Wednesday, March 27, 2013

Tanzania: Economy experiences 6.9% growth in 2012

The east African country of Tanzania's Gross Domestic Product (GDP) grew by US$4.5 billion last year compared to 2011, new economic data showed.

The March 2013 figures, published by the Planning Commission, put the total market value of all goods and services produced in Tanzania last year at TSh44.7 trillion (about US$27.95 billion).

This was 6.9 percent above the TSh37.5 trillion (US$ 23.45 billion) level of 2011 as the economy braved a gloomy global growth outlook.

Much of the

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