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Tanzania

Tanzania Economic Outlook

Real GDP growth was estimated at 6.8% in 2019, down slightly from 7% in 2018. A markedly diversified economy, characterized by robust private consumption, substantial public spending, strong investment growth, and an upturn in exports underpinned the positive outlook. Tourism, mining, services, construction, agriculture, and manufacturing are notable sectors. Growth is projected to be broadly stable at 6.4% in 2020 and 6.6% in 2021, subject to favorable weather, prudent fiscal management, mitigation of financial sector vulnerabilities, and implementation of reforms to improve the business environment.

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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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Resources



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