Tanzania’s economy grew by 5.4% in the first quarter of 2022, despite the spillover effects of the war in Ukraine and lingering impact of COVID-19.
;atest data by the National Bureau of Statistics (NBS) shows that Tanzania’s quarterly GDP was at TSh34.9 trillion in the period from January to March, an increase from TSh33.1 trillion that was registered during a similar period last year.
Agriculture contributed 19.6% to GDP during the first quarter. Construction, manufacturing as well as mining and quarrying came second, third and fourth with contributions of 14.1%, 9%, and 7.1%, respectively.
Trade and repair contributed 6.7%, while finance and insurance activities injected 6.4% into the economy.
The economic recovery in 2022 has also been aided by the return of foreign investments and tourism activities; Between January and May, this year, the number of visitors went up by 44% to 458,048 from last year’s 317,270.