TICGL Economic Dashboard | Tanzania Macroeconomic Indicators 2026/27
Live · Updated June 2026
Tanzania Economic Dashboard
TICGL's tracker of Tanzania's macroeconomic position — inflation, government finance, investment and sectoral output — re-anchored to the 2026/27 National Budget (Bajeti ya Serikali 2026/27) tabled before the National Assembly on 11 June 2026.
📍 Tanzania Mainland
🏛️ Source: BOT · NBS · MoF
🔄 Frequency: Monthly
📜 Anchor: Budget Speech FY2026/27
6.3%
GDP growth target 2026
TZS 62.33T
Total budget 2026/27
3.0–5.0%
Inflation target band
2.9%
Deficit / GDP target
Real GDP Growth 2025
5.9%
▲ Target for 2026: 6.3%
Headline Inflation (Jul'25–Apr'26 avg)
3.4%
Within 3.0–5.0% band
GDP (Nominal, 2025)
TZS 234.1T
≈ USD 91.8 billion
FX Reserves (Apr 2026)
USD 5.72B
4.4 months of imports
2026/27 Budget
TZS 62.33T
▲ from TZS 56.49T (2025/26)
Domestic Revenue Target 2026/27
17.1% of GDP
▲ from 16.5% (2025/26)
Inflation Trend
Headline vs target band, Jul 2025 – Apr 2026
Line
Real GDP Growth
Annual growth, 2021–2026 (NBS; 2026 = official target)
Bar
2026/27 Budget Frame vs 2025/26
Revenue, expenditure and financing (TZS Trillion)
Grouped Bar
Source Bank of Tanzania, National Bureau of Statistics, Budget Speech 2026/27 (11 June 2026)
6.3% in 2026, up from 5.9% in 2025 — driven by strategic investment and digital reform.
2026/27 TARGET
Inflation
To remain within the 3.0–5.0% medium-term band.
2026/27 TARGET
Domestic Revenue
17.1% of GDP, up from 16.5% estimated for 2025/26.
2026/27 TARGET
Tax Revenue
13.7% of GDP, up from 13.2% in 2025/26.
2026/27 TARGET
Budget Deficit
Not to exceed 3.0% of GDP.
2026/27 TARGET
FX Reserves
Maintain cover of at least 4 months of imports.
Source Hotuba ya Bajeti ya Serikali kwa Mwaka 2026/27, Wizara ya Fedha (11 June 2026), Jedwali Na. 1
Total Budget Frame 2026/27
TZS 62.33T
▲ from TZS 56.49T in 2025/26
Domestic Revenue (incl. grants)
TZS 46.79T
Of which tax: TZS 37.02T
Total Borrowing Plan 2026/27
TZS 15.54T
Domestic TZS 6.56T · External TZS 9.0T
Deficit / GDP
2.9%
Within 3.0% ceiling
Revenue Composition, 2026/27
TZS Trillion — tax, non-tax, grants & borrowing
Doughnut
Expenditure Categories, 2026/27
TZS Million — Jedwali Na. 1
Bar
Revenue Performance, 2025/26 (Jul'25–Apr'26)
Collections vs target, TZS Trillion
Grouped Bar
Jedwali Na. 1 — Budget Frame 2026/27 (Key Lines)
TZS Million, as tabled 11 June 2026
Table
Item
2026/27 (TZS Million)
A: Total Revenue (incl. grants)
46,791,299
— Tax Revenue
37,022,030
— Grants/Contributions
563,139
B: Total Expenditure
52,169,947
— Social Security Contributions
2,131,009
— External Interest Payments
2,829,241
— Subsidies to Investment Institutions
2,791,970
— Grants, Transfers & Other Costs
22,528,163
C: Non-Financial Asset Investment
2,328,661
D: Domestic Borrowing
3,272,349
Total Budget (A + D1 + E1)
62,334,193
Budget Deficit / GDP
2.9%
Source Bank of Tanzania, Ministry of Finance Debt Sustainability Analysis (November 2025); Budget Speech 2026/27
Total Government Debt (Mar 2026)
TZS 114.34T
Assessed sustainable medium/long term
Domestic Debt
TZS 38.45T
33.6% of total
External Debt
TZS 75.89T
66.4% of total
PV of Debt / GDP
39.6%
Within 55% ceiling
Debt Composition (Mar 2026)
Domestic vs external, TZS Trillion
Doughnut
Debt Sustainability Ratios vs Ceilings
Percent, Nov 2025 DSA
Bar
2026/27 Financing Plan
New borrowing TZS 15.54T & principal repayment TZS 7.84T
Stacked Bar
Source National Bureau of Statistics, Household Budget Survey (IHBS) 2025
Consumer Price Index
145.8
▲ 0.9 points
Food Basket Cost
TZS 385,000
▲ TZS 8,500
Transport Cost Index
152.3
▲ 1.2 points
Poverty Headcount
25.1%
