Tanzania's GDP grew by 4.9 percent in 2021, up slightly from 4.8 percent in 2020. Monetary policy remained tight, stabilizing inflation at 3.3 percent in 2020 and 3.7 percent in 2021. The Tanzanian shilling remained stable in 2020-2021, depreciating by only 0.2 percent against the USD. The current account deficit widened from 1.5 percent of GDP in 2020 to 3.12 percent in 2021. Foreign exchange reserves increased to 6.6 months of import cover in 2021 from 5.6 months in 2020. (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)
The Dar Es Salaam Stock Exchange (DSE) has 28 listed companies, representing a market capitalization of $6.6 billion at the end of 2022. Foreign direct investment flows to Tanzania are expected to reach $922 million, up from $685 million in 2020, an increase of 35%.
