The Gross Domestic Product (GDP) in Tanzania expanded 1.50 percent in the third quarter of 2010 over the previous quarter.

GDP Growth Rate in Tanzania averaged 1.78 percent from 2001 until 2010, reaching an all time high of 12.40 percent in the first quarter of 2006 and a record low of -14.00 percent in the second quarter of 2006. This page provides - Tanzania GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Tanzania GDP Growth Rate - values, historical data and charts - was last updated on August of 2020.

GDP Growth Rate in Tanzania is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Tanzania to stand at 1.80 in 12 months time. In the long-term, the Tanzania GDP Growth Rate is projected to trend around 1.80 percent in 2021, according to our econometric models.

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Tanzania GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.60 12.40 -14.00 2001 - 2010 percent Quarterly

Tanzania GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 5.70 6.20 11.90 2.60 percent [+]
GDP 63.18 58.00 63.18 4.26 USD Billion [+]
Gross Fixed Capital Formation 53873143.29 46636420.57 53873143.29 5401791.47 TZS Million [+]
GDP per capita 985.50 959.40 985.50 476.50 USD [+]
GDP per capita PPP 2660.40 2590.00 2660.40 1286.50 USD [+]
Gdp Constant Prices 31635470.31 33505246.07 33505246.07 16431376.12 TZS Million [+]
GDP From Agriculture 8466095.78 9140783.41 9140783.41 1496674.79 TZS Million [+]
GDP From Construction 4537331.19 4858851.35 4858851.35 357544.20 TZS Million [+]
GDP From Manufacturing 2387805.16 2770920.61 2770920.61 373896.38 TZS Million [+]
GDP From Mining 1337823.47 1589404.87 1589404.87 197832.14 TZS Million [+]
GDP From Public Administration 1373070.56 1336792.03 1373070.56 419166.00 TZS million [+]

Tanzania GDP 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.