Current account balance in Tanzania, United Republic of
Tanzania, United Republic of: Current account balance was -3.0% in 2024. ◆ Volatile
Current account balance in Tanzania, United Republic of, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Tanzania, United Republic of recorded -3.0% for current account balance in 2024.
Compared with earlier readings it is up 19.8% on the previous year and up 69.9% over ten years.
Over the whole period, current account balance in Tanzania, United Republic of peaked at -0.3% in 2002 and was at its lowest, -14.5%, in 1993.
That places Tanzania, United Republic of 118th out of 200 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 in Tanzania, United Republic of, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | -0.4% | — |
| 1977 | -0.8% | +101.0% |
| 1978 | -5.0% | +499.4% |
| 1979 | -3.5% | -30.0% |
| 1980 | -4.6% | +29.7% |
| 1981 | -3.1% | -32.4% |
| 1982 | -3.8% | +21.6% |
| 1983 | -2.2% | -42.3% |
| 1984 | -2.8% | +28.3% |
| 1985 | -2.4% | -12.0% |
| 1986 | -3.0% | +21.0% |
| 1987 | -5.2% | +75.8% |
| 1988 | -4.8% | -7.5% |
| 1989 | -5.2% | +8.4% |
| 1990 | -9.0% | +73.1% |
| 1991 | -10.2% | +13.4% |
| 1992 | -10.7% | +4.3% |
| 1993 | -14.5% | +35.4% |
| 1994 | -9.7% | -32.8% |
| 1995 | -7.7% | -20.6% |
| 1996 | -4.4% | -43.4% |
| 1997 | -3.9% | -10.7% |
| 1998 | -5.8% | +48.0% |
| 1999 | -6.1% | +5.7% |
| 2000 | -3.2% | -47.6% |
| 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% | -19.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -2.5% | -5.0% | -0.4% | 4 |
| 1980s | -3.7% | -5.2% | -2.2% | 10 |
| 1990s | -8.2% | -14.5% | -3.9% | 10 |
| 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 Tanzania, United Republic of
More economy & growth data for Tanzania, United Republic of
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.67 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.5 Percent per annum (2029)
- Final consumption expenditure (constant 2015 US$), per capita 711.3 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 13.38 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 1.01 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 1,291 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 10.89 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 2,566 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 3.28 million current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 6.94 % change on previous year (2025)
Frequently asked questions
- What is current account balance in Tanzania, United Republic of?
- Current account balance in Tanzania, United Republic of was -3.0% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Tanzania, United Republic of?
- The highest recorded value was -0.3% in 2002.
- What is the lowest current account balance recorded in Tanzania, United Republic of?
- The lowest recorded value was -14.5% in 1993.
- How does Tanzania, United Republic of rank for current account balance?
- Tanzania, United Republic of ranks 118th out of 200 countries with data for 2024.
- Is current account balance rising or falling in Tanzania, United Republic of?
- Over the last ten years it is up 69.9%. The long-run trend across the full record is volatile.
- Where does this Tanzania, United Republic of data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.