Tanzania GDP Annual Growth Rate

Last Release

Sep 30, 2022

Actual

5.2

Units In

4.5

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
11.9 Mar 2007	2.6 Sep 2009	6.44 %	2002-2022	N/A

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.

Latest Updates

The economy of Tanzania expanded 5.6% year-on-year in the first quarter of 2024, up from a 5% growth in the previous three-month period. Financial and insurance services recorded the highest growth of 17.1%, followed by information and communication (13.4%), other services (8.6%), transport and storage (7.6%), electricity (7.6%), accommodation and food services (7.2%), public administration and defense (6.6%), and construction (6.4%).