Tanzania GDP Annual Growth Rate2022 Data - 2023 Forecast - 2002-2021 Historical

Name: Tanzania GDP Annual Growth Rate
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Keywords: Tanzania,GDP Annual Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

The Gross Domestic Product (GDP) in Tanzania expanded 4.90 percent in the fourth quarter of 2021 over the same quarter of the previous year. source: National Bureau of Statistics (NBS) - Tanzania

GDP Annual Growth Rate in Tanzania averaged 6.49 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 July of 2022.

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 5.30 percent in 2023 and 5.60 percent in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
GDP Growth Rate	1.50	1.60	percent	Sep 2010
GDP Annual Growth Rate	4.90	5.20	percent	Dec 2021
GDP From Public Administration	1461479.00	1468136.00	TZS million	Dec 2021
GDP From Mining	1701661.00	1677259.00	TZS Million	Dec 2021
GDP From Manufacturing	3043420.00	3019437.00	TZS Million	Dec 2021
GDP From Construction	5072162.00	5241139.00	TZS Million	Dec 2021
GDP From Agriculture	10031318.00	6056604.00	TZS Million	Dec 2021
Gdp Constant Prices	36911871.00	31850930.00	TZS Million	Dec 2021

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.