What is the contribution of manufacturing sector in the economy of Tanzania? Use latest figures from 2022 to 2023
As of 2022 to 2023, the manufacturing sector in Tanzania contributes significantly to the country's economy. The latest figures show that the sector accounts for around 8.5% of Tanzania's gross domestic product (GDP).
The manufacturing sector in Tanzania plays a crucial role in generating employment, promoting industrialization, and driving economic growth. It encompasses a wide range of industries such as food processing, textiles, chemicals, and machinery, among others.
The government of Tanzania has been implementing various policies and initiatives to support the growth of the manufacturing sector, including providing incentives for investment, improving infrastructure, and promoting skills development.
Overall, the manufacturing sector in Tanzania is expected to continue to grow and contribute significantly to the country's economic development in the coming years.