 110 108 108 113
Producer Prices Change (%) 11.44 7.8 6.5 4.7 5 4.3
Inflation Rate Mom (%) 0.60 0.3 0.3 0.5 0.4 0.3
CPI Transportation (points) 106.33 109 110 109 109 115
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 7.00 5 5 5 5 5
Deposit Interest Rate (%) 7.15 5.15 5.15 5.15 5.15 5.15
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) -755.80 -819 -829 -631 -750 -828
Current Account to GDP (%) -3.70 -4.4 -4.4 -4.4 -4.4 -5
Imports (USD Million) 2138.90 1950 1970 2000 2000 2150
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 37.40 45 45 45 45 47
Government Budget (% of GDP) -2.00 -4 -4 -4 -4 -5.1
Military Expenditure (USD Million) 665.00 760 760 760 760 730
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Sales Tax Rate (%) 18.00 18 18 18 18 18
Consumer Actual Q1 Q2 Q3 Q4 2020
Gasoline Prices (USD/Liter) 0.91 1 1.02 1.05 1.07 1.08
Bank Lending Rate (%) 13.62 11.62 11.62 11.62 11.62 11.62


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.