ZANZIBAR, Nov. 25 -- ZANZIBARS current account surplus expanded by 34.7 per cent in the year to September, driven primarily by a strong increase in service receipts as tourism-related activities continued to rebound and outperform other external-sector components.
The latest Bank of Tanzania (BoT) Monthly Economic Review shows that the current account surplus has increased to 836.6 million US dollars, up from 621.2 million US dollars recorded during the corresponding period last year.
During the period under review, tourist arrivals increased by 28.2 per cent, reaching 885,385 visitors in the year ending September. This notable growth reflects a continued recovery of the tourism sector and strengthened international travel demand.
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