Tanzania GDP Annual Growth Rate

Tanzania's gross domestic product advanced 6.8 percent year-on-year in the third quarter of 2017, slowing from a 8.5 percent growth in previous period. Output rose less for agriculture (3.6 percent compared to 3.7 percent in Q2) and transport and storage (13.0 percent compared to 19.8 percent). Meanwhile, output increased faster for construction (11.1 percent compared to 8.8 percent); manufacturing (12.4 percent compared to 9.3 percent); mining and quarrying (20.8 percent compared to 18.0 percent); trade and repair (5.9 percent compared to 5.4 percent); water supply (19.1 percent compared to 7.0 percent) and information and communication (13.4 percent compared 12.3 percent). GDP Annual Growth Rate in Tanzania averaged 6.73 percent from 2002 until 2017, reaching an all time high of 10.90 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 6.70 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 6.80 in 12 months time. In the long-term, the Tanzania GDP Annual Growth Rate is projected to trend around 7.00 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	TEForecast
2016-09-29	08:15 AM	GDP Growth Rate YoY	7.9%	5.5%	5.2%
2017-01-02	01:20 PM	GDP Growth Rate YoY	6.2%	7.9%	7.2%
2017-10-16	02:30 PM	GDP Growth Rate YoY	7.8%	5.7%	7.1%
2018-02-01	01:30 PM	GDP Growth Rate YoY	6.8%	7.8%	6.8%
2018-12-28	02:00 PM	GDP Growth Rate YoY			6.70%
2018-12-28	03:30 PM	GDP Growth Rate YoY		6.8%	7.10%
2019-02-01	01:30 PM	GDP Growth Rate YoY			6.70%

Tanzania GDP	Last	Previous	Highest	Lowest	Unit
GDP Annual Growth Rate	6.80	7.80	10.90	2.60	percent	[+]
GDP	52.09	47.39	52.09	4.26	USD Billion	[+]
Gross Fixed Capital Formation	20802637.19	18901665.77	20802637.19	1903295.00	TZS Million	[+]
GDP per capita	900.52	867.00	900.52	456.90	USD	[+]
GDP per capita PPP	2683.30	2583.50	2683.30	1361.40	USD	[+]
GDP From Agriculture	2241174.00	2734195.00	2929599.00	1496675.00	TZS million	[+]
GDP From Construction	1521187.00	1437317.00	1521187.00	357544.00	TZS million	[+]
GDP From Manufacturing	962586.00	941532.00	962586.00	373896.00	TZS million	[+]
GDP From Mining	489399.00	482312.00	509033.00	197832.00	TZS million	[+]
GDP From Public Administration	736854.00	748370.00	787672.00	381800.00	TZS million	[+]

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 December of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	6.80	7.80	10.90	2.60	2002 - 2017	percent	Quarterly

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Country	Last		Previous	Range
India	7.10	Sep/18	8.2	11.4 : -5.2	%
China	6.50	Sep/18	6.7	15.4 : 3.8	%
Indonesia	5.17	Sep/18	5.27	7.16 : 1.56	%
United States	3.00	Sep/18	2.9	13.4 : -3.9	%
Australia	2.80	Sep/18	3.1	9 : -3.4	%
Mexico	2.50	Sep/18	2.6	9 : -9.1	%
Spain	2.50	Sep/18	2.5	5.6 : -4.3	%
Netherlands	2.40	Sep/18	3.1	6.1 : -4.6	%
Switzerland	2.40	Sep/18	3.5	5.8 : -3.7	%
Singapore	2.20	Sep/18	4.1	19 : -8.8	%
South Korea	2.00	Sep/18	2.8	20.8 : -7.3	%
Canada	1.90	Jun/18	2.3	9.3 : -4.1	%
Saudi Arabia	1.61	Jun/18	1.15	24.2 : -20.7	%
Euro Area	1.60	Sep/18	2.2	5 : -5.5	%
Turkey	1.60	Sep/18	5.3	11.7 : -14.4	%
United Kingdom	1.50	Sep/18	1.2	9.7 : -6.1	%
France	1.40	Sep/18	1.6	12.6 : -3.8	%
Brazil	1.30	Sep/18	0.9	10.1 : -5.5	%
Russia	1.30	Sep/18	1.9	12.1 : -11.2	%
Germany	1.10	Sep/18	2	7.2 : -6.8	%
South Africa	1.10	Sep/18	0.4	7.1 : -2.6	%
Italy	0.70	Sep/18	1.2	10.3 : -7.2	%
Japan	0.00	Sep/18	1.4	9.4 : -8.8	%
Argentina	-4.20	Jun/18	3.9	16.2 : -16.3	%