Tanzania Vision 2050 outlines an ambitious roadmap to propel the nation into a high-income economy by 2050, anchored on transformative sectors such as industry, agriculture, energy, infrastructure, ICT, and human...
Tanzania has successfully sustained inflation below the medium-term target of 5%, reflecting strong economic policies and favorable supply conditions. Headline inflation eased to 3.0% in October 2024, supported by declining...
Tanzania has experienced impressive growth in its local government revenue collections over the past decade, with a 769% increase from TZS 11.6 billion in 2010 to a peak of TZS...
From 2000 to 2024, Tanzania’s interest payments on national debt have surged dramatically, reflecting the country's growing reliance on external borrowing to fund large-scale development projects. In 2000, interest payments...
Over the past 24 years, Tanzania’s public sector workforce has undergone substantial growth, evolving through various phases of expansion, stabilization, and maturation. Starting with 23,601 employees in 2000, the workforce...
In September 2024, Zanzibar's economy showed notable progress, driven by growth in trade, financial services, and construction, highlighting a shift toward greater sectoral diversity beyond traditional tourism. Revenue collection reached...
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...
