Financial and insurance activities (banking), value added in Tanzania
Tanzania: Financial and insurance activities (banking), value added was 233.93 billion current LCU in 2011. ◆ Volatile
Financial and insurance activities (banking), value added in Tanzania, 1990–2011
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in current LCU.
Analysis
The most recent figure for financial and insurance activities (banking), value added in Tanzania is 233.93 billion current LCU, measured in 2011. That is the highest value across all 22 years on record.
Compared with earlier readings it is up 11.5% on the previous year and up 289.9% over ten years.
Over the whole period, financial and insurance activities (banking), value added in Tanzania peaked at 233.93 billion current LCU in 2011 and was at its lowest, 13.31 billion current LCU, in 1998.
That places Tanzania 5th out of 36 countries with data for 2011, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Financial and insurance activities (banking), value added in Tanzania, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 13.34 billion current LCU | — |
| 1991 | 15.97 billion current LCU | +19.7% |
| 1992 | 15.22 billion current LCU | -4.7% |
| 1993 | 17.23 billion current LCU | +13.2% |
| 1994 | 35.66 billion current LCU | +107.0% |
| 1995 | 57.08 billion current LCU | +60.1% |
| 1996 | 72.43 billion current LCU | +26.9% |
| 1997 | 110.59 billion current LCU | +52.7% |
| 1998 | 13.31 billion current LCU | -88.0% |
| 1999 | 28.31 billion current LCU | +112.6% |
| 2000 | 42.26 billion current LCU | +49.3% |
| 2001 | 60.00 billion current LCU | +42.0% |
| 2002 | 89.31 billion current LCU | +48.9% |
| 2003 | 99.38 billion current LCU | +11.3% |
| 2004 | 108.78 billion current LCU | +9.5% |
| 2005 | 123.54 billion current LCU | +13.6% |
| 2006 | 130.07 billion current LCU | +5.3% |
| 2007 | 136.72 billion current LCU | +5.1% |
| 2008 | 143.70 billion current LCU | +5.1% |
| 2009 | 149.01 billion current LCU | +3.7% |
| 2010 | 209.77 billion current LCU | +40.8% |
| 2011 | 233.93 billion current LCU | +11.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 37.91 billion current LCU | 13.31 billion current LCU | 110.59 billion current LCU | 10 |
| 2000s | 108.28 billion current LCU | 42.26 billion current LCU | 149.01 billion current LCU | 10 |
| 2010s | 221.85 billion current LCU | 209.77 billion current LCU | 233.93 billion current LCU | 2 |
Countries ranked near Tanzania
- 2 Sierra Leone 599.69 billion current LCU compare
- 3 South Africa 565.22 billion current LCU compare
- 4 Kenya 262.69 billion current LCU compare
- 6 Senegal 165.55 billion current LCU compare
- 7 Madagascar 146.43 billion current LCU compare
- 8 Burundi 126.61 billion current LCU compare
More economy & growth data for Tanzania
- 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)
- Manufacturing, value added (constant LCU), per capita 179,360 constant LCU per person (2023)
- Industry (including construction), value added (current US$), annual 18.61 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.2979 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 380.63 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 16.01 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 756.9 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 967,172 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 7.8 % change on previous year (2025)
Frequently asked questions
- What is financial and insurance activities (banking), value added in Tanzania?
- Financial and insurance activities (banking), value added in Tanzania was 233.93 billion current 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?
- The highest recorded value was 233.93 billion current LCU in 2011.
- What is the lowest financial and insurance activities (banking), value added recorded in Tanzania?
- The lowest recorded value was 13.31 billion current LCU in 1998.
- How does Tanzania rank for financial and insurance activities (banking), value added?
- Tanzania ranks 5th out of 36 countries with data for 2011.
- Is financial and insurance activities (banking), value added rising or falling in Tanzania?
- Over the last ten years it is up 289.9%. The long-run trend across the full record is volatile.
- Where does this Tanzania 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 current local currency.