Current account balance (credit less debit), Net (credits less) in Tanzania
Tanzania: Current account balance (credit less debit), Net (credits less) was -2.38 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Tanzania, 2005–2024
Source: International Monetary Fund.
Analysis
Tanzania recorded -2.38 billion for current account balance (credit less debit), net (credits less debits) in 2024.
Compared with earlier readings it is up 19.6% on the previous year and up 52.3% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Tanzania peaked at -1.09 billion in 2005 and was at its lowest, -5.48 billion, in 2022.
Tanzania ranks 155th of 198 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less) in Tanzania, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -1.09 billion | — |
| 2006 | -1.10 billion | +0.9% |
| 2007 | -1.71 billion | +55.6% |
| 2008 | -2.58 billion | +50.3% |
| 2009 | -1.81 billion | -29.8% |
| 2010 | -2.21 billion | +22.1% |
| 2011 | -4.38 billion | +98.2% |
| 2012 | -3.76 billion | -14.1% |
| 2013 | -4.99 billion | +32.5% |
| 2014 | -4.99 billion | -0.0% |
| 2015 | -2.62 billion | -47.5% |
| 2016 | -1.22 billion | -53.5% |
| 2017 | -1.48 billion | +21.4% |
| 2018 | -2.31 billion | +56.3% |
| 2019 | -1.34 billion | -42.0% |
| 2020 | -1.46 billion | +8.8% |
| 2021 | -2.37 billion | +62.8% |
| 2022 | -5.48 billion | +130.9% |
| 2023 | -2.96 billion | -46.0% |
| 2024 | -2.38 billion | -19.6% |
Tanzania compared with similar countries
- Tanzania's -2.38 billion is below the median for lower middle income countries, which is -96.83 million, 24.6× the median. (46 countries reporting)
- Tanzania's -2.38 billion is below the median for Sub-Saharan Africa, which is -606.36 million, 3.9× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.66 billion | -2.58 billion | -1.09 billion | 5 |
| 2010s | -2.93 billion | -4.99 billion | -1.22 billion | 10 |
| 2020s | -2.93 billion | -5.48 billion | -1.46 billion | 5 |
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 current account balance (credit less debit), net (credits less debits) in Tanzania?
- Current account balance (credit less debit), net (credits less debits) in Tanzania was -2.38 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Tanzania?
- The highest recorded value was -1.09 billion in 2005.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Tanzania?
- The lowest recorded value was -5.48 billion in 2022.
- How does Tanzania rank for current account balance (credit less debit), net (credits less debits)?
- Tanzania ranks 155th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Tanzania?
- Over the last ten years it is up 52.3%. The long-run trend across the full record is volatile.
- Where does this Tanzania data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.