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Tanzania Tourism Revenues Up +14.6% in Year End May 2018

August 1, 2018
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Tanzania tourism revenues may 2018

The Bank of Tanzania (BOT) Monthly Economic Review of June 2018 indicates that earnings from export of goods and services rose to USD 240.0 million in the year ending May 2018 from USD 171.4 million in the year to May 2017.

Services Receipts
Services earning increased by 10.3% from the amount realized in the year to May 2017 to USD 162.4 million, driven by receipts from tourism related activities.

Travel receipts, which accounted for 60.4% of services receipts, grew by 14.6% to USD 2,414.4 million owing to increase in number of tourist arrivals following enhanced promotional activities by the government and private sector.

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Moreover, receipts from transport services—which hold 30.4% of services receipts—was USD 1,214.7 million, higher than USD 1,119.3 million in the year to May 2017 following an increase in transit goods to-and-from neighbouring countries.

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Want to know more about investing in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the economy, key sectors and investment opportunities. The complete 141-page edition, which includes policies, taxation, key regulations, full macroeconomic data and sources, is also available at no cost upon completion of a short form.

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