Abstract:
Tanzania, having attained a gross national income per capita equivalent to $1,080 graduated
from a low-income country to a lower-middle income country, which had a threshold of $1,036 in
year 2020. The lower-middle income status is an important milestone for Tanzania and Tanzanians
have all the reasons to celebrate, partly because research shows that countries may take many
years to move from one category to the other, but having attained the (lower) middle-income
country status level, well before year 2025 as envisioned in the Tanzania Development Vision 2025.
This paper looks at the trends in some of key macroeconomic data related to this development and
draws implications for future economic growth strategies to sustain this achievement and the drive
the country towards an upper-middle income country status.