▼ from 26.4% (2017/18)
CPI by Category
Index values
Bar
Food Basket Cost Trend
TZS thousands per month
Area
Urban vs Rural Cost of Living
Index by category
Grouped Bar
Source Tanzania Investment Centre (TIC); Budget Speech 2026/27 strategic projects
Total FDI (latest period)
USD 892M
▲ 15% m/m
Domestic Investment
USD 456M
▲ 8% m/m
New Projects Registered
99
▲ 8 projects
Energy Generation Target
+2,115 MW
New capacity additions
FDI vs Domestic Investment
Million USD, monthly
Stacked Bar
FDI Source Countries
Share of total FDI
Pie
Investment by Sector
Million USD
Horizontal Bar
Source NBS, Ministry of Agriculture, Tanzania Tourism Board, TANESCO
Agriculture Output Index
128.5
▲ 3.2%
Industrial Production
115.8
▲ 2.1%
Tourism Arrivals
145,230
▲ 18% m/m
Energy Generation
578 GWh
▲ 4.5%
Agriculture Output Trend
Index, monthly
Line
Industrial Output by Subsector
Index values
Bar
Tourism Arrivals & Earnings
Thousands of arrivals / USD million earnings
Combo
Energy Generation vs Consumption
GWh, monthly
Area
Source National Bureau of Statistics, Labour Force Survey
Jobs Created (latest quarter)
145,680
▲ 12% q/q
Unemployment Rate
3.8%
▼ 0.2pp
Youth Employment Rate
68.5%
▲ 1.5pp
Average Wage Growth
+4.2%
Above inflation
Jobs Created by Sector
Number of jobs
Horizontal Bar
Formal vs Informal Employment
Share of workforce
Pie
Wage Trends by Sector
TZS thousands / month
Multi-Line
TICGL Economic Outlook — Budget 2026/27
Anchored to the Government Budget Speech of 11 June 2026, Dira ya Taifa ya Maendeleo 2050 & FYDP IV
Macroeconomic Position
Tanzania's economy grew 5.9% in real terms in 2025, with nominal GDP reaching TZS 234.1 trillion (USD 91.8 billion). Inflation has averaged 3.4% over Jul'25–Apr'26, comfortably within the 3.0–5.0% target band, while private sector credit expanded 20.2%, supporting broader economic activity.
2026/27 Budget Priorities
The first budget under FYDP IV (2026/27–2030/31) carries the theme of building a resilient economy through digital transformation, strategic investment and sustainable fiscal policy. The TZS 62.33 trillion frame targets domestic revenue at 17.1% of GDP and caps the deficit at 2.9% of GDP — within the 3.0% ceiling.
Debt Sustainability
Total government debt reached TZS 114.34 trillion by March 2026 (33.6% domestic, 66.4% external). The November 2025 DSA confirms sustainability, with debt-to-GDP at 39.6% against a 55% ceiling and external debt-to-GDP at 24.4% against a 40% ceiling.
Revenue Strategy
Under the Medium-Term Revenue Strategy (2025/26–2027/28), government is widening the tax base, strengthening EFD compliance, deploying AI and big data for revenue administration, and rolling out a Patriotism Reward (Tuzo ya Uzalendo) lottery scheme from July 2026 to encourage receipt-seeking behaviour.
GDP Growth Scenarios, 2026/27
Against the official 6.3% target
Forecast
Risk Watch
Global commodity price volatility affecting transport & import costs
Want to contribute to Tanzania's economic research?
Become a TICGL Researcher and enjoy free publication of your articles, research papers and journals for a full year through our professional research and policy platforms. Join a community that promotes evidence-based research for Tanzania’s development.
The TICGL Economic Think Tank is a research-driven policy and strategic analysis hub dedicated to advancing sustainable development, inclusive growth, and economic transformation in Tanzania and the wider East African region.
“Join us to contribute to policy impact, thought leadership, and evidence-based decision-making.”
TICGL Researcher Membership Includes Direct Access to the Economic Think Tank
