Current Account Balance in Tanzania
The current account balance averaged -5.2% of GDP in the decade to 2022 in Tanzania, above the Sub-Saharan Africa average of -2.5% of GDP. The 2022 reading was -7.4% of GDP. For more current account information, visit our dedicated page.
Tanzania Current Account Chart
Note: This chart displays Current Account (% of GDP) for Tanzania from 2013 to 2023.
Source: Macrobond.
Tanzania Current Account Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Current Account Balance (% of GDP) | -2.3 | -2.3 | -3.5 | -7.5 | -3.8 |
| Current Account Balance (USD bn) | -1.3 | -1.5 | -2.4 | -5.5 | -3.0 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Tanzanian current account projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable current account forecast available for Tanzanian current account.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Tanzanian current account projections.
Want to get access to the full dataset of Tanzanian current account forecasts? Send an email to info@focus-economics.com.