Tanzania: Recent Economic Developments
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Summary:
This paper reviews economic developments in Tanzania during 1996–98. Both traditional and nontraditional exports increased sharply in 1995/96 and 1996/97 as agricultural and manufacturing production responded to the reforms; however, exports fell again in 1997/98, owing initially to drought and subsequently the floods associated with the El Nino phenomenon. The external position strengthened during the last two years as the deficit on the current account of the balance of payments (excluding transfers) declined and international reserves rebounded to the equivalent of three months of imports of goods and nonfactor services.
Series:
Country Report No. 1999/024
Subject:
Banking Exports Foreign exchange Imports International trade Revenue administration Tariffs Taxes
English
Publication Date:
April 21, 1999
ISBN/ISSN:
9781451838282/1934-7685
Stock No:
1TZAEA0011999
Pages:
88
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