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.

Tanzania

Current Account -480
Balance on goods -674
Balance on services -56
Balance on income -80
Current transfers 329
Capital Account 332
Financial Account -124
Direct investment abroad
Direct investment in Tanzania 194
Portfolio investment assets
Portfolio investment liabilities
Other investment assets 10
Other investment liabilities -328
Net Errors and Omissions 138
Reserves and Related Items 135
Also read article about Tanzania from Wikipedia

User Contributions:

1
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May 2, 2011 @ 5:05 am
we have to increase the effort so that we may create favourable balance of payment, because up to this time we are experiance a very bad situation, let us cooperate togather to overcome the problem through implementation of different techniques inteady of waiting for suggestions from whites! all the bests
2
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Jun 5, 2011 @ 5:05 am
If we use the resources that we have we may steer up to positive results,build a patriotic behavior in implementing the strategies we outlay we may go to another step of desirable results. we have number of educated people which can be human resources to consider and deploy such resources to different level of the structures that may foster country economy to better position, politics can be considered but politics without patriotism we are dead country. Kilimo kwanza should be taken into account so that to come out from that bad situation we are facing since 1970s. viongozi wawe watekelezaji
3
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Dec 21, 2011 @ 7:07 am
Figure have to be provided in percentages togather with key graphs
4
freedom
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Jan 9, 2018 @ 6:06 am
what are the measured to be taken to reduce importation in east africa especially in tanzania

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