Financial Development Index in Tanzania
Tanzania: Financial Development Index was 0.0911 in 2020. ▼ Falling
Financial Development Index in Tanzania, 1980–2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial development index in Tanzania 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 peaked at 0.1663 in 1987 and was at its lowest, 0.0478, in 1999.
That places Tanzania 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.
Financial Development Index in Tanzania, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.1276 | — |
| 1981 | 0.1213 | -5.0% |
| 1982 | 0.1287 | +6.1% |
| 1983 | 0.1272 | -1.2% |
| 1984 | 0.1293 | +1.7% |
| 1985 | 0.1463 | +13.2% |
| 1986 | 0.1417 | -3.2% |
| 1987 | 0.1663 | +17.3% |
| 1988 | 0.1581 | -4.9% |
| 1989 | 0.1651 | +4.4% |
| 1990 | 0.1606 | -2.7% |
| 1991 | 0.1561 | -2.9% |
| 1992 | 0.1268 | -18.8% |
| 1993 | 0.1299 | +2.5% |
| 1994 | 0.1149 | -11.6% |
| 1995 | 0.1057 | -8.0% |
| 1996 | 0.0989 | -6.4% |
| 1997 | 0.0817 | -17.4% |
| 1998 | 0.0811 | -0.8% |
| 1999 | 0.0478 | -41.1% |
| 2000 | 0.087 | +82.2% |
| 2001 | 0.074 | -15.0% |
| 2002 | 0.0773 | +4.4% |
| 2003 | 0.0868 | +12.3% |
| 2004 | 0.0889 | +2.4% |
| 2005 | 0.0903 | +1.6% |
| 2006 | 0.0985 | +9.1% |
| 2007 | 0.1081 | +9.7% |
| 2008 | 0.1085 | +0.3% |
| 2009 | 0.1048 | -3.4% |
| 2010 | 0.0989 | -5.6% |
| 2011 | 0.099 | +0.1% |
| 2012 | 0.1042 | +5.2% |
| 2013 | 0.1008 | -3.3% |
| 2014 | 0.099 | -1.7% |
| 2015 | 0.0992 | +0.2% |
| 2016 | 0.0963 | -3.0% |
| 2017 | 0.0895 | -7.0% |
| 2018 | 0.0886 | -1.0% |
| 2019 | 0.087 | -1.8% |
| 2020 | 0.0911 | +4.7% |
Tanzania compared with similar countries
- Tanzania's 0.0911 is below the median for lower middle income countries, which is 0.1603, 57% of the median. (45 countries reporting)
- Tanzania's 0.0911 is below the median for Sub-Saharan Africa, which is 0.1219, 75% of the median. (46 countries reporting)
Biggest year-on-year movements
Years where Financial Development Index 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 |
|---|---|---|---|
| 2000 | +82.2% | 0.0478 | 0.087 |
| 1999 | -41.1% | 0.0811 | 0.0478 |
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
- 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 0.0839 compare
- 175 Chad 0.082 compare
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 financial development index in Tanzania?
- Financial development index in Tanzania was 0.0911 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Tanzania?
- The highest recorded value was 0.1663 in 1987.
- What is the lowest financial development index recorded in Tanzania?
- The lowest recorded value was 0.0478 in 1999.
- How does Tanzania rank for financial development index?
- Tanzania ranks 172nd out of 183 countries with data for 2020.
- Is financial development index rising or falling in Tanzania?
- Over the last ten years it is down 7.9%. The long-run trend across the full record is falling.
- Where does this Tanzania 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
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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.