Gross savings in Tanzania
Tanzania: Gross savings was 75.15 trillion current LCU in 2024. ◆ Volatile
Gross savings in Tanzania, 1990–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Tanzania recorded 75.15 trillion current LCU for gross savings in 2024. That is the highest value across all 35 years on record.
That represents a change of up 10.4% on the previous year and up 271.7% over ten years.
Over the whole period, gross savings in Tanzania peaked at 75.15 trillion current LCU in 2024 and was at its lowest, 444.15 billion current LCU, in 1990.
Tanzania ranks 14th of 178 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Tanzania, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 444.15 billion current LCU | — |
| 1991 | 547.35 billion current LCU | +23.2% |
| 1992 | 714.35 billion current LCU | +30.5% |
| 1993 | 867.02 billion current LCU | +21.4% |
| 1994 | 1.12 trillion current LCU | +28.9% |
| 1995 | 1.66 trillion current LCU | +48.3% |
| 1996 | 2.12 trillion current LCU | +27.7% |
| 1997 | 2.64 trillion current LCU | +24.9% |
| 1998 | 1.46 trillion current LCU | -44.8% |
| 1999 | 1.41 trillion current LCU | -3.5% |
| 2000 | 1.83 trillion current LCU | +30.2% |
| 2001 | 2.03 trillion current LCU | +10.9% |
| 2002 | 2.82 trillion current LCU | +38.7% |
| 2003 | 3.57 trillion current LCU | +26.8% |
| 2004 | 4.59 trillion current LCU | +28.5% |
| 2005 | 5.27 trillion current LCU | +14.7% |
| 2006 | 6.43 trillion current LCU | +22.2% |
| 2007 | 7.19 trillion current LCU | +11.8% |
| 2008 | 9.81 trillion current LCU | +36.4% |
| 2009 | 11.27 trillion current LCU | +14.8% |
| 2010 | 11.20 trillion current LCU | -0.6% |
| 2011 | 12.19 trillion current LCU | +8.8% |
| 2012 | 13.86 trillion current LCU | +13.7% |
| 2013 | 16.92 trillion current LCU | +22.1% |
| 2014 | 20.22 trillion current LCU | +19.5% |
| 2015 | 24.24 trillion current LCU | +19.9% |
| 2016 | 32.35 trillion current LCU | +33.4% |
| 2017 | 36.35 trillion current LCU | +12.4% |
| 2018 | 40.92 trillion current LCU | +12.6% |
| 2019 | 45.50 trillion current LCU | +11.2% |
| 2020 | 55.22 trillion current LCU | +21.4% |
| 2021 | 60.16 trillion current LCU | +8.9% |
| 2022 | 62.43 trillion current LCU | +3.8% |
| 2023 | 68.09 trillion current LCU | +9.1% |
| 2024 | 75.15 trillion current LCU | +10.4% |
Tanzania compared with similar countries
- Tanzania's 75.15 trillion current LCU is above the median for lower middle income countries, which is 205.45 billion current LCU, 365.8× the median. (45 countries reporting)
- Tanzania's 75.15 trillion current LCU is above the median for Sub-Saharan Africa, which is 841.37 billion current LCU, 89.3× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.30 trillion current LCU | 444.15 billion current LCU | 2.64 trillion current LCU | 10 |
| 2000s | 5.48 trillion current LCU | 1.83 trillion current LCU | 11.27 trillion current LCU | 10 |
| 2010s | 25.38 trillion current LCU | 11.20 trillion current LCU | 45.50 trillion current LCU | 10 |
| 2020s | 64.21 trillion current LCU | 55.22 trillion current LCU | 75.15 trillion current LCU | 5 |
Countries ranked near Tanzania
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 2.26 million BoP, current US$ (2003)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0001 BoP, current US$ per US$ of GDP (2003)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.0609 BoP, current US$ per person (2003)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.72 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 4.16 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0217 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 25.05 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -14.24 % change on previous year (2018)
Frequently asked questions
- What is gross savings in Tanzania?
- Gross savings in Tanzania was 75.15 trillion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Tanzania?
- The highest recorded value was 75.15 trillion current LCU in 2024.
- What is the lowest gross savings recorded in Tanzania?
- The lowest recorded value was 444.15 billion current LCU in 1990.
- How does Tanzania rank for gross savings?
- Tanzania ranks 14th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Tanzania?
- Over the last ten years it is up 271.7%. The long-run trend across the full record is volatile.
- Where does this Tanzania data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.