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.

Tanzania GDP Annual Growth Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus 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 [+]


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. 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




Country Last Previous
China 6.20 Jun/19
Indonesia 5.05 Jun/19
India 5.00 Jun/19
United States 2.30 Jun/19
Spain 2.10 Jun/19
Netherlands 2.00 Jun/19
South Korea 2.00 Jun/19
Saudi Arabia 1.70 Mar/19
Canada 1.60 Jun/19
Australia 1.40 Jun/19
France 1.40 Jun/19
Euro Area 1.20 Jun/19
United Kingdom 1.20 Jun/19
Brazil 1.00 Jun/19
Japan 1.00 Jun/19
Russia 0.90 Jun/19
South Africa 0.90 Jun/19
Argentina 0.60 Jun/19
Germany 0.40 Jun/19
Switzerland 0.20 Jun/19
Singapore 0.10 Jun/19
Italy -0.10 Jun/19
Mexico -0.80 Jun/19
Turkey -1.50 Jun/19


Related

Latest