Services balance (credit less debit), Net (credits less debits) in Tanzania, United Republic of
Tanzania, United Republic of: Services balance (credit less debit), Net (credits less debits) was 4.05 billion in 2024. ◆ Volatile
Services balance (credit less debit), Net (credits less debits) in Tanzania, United Republic of, 2005–2024
Source: International Monetary Fund.
Analysis
Tanzania, United Republic of recorded 4.05 billion for services balance (credit less debit), net (credits less debits) in 2024. That is the highest value across all 20 years on record.
That represents a change of up 5.6% on the previous year and up 441.9% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Tanzania, United Republic of peaked at 4.05 billion in 2024 and was at its lowest, 61.84 million, in 2005.
That places Tanzania, United Republic of 34th out of 197 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services balance (credit less debit), Net (credits less debits) in Tanzania, United Republic of, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 61.84 million | — |
| 2006 | 278.72 million | +350.7% |
| 2007 | 462.06 million | +65.8% |
| 2008 | 336.91 million | -27.1% |
| 2009 | 132.69 million | -60.6% |
| 2010 | 156.87 million | +18.2% |
| 2011 | 92.25 million | -41.2% |
| 2012 | 427.53 million | +363.5% |
| 2013 | 713.18 million | +66.8% |
| 2014 | 747.69 million | +4.8% |
| 2015 | 816.51 million | +9.2% |
| 2016 | 1.58 billion | +93.4% |
| 2017 | 1.83 billion | +15.9% |
| 2018 | 2.09 billion | +14.1% |
| 2019 | 2.49 billion | +19.3% |
| 2020 | 864.74 million | -65.3% |
| 2021 | 1.51 billion | +74.7% |
| 2022 | 2.30 billion | +52.0% |
| 2023 | 3.84 billion | +67.0% |
| 2024 | 4.05 billion | +5.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 254.44 million | 61.84 million | 462.06 million | 5 |
| 2010s | 1.09 billion | 92.25 million | 2.49 billion | 10 |
| 2020s | 2.51 billion | 864.74 million | 4.05 billion | 5 |
Countries ranked near Tanzania, United Republic of
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)
- Total reserves (gold at national valuation) (SDR), per capita 63.21 SDR per person (2018)
Frequently asked questions
- What is services balance (credit less debit), net (credits less debits) in Tanzania, United Republic of?
- Services balance (credit less debit), net (credits less debits) in Tanzania, United Republic of was 4.05 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Tanzania, United Republic of?
- The highest recorded value was 4.05 billion in 2024.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Tanzania, United Republic of?
- The lowest recorded value was 61.84 million in 2005.
- How does Tanzania, United Republic of rank for services balance (credit less debit), net (credits less debits)?
- Tanzania, United Republic of ranks 34th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Tanzania, United Republic of?
- Over the last ten years it is up 441.9%. The long-run trend across the full record is volatile.
- Where does this Tanzania, United Republic of data come from?
- The figures come from International Monetary Fund, published as part of Services balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.