Macroeconomic Forecast Tanzania

July 2008 | Macroeconomic Forecasts

We see the value of imports rising over 2008 to US$5.7bn from US$4.86 in 2007, as high investment increases demand for machinery amid high oil prices. At the same time, strong metal prices over H108 for Tanzania's growing mining exports should help keep the trade deficit steady at US$2.8bn. With service receipts expected to increase, we see the current account deficit shrinking to US$1.9bn (9.2% of GDP) in 2008 from US$2.1bn (12.2% of GDP) in 2007.

If you would like to subscribe to East and Central Africa Monitor and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to East and Central Africa Monitor please click on the trial link below.