Domestic credit to private sector in Tanzania, United Republic of
Tanzania, United Republic of: Domestic credit to private sector was 16.7% in 2024. ◆ Volatile
Domestic credit to private sector in Tanzania, United Republic of, 1961–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector in Tanzania, United Republic of is 16.7%, measured in 2024. That is the highest value across all 64 years on record.
The figure is up 1.7% on the previous year and up 25.3% over ten years.
Over the whole period, domestic credit to private sector in Tanzania, United Republic of peaked at 16.7% in 2024 and was at its lowest, 0.7%, in 1984.
Tanzania, United Republic of ranks 152nd of 187 countries on this measure, 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 in Tanzania, United Republic of, 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 | 4.1% | +32.2% |
| 2002 | 5.2% | +26.9% |
| 2003 | 6.2% | +18.5% |
| 2004 | 7.1% | +14.8% |
| 2005 | 7.8% | +10.1% |
| 2006 | 9.8% | +25.1% |
| 2007 | 11.5% | +17.1% |
| 2008 | 11.9% | +3.9% |
| 2009 | 11.3% | -5.4% |
| 2010 | 11.7% | +4.0% |
| 2011 | 12.4% | +5.4% |
| 2012 | 12.8% | +3.8% |
| 2013 | 12.5% | -2.2% |
| 2014 | 13.3% | +6.1% |
| 2015 | 14.6% | +9.8% |
| 2016 | 13.7% | -6.5% |
| 2017 | 13.1% | -4.3% |
| 2018 | 12.7% | -2.9% |
| 2019 | 12.6% | -0.5% |
| 2020 | 12.4% | -1.6% |
| 2021 | 13.0% | +4.4% |
| 2022 | 15.2% | +16.8% |
| 2023 | 16.4% | +8.1% |
| 2024 | 16.7% | +1.7% |
Tanzania, United Republic of compared with similar countries
- Tanzania, United Republic of's 16.7% is below the median for lower middle income countries, which is 24.7%, 67% of the median. (46 countries reporting)
- Tanzania, United Republic of's 16.7% is above the median for Sub-Saharan Africa, which is 15.9%, 1.0× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Domestic credit to private sector in Tanzania, United Republic of 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 | 7.8% | 3.1% | 11.9% | 10 |
| 2010s | 12.9% | 11.7% | 14.6% | 10 |
| 2020s | 14.7% | 12.4% | 16.7% | 5 |
Countries ranked near Tanzania, United Republic of
More financial sector data for Tanzania, United Republic of
- 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 in Tanzania, United Republic of?
- Domestic credit to private sector in Tanzania, United Republic of was 16.7% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector recorded in Tanzania, United Republic of?
- The highest recorded value was 16.7% in 2024.
- What is the lowest domestic credit to private sector recorded in Tanzania, United Republic of?
- The lowest recorded value was 0.7% in 1984.
- How does Tanzania, United Republic of rank for domestic credit to private sector?
- Tanzania, United Republic of ranks 152nd out of 187 countries with data for 2024.
- Is domestic credit to private sector rising or falling in Tanzania, United Republic of?
- Over the last ten years it is up 25.3%. 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 Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. 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.