OoReporters

We Speak For You...

Tanzania’s GDP Grows by 7.1 Per Cent In 2017, NBS Says –By Mnaku Mbani

Dar es Salaam. Tanzanian economy at 2007 constant price expanded by 7.1 per cent in 2017 to Sh50.5 trillion from 47.1 per cent in 2016.

Tanzania finance minister Phillip Mpango

The GDP report published today by National Bureau of Statistics (NBS) has shown that at current price in absolute the economy increased to Sh116.1 trillion last year from Sh103.1 trillion recorded during the previous year.

Growth of activities in 2017 that increased at significant rates include mining and quarrying (17.5 percent), Water Supply (16.7 percent), Transportation and Storage (16.6 percent), Information and Communication (14.7 percent) and Construction (14.1).

In 2017, value added for crops, livestock, forestry and fisheries at 2007 constant prices increased to Sh10.3 trillion in 2017 from Sh9.9 trillion in 2016, equivalent to an increase of 3.6 percent.

These activities include crop harvesting, animal production, crop harvesting from plantation plants and wildlife products and fish production and fish products.

Value added for crops increased to Sh5.3 trillion from Sh5.1 trillion recorded in the year 2016, equivalent to an increase of 3.7 percent, attributed to the availability of sufficient rainfall in crop production areas.

The Growth of crop was due to an increase in harvest of different crops such as maize that increased by 8.7 percent from 6,149 thousand tons in 2016 to 6,681 thousand tons in 2017, Sorghum/millet increased by 6.1 percent from 1,003 tons in 2016 to 1,064 thousand tons in 2017.

Beans/peas increased by 18.3 million from 1,959 thousand tons in 2016 to 2,318 thousand tons in 2017. Potato (round and sweet potatoes) increased by 34.7 percent from 1,491 thousand tons in 2016 to 2,800 thousand tons in 2017.

READ   Tanzania Finance Minister Announces Priorities For 2018/19 Budget --By Mnaku Mbani

In 2017, the value added of livestock production and its products increased to Sh3.4 trillion in 2017 from Sg3.3 trillion in 2016 equivalent to an increase of 2.8 percent attributed to an increase in the number of harvested animals and animal products as well as an increase in animals of new born.

In 2017, the value added for fishing activities increased to Sh575.2 billion from Sh560.0 billion in 2016 equivalent to an increase of 2.7 percent. The growth was attributed to an increase in fish harvested along with fish products during the period.

In 2017, the value added of mining and quarrying activities increased to Sh1.98 trillion from Sh1.68 trillion in 2016 equivalent to an increase of 17.5 percent.

According to the report, growth was attributed to an increase in natural gas production, diamond and coal. In addition, coal production increased due to the Government decision of banning coal importation. Also, natural gas production increased to meet the demand of gas for electricity generation and new industries connected to the gas pipeline.

The activity value added increased to Sh3.719 trillion in 2017 from Sh3.473 trillion recorded in 2016, equivalent to an increase of 7.1 percent. The growth rate was attributed to an increase in production of food products; chemical and cement; and wooden products and paper products.

The value added of the construction activity increased to Sh6.159 trillion in 2017 from Sh5.396 trillion in 2016 equivalent to an increase of 14.1 percent.

The increase was attributed to the construction of commercial and residential buildings, on-going infrastructure construction projects, that includes Standard Gauge Railway (SGR), expansion of Mwanza airport, construction of bridges at TAZARA and Ubungo intersection in Dar es Salaam, as well as construction of Manyoni road – Tabora, and other upgraded roads to tarmac in the country.

READ   Drinking Changes Young Adults’ Metabolite Profile

Education activities increased to Sh1.672 trillion from Sh1.541 trillion recorded in 2016 equivalent to 8.5 percent increase. This growth was attributed to an increase in students enrolled in primary, secondary and higher education institutions.

Likewise, the implementation of the Primary Policy free of charge contributed significantly to the increase in student enrolment.The value added of this activity increased to Sh828.0 billion in 2017 from Sh781.6 billion recorded in the year 2016 equivalent to an increase of 5.9 percent.

Mnaku Mbani is a Business reporter based in Dar es Salaam, Tanzania.


Disclaimer:

The expressions in this article are the sole responsibility of the author and do not necessarily reflect those of ooreporters.com.
SEND ARTICLES TO info@ooreporters.com


201total visits,1visits today

SHARE
Updated: June 18, 2018 — 4:03 pm

Leave a Reply

Your email address will not be published. Required fields are marked *

OoReporters © 2018 Designed by viziwebtech