Savings Rate, Percent per annum in Tanzania
Tanzania: Savings Rate, Percent per annum was 2.33 in 2020. ◆ Volatile
Savings Rate, Percent per annum in Tanzania, 1974–2020
Source: International Monetary Fund.
Analysis
In 2020, savings rate, percent per annum in 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 Tanzania peaked at 26 in 1989 and was at its lowest, 2.33, in 2020.
That places 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.
Savings Rate, Percent per annum in Tanzania, year by year
| Year | Value | Change |
|---|---|---|
| 1974 | 4 | — |
| 1975 | 4 | +0.0% |
| 1976 | 4 | +0.0% |
| 1977 | 4 | +0.0% |
| 1978 | 4.08 | +2.1% |
| 1979 | 5 | +22.4% |
| 1980 | 7.5 | +50.0% |
| 1981 | 7.5 | +0.0% |
| 1982 | 7.5 | +0.0% |
| 1983 | 7.5 | +0.0% |
| 1985 | 8.33 | +11.1% |
| 1986 | 12.5 | +50.0% |
| 1987 | 22.04 | +76.3% |
| 1988 | 24.17 | +9.6% |
| 1989 | 26 | +7.6% |
| 1992 | 24.67 | -5.1% |
| 1993 | 24 | -2.7% |
| 1994 | 23.98 | -0.1% |
| 1995 | 22.7 | -5.3% |
| 1996 | 14.25 | -37.2% |
| 1997 | 8.79 | -38.3% |
| 1998 | 8.29 | -5.7% |
| 1999 | 8.27 | -0.2% |
| 2000 | 6.54 | -20.9% |
| 2001 | 3.93 | -39.9% |
| 2002 | 3.05 | -22.4% |
| 2003 | 2.5 | -18.2% |
| 2004 | 2.44 | -2.2% |
| 2005 | 2.61 | +6.8% |
| 2006 | 2.61 | +0.1% |
| 2007 | 2.58 | -1.2% |
| 2008 | 2.69 | +4.3% |
| 2009 | 2.7 | +0.1% |
| 2010 | 2.7 | +0.2% |
| 2011 | 2.56 | -5.3% |
| 2012 | 2.96 | +15.8% |
| 2013 | 3.09 | +4.3% |
| 2014 | 3.13 | +1.3% |
| 2015 | 3.45 | +10.1% |
| 2016 | 3.35 | -2.7% |
| 2017 | 3.03 | -9.6% |
| 2018 | 2.52 | -16.9% |
| 2019 | 2.45 | -2.9% |
| 2020 | 2.33 | -4.6% |
Tanzania compared with similar countries
- Tanzania's 2.33 is below the median for lower middle income countries, which is 2.8, 83% of the median. (18 countries reporting)
- Tanzania's 2.33 is below the median for Sub-Saharan Africa, which is 2.92, 80% of the median. (14 countries reporting)
Biggest year-on-year movements
Years where Savings Rate, Percent per annum 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 |
|---|---|---|---|
| 1987 | +76.3% | 12.5 | 22.04 |
| 1980 | +50.0% | 5 | 7.5 |
| 1986 | +50.0% | 8.33 | 12.5 |
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 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 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 savings rate, percent per annum in Tanzania?
- Savings rate, percent per annum in Tanzania was 2.33 in 2020, according to International Monetary Fund.
- What is the highest savings rate, percent per annum recorded in Tanzania?
- The highest recorded value was 26 in 1989.
- What is the lowest savings rate, percent per annum recorded in Tanzania?
- The lowest recorded value was 2.33 in 2020.
- How does Tanzania rank for savings rate, percent per annum?
- Tanzania ranks 24th out of 63 countries with data for 2020.
- Is savings rate, percent per annum rising or falling in Tanzania?
- Over the last ten years it is down 13.6%. The long-run trend across the full record is volatile.
- Where does this 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.