How large is Tanzania's GDP,how robust her growth?
T hese questions will be robustly answered come the end of this month when Tanzania re-bases her GDP accounting period to 2007. Tanzania will re-base her GDP accounting year to 2007 from 2001. The re-base will rope in new sectors and is expected announce a new larger GDP. Economists estimate that Tanzania's GDP is between 20 and 25 per cent larger than current estimates. According to Daily News , at the end of 2013, Tanzania’s GDP stood at US$33.26 billion. Economists therefore estimate the GDP to have been anywhere between US$39.5 billion and $42 billion by the end of 2013. This will be confirmed at the end of this month when a new base year and new GDP are announced. Re-basing of the national account series (which includes the GDP) is the process of replacing an old base year with a new and more recent base year. The base year provides the reference point to which future values of the GDP are compared. Re-basing is meant to reflect recent developments in the e