Revealed: The 4 sectors driving Tanzania’s GDP

18Jul 2018
By Financial Times Reporter
DAR ES SALAAM
Financial Times
Revealed: The 4 sectors driving Tanzania’s GDP

TANZANIA's economic growth is largely reliant on four key sectors, which contribute close to 60 per cent of the country's total gross domestic product (GDP), latest government data has revealed.

In terms of contribution to real GDP growth, construction leads the pack, weighing in with 22.7 per cent of economic growth output last year, followed by transport and storage (15.6 per cent), agriculture (10.5 per cent) and information and communication (9.8 per cent).

According to new reports seen by the Financial Times compiled separately by the Bank of Tanzania (BoT) and the National Bureau of Statistics (NBS), the four sectors have consistently been strong performers over the past few years.

The country’s economy has recorded robust growth over the past decade, with real GDP expanding at an average rate of 7.1 per cent between 2013 and 2017, making Tanzania one of the fastest-growing economies in the world.

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