Tanzania's Q3 2015 GDP growth boosted by construction, mining - CNBC Africa

Tanzania's Q3 2015 GDP growth boosted by construction, mining

East Africa

by Reuters 0

Tanzania's Q3 2015 GDP growth boosted by construction, mining. Photo: Wikipedia

Faster growth in the construction, mining and transport sectors pushed Tanzania's growth higher in the third quarter of 2015 compared to the same period a year earlier, the statistics office said on Wednesday.

The economy grew 6.3 percent year-on-year in the third quarter compared with 5.4 percent in the same quarter in 2014, the state-run National Bureau of Statistics (NBS) said.

"Sectors that drove GDP growth in Q3 2015 include construction, mining and quarrying and transport," Albina Chuwa, director general of NBS, told a news conference.

Tanzania's total exports of goods and services during July-September 2015 rose by 3.3 percent, Chuwa added. Gold accounts for 89 percent of Tanzania's mineral exports.

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