The Latest

Tanzania Tourism Revenues Up +13.6% in Year End June 2018

August 29, 2018
1 minute read
Tanzania travel tourism revenues june 2018

The Bank of Tanzania (BOT) Monthly Economic Review of July 2018 indicates that earnings from export of goods and services amounted to USD 9,075.5 million in the year ending June 2018.

Services Receipts
The services account balance improved by 7.1% to a surplus of USD 1,778.1 million in the year ending June 2018, following an increase in services receipts that recorded annual growth of 9.0% to USD 3,981.7 million.

Foreign earnings from travel and transport services remained the main driver of services receipts growth.

Tanzania Investment Guide 2026 Free Edition

Earnings from travel accounted for 60.4% of services receipts and grew by 13.6% to USD 2,403.2 million in the year ending June 2018.

This was due to an increase in the number of tourist arrivals following enhanced promotional activities by the government and private sector.

Moreover, transport services receipts accounted for 31.0% of services receipts and grew by 12.5% to USD 1,232.5 million owing to an increase in the volume of transit goods to-and-from neighboring countries. .

Want to know more about Tourism in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers Tourism, plus key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources.

Download Free OverviewGet the Full Guide — USD 99
Tweet
Share
Share
Share
Related Posts
Tanzania Samia Suluhu Hassan Namibia Netumbo Nandi-Ndaitwah
Read More

Tanzania and Namibia Sign Four Cooperation Agreements to Expand Trade and Investment

Tanzania and Namibia signed four cooperation agreements covering trade, small and medium enterprises, defence and municipal cooperation during a state visit by Namibian President Netumbo Nandi-Ndaitwah. The two countries also agreed to expand cooperation across multiple sectors and strengthen trade and investment links through greater private sector participation.
TANZANIA ECONOMIC UPDATE YE APRIL 2026
Read More

Tanzania Exports Grow 13.5% to USD 18.9 Billion in Year Ending April 2026, Led by Gold and Tourism

The Bank of Tanzania's May 2026 review shows exports rising 13.5% to USD 18,876.7 million for the year ending April 2026, led by gold and tourism, while headline inflation climbed to 4% on higher fuel prices. Private sector credit grew 23.6%, the CBR was held at 5.75%, the Shilling appreciated 2.7% to TZS 2,612.46 per USD, and foreign exchange reserves reached USD 5,722.5 million, covering 4.4 months of imports.
Tanzania Minister Ashatu Kijaji Parliament Bunge
Read More

Tanzania Tourism Budget 2026/2027 of TZS 334.35 Billion Targets 20% GDP Share, with Sector Earnings at USD 4.4 Billion and 5.93 Million Tourists

Tanzania’s Minister of Natural Resources and Tourism, Dr. Ashatu Kijaji, tabled a TZS 334.35 billion budget for the Ministry for the 2026/27 financial year, with TZS 62.30 billion directed to development across wildlife, forestry, tourism, and antiquities. Tourism earnings reached USD 4.4 billion in 2025, with 5.93 million tourists, and the Ministry projects revenue of TZS 1.49 trillion in 2026/27, more than four times its budget.
Tanzania ASSESSMENT OF ECONOMIC IMPACTS ON TANZANIA ARISING FROM THE GULF CRISIS
Read More

Tanzania Gulf Crisis Report Rates Energy, Food, Transport, Tourism and Budget at High Risk

A May 2026 rapid assessment by Tanzania's National Planning Commission and UNDP rates energy, food, transport, tourism and the Government budget at high risk from the Gulf crisis, which raised Dar es Salaam fuel prices by up to 69% between January and May 2026. The report flags a possible TZS 153.7 billion monthly customs revenue shortfall and fuel subsidy needs rising to TZS 1,384.2 billion by July, alongside buffers including a 124% food self-sufficiency ratio, USD 6.3 billion in reserves and 57 trillion cubic feet of gas.

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 includes policies, taxation, key regulations, full macroeconomic data, and sources.

Download Free Overview Get the Full Guide — USD 99