Gross Domestic Product (GDP) is measured as the value of goods and services produced in the country during accounting period. GDP is used to evaluate growth in the relevant year. This report is for the period from January to December 2017.
Data used in the compilation of annual GDP for 2017 is based on production of goods and services in the period of January to December 2017 from various sources of official data that is Ministries, Departments and Government Institutions. In addition, GDP has been compiled in line with the requirements of the United Nations (UN), System of National Accounts 2008.
Annual Gross Domestic Products at current prices in absolute terms for year 2017 increased to TZS 116.1 trillion from to TZS 103.1 trillion in 2016. Moreover, the value of annual Gross Domestic Products at 2007 constant prices in absolute terms increased to TZS 50.5 trillion in 2017 from 47.1 trillion in 2016, equivalent to an increase of 7.1 percent.
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