Domestic credit to private sector by banks in Tanzania
Tanzania: Domestic credit to private sector by banks was 16.6% in 2024. ◆ Volatile
Domestic credit to private sector by banks in Tanzania, 1961–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Tanzania recorded 16.6% for domestic credit to private sector by banks in 2024. That is the highest value across all 64 years on record.
The figure is up 1.8% on the previous year and up 25.7% over ten years.
Over the whole period, domestic credit to private sector by banks in Tanzania peaked at 16.6% in 2024 and was at its lowest, 0.7%, in 1984.
That places Tanzania 150th out of 187 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector by banks in Tanzania, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1961 | 1.7% | — |
| 1962 | 1.6% | -4.3% |
| 1963 | 1.7% | +4.0% |
| 1964 | 1.8% | +5.1% |
| 1965 | 2.2% | +24.2% |
| 1966 | 2.5% | +14.5% |
| 1967 | 2.3% | -7.6% |
| 1968 | 2.1% | -8.0% |
| 1969 | 2.1% | -2.1% |
| 1970 | 3.1% | +49.2% |
| 1971 | 2.4% | -23.3% |
| 1972 | 2.5% | +6.2% |
| 1973 | 1.7% | -32.9% |
| 1974 | 1.7% | +1.2% |
| 1975 | 1.5% | -11.6% |
| 1976 | 1.0% | -34.2% |
| 1977 | 1.1% | +5.1% |
| 1978 | 1.4% | +29.8% |
| 1979 | 1.3% | -6.6% |
| 1980 | 1.2% | -4.8% |
| 1981 | 1.1% | -8.1% |
| 1982 | 1.3% | +18.2% |
| 1983 | 1.2% | -8.8% |
| 1984 | 0.7% | -41.7% |
| 1985 | 0.9% | +27.9% |
| 1986 | 0.8% | -7.7% |
| 1987 | 1.2% | +40.5% |
| 1988 | 1.1% | -6.2% |
| 1989 | 9.7% | +787.9% |
| 1990 | 9.6% | -1.1% |
| 1991 | 9.7% | +0.9% |
| 1992 | 6.7% | -30.5% |
| 1993 | 7.4% | +10.8% |
| 1994 | 6.7% | -10.2% |
| 1995 | 4.6% | -31.4% |
| 1996 | 2.1% | -53.5% |
| 1997 | 2.4% | +14.6% |
| 1998 | 3.0% | +21.4% |
| 1999 | 3.2% | +7.7% |
| 2000 | 3.1% | -2.5% |
| 2001 | 3.8% | +20.9% |
| 2002 | 4.6% | +22.5% |
| 2003 | 5.7% | +23.7% |
| 2004 | 6.6% | +15.2% |
| 2005 | 7.4% | +13.0% |
| 2006 | 9.3% | +25.6% |
| 2007 | 11.1% | +19.1% |
| 2008 | 11.7% | +4.9% |
| 2009 | 11.0% | -5.5% |
| 2010 | 11.5% | +4.5% |
| 2011 | 12.2% | +6.1% |
| 2012 | 12.7% | +4.3% |
| 2013 | 12.5% | -2.1% |
| 2014 | 13.2% | +6.1% |
| 2015 | 14.5% | +9.4% |
| 2016 | 13.6% | -6.3% |
| 2017 | 13.0% | -4.2% |
| 2018 | 12.6% | -2.7% |
| 2019 | 12.5% | -0.7% |
| 2020 | 12.4% | -1.5% |
| 2021 | 12.9% | +4.5% |
| 2022 | 15.1% | +17.0% |
| 2023 | 16.3% | +8.1% |
| 2024 | 16.6% | +1.8% |
Tanzania compared with similar countries
- Tanzania's 16.6% is below the median for lower middle income countries, which is 23.4%, 71% of the median. (46 countries reporting)
- Tanzania's 16.6% is above the median for Sub-Saharan Africa, which is 15.6%, 1.1× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Domestic credit to private sector by banks 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 |
|---|---|---|---|
| 1989 | +787.9% | 1.1% | 9.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.0% | 1.6% | 2.5% | 9 |
| 1970s | 1.8% | 1.0% | 3.1% | 10 |
| 1980s | 1.9% | 0.7% | 9.7% | 10 |
| 1990s | 5.5% | 2.1% | 9.7% | 10 |
| 2000s | 7.4% | 3.1% | 11.7% | 10 |
| 2010s | 12.8% | 11.5% | 14.5% | 10 |
| 2020s | 14.7% | 12.4% | 16.6% | 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 domestic credit to private sector by banks in Tanzania?
- Domestic credit to private sector by banks in Tanzania was 16.6% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Tanzania?
- The highest recorded value was 16.6% in 2024.
- What is the lowest domestic credit to private sector by banks recorded in Tanzania?
- The lowest recorded value was 0.7% in 1984.
- How does Tanzania rank for domestic credit to private sector by banks?
- Tanzania ranks 150th out of 187 countries with data for 2024.
- Is domestic credit to private sector by banks rising or falling in Tanzania?
- Over the last ten years it is up 25.7%. 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 Domestic credit to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.