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.

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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 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

Mr. Alex Mubiru, Country Manager

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