Tanzania’s GDP grew at a rate of 7.9% in Q2 2016 reaching TZS11.7tn at constant prices, compared to TZS10.9tn in Q2 2015 with a growth…
Tanzania’s real GDP reached USD 55.4 billion in 2019 versus USD 52.4 billion in 2018 and USD 32 billion in 2010 with an average year-on-year growth of 6.3%.
Tanzania’s annual GDP growth rate of 6.3% over the past 10 years (2010-2019) placed the country among the 20 fastest growing economies in the world, beating the Sub-Saharan Africa average GDP growth rate of 3.5% during the same period.
However, the GDP growth of Tanzania has been slowing down in recent years, from a peak of 7.7% in 2011 to 5.8% in 2019.
Tanzania is currently pursuing its National Five Year Development Plan 2016/17-2020/21. As per the objectives of the Plan, Tanzania aims to raise its annual real GDP growth to 10% by 2021.
However, the International Monetary Fund (IMF) estimates that the growth of Tanzania’s economy will be 4.2% in 2020.
Latest Update: 13th August 2020
In the first quarter of 2016, Tanzania’s GDP grew at a rate of 5.5%, reaching TZS11.8tn, compared to TZS11.1tn in Q1 2015, Tanzania’s National Bureau…
The fourth review of the International Monetary Fund (IMF) program in Tanzania concluded that the country’s macroeconomic performances remain strong.
The Bank of Tanzania (BOT) issued its monetary policy targets for 2016–2017 that are in line with the macroeconomic objectives of the Government.
Tanzania’s economy is projected to remain stable over the next 2 years, according to the World Bank’s (WB) 8th Tanzania Economic Update (TEU) published on…