Financial Development Index in Tanzania, United Republic of
Tanzania, United Republic of: Financial Development Index was 0.0911 in 2020. βΌ Falling
Financial Development Index in Tanzania, United Republic of, 1980β2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial development index in Tanzania, United Republic of is 0.0911, measured in 2020.
Compared with earlier readings it is up 4.7% on the previous year and down 7.9% over ten years.
Over the whole period, financial development index in Tanzania, United Republic of peaked at 0.1663 in 1987 and was at its lowest, 0.0478, in 1999.
That places Tanzania, United Republic of 172nd out of 183 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.1411 | 0.1213 | 0.1663 | 10 |
| 1990s | 0.1103 | 0.0478 | 0.1606 | 10 |
| 2000s | 0.0924 | 0.074 | 0.1085 | 10 |
| 2010s | 0.0963 | 0.087 | 0.1042 | 10 |
| 2020s | 0.0911 | 0.0911 | 0.0911 | 1 |
Countries ranked near Tanzania, United Republic of
- 169 Solomon Islands 0.0929 compare
- 170 Haiti 0.0926 compare
- 171 Guinea-Bissau 0.0913 compare
- 173 Cameroon 0.0883 compare
- 174 Equatorial Guinea, Republic of 0.0839 compare
- 175 Chad 0.082 compare
More financial sector data for Tanzania, United Republic of
- 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)
- Domestic credit to private sector by banks 16.6% (2024)
Frequently asked questions
- What is financial development index in Tanzania, United Republic of?
- Financial development index in Tanzania, United Republic of was 0.0911 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Tanzania, United Republic of?
- The highest recorded value was 0.1663 in 1987.
- What is the lowest financial development index recorded in Tanzania, United Republic of?
- The lowest recorded value was 0.0478 in 1999.
- How does Tanzania, United Republic of rank for financial development index?
- Tanzania, United Republic of ranks 172nd out of 183 countries with data for 2020.
- Is financial development index rising or falling in Tanzania, United Republic of?
- Over the last ten years it is down 7.9%. The long-run trend across the full record is falling.
- Where does this Tanzania, United Republic of data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.