Markets Actual Q2 Q3 Q4 Q1 2021
Currency 2309.00 2313 2317 2321 2325 2333
Stock Market (points) 1806.88 1735 1666 1599 1535 1408

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) 6.80 4 5.1 5.7 6.3 6.6
Unemployment Rate (%) 9.70 11 11 11 11.6 11.6
Inflation Rate (%) 3.30 3.7 3.5 3.6 3.2 4
Interest Rate (%) 7.00 5 5 5 5 5
Balance of Trade (USD Million) -610.20 -839 -859 -750 -631 -828
Current Account to GDP (%) -3.70 -4.4 -4.4 -4.4 -5 -5
Government Debt to GDP (%) 37.80 38.8 38.8 38.8 38.6 38.6
Government Budget (% of GDP) -3.10 -9.5 -9.5 -9.5 -6 -6
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) 6.80 4 5.1 5.7 6.3 6.6
GDP (USD Billion) 59.00 60.14 62 62 60 60
Gross Fixed Capital Formation (TZS Million) 46636420.57 48501877 49014878 49294697 49574515 52548147
GDP per capita (USD) 957.10 995 995 995 1020 1020
GDP per capita PPP (USD) 3227.03 3400 3400 3400 3289 3560
GDP From Agriculture (TZS Million) 5573086.00 8355043 5857313 5890752 5924190 6279542
GDP From Construction (TZS Million) 4052741.00 4751582 4259431 4283747 4308064 4566475
GDP From Manufacturing (TZS Million) 2671779.00 2479392 2808040 2824070 2840101 3010459
GDP From Mining (TZS Million) 1290552.00 1376816 1356370 1364113 1371857 1454145
GDP From Public Administration (TZS million) 1317178.00 1342434 1384354 1392257 1400160 1484146

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 9.70 11 11 11 11.6 11.6
Population (Million) 55.89 58.37 58.37 57.5 60 59.15
Wages High Skilled (TZS/Month) 884100.00 950800 950800 960500 960500 1000500
Living Wage Family (TZS/Month) 762800.00 762800 762800 785000 785000 798000

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 3.30 3.7 3.5 3.6 3.2 4
Consumer Price Index CPI (points) 120.67 121 120 121 124 126
Food Inflation (%) 4.60 6 5 4.7 4.5 5.3
Producer Prices (points) 104.40 109 107 107 107 112
Producer Prices Change (%) 4.40 6.5 4.7 5 5 4.3
Inflation Rate Mom (%) 1.10 0.8 0.6 0.4 0.3 0.3
Core Inflation Rate (%) 2.10 2.3 2.4 2.6 3 3.4
CPI Transportation (points) 107.66 110 109 110 112 115

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 7.00 5 5 5 5 5

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (USD Million) -610.20 -839 -859 -750 -631 -828
Current Account to GDP (%) -3.70 -4.4 -4.4 -4.4 -5 -5
Imports (USD Million) 2138.90 1970 2000 2000 2000 2150

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 37.80 38.8 38.8 38.8 38.6 38.6
Government Budget (% of GDP) -3.10 -9.5 -9.5 -9.5 -6 -6
Military Expenditure (USD Million) 665.00 760 760 760 760 730

Taxes Actual Q2 Q3 Q4 Q1 2021
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 Q2 Q3 Q4 Q1 2021
Gasoline Prices (USD/Liter) 0.90 0.91 0.87 0.82 0.78 0.74
Bank Lending Rate (%) 13.32 11.26 11.26 11.26 11.26 11.26


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.