{"id":110947,"date":"2024-05-23T19:55:13","date_gmt":"2024-05-23T19:55:13","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/all-news\/zbar-current-account-grows-12pc-in-march"},"modified":"2024-05-23T22:18:18","modified_gmt":"2024-05-23T22:18:18","slug":"zbar-current-account-grows-12pc-in-march","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/zbar-current-account-grows-12pc-in-march","title":{"rendered":"Z\u2019bar current account grows 12pc in March"},"content":{"rendered":"

Africa-Press – Tanzania. <\/strong><\/span>ZANZIBAR:<\/b> ZANZIBAR\u2019S current account surplus has grown by 12.4 per cent for the year ending March thanks to largely increased exports of goods and services.<\/p>\n

The Bank of Tanzania\u2019s latest Monthly Economic Review showed that the isles\u2019 current account surplus grew to 441.4 million US dollars for the year ending March from a surplus of 392.7 million US dollars in a similar period last year.<\/p>\n

\u201cThis development was largely associated with increased exports of goods and services,\u201d the report said.<\/p>\n

Exports of goods and services reached 1.023 billion US dollars at the end of March, up from 968.0 million US dollars last March.<\/p>\n

Services receipt, in particular tourism, rose by 6.1 per cent to 958.0 million US dollars following an increase in tourist arrivals.<\/p>\n

On the other hand, cloves export in value terms declined by 33.8 per cent to 28.4 million US dollars from the corresponding last year, due to the cyclical nature of the crop. On a month-to-month basis, export of goods and services rose to 103.7 million US dollars compared to 68.2 million US dollars in a similar period last year, largely due to an increase in tourism earnings.<\/p>\n

ALSO READ: Z\u2019bar current account deficit widens<\/p>\n

Additionally, import of goods and services rose to 594.9 million US dollars from 582.8 million in the year ending last March.<\/p>\n

\u201cThe increase was notable in capital goods,\u201d the monthly economic review report showed. Capital goods increased to 72.4 million US dollars from 44.8 million US dollars.<\/p>\n

\u201c[Capital goods increase] is largely associated with the ongoing infrastructure projects,\u201d BoT said in the report.<\/p>\n

Also, intermediate goods import declined by 5.2 per cent to 367.4 million US dollars, mainly due to a decrease in imports of industrial supplies, fuel and lubricants.<\/p>\n

Consumer goods imports decreased by 0.3 per cent to 57.5 million US dollars, with the decline notable in food and beverages and non-industrial transport equipment. On a month-to-month basis, imports of goods\u2014freight on board\u2014(FoB) and services amounted to 35.6 million US dollars compared to 53.9 million US dollars last March.<\/p>\n

For More News And Analysis About Tanzania<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. ZANZIBAR: ZANZIBAR\u2019S current account surplus has grown by 12.4 per cent for the year ending March thanks to largely increased exports of goods and services. The Bank of Tanzania\u2019s latest Monthly Economic Review showed that the isles\u2019 current account surplus grew to 441.4 million US dollars for the year ending March from […]<\/p>\n","protected":false},"author":84,"featured_media":110945,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6990,6991,711],"class_list":["post-110947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press-2","tag-africa-press-tanzania","tag-tanzania"],"yoast_head":"\nZ\u2019bar current account grows 12pc in March - Tanzania<\/title>\n<meta name=\"description\" content=\"ZANZIBAR: ZANZIBAR\u2019S current account surplus has grown by 12.4 per cent for the year ending March thanks to large ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/zbar-current-account-grows-12pc-in-march\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Z\u2019bar current account grows 12pc in March\" \/>\n<meta property=\"og:description\" content=\"ZANZIBAR: ZANZIBAR\u2019S current account surplus has grown by 12.4 per cent for the year ending March thanks to large ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/zbar-current-account-grows-12pc-in-march\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-23T19:55:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-23T22:18:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/05\/sm_1716486345.785004.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"417\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/zbar-current-account-grows-12pc-in-march#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/zbar-current-account-grows-12pc-in-march\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Z\u2019bar current account grows 12pc in March\",\"datePublished\":\"2024-05-23T19:55:13+00:00\",\"dateModified\":\"2024-05-23T22:18:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/zbar-current-account-grows-12pc-in-march\"},\"wordCount\":342,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/zbar-current-account-grows-12pc-in-march#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/05\/sm_1716486345.785004.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"tanzania\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/zbar-current-account-grows-12pc-in-march#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/zbar-current-account-grows-12pc-in-march\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/zbar-current-account-grows-12pc-in-march\",\"name\":\"Z\u2019bar current account grows 12pc in March - 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