October 20, 2020


Your Money Solutions


Tanzania Attains Middle Income Economy Status 5 Years Ahead Of Time

The World Bank has announced the GNI per capita income rates for 2018 and Tanzania has emerged out shining like never before.

According to the rates, Tanzania has attaines a Gross National Income of USD1,020.

According to the World Bank 2018 classification, countries with a GNI per capita between USD1,006 and USD3,955 are classified as middle income countries.

This means that Tanzania has now entered the bracket and can now be classified as middle income economies.

Tanzania had projected to become a middle income economy by 2025. This achievement means that Tanzania has achieved their goal 5 years early.

This comes as a surprise as Tanzania has been working quietly and no one expected sich growth in such a short time.

Tanzania now joins Kenya and South Sudan as the Three East African Community Member States that have attained a middle income status.

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Tanzania President John Pombe Magufuli