Current Account Deficit Widens 7.0% to USD 2,303.9 Million in Year Ending June 2026
Latest Tanzania economy news · Current Account Deficit Widens 7.0% to USD 2,303.9 Mill… explained · 2026 updates · updated Aug 21, 2026 · economy news · GDP · investment
TLDR
- The current account deficit widened 7.0% to USD 2,303.9 million in the year ending June 2026, compared to USD 2,153.4 million a year earlier.
- Exports of goods and services grew 17.2% to USD 19,923.6 million, driven by strong earnings from gold, manufactured goods, and tourism.
- Headline inflation eased to 4.0% in June 2026, remaining within the national target range of 3 to 5%.
- Credit to the private sector expanded 28.1%, with trade lending increasing by 59.5%.
- Foreign exchange reserves stood at USD 5,673.5 million, covering 4.4 months of projected imports.