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.