Current account balance as a share of GDP reached -5.53 % in 2019 in Tanzania, according to the National Statistical Office. This is 28.8 % more than in the previous year.
Historically, current account balance as a share of GDP in Tanzania reached an all time high of -0.003 % in 2002 and an all time low of -6.27 % in 1980. When compared to Tanzania's main peers, current account balance as a share of GDP in Kenya amounted to -5.26 %, -44.8 % in Mozambique, -8.90 % in Uganda and -3.42 % in Zambia in 2019.
Tanzania has been ranked 120th within the group of 172 countries we follow in terms of current account balance as a share of GDP, 5 places behind the position seen 10 years ago.
The current account is one of the two primary components of the balance of payments, the other being the capital account.