Tanzania's economy has demonstrated remarkable resilience and growth, particularly in recent years. In 2023, the country's economy grew by 5.2%, driven largely by the services sector, which expanded by 7.3%. Financial and insurance services, transport, storage, and trade were significant contributors to this growth. The agriculture sector, despite environmental challenges, also saw a growth of 3.4%.

Inflation has remained moderate, with the Consumer Price Index (CPI) inflation decreasing from 4.9% in January 2023 to 3.0% in January 2024. This stability is attributed to eased global commodity prices, fiscal subsidies, and tight monetary policies. The Bank of Tanzania has adopted an interest-rate-targeting regime to further strengthen inflation controls.

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