Current account balance as a proportion of GDP in United Republic of Tanzania
United Republic of Tanzania: Current account balance as a proportion of GDP was -3.0% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in United Republic of Tanzania, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
United Republic of Tanzania recorded -3.0% for current account balance as a proportion of gdp in 2024.
Compared with earlier readings it is up 19.4% on the previous year and up 69.7% over ten years.
Over the whole period, current account balance as a proportion of gdp in United Republic of Tanzania peaked at -0.3% in 2002 and was at its lowest, -12.6%, in 2011.
That places United Republic of Tanzania 129th out of 204 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP in United Republic of Tanzania, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -3.2% | — |
| 2001 | -4.2% | +29.7% |
| 2002 | -0.3% | -92.2% |
| 2003 | -1.1% | +253.4% |
| 2004 | -2.9% | +153.2% |
| 2005 | -5.9% | +104.9% |
| 2006 | -5.9% | -0.3% |
| 2007 | -7.8% | +32.5% |
| 2008 | -9.2% | +17.6% |
| 2009 | -6.2% | -33.2% |
| 2010 | -6.9% | +12.2% |
| 2011 | -12.6% | +83.0% |
| 2012 | -9.5% | -24.9% |
| 2013 | -10.9% | +15.1% |
| 2014 | -10.0% | -8.7% |
| 2015 | -5.5% | -44.6% |
| 2016 | -2.4% | -55.7% |
| 2017 | -2.8% | +13.4% |
| 2018 | -4.1% | +46.0% |
| 2019 | -2.2% | -45.8% |
| 2020 | -2.2% | +0.5% |
| 2021 | -3.4% | +52.2% |
| 2022 | -7.2% | +115.4% |
| 2023 | -3.7% | -48.2% |
| 2024 | -3.0% | -19.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.7% | -9.2% | -0.3% | 10 |
| 2010s | -6.7% | -12.6% | -2.2% | 10 |
| 2020s | -3.9% | -7.2% | -2.2% | 5 |
Countries ranked near United Republic of Tanzania
- 126 Bolivia (Plurinational State of) -2.6% compare
- 127 Iceland -2.6% compare
- 128 Kazakhstan -2.7% compare
- 130 Brazil -3.0% compare
- 131 Dominican Republic -3.4% compare
- 132 Venezuela (Bolivarian Republic of) -3.4% compare
More economy & growth data for United Republic of Tanzania
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 45.11 % (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, annual 5.25 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate -2.58 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 5.28 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 5.28 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency 211.61 million million SLC (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 5.28 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency 5.25 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 45.11 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ -2.58 % (2024)
Frequently asked questions
- What is current account balance as a proportion of gdp in United Republic of Tanzania?
- Current account balance as a proportion of gdp in United Republic of Tanzania was -3.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in United Republic of Tanzania?
- The highest recorded value was -0.3% in 2002.
- What is the lowest current account balance as a proportion of gdp recorded in United Republic of Tanzania?
- The lowest recorded value was -12.6% in 2011.
- How does United Republic of Tanzania rank for current account balance as a proportion of gdp?
- United Republic of Tanzania ranks 129th out of 204 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in United Republic of Tanzania?
- Over the last ten years it is up 69.7%. The long-run trend across the full record is volatile.
- Where does this United Republic of Tanzania data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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