Only 550,000 of Tanzania’s 26 million jobs offer decent pay, a written contract, social security, and stable employment, with just 120,000 in the formal private sector, according to the latest World Bank Tanzania Economic Update, despite real GDP growth of 5.9% in 2025 and a projected 6.1% in 2026. The report finds that the top 10% of frontier firms generate 97% of market sales but only 18% of employment, while 1.6 million young people enter the workforce each year and about 95% of employment remains informal.
The TEU is a biannual report analyzing recent economic developments. The latest report examines how Tanzania can translate sustained economic growth into productive, better-paying, and more secure jobs.
Read more at: https://www.tanzaniainvest.com/economy/world-bank-economic-update-2026
