Financial system deposits to GDP in Tanzania
Tanzania: Financial system deposits to GDP was 15.5% in 2020. ▲ Rising
Financial system deposits to GDP in Tanzania, 1988–2020
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for financial system deposits to gdp in Tanzania is 15.5%, measured in 2020.
The figure is down 0.4% on the previous year and down 23.3% over ten years.
Over the whole period, financial system deposits to gdp in Tanzania peaked at 20.3% in 2010 and was at its lowest, 9.0%, in 1998.
That places Tanzania 177th out of 185 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 33 years of available data.
Financial system deposits to GDP in Tanzania, year by year
| Year | % | Change |
|---|---|---|
| 1988 | 11.2% | — |
| 1989 | 11.9% | +6.6% |
| 1990 | 13.0% | +8.7% |
| 1991 | 14.1% | +8.9% |
| 1992 | 15.2% | +7.4% |
| 1993 | 17.4% | +14.6% |
| 1994 | 17.2% | -1.1% |
| 1995 | 17.6% | +2.2% |
| 1996 | 15.4% | -12.3% |
| 1997 | 14.0% | -9.4% |
| 1998 | 9.0% | -35.3% |
| 1999 | 9.1% | +0.2% |
| 2000 | 9.7% | +6.7% |
| 2001 | 12.5% | +29.3% |
| 2002 | 13.7% | +9.4% |
| 2003 | 14.1% | +3.4% |
| 2004 | 13.7% | -3.3% |
| 2005 | 16.4% | +19.7% |
| 2006 | 17.9% | +9.4% |
| 2007 | 18.8% | +5.3% |
| 2008 | 18.0% | -4.6% |
| 2009 | 18.7% | +4.2% |
| 2010 | 20.3% | +8.2% |
| 2011 | 19.9% | -2.0% |
| 2012 | 19.4% | -2.1% |
| 2013 | 18.3% | -6.1% |
| 2014 | 18.4% | +0.8% |
| 2015 | 19.2% | +4.6% |
| 2016 | 16.8% | -12.8% |
| 2017 | 16.7% | -0.5% |
| 2018 | 15.9% | -4.6% |
| 2019 | 15.6% | -2.1% |
| 2020 | 15.5% | -0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 11.6% | 11.2% | 11.9% | 2 |
| 1990s | 14.2% | 9.0% | 17.6% | 10 |
| 2000s | 15.3% | 9.7% | 18.8% | 10 |
| 2010s | 18.0% | 15.6% | 20.3% | 10 |
| 2020s | 15.5% | 15.5% | 15.5% | 1 |
Countries ranked near Tanzania
- 174 Zimbabwe 15.9% compare
- 175 Congo 15.8% compare
- 176 South Sudan 15.8% compare
- 178 Sudan 15.2% compare
- 179 Uzbekistan 15.1% compare
- 180 Central African Republic 13.9% compare
More financial sector data for Tanzania
- 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)
- Total reserves (gold at national valuation) (SDR), per capita 63.21 SDR per person (2018)
Frequently asked questions
- What is financial system deposits to gdp in Tanzania?
- Financial system deposits to gdp in Tanzania was 15.5% in 2020, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest financial system deposits to gdp recorded in Tanzania?
- The highest recorded value was 20.3% in 2010.
- What is the lowest financial system deposits to gdp recorded in Tanzania?
- The lowest recorded value was 9.0% in 1998.
- How does Tanzania rank for financial system deposits to gdp?
- Tanzania ranks 177th out of 185 countries with data for 2020.
- Is financial system deposits to gdp rising or falling in Tanzania?
- Over the last ten years it is down 23.3%. The long-run trend across the full record is rising.
- Where does this Tanzania data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Financial system deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Financial system deposits (IFS lines 24, 25, 44, and 45); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).