Since early 1990’s Tanzania has implemented far reaching macroeconomic and structural reforms which has led to substantial socio-economic development. GDP growth per annum has almost doubled over the last decade from 4.1% in 1998 to 7.4% in 2008, with an average growth of 7% per annum. This is historically high for Tanzania and comparable to the performance of fastest growing economies in sub-Saharan Africa. GDP growth peaked in 2004 at 7.8%, but severe and prolonged drought during 2005/06 negatively affected the economy, and the GDP has been gradually recovering to reach 7.4% in 2008.
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Library ResourceConference Papers & ReportsNovember, 2009Tanzania