Savings Rate, Percent per annum in United Republic of Tanzania
United Republic of Tanzania: Savings Rate, Percent per annum was 2.33 in 2020. ◆ Volatile
Savings Rate, Percent per annum in United Republic of Tanzania, 1974–2020
Source: International Monetary Fund.
Analysis
In 2020, savings rate, percent per annum in United Republic of Tanzania stood at 2.33. That is the lowest value across all 44 years on record.
The figure is down 4.6% on the previous year and down 13.6% over ten years.
Over the whole period, savings rate, percent per annum in United Republic of Tanzania peaked at 26 in 1989 and was at its lowest, 2.33, in 2020.
That places United Republic of Tanzania 24th out of 63 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.18 | 4 | 5 | 6 |
| 1980s | 13.67 | 7.5 | 26 | 9 |
| 1990s | 16.87 | 8.27 | 24.67 | 8 |
| 2000s | 3.17 | 2.44 | 6.54 | 10 |
| 2010s | 2.92 | 2.45 | 3.45 | 10 |
| 2020s | 2.33 | 2.33 | 2.33 | 1 |
Countries ranked near United Republic of Tanzania
- 21 Belize 2.65 compare
- 22 Guatemala 2.58 compare
- 23 Honduras 2.53 compare
- 25 Saint Kitts and Nevis 2.15 compare
- 26 Saint Lucia 2.08 compare
- 27 Montserrat 2.05 compare
More financial sector data for United Republic of 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 savings rate, percent per annum in United Republic of Tanzania?
- Savings rate, percent per annum in United Republic of Tanzania was 2.33 in 2020, according to International Monetary Fund.
- What is the highest savings rate, percent per annum recorded in United Republic of Tanzania?
- The highest recorded value was 26 in 1989.
- What is the lowest savings rate, percent per annum recorded in United Republic of Tanzania?
- The lowest recorded value was 2.33 in 2020.
- How does United Republic of Tanzania rank for savings rate, percent per annum?
- United Republic of Tanzania ranks 24th out of 63 countries with data for 2020.
- Is savings rate, percent per annum rising or falling in United Republic of Tanzania?
- Over the last ten years it is down 13.6%. The long-run trend across the full record is volatile.
- Where does this United Republic of Tanzania data come from?
- The figures come from International Monetary Fund, published as part of Savings Rate, Percent per annum. Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.