Expert Insights: Your Compass for Tanzania's Economic Landscape
Uncover expert analyses on Tanzania's economy and the East African business landscape through our Insights section. Stay informed and gain the crucial information you need to make strategic decisions in Tanzania's vibrant market.
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...
Tanzania has witnessed remarkable growth in tax revenues from 1996/97 to 2023/24, with total revenue increasing significantly across all major tax categories. For instance, Pay As You Earn (P.A.Y.E.) surged...
The fiscal year 2023/24 marked significant growth in Tanzania's financial sector, with bank deposits increasing by 17.7% to TZS 35,544.2 billion, largely due to enhanced public confidence and innovative financial...
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...
In the fiscal year 2023/24, Tanzania's tax revenue performance was notably strong, reaching TZS 27,138.4 billion, or 97.5% of the budgeted target, largely due to enhanced use of electronic fiscal...
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...
"1996–2024: Tanzania’s Tax Revenue Surge Reflects Decades of Economic Growth and Improved Compliance" Over the past 27 years, Tanzania’s tax revenue has experienced significant growth, reflecting economic expansion and improvements...
The top five regions in Tanzania for high revenues from direct taxes, indirect taxes, and customs duties. Rank Region Direct Tax Revenue (TZS) Indirect Tax Revenue (TZS) Customs Revenue (TZS)...
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...
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