Tanzania GDP Annual Growth Rate

Tanzania's economy advanced 6.6 percent year-on-year in the first quarter of 2019, slowing from a 7.1 percent growth in the previous period, mainly due to smaller gains in construction (13.2 percent vs 17.3 percent in Q4), manufacturing (4.8 percent vs 16.7 percent) and trade & repair (3.8 percent vs 8.0 percent). Meanwhile, the mining sector, which has been the target of repeated government interventions, rose notably (10 percent vs 3.2 percent), boosted by the production of gold, coal and diamonds. GDP Annual Growth Rate in Tanzania averaged 6.66 percent from 2002 until 2019, reaching an all time high of 11.90 percent in the first quarter of 2007 and a record low of 2.60 percent in the third quarter of 2009.

GDP Annual Growth Rate in Tanzania is expected to be 6.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Tanzania to stand at 5.20 in 12 months time. In the long-term, the Tanzania GDP Annual Growth Rate is projected to trend around 4.80 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	TEForecast
2016-09-29	08:15 AM	GDP Growth Rate YoY Q2	7.9%	5.5%	5.2%
2017-01-02	01:20 PM	GDP Growth Rate YoY Q3	6.2%	7.9%	7.2%
2017-10-16	02:30 PM	GDP Growth Rate YoY Q2	7.8%	5.7%	7.1%
2018-02-01	01:30 PM	GDP Growth Rate YoY Q3	6.8%	7.8%	6.8%

Tanzania GDP	Last	Previous	Highest	Lowest	Unit
GDP Annual Growth Rate	6.60	7.10	11.90	2.60	percent	[+]
GDP	57.44	53.32	57.44	4.26	USD Billion	[+]
Gross Fixed Capital Formation	46636420.57	40376818.06	46636420.57	5401791.47	TZS Million	[+]
GDP per capita	957.10	937.30	957.10	476.50	USD	[+]
GDP per capita PPP	2809.07	2710.41	2809.07	1428.15	USD	[+]
Gdp Constant Prices	30019412.00	31522745.00	31522745.00	18378797.00	TZS Million	[+]
GDP From Agriculture	8182587.00	8718021.00	8718021.00	1496674.79	TZS Million	[+]
GDP From Construction	4193881.00	4377989.70	4377989.70	357544.20	TZS Million	[+]
GDP From Manufacturing	2280570.00	2647575.00	2647575.00	373896.38	TZS Million	[+]
GDP From Mining	1159804.00	1308537.00	1308537.00	197832.14	TZS Million	[+]
GDP From Public Administration	1307326.00	1279580.00	1307326.00	419166.00	TZS million	[+]

Services is the biggest sector of Tanzania's economy and accounts for 40 percent of GDP, namely wholesale and retail trade (12 percent); public administration and defense (6 percent) and transport and storage (5 percent). The primary sector accounts for 30 percent of GDP, mainly due to crops production (18 percent). The industrial sector represents 28 percent of total wealth, namely manufacturing (6 percent) and mining and quarrying (5 percent) including natural gas, gold, diamonds, coal, iron ore, uranium, nickel, chrome, tin, platinum, coltan and niobium. This page provides - Tanzania GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Tanzania GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	6.60	7.10	11.90	2.60	2002 - 2019	percent	Quarterly	2015=100, NSA

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Country	Last		Previous	Range
China	6.20	Jun/19	6.4	15.4 : 3.8	%
Indonesia	5.05	Jun/19	5.07	7.16 : 1.56	%
India	5.00	Jun/19	5.8	11.4 : -5.2	%
United States	2.30	Jun/19	2.7	13.4 : -3.9	%
Spain	2.10	Jun/19	2.1	5.4 : -4.3	%
Netherlands	2.00	Jun/19	1.7	6.1 : -4.6	%
South Korea	2.00	Jun/19	1.7	20.8 : -7.3	%
Saudi Arabia	1.70	Mar/19	3.6	24.2 : -20.7	%
Canada	1.60	Jun/19	1.4	9.3 : -4.1	%
Australia	1.40	Jun/19	1.7	9 : -3.4	%
France	1.40	Jun/19	1.3	12.6 : -3.8	%
Euro Area	1.20	Jun/19	1.3	5 : -5.5	%
United Kingdom	1.20	Jun/19	1.8	9.7 : -6.1	%
Brazil	1.00	Jun/19	0.5	10.1 : -5.5	%
Japan	1.00	Jun/19	1	9.4 : -8.8	%
Russia	0.90	Jun/19	0.5	12.1 : -11.2	%
South Africa	0.90	Jun/19	0	7.1 : -2.6	%
Argentina	0.60	Jun/19	-5.8	16.2 : -16.3	%
Germany	0.40	Jun/19	0.9	7.2 : -6.9	%
Switzerland	0.20	Jun/19	1	5.8 : -3.7	%
Singapore	0.10	Jun/19	1.1	18.6 : -7.7	%
Italy	-0.10	Jun/19	-0.1	10.3 : -7.2	%
Mexico	-0.80	Jun/19	1.2	9 : -9.1	%
Turkey	-1.50	Jun/19	-2.4	11.7 : -14.4	%