The state-run National Bureau of Statistics said the east African country’s GDP stood at 69.8 trillion Tanzanian shillings ($41.33 billion) in 2013 after the rebasing, up from a previous estimate of 53 trillion shillings.
This GDP calculation were changed to 2007 from 2001. The Finance Minister, Saada Mkuya said: “The rebasing of the GDP takes into account new transformations in the economy, such as the on going mobile phone revolution in the country.”
Apart form the Mobile Phone Revolution, the East African country has also made natural gas discoveries which is expected to increase the GDP come 2020′ along side other traditional sectors like communication and financial services.
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