Market insights – around the globe

Our team of economists has worked closely with our local experts to analyse an expansive cost dataset to provide insight into how the construction industry is performing. Use the filter below to access the full data breakdown for the individual market of your choice.

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Tanzania - Dar es salaam

1Economic outlook

The Tanzanian economy is growing well, expanding by 7.2 percent in 2016, and is now the second largest economy in East Africa after Kenya. The country has made great improvements in economic and structural reforms helping to ensure stable growth.

2Markets and trends

Construction is strong, but poor access to finance and inadequate infrastructure remain a challenge. China is providing assistance with investments in the Tanzania-Zambia railway and the USD10bn Bagamoyo Port. Both of these will add considerably to the flow of goods into the economy.

The movement of goods and services via a modern rail link from the inland countries to Dar es Salaam will help boost economic growth. The country has also recently found vast deposits of natural gas, providing further opportunities for expansion.

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3Future outlook

Tourism remains the biggest foreign currency earner for Tanzania, but 70 percent of the economy is made up of agricultural output.

Population is estimated to be 50 million and growing at a rate of 3 percent, but with slow increases in real average wealth.

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For further information, contact:

Steve McGuckin
Managing Director, real estate

t: +44 (0)207 544 4000
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