Tanzania

Balance of payments

Tanzania typically runs a current account deficit, although long term capital investment from abroad resulted in surpluses for several years during the 1970s. Agricultural marketing reforms and flexible exchange policies are expected to provide export growth in upcoming years, as exports move from the underground to the official market.

The US Central Intelligence Agency (CIA) reports that in 2001 the purchasing power parity of Tanzania's exports was $827 million while imports totaled $1.55 billion resulting in a trade deficit of $723 million.

The International Monetary Fund (IMF) reports that in 2000 Tanzania had exports of goods totaling $666 million and imports totaling $1.34 billion. The services credit totaled $615 million and debit $670 million. The following table summarizes Tanzania's balance of payments as reported by the IMF for 2000 in millions of US dollars.

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