Current account balance (credit less debit), Net (credits less debits) in Tanzania, United Republic of
Tanzania, United Republic of: Current account balance (credit less debit), Net (credits less debits) was -2.38 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Tanzania, United Republic of, 2005–2024
Source: International Monetary Fund.
Analysis
Tanzania, United Republic of 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, United Republic of peaked at -1.09 billion in 2005 and was at its lowest, -5.48 billion, in 2022.
Tanzania, United Republic of 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 debits) in Tanzania, United Republic of, 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% |
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, United Republic of
More financial sector data for Tanzania, United Republic of
- Total reserves in months of imports, annual growth rate -21.05 % change on previous year (2018)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2018)
- Total reserves in months of imports, per capita 0 units per person (2018)
- 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)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Tanzania, United Republic of?
- Current account balance (credit less debit), net (credits less debits) in Tanzania, United Republic of 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, United Republic of?
- 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, United Republic of?
- The lowest recorded value was -5.48 billion in 2022.
- How does Tanzania, United Republic of rank for current account balance (credit less debit), net (credits less debits)?
- Tanzania, United Republic of 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, United Republic of?
- Over the last ten years it is up 52.3%. The long-run trend across the full record is volatile.
- Where does this Tanzania, United Republic of 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.