Tanzania's Average Economic Growth Rate of 6.1% Over Two Decades
Vyanzo: dailynews.co.tz, thecitizen.co.tz
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An average economic growth rate of 6.1 per cent over the past two decades reflects the stability of the investment environment.
dailynews.co.tz ↗Tanzania has retained its B+ credit rating with a stable outlook, signalling an economy that is growing steadily with manageable debt levels
thecitizen.co.tz ↗According to Fitch projections, Tanzania’s economy is expected to grow by around six percent in 2026 and 2027, outperforming many countries within the same rating category.
dailynews.co.tz ↗Fitch Ratings on Friday affirmed Tanzania's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at 'B+' with a stable outlook.
With a Global Peace Index score of 1.987 in 2023, it remains among the more stable countries in Africa.
In 2022, Tanzania attracted more than 1.1 billion US dollars in foreign direct investment, according to UNCTAD.
This stability has helped support economic activity, with growth averaging 4.7 per cent in 2022.