Financial and insurance activities (banking), value added in Tanzania, United Republic of
Tanzania, United Republic of: Financial and insurance activities (banking), value added was 141.75 billion constant LCU in 2011. ▲ Rising
Financial and insurance activities (banking), value added in Tanzania, United Republic of, 1990–2011
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in constant LCU.
Analysis
In 2011, financial and insurance activities (banking), value added in Tanzania, United Republic of stood at 141.75 billion constant LCU. That is the highest value across all 22 years on record.
Compared with earlier readings it is up 9.9% on the previous year and up 136.2% over ten years.
Over the whole period, financial and insurance activities (banking), value added in Tanzania, United Republic of peaked at 141.75 billion constant LCU in 2011 and was at its lowest, 35.44 billion constant LCU, in 1994.
Tanzania, United Republic of ranks 3rd of 31 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 22 years of available data.
Financial and insurance activities (banking), value added in Tanzania, United Republic of, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1990 | 57.06 billion constant LCU | — |
| 1991 | 54.52 billion constant LCU | -4.5% |
| 1992 | 56.08 billion constant LCU | +2.9% |
| 1993 | 47.29 billion constant LCU | -15.7% |
| 1994 | 35.44 billion constant LCU | -25.0% |
| 1995 | 45.15 billion constant LCU | +27.4% |
| 1996 | 64.17 billion constant LCU | +42.1% |
| 1997 | 45.76 billion constant LCU | -28.7% |
| 1998 | 46.81 billion constant LCU | +2.3% |
| 1999 | 49.12 billion constant LCU | +4.9% |
| 2000 | 52.95 billion constant LCU | +7.8% |
| 2001 | 60.00 billion constant LCU | +13.3% |
| 2002 | 67.11 billion constant LCU | +11.8% |
| 2003 | 73.49 billion constant LCU | +9.5% |
| 2004 | 77.84 billion constant LCU | +5.9% |
| 2005 | 85.20 billion constant LCU | +9.4% |
| 2006 | 90.71 billion constant LCU | +6.5% |
| 2007 | 92.99 billion constant LCU | +2.5% |
| 2008 | 105.42 billion constant LCU | +13.4% |
| 2009 | 115.35 billion constant LCU | +9.4% |
| 2010 | 128.99 billion constant LCU | +11.8% |
| 2011 | 141.75 billion constant LCU | +9.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 50.14 billion constant LCU | 35.44 billion constant LCU | 64.17 billion constant LCU | 10 |
| 2000s | 82.11 billion constant LCU | 52.95 billion constant LCU | 115.35 billion constant LCU | 10 |
| 2010s | 135.37 billion constant LCU | 128.99 billion constant LCU | 141.75 billion constant LCU | 2 |
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)
- Gross capital formation (constant 2015 US$), annual growth rate 9.51 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.3666 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 468.46 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 5.39 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.1999 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 255.39 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 3.08 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 507.87 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is financial and insurance activities (banking), value added in Tanzania, United Republic of?
- Financial and insurance activities (banking), value added in Tanzania, United Republic of was 141.75 billion constant LCU in 2011, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest financial and insurance activities (banking), value added recorded in Tanzania, United Republic of?
- The highest recorded value was 141.75 billion constant LCU in 2011.
- What is the lowest financial and insurance activities (banking), value added recorded in Tanzania, United Republic of?
- The lowest recorded value was 35.44 billion constant LCU in 1994.
- How does Tanzania, United Republic of rank for financial and insurance activities (banking), value added?
- Tanzania, United Republic of ranks 3rd out of 31 countries with data for 2011.
- Is financial and insurance activities (banking), value added rising or falling in Tanzania, United Republic of?
- Over the last ten years it is up 136.2%. The long-run trend across the full record is rising.
- Where does this Tanzania, United Republic of data come from?
- The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of Financial and insurance activities (banking), value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Value added in banking is defined as the value of output of the banking industry less the value of intermediate consumption (intermediate inputs). Banking is a subset of services, comprising financial intermediation (ISIC 65-67). Data are in constant local currency.