Deposit Rate, Percent per annum in Tanzania, United Republic of
Tanzania, United Republic of: Deposit Rate, Percent per annum was 6.68 in 2020. β Volatile
Deposit Rate, Percent per annum in Tanzania, United Republic of, 1974β2020
Source: International Monetary Fund.
Analysis
In 2020, deposit rate, percent per annum in Tanzania, United Republic of stood at 6.68.
The figure is down 5.9% on the previous year and up 0.9% over ten years.
Over the whole period, deposit rate, percent per annum in Tanzania, United Republic of peaked at 24.62 in 1995 and was at its lowest, 3.05, in 2003.
That places Tanzania, United Republic of 38th out of 143 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4 | 4 | 4 | 6 |
| 1980s | 8.32 | 4 | 17.46 | 10 |
| 1990s | 14.78 | 7.75 | 24.62 | 8 |
| 2000s | 5.91 | 3.05 | 8.68 | 10 |
| 2010s | 8.97 | 6.62 | 11.19 | 10 |
| 2020s | 6.68 | 6.68 | 6.68 | 1 |
Countries ranked near Tanzania, United Republic of
- 36 Belarus, Republic of 6.76 compare
- 37 Suriname 6.69 compare
- 39 Mongolia 6.6 compare
- 40 Gambia, The 6.5 compare
- 41 Syrian Arab Republic 6.38 compare
More financial sector data for Tanzania, United Republic of
- Domestic credit to private sector by banks 16.6% (2024)
- Total reserves in months of imports 5.39 (2018)
- Net domestic credit 47.56 trillion current LCU (2024)
- Net foreign assets 10.56 trillion current LCU (2024)
- Monetary Sector credit to private sector 16.7% (2024)
- Broad money 23.4% (2023)
- Claims on central government, etc. 5.6% (2024)
- Domestic credit to private sector 16.7% (2024)
- Official exchange rate 2,598 LCU per US$, period average (2024)
- Net migration -12,730 (2025)
Frequently asked questions
- What is deposit rate, percent per annum in Tanzania, United Republic of?
- Deposit rate, percent per annum in Tanzania, United Republic of was 6.68 in 2020, according to International Monetary Fund.
- What is the highest deposit rate, percent per annum recorded in Tanzania, United Republic of?
- The highest recorded value was 24.62 in 1995.
- What is the lowest deposit rate, percent per annum recorded in Tanzania, United Republic of?
- The lowest recorded value was 3.05 in 2003.
- How does Tanzania, United Republic of rank for deposit rate, percent per annum?
- Tanzania, United Republic of ranks 38th out of 143 countries with data for 2020.
- Is deposit rate, percent per annum rising or falling in Tanzania, United Republic of?
- Over the last ten years it is up 0.9%. 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 Deposit Rate, Percent per annum. Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.