The economy of Tanzania advanced by 4.3% year-on-year in the second quarter of 2021, following a 5% rise in the previous three-month period. source: National Bureau of Statistics (NBS) - Tanzania

GDP Annual Growth Rate in Tanzania averaged 6.53 percent from 2002 until 2021, 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 December of 2021.

GDP Annual Growth Rate in Tanzania is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Tanzania GDP Annual Growth Rate is projected to trend around 5.20 percent in 2022 and 6.30 percent in 2023, according to our econometric models.

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Tanzania GDP Annual Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
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%

Related Last Previous Unit Reference
GDP Growth Rate 1.50 1.60 percent Sep/10
GDP Annual Growth Rate 4.30 5.00 percent Jun/21
GDP From Public Administration 1398304.36 1387694.00 TZS million Jun/21
GDP From Mining 1543576.83 1473804.00 TZS Million Jun/21
GDP From Manufacturing 2585096.12 2537748.00 TZS Million Jun/21
GDP From Construction 5302015.07 4637527.00 TZS Million Jun/21
GDP From Agriculture 8556634.33 8674674.28 TZS Million Jun/21
Gdp Constant Prices 33354458.72 33270076.21 TZS Million Jun/21
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.