Tanzania

Tanzania Economic Outlook

Economic growth has slowed since the last quarter of 2016, following real GDP growth of at least 7% between 2013 and 2016. Growth in the first two quarters of 2017 averaged 6.8% and was estimated at 6.5% for the full year. Construction, mining, transport, and communications were key growth drivers in 2017. Growth is projected to remain robust at 6.7% in 2018 and 6.9% in 2019, representing one of the best performances in East Africa. A tightening trade deficit, with a drop in imports outweighing a decline in exports, is likely to support growth. Public investment, particularly with ongoing implementation of larger infrastructure projects, is expected to boost growth in 2017 and beyond. However, uncertainty in the business environment, combined with stalling private-sector credit growth, could hinder private-sector investment.

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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

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Contacts

East Africa Regional Resource Center (EARC)

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, RRC Director

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