Economic Survey, 2024
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Date
2025-08
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Journal Title
Journal ISSN
Volume Title
Publisher
Ministry of Finance
Abstract
In 2024, real Gross Domestic Product (GDP) amounted to 156,635.32 billion shillings compared with 148,521.02 billion shillings recorded in 2023, equivalent to a growth of 5.5 percent compared with 5.1 percent growth recorded in 2023. The growth was attributed to: continued implementation of strategic and flagship projects particularly in energy and transport infrastructure; commencement of electricity generation at Julius Nyerere Hydropower Project; commencement of Dar es Salaam - Morogoro - Dodoma passenger transportation through the Standard Gauge Railway (SGR); increase in credit to the private sector; prudent implementation of monetary policies; favorable weather conditions that enhanced agricultural production; and Government investments in social services, including education, health, water and social protection.
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Keywords
Economic Survey, Government Finance, External Sector, Domestic Growth