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Impact of COVID-19 on projected GDP growth in Tanzania 2020-2021

The coronavirus (COVID-19) pandemic is expected to slow down the economy growth in Tanzania. In a baseline scenario, where the outbreak is controlled by the third quarter of 2020, the Gross Domestic Product is estimated to increase at 3.6 percent. Previously, the GDP growth forecast for 2020 was 6.8 percent. Assuming the pandemic persists to the end of 2020, the growth projection is limited to 2.6 percent. As of April 29, 2020, the last day official data on coronavirus was released in Tanzania, there were 509 cases and 21 deaths in the country.

The effects of COVID-19 to the Tanzanian economy is expected to reach primarily travel and tourism sector, commodity prices, trade and foreign direct investment. Even though, the country may register the highest economic growth rate in East Africa in 2020.

Impact of coronavirus (COVID-19) on projected GDP growth in Tanzania in 2020 and 2021

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Source

Release date

June 2020

Region

Tanzania

Survey time period

June 2020

Special properties

real GDP growth at market prices

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