In September 2024, Tanzania’s national debt reached USD 45.05 billion, with 73% held in external debt, underscoring the country’s reliance on foreign financing for development. This external debt, totaling USD...
In August 2024, Tanzania's government achieved 98.8% of its revenue target, collecting TZS 2,539.3 billion from tax and non-tax sources, showcasing effective fiscal management and collection efficiency. Major tax categories...
The Tanzania Shilling has faced a steady depreciation, recording a 10.1% decline year-on-year as of September 2024, with the average exchange rate reaching TZS 2,727 per USD. This shift reflects...
In the fiscal year 2023/24, Tanzania successfully maintained its inflation rate within the national medium-term target of 3-5%, averaging 3.1%, a decrease from 4.6% in the previous year. However, regional...
Revenue collections for the fiscal year 2023/24 In the fiscal year 2023/24, Tanzania's Local Government Authorities (LGAs) achieved a remarkable revenue collection of TZS 1,132.1 billion, reaching 94.8% of their...
Tanzania's sectoral performance for the 2023/24 fiscal year reveals a mixed economic landscape with notable growth across various industries. The agricultural sector exhibited resilience, with food production increasing to 22.8...
Activities across zones In the fiscal year 2023/24, Tanzania's trade landscape, particularly in cross-border activities, displayed notable shifts across various regions. The overall trade surplus with neighboring countries decreased by...
Across different zones and GDP per capita Tanzania's economic landscape in 2023 showcased robust growth, with the national GDP reaching TZS 188,788.1 billion, a significant increase from TZS 170,820 billion...
Business Environment and Economic Growth Tanzania’s tax reforms and policy adjustments have significantly shaped the business landscape and economic trajectory. These reforms have enhanced revenue collection while identifying policy areas...
Tanzania's labor market is undergoing a transformation as the country strives to shift more of its workforce into formal employment. As of 2023, Tanzania's workforce stands at approximately 36 million...
