Broad money (% of GDP) in Tanzania
Tanzania: Broad money (% of GDP) was 23.4% in 2023. ▲ Rising
Broad money in Tanzania, 1966–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for broad money in Tanzania is 23.4%, measured in 2023.
That represents a change of up 5.6% on the previous year and up 5.9% over ten years.
Over the whole period, broad money in Tanzania peaked at 24.6% in 2010 and was at its lowest, 4.4%, in 1966.
That places Tanzania 153rd out of 167 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 58 years of available data.
Broad money (% of GDP) in Tanzania, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1966 | 4.4% | — |
| 1967 | 4.7% | +9.1% |
| 1968 | 5.2% | +9.4% |
| 1969 | 5.4% | +3.9% |
| 1970 | 10.9% | +102.0% |
| 1971 | 12.0% | +10.5% |
| 1972 | 12.5% | +3.4% |
| 1973 | 12.6% | +0.8% |
| 1974 | 12.6% | +0.1% |
| 1975 | 13.2% | +4.7% |
| 1976 | 12.8% | -2.6% |
| 1977 | 13.0% | +1.6% |
| 1978 | 13.2% | +1.0% |
| 1979 | 17.1% | +30.3% |
| 1980 | 18.7% | +9.3% |
| 1981 | 19.0% | +1.3% |
| 1982 | 19.1% | +0.8% |
| 1983 | 18.6% | -2.7% |
| 1984 | 15.3% | -17.8% |
| 1985 | 14.7% | -3.9% |
| 1986 | 14.2% | -3.5% |
| 1987 | 13.2% | -6.9% |
| 1988 | 12.0% | -9.2% |
| 1989 | 12.7% | +5.5% |
| 1990 | 13.7% | +8.2% |
| 1991 | 13.6% | -0.5% |
| 1992 | 15.2% | +11.5% |
| 1993 | 16.8% | +10.5% |
| 1994 | 17.1% | +1.6% |
| 1995 | 17.3% | +1.2% |
| 1996 | 15.0% | -13.1% |
| 1997 | 13.6% | -9.6% |
| 1998 | 12.7% | -6.5% |
| 1999 | 12.9% | +1.4% |
| 2000 | 13.1% | +1.5% |
| 2001 | 15.8% | +20.7% |
| 2002 | 17.2% | +9.3% |
| 2003 | 17.6% | +2.0% |
| 2004 | 17.4% | -1.2% |
| 2005 | 20.5% | +17.8% |
| 2006 | 22.1% | +8.1% |
| 2007 | 22.9% | +3.5% |
| 2008 | 22.3% | -2.6% |
| 2009 | 22.9% | +2.6% |
| 2010 | 24.6% | +7.8% |
| 2011 | 24.1% | -2.1% |
| 2012 | 23.5% | -2.6% |
| 2013 | 22.1% | -6.1% |
| 2014 | 22.5% | +2.1% |
| 2015 | 23.4% | +4.0% |
| 2016 | 21.1% | -9.9% |
| 2017 | 20.8% | -1.4% |
| 2018 | 20.0% | -3.9% |
| 2019 | 20.3% | +1.3% |
| 2020 | 19.7% | -2.6% |
| 2021 | 21.3% | +7.8% |
| 2022 | 22.1% | +3.9% |
| 2023 | 23.4% | +5.6% |
Tanzania compared with similar countries
- Tanzania's 23.4% is below the median for lower middle income countries, which is 42.3%, 55% of the median. (46 countries reporting)
- Tanzania's 23.4% is below the median for Sub-Saharan Africa, which is 29.8%, 78% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Broad money (% of GDP) in Tanzania changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1970 | +102.0% | 5.4% | 10.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.9% | 4.4% | 5.4% | 4 |
| 1970s | 13.0% | 10.9% | 17.1% | 10 |
| 1980s | 15.8% | 12.0% | 19.1% | 10 |
| 1990s | 14.8% | 12.7% | 17.3% | 10 |
| 2000s | 19.2% | 13.1% | 22.9% | 10 |
| 2010s | 22.3% | 20.0% | 24.6% | 10 |
| 2020s | 21.6% | 19.7% | 23.4% | 4 |
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 broad money in Tanzania?
- Broad money in Tanzania was 23.4% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money recorded in Tanzania?
- The highest recorded value was 24.6% in 2010.
- What is the lowest broad money recorded in Tanzania?
- The lowest recorded value was 4.4% in 1966.
- How does Tanzania rank for broad money?
- Tanzania ranks 153rd out of 167 countries with data for 2023.
- Is broad money rising or falling in Tanzania?
- Over the last ten years it is up 5.9%. The long-run trend across the full record is rising.
- Where does this Tanzania data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 58 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.