The gross domestic product of Tanzania advanced 6.8 percent from a year earlier in the third quarter of 2019 compared to a 7.2 percent growth in the previous period. Output expanded at a softer pace in mining & quarrying (10.6 percent vs 17.2 percent in Q2); electricity supply (3.2 percent vs 7 percent); construction (11.2 percent vs 19.6 percent); public administration (3.5 percent vs 4.7 percent) and education (4.6 percent vs 5.8 percent). In contrast, faster rises were recorded in information & communication (11.7 percent vs 10.3 percent); transport & storage (8.3 percent vs 7 percent); trade & repair (6.7 percent vs 5.5 percent); finance & insurance (4.6 percent vs 4.1 percent); professional, scientific & technical activities (7.7 percent vs 6.8 percent); manufacturing (5.5 percent vs 5.2 percent) and agriculture (4.4 percent vs 4 percent).

GDP Annual Growth Rate in Tanzania averaged 6.67 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. This page provides - Tanzania GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Annual Growth Rate in Tanzania is expected to be 6.40 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 4.50 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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Tanzania GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.80 7.20 11.90 2.60 2002 - 2019 percent Quarterly
2015=100, NSA

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

Tanzania GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 6.80 7.20 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 3227.03 3090.49 3227.03 1002.93 USD [+]
Gdp Constant Prices 28640136.00 30694320.13 31522744.96 18378797.00 TZS Million [+]
GDP From Agriculture 5573086.00 8033694.74 8718020.88 1496674.79 TZS Million [+]
GDP From Construction 4052741.00 4568829.00 4568829.00 357544.20 TZS Million [+]
GDP From Manufacturing 2671779.00 2384031.00 2671779.00 373896.38 TZS Million [+]
GDP From Mining 1290552.00 1323862.00 1323862.00 197832.14 TZS Million [+]
GDP From Public Administration 1317178.00 1290802.00 1317178.00 419166.00 TZS million [+]