Deposit interest rate (%) in Tanzania
Tanzania: Deposit interest rate (%) was 6.7% in 2020. ◆ Volatile
Deposit interest rate in Tanzania, 1974–2020
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
Tanzania recorded 6.7% for deposit interest rate in 2020.
Compared with earlier readings it is down 5.9% on the previous year and up 0.9% over ten years.
Over the whole period, deposit interest rate in Tanzania peaked at 24.6% in 1995 and was at its lowest, 3.0%, in 2003.
Tanzania ranks 42nd of 153 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Deposit interest rate (%) in Tanzania, year by year
| Year | % | Change |
|---|---|---|
| 1974 | 4.0% | — |
| 1975 | 4.0% | +0.0% |
| 1976 | 4.0% | +0.0% |
| 1977 | 4.0% | +0.0% |
| 1978 | 4.0% | +0.0% |
| 1979 | 4.0% | +0.0% |
| 1980 | 4.0% | +0.0% |
| 1981 | 4.0% | +0.0% |
| 1982 | 4.0% | +0.0% |
| 1983 | 4.0% | +0.0% |
| 1984 | 4.0% | +0.0% |
| 1985 | 4.5% | +12.5% |
| 1986 | 8.5% | +88.9% |
| 1987 | 15.8% | +85.3% |
| 1988 | 17.5% | +10.8% |
| 1989 | 17.0% | -2.6% |
| 1992 | 17.0% | +0.0% |
| 1993 | 17.8% | +4.6% |
| 1994 | 21.9% | +23.1% |
| 1995 | 24.6% | +12.5% |
| 1996 | 13.6% | -44.8% |
| 1997 | 7.8% | -42.4% |
| 1998 | 7.8% | -1.0% |
| 1999 | 7.8% | -0.0% |
| 2000 | 7.4% | -4.7% |
| 2001 | 4.8% | -34.9% |
| 2002 | 3.3% | -31.6% |
| 2003 | 3.0% | -7.3% |
| 2004 | 4.2% | +37.8% |
| 2005 | 4.7% | +12.7% |
| 2006 | 6.7% | +42.1% |
| 2007 | 8.7% | +29.0% |
| 2008 | 8.3% | -4.9% |
| 2009 | 8.0% | -3.4% |
| 2010 | 6.6% | -16.9% |
| 2011 | 6.8% | +2.3% |
| 2012 | 9.5% | +40.8% |
| 2013 | 10.0% | +4.4% |
| 2014 | 9.9% | -1.1% |
| 2015 | 9.9% | +0.4% |
| 2016 | 10.5% | +6.0% |
| 2017 | 11.2% | +6.6% |
| 2018 | 8.2% | -26.7% |
| 2019 | 7.1% | -13.4% |
| 2020 | 6.7% | -5.9% |
Tanzania compared with similar countries
- Tanzania's 6.7% is above the median for lower middle income countries, which is 5.2%, 1.3× the median. (42 countries reporting)
- Tanzania's 6.7% is above the median for Sub-Saharan Africa, which is 5.7%, 1.2× the median. (44 countries reporting)
Biggest year-on-year movements
Years where Deposit interest rate (%) 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 |
|---|---|---|---|
| 1986 | +88.9% | 4.5% | 8.5% |
| 1987 | +85.3% | 8.5% | 15.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.0% | 4.0% | 4.0% | 6 |
| 1980s | 8.3% | 4.0% | 17.5% | 10 |
| 1990s | 14.8% | 7.8% | 24.6% | 8 |
| 2000s | 5.9% | 3.0% | 8.7% | 10 |
| 2010s | 9.0% | 6.6% | 11.2% | 10 |
| 2020s | 6.7% | 6.7% | 6.7% | 1 |
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 deposit interest rate in Tanzania?
- Deposit interest rate in Tanzania was 6.7% in 2020, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Tanzania?
- The highest recorded value was 24.6% in 1995.
- What is the lowest deposit interest rate recorded in Tanzania?
- The lowest recorded value was 3.0% in 2003.
- How does Tanzania rank for deposit interest rate?
- Tanzania ranks 42nd out of 153 countries with data for 2020.
- Is deposit interest rate rising or falling in Tanzania?
- Over the last ten years it is up 0.9%. The long-run trend across the full record is volatile.
- Where does this Tanzania data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.