Gross savings (current US$) in Tanzania
Tanzania: Gross savings (current US$) was 28.93 billion current US$ in 2024. ◆ Volatile
Gross savings in Tanzania, 1990–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, gross savings in Tanzania stood at 28.93 billion current US$. That is the highest value across all 35 years on record.
The figure is up 1.2% on the previous year and up 136.4% over ten years.
Over the whole period, gross savings in Tanzania peaked at 28.93 billion current US$ in 2024 and was at its lowest, 1.89 billion current US$, in 1999.
Tanzania ranks 63rd of 178 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings (current US$) in Tanzania, year by year
| Year | current US$ | Change |
|---|---|---|
| 1990 | 2.28 billion current US$ | — |
| 1991 | 2.50 billion current US$ | +9.7% |
| 1992 | 2.40 billion current US$ | -3.9% |
| 1993 | 2.14 billion current US$ | -10.8% |
| 1994 | 2.19 billion current US$ | +2.5% |
| 1995 | 2.88 billion current US$ | +31.5% |
| 1996 | 3.65 billion current US$ | +26.6% |
| 1997 | 4.32 billion current US$ | +18.3% |
| 1998 | 2.20 billion current US$ | -49.2% |
| 1999 | 1.89 billion current US$ | -13.9% |
| 2000 | 2.29 billion current US$ | +21.2% |
| 2001 | 2.32 billion current US$ | +1.2% |
| 2002 | 2.92 billion current US$ | +25.8% |
| 2003 | 3.44 billion current US$ | +18.0% |
| 2004 | 4.22 billion current US$ | +22.6% |
| 2005 | 4.67 billion current US$ | +10.6% |
| 2006 | 5.13 billion current US$ | +10.0% |
| 2007 | 5.78 billion current US$ | +12.7% |
| 2008 | 8.20 billion current US$ | +41.8% |
| 2009 | 8.63 billion current US$ | +5.2% |
| 2010 | 8.03 billion current US$ | -7.0% |
| 2011 | 7.83 billion current US$ | -2.5% |
| 2012 | 8.82 billion current US$ | +12.6% |
| 2013 | 10.59 billion current US$ | +20.1% |
| 2014 | 12.24 billion current US$ | +15.6% |
| 2015 | 12.18 billion current US$ | -0.4% |
| 2016 | 14.86 billion current US$ | +22.0% |
| 2017 | 16.31 billion current US$ | +9.7% |
| 2018 | 18.08 billion current US$ | +10.8% |
| 2019 | 19.88 billion current US$ | +10.0% |
| 2020 | 24.07 billion current US$ | +21.1% |
| 2021 | 26.18 billion current US$ | +8.8% |
| 2022 | 27.11 billion current US$ | +3.5% |
| 2023 | 28.57 billion current US$ | +5.4% |
| 2024 | 28.93 billion current US$ | +1.2% |
Tanzania compared with similar countries
- Tanzania's 28.93 billion current US$ is above the median for lower middle income countries, which is 4.69 billion current US$, 6.2× the median. (45 countries reporting)
- Tanzania's 28.93 billion current US$ is above the median for Sub-Saharan Africa, which is 3.44 billion current US$, 8.4× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.64 billion current US$ | 1.89 billion current US$ | 4.32 billion current US$ | 10 |
| 2000s | 4.76 billion current US$ | 2.29 billion current US$ | 8.63 billion current US$ | 10 |
| 2010s | 12.88 billion current US$ | 7.83 billion current US$ | 19.88 billion current US$ | 10 |
| 2020s | 26.97 billion current US$ | 24.07 billion current US$ | 28.93 billion current US$ | 5 |
Countries ranked near Tanzania
- 60 Egypt 29.69 billion current US$ compare
- 61 Dominican Republic 29.66 billion current US$ compare
- 62 Ethiopia 29.46 billion current US$ compare
- 64 Panama 28.55 billion current US$ compare
- 65 Guatemala 26.48 billion current US$ compare
- 66 Democratic Republic of Congo 26.12 billion current US$ compare
More economy & growth data for Tanzania
- Real gdp growth, annual growth rate 10.4 % change on previous year (2023)
- 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)
- SDRs holdings, US dollar, annual growth rate -55.52 % change on previous year (2024)
- SDRs holdings, US dollar, per unit of GDP 0.0011 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1.44 units per person (2025)
- SDRs holdings, SDR, annual growth rate -54.24 % change on previous year (2024)
- SDRs holdings, SDR, per unit of GDP 0.0008 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1.05 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Tanzania?
- Gross savings in Tanzania was 28.93 billion current US$ 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 28.93 billion current US$ in 2024.
- What is the lowest gross savings recorded in Tanzania?
- The lowest recorded value was 1.89 billion current US$ in 1999.
- How does Tanzania rank for gross savings?
- Tanzania ranks 63rd out of 178 countries with data for 2024.
- Is gross savings rising or falling in Tanzania?
- Over the last ten years it is up 136.4%. 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 US$). Statizoid updates them automatically from the source API.
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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 indicator is expressed in United States dollars.