Account ownership at a financial institution … older in Tanzania
Tanzania: Account ownership at a financial institution … older was 63.1% in 2024. ▲ Rising
Account ownership at a financial institution or with a in Tanzania, 2011–2024
Source: Global Findex Database, World Bank (WB). Measured in % of population ages 25+.
Analysis
In 2024, account ownership at a financial institution or with a in Tanzania stood at 63.1%. That is the highest value across all 5 years on record.
The figure is up 17.3% on the previous year and up 43.7% over ten years.
Over the whole period, account ownership at a financial institution or with a in Tanzania peaked at 63.1% in 2024 and was at its lowest, 19.4%, in 2011.
That places Tanzania 77th out of 106 countries with data for 2024, putting it in the middle of the range.
Account ownership at a financial institution … older in Tanzania, year by year
| Year | % of population ages 25+ | Change |
|---|---|---|
| 2011 | 19.4% | — |
| 2014 | 43.9% | +126.8% |
| 2017 | 47.3% | +7.8% |
| 2021 | 53.8% | +13.7% |
| 2024 | 63.1% | +17.3% |
Tanzania compared with similar countries
- Tanzania's 63.1% is above the median for lower middle income countries, which is 59.5%, 1.1× the median. (22 countries reporting)
- Tanzania's 63.1% is above the median for Sub-Saharan Africa, which is 63.1%, 1.0× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 36.9% | 19.4% | 47.3% | 3 |
| 2020s | 58.4% | 53.8% | 63.1% | 2 |
Countries ranked near Tanzania
More financial sector data for Tanzania
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.16 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0007 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.8467 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.16 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is account ownership at a financial institution or with a in Tanzania?
- Account ownership at a financial institution or with a in Tanzania was 63.1% in 2024, according to Global Findex Database, World Bank (WB).
- What is the highest account ownership at a financial institution or with a recorded in Tanzania?
- The highest recorded value was 63.1% in 2024.
- What is the lowest account ownership at a financial institution or with a recorded in Tanzania?
- The lowest recorded value was 19.4% in 2011.
- How does Tanzania rank for account ownership at a financial institution or with a?
- Tanzania ranks 77th out of 106 countries with data for 2024.
- Is account ownership at a financial institution or with a rising or falling in Tanzania?
- Over the last ten years it is up 43.7%. The long-run trend across the full record is rising.
- Where does this Tanzania data come from?
- The figures come from Global Findex Database, World Bank (WB), published as part of Account ownership at a financial institution or with a mobile-money-service provider, older adults (% of population ages 25+). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 5 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Account denotes the percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution or report personally using a mobile money service in the past 12 months (older adults, % of population ages 25+).