The mining sector’s contribution to the GDP climbed to 7.3% last year from 4. 8% in 2018, getting closer to the government’s goals.
President Samia Suluhu Hassan stated in her first address to the legislature last year that the government will work to enhance mining’s contribution to the GDP to at least 10% by 2025.
Numerous minerals are found in Tanzania, including the best-performing gold, which, according to the Bank of Tanzania, is currently the nation’s top source of foreign exchange earnings.
According to the BoT, exports of gold reached a total of $2.7 billion in 2021. According to Mr. Samamba, mineral exports rose from 42 tonnes in 2018 to 55.6 tonnes in 2017.