The third phase government under President Benjamin Mkapa vigorously sustained economic reforms that were first introduced in Tanzania the mid-1980s. The resulting macroeconomic achievements of recent years have been impressive, especially since the second half of the last decade. In 2004, GDP growth reached 6.7%, the average inflation rate declined from 27% in 1995 to 4%, domestic revenue collection increased threefold between 1995 and 2004, and the value of exports increased by 18% in 2004 alone. Furthermore, the balance of payments has improved to the extent that currently, Tanzania has foreign exchange reserves sufficient to cover 7 months imports of goods and services.
Related Articles
Tanzania SDG Scorecard 2021
Survey findings provide citizens’ perspectives that can be compared to official UN indicators tracking progress on 12 of the 17 Sustainable Development Goals.
Citizens’ perceptions of the state of the economy and their livelihoods
At a glance Direction of the country: A majority of Tanzanians believe the country is going in the right direction and the government is handling the economy well. Country’s economic situation: The share of Tanzanians who say the country’s economic situation has improved has almost doubled. But only one in three describe their personal living […]
Towards enhanced competitiveness and export diversification of the seaweed industry along the Zanzibar-Pemba Export Corridor
This policy brief examines recent developments in seaweed value chains, particularly the constraints undermining and opportunities for enhancing the competitiveness of the seaweed sub-sector along the Zanzibar-Pemba corridor. The policy brief proffers recommendations and measures to resolve the constraints and improve the competitiveness of the seaweed sub-sector as well as diversify its export base to […]
Can Tanzania’s news media maintain popular support for watchdog role?
In successive Afrobarometer survey rounds, more than seven of 10 Tanzanians have said they feel free to say what they think, placing Tanzania near the top among African countries in perceived freedom of speech. The Tanzanian news media environment, however, is only partly free, according to Freedom House assessments, and recent years have witnessed extensive […]