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United Republic of Tanzania
Real GDP grew 5.3% in 2023, up from 4.7% in 2022, driven by agriculture, construction, and manufacturing on the supply side and private investments on the demand side. Tight monetary policy, together with moderation in food and energy prices, helped reduce inflation from 4.3% in 2022 to 3.8% in 2023. The Tanzanian shilling depreciated by 8% in 2023, reflecting shortages of foreign exchange.
Key Facts
Flag:
Capital:
Dodoma
Population 2023:
65.5 million
Date of membership:
10 September 1964
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Bank intervention strategy
- Priority area 1 – Sustainable infrastructure for a competitive economy
- Priority area 2 - Improved private sector business environment for job creation.
Under Priority area 1, the Bank Group support: (i) development of quality multi-modal transport infrastructure including roads, water transport, railways, and airports; (ii) development of generation, transmission and distribution infrastructure for clean power; and (iii) development of water and sanitation infrastructure.
