Various regions, including Coast, Lindi, Singida, Mtwara, Kigoma and Manyara, have been mentioned as still lagging behind economically, Minister of State in the President’s Office, Social Relations and Coordination, Mr Stephen Wasira, has said.The minister said in response to Lindi Urban legislator, Mr Salum Barwany (CUF), who wanted to know the factors considered in grading the economies of various regions in the country.
Mr Wasira said the main factor used to gauge any economy worldwide is the Gross Domestic Product (GDP).
He said GDP, which is the market value of all officially recognized final goods and services produced within a country in a given period of time, is what is also used locally to determine the economy of an area. He said the GDP per capita is often considered as an indicator of a country’s standard of living.
He, however, said that the GDP indicator has some weaknesses since it does not involve business or exchange of goods done outside formal markets.
Outside the informal economy, he said there are service sectors that involves providing goods and services such as accommodation, food and beverages, transport, childcare, cleaning, repair and maintenance services, mechanics, construction, education, entertainment, fabric care, hospitality industry, information services, personal grooming and vending.
The minister said the contribution of various regions to the economy between 2001 and 2011 showed that regions such as Coast, Lindi, Singida, Mtwara, Kigoma and Manyara still were lagging behind in economic growth.
He said Coast, Lindi and Singida regions contribute 2 per cent to the national GDP, Mtwara 2.8 per cent while Kigoma and Manyara contribute three per cent.
Source: Daily News, reported from Dodoma, Tanzania
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