Current account balance (credit less debit), Percent of GDP (Balance) in Tanzania
Tanzania: Current account balance (credit less debit), Percent of GDP (Balance) was -2.12 in 2027. ◆ Volatile
Current account balance (credit less debit), Percent of GDP (Balance) in Tanzania, 2000–2027
Source: International Monetary Fund.
Analysis
In 2027, current account balance (credit less debit), percent of gdp (balance) in Tanzania stood at -2.12.
That represents a change of up 6.2% on the previous year and up 23.0% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in Tanzania peaked at -1.13 in 2003 and was at its lowest, -11.56, in 2012.
That places Tanzania 18th out of 45 countries with data for 2027, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Percent of GDP (Balance) in Tanzania, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -3.21 | — |
| 2001 | -2.45 | -23.7% |
| 2002 | -1.33 | -45.8% |
| 2003 | -1.13 | -14.8% |
| 2004 | -3.21 | +183.9% |
| 2005 | -5.28 | +64.5% |
| 2006 | -7.11 | +34.7% |
| 2007 | -8.39 | +18.0% |
| 2008 | -7.65 | -8.8% |
| 2009 | -7.44 | -2.9% |
| 2010 | -7.38 | -0.7% |
| 2011 | -10.39 | +40.8% |
| 2012 | -11.56 | +11.3% |
| 2013 | -10.71 | -7.4% |
| 2014 | -9.8 | -8.5% |
| 2015 | -7.74 | -21.0% |
| 2016 | -4.22 | -45.5% |
| 2017 | -2.75 | -34.8% |
| 2018 | -4.21 | +53.2% |
| 2019 | -2.28 | -45.9% |
| 2020 | -2.3 | +1.0% |
| 2021 | -3.51 | +52.7% |
| 2022 | -7.39 | +110.3% |
| 2023 | -3.78 | -48.9% |
| 2024 | -2.81 | -25.7% |
| 2025 | -2.44 | -13.0% |
| 2026 | -2.26 | -7.5% |
| 2027 | -2.12 | -6.2% |
Tanzania compared with similar countries
- Tanzania's -2.12 is above the median for Sub-Saharan Africa, which is -2.9, 73% of the median. (45 countries reporting)
- Tanzania's -2.12 is above the median for lower middle income countries, which is -2.77, 76% of the median. (19 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Percent of GDP (Balance) 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 |
|---|---|---|---|
| 2004 | -183.9% | -1.13 | -3.21 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.72 | -8.39 | -1.13 | 10 |
| 2010s | -7.1 | -11.56 | -2.28 | 10 |
| 2020s | -3.33 | -7.39 | -2.12 | 8 |
Countries ranked near Tanzania
More financial sector data for Tanzania
- Net domestic credit (current LCU), per capita 693,682 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 600.22 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 9.44 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 0 SDR (2014)
- Gold reserves at market value 0 SDR (2014)
- Reserves excluding gold, foreign exchange 3.55 billion SDR (2018)
- Reserves excluding gold 3.63 billion SDR (2018)
- Total reserves (gold at market value) 3.63 billion SDR (2018)
- Total reserves (gold at national valuation) 3.63 billion SDR (2018)
- Total reserves (gold at national valuation) (SDR), per capita 63.21 SDR per person (2018)
Frequently asked questions
- What is current account balance (credit less debit), percent of gdp (balance) in Tanzania?
- Current account balance (credit less debit), percent of gdp (balance) in Tanzania was -2.12 in 2027, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp (balance) recorded in Tanzania?
- The highest recorded value was -1.13 in 2003.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in Tanzania?
- The lowest recorded value was -11.56 in 2012.
- How does Tanzania rank for current account balance (credit less debit), percent of gdp (balance)?
- Tanzania ranks 18th out of 45 countries with data for 2027.
- Is current account balance (credit less debit), percent of gdp (balance) rising or falling in Tanzania?
- Over the last ten years it is up 23.0%. 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), Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
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About this data
Sub-Saharan Africa Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in sub-Saharan Africa. Data for the REO for sub-Saharan Africa are prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall.