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Tanzania
Tanzania Economic Outlook
Real GDP growth was an estimated 6.7% in 2018, down from 7.1% in 2017. The services sector was the main contributor to GDP (39.3%). Private investment was the main demand-side contributor (63.9%). The external sector stymied economic growth as the current account deficit increased (despite the real depreciation of the Tanzanian shilling), due to a higher volume of imports in 2018 than in 2017. The increase is due largely to increased imports of transport equipment, building and construction materials, industrial raw materials, and petroleum products for large public investment projects, such as the Standard Gauge Railway. The import bill also increased as a result of the rise in the price of key commodities, such as crude oil.
Key Facts
| Flag: |  |
| Capital: | Dodoma |
| Area: | 945,000 sq km |
| Total Population 2017: | 56.9 Million ... |
| Urban Population 2017: | 73.50% |
| Female Population 2017: | 49.70% |
| GDP: | US$ 52.7 Billion |
| GNI Per Capita 2015: | US$ 910 |
| Inflation Rate: | 7.04% |
| Crude Birth Rate (per 1000): | 37.60% |
| Human Development Index (rank / 188): | 151 |
| Human Development Index (scale 0 to 1): | 0.531 |
| Membership Date: | 10/09/1964 |
| Cumulative Approvals (1967-2016): | UA 2.8 Billion |
Map detail
23/10/2018 - One Stop Border Post – TANZANIA - KENYA
29/06/2017 - Integrating Africa: Completing Cape to Cairo road
22/05/2017 - Ahadi Yassin Katera, Guavay Co Ltd, Production...
Contacts
East Africa Regional Hub (RDGE)
African Development Bank Group
Khushee Tower
Longonot Road, Upper Hill
Nairobi, Kenya
Phone: (254) 20 2712925/ (254) 20 2712926/ (254) 20 2712928
Fax: (254) 20 2712938
Mr. Gabriel Negatu, Director General
Tanzania Country Office
African Development Bank Group
Garden Avenue, 5th Floor, International House
P.O. Box 6024
Dar Es Salaam, Tanzania
Phone: (255) 22 2125281/2
Fax: (255) 22 2125283