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

by Reuters 6 views0

Tanzania's Q3 2015 GDP growth boosted by construction

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.