Tanzanians went to the polls on October 28th for presidential and parliamentary elections, amid growing violence in its semi-autonomous Zanzibar archipelago and concerns over the negative impact of COVID-19 on the economy. President John Magufuli is widely expected to win over his rival, Tundu Lissu, and secure another five-year term as he pledged to continue major infrastructure works, including an expansion of Tanzania’s road and rail networks. However, there has been criticism from rights groups that the government harasses NGOs and abuses the power of the justice system. Tanzania expanded by an average 7% over the last four years and the government's projections point to economic growth of 5.5% in 2020 despite the coronavirus crisis. The World Bank sees growth of only 2.5%. source: National Bureau of Statistics (NBS) - Tanzania
GDP Annual Growth Rate in Tanzania averaged 6.66 percent from 2002 until 2020, 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. This page provides - Tanzania GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Tanzania GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
GDP Annual Growth Rate in Tanzania is expected to be 2.30 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 4.00 in 12 months time. In the long-term, the Tanzania GDP Annual Growth Rate is projected to trend around 4.00 percent in 2021 and 6.00 percent in 2022, according to our econometric models.