Real GDP growth was estimated at 6.8% in 2019, down slightly from 7% in 2018. A markedly diversified economy, characterized by robust private consumption, substantial public spending, strong investment growth, and an upturn in exports underpinned the positive outlook. Tourism, mining, services, construction, agriculture, and manufacturing are notable sectors. Growth is projected to be broadly stable at 6.4% in 2020 and 6.6% in 2021, subject to favorable weather, prudent fiscal management, mitigation of financial sector vulnerabilities, and implementation of reforms to improve the business environment.
At the end of 2016, the banking sector of Tanzania represented a total asset of $7.9 billion.
Credit distributed to businesses represents $3.5 billion and, more broadly, credit to private sector totaling $6.7 billion.
Dar Es Salaam Stock Exchange accounted 26 listed companies, representing, at the end of 2017, a market capitalization of $9 billion.