Tanzania's GDP expands by 7.2 pct in second quarter of 2019

0 Comment(s)Print E-mail Xinhua, October 28, 2019
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DAR ES SALAAM, Oct. 27 (Xinhua) -- Tanzania's economy expanded by 7.2 percent in the second quarter of this year compared to 6.1 in the same period last year, the National Bureau of Statistics (NBS) said in a report on Sunday.

The faster growth of the gross domestic product (GDP) in the April-June 2019 period was due to improved performance of construction, mining and communications sector, said the report.

"The largest share to GDP in the second quarter of 2019 was from tertiary activities which accounted to 41.5 percent, followed by primary activities by 32.9 percent and secondary activities had the least share of 25.7 percent, before adjustment for taxes," NBS said in the report.

During the period under review, construction activity recorded the highest growth of 19.6 percent followed by mining and quarrying (17.2 percent) and information and communication (10.3 percent), it said.

According to the report, Tanzania's economy grew by 6.6 percent in the first quarter of this year.

The report said the government expects full-year GDP growth to expand by 7.1 percent this year, slightly up from 7.0 percent last year. Enditem

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