Dar es Salaam. The tourism industry rebounded last year as tourist arrivals increased by 24.3 percent to reach a record high of 1.8 million visitors, the Bank of Tanzania said.
tourism is the country’s top foreign exchange earner, generating $3.37 billion in revenue in 2023, followed by gold, whose exports increased by seven percent to $3 billion, and transportation, whose receipts increased by almost 30 percent to $2.4 billion.
Traditional exports, which are largely made up of agricultural produce such as coffee, tea, and sisal, increased by 24 percent to $953.3 million, the central bank’s monthly economic review for January 2024 shows.
The rise of these three economic activities significantly contributed to the rise of exports.
According to the central bank report, the export of goods and services exhibited a rising trend throughout 2023, increasing by 16.6 percent to $13.98 billion in the year ending December 2023 from the level…
tourism-hits-record-1-8-million-visitors-as-gold-exports-soar-4535882″ target=”_blank”>Read further.