Bank deposits to GDP in Tanzania
Tanzania: Bank deposits to GDP was 15.5% in 2020. ▲ Rising
Bank deposits to GDP in Tanzania, 1988–2020
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for bank deposits to gdp in Tanzania is 15.5%, measured in 2020.
Compared with earlier readings it is down 0.4% on the previous year and down 23.3% over ten years.
Over the whole period, bank deposits to gdp in Tanzania peaked at 20.3% in 2010 and was at its lowest, 8.8%, in 1999.
Tanzania ranks 177th of 185 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 33 years of available data.
Bank deposits to GDP in Tanzania, year by year
| Year | % | Change |
|---|---|---|
| 1988 | 11.2% | — |
| 1989 | 11.9% | +6.6% |
| 1990 | 12.9% | +8.6% |
| 1991 | 13.9% | +7.8% |
| 1992 | 15.1% | +8.3% |
| 1993 | 17.3% | +14.6% |
| 1994 | 17.1% | -1.2% |
| 1995 | 17.0% | -0.7% |
| 1996 | 15.0% | -12.0% |
| 1997 | 13.6% | -9.2% |
| 1998 | 8.8% | -35.1% |
| 1999 | 8.8% | -0.3% |
| 2000 | 9.4% | +6.8% |
| 2001 | 12.2% | +29.9% |
| 2002 | 13.4% | +9.7% |
| 2003 | 13.9% | +3.9% |
| 2004 | 13.5% | -3.2% |
| 2005 | 16.1% | +19.9% |
| 2006 | 17.7% | +9.4% |
| 2007 | 18.6% | +5.3% |
| 2008 | 18.0% | -3.3% |
| 2009 | 18.7% | +4.2% |
| 2010 | 20.3% | +8.2% |
| 2011 | 19.9% | -2.0% |
| 2012 | 19.4% | -2.1% |
| 2013 | 18.3% | -6.1% |
| 2014 | 18.4% | +0.8% |
| 2015 | 19.2% | +4.6% |
| 2016 | 16.8% | -12.8% |
| 2017 | 16.7% | -0.5% |
| 2018 | 15.9% | -4.6% |
| 2019 | 15.6% | -2.1% |
| 2020 | 15.5% | -0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 11.5% | 11.2% | 11.9% | 2 |
| 1990s | 14.0% | 8.8% | 17.3% | 10 |
| 2000s | 15.1% | 9.4% | 18.7% | 10 |
| 2010s | 18.0% | 15.6% | 20.3% | 10 |
| 2020s | 15.5% | 15.5% | 15.5% | 1 |
Countries ranked near Tanzania
- 174 Zimbabwe 15.9% compare
- 175 Congo 15.8% compare
- 176 South Sudan 15.8% compare
- 178 Sudan 15.2% compare
- 179 Uzbekistan 15.1% compare
- 180 Central African Republic 13.9% compare
More financial sector data for Tanzania
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -12.81 % change on previous year (2018)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0623 SDR per US$ of GDP (2018)
- Reserves excluding gold, foreign exchange (SDR), per capita 61.84 SDR per person (2018)
- Reserves excluding gold (SDR), annual growth rate -12.18 % change on previous year (2018)
- Reserves excluding gold (SDR), per capita 63.21 SDR per person (2018)
- Total reserves (gold at market value) (SDR), annual growth rate -12.18 % change on previous year (2018)
- Total reserves (gold at market value) (SDR), per capita 63.21 SDR per person (2018)
- Total reserves (gold at national valuation) (SDR), annual growth rate -12.18 % change on previous year (2018)
- Total reserves (gold at national valuation) (SDR), per capita 63.21 SDR per person (2018)
- Total reserves in months of imports, annual growth rate -21.05 % change on previous year (2018)
Frequently asked questions
- What is bank deposits to gdp in Tanzania?
- Bank deposits to gdp in Tanzania was 15.5% in 2020, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank deposits to gdp recorded in Tanzania?
- The highest recorded value was 20.3% in 2010.
- What is the lowest bank deposits to gdp recorded in Tanzania?
- The lowest recorded value was 8.8% in 1999.
- How does Tanzania rank for bank deposits to gdp?
- Tanzania ranks 177th out of 185 countries with data for 2020.
- Is bank deposits to gdp rising or falling in Tanzania?
- Over the last ten years it is down 23.3%. The long-run trend across the full record is rising.
- Where does this Tanzania data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank deposits to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).