Gross savings in Tanzania, United Republic of
Tanzania, United Republic of: Gross savings was 36.5% in 2024. ▲ Rising
Gross savings in Tanzania, United Republic of, 1990–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Tanzania, United Republic of recorded 36.5% for gross savings in 2024.
Compared with earlier readings it is up 1.0% on the previous year and up 49.1% over ten years.
Over the whole period, gross savings in Tanzania, United Republic of peaked at 38.7% in 1997 and was at its lowest, 14.9%, in 1999.
That places Tanzania, United Republic of 20th out of 178 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 35 years of available data.
Gross savings in Tanzania, United Republic of, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 36.8% | — |
| 1991 | 34.7% | -5.8% |
| 1992 | 35.9% | +3.5% |
| 1993 | 34.6% | -3.6% |
| 1994 | 33.5% | -3.2% |
| 1995 | 37.8% | +12.9% |
| 1996 | 38.7% | +2.4% |
| 1997 | 38.7% | +0.0% |
| 1998 | 18.0% | -53.4% |
| 1999 | 14.9% | -17.5% |
| 2000 | 17.1% | +15.2% |
| 2001 | 17.1% | -0.2% |
| 2002 | 20.6% | +20.8% |
| 2003 | 22.6% | +9.6% |
| 2004 | 25.3% | +11.8% |
| 2005 | 25.4% | +0.3% |
| 2006 | 27.6% | +8.7% |
| 2007 | 26.5% | -4.0% |
| 2008 | 29.3% | +10.9% |
| 2009 | 29.3% | +0.0% |
| 2010 | 25.1% | -14.6% |
| 2011 | 22.6% | -9.9% |
| 2012 | 22.2% | -1.5% |
| 2013 | 23.2% | +4.3% |
| 2014 | 24.5% | +5.6% |
| 2015 | 25.7% | +5.0% |
| 2016 | 29.9% | +16.2% |
| 2017 | 30.6% | +2.5% |
| 2018 | 31.7% | +3.6% |
| 2019 | 32.6% | +2.8% |
| 2020 | 36.4% | +11.8% |
| 2021 | 37.1% | +1.7% |
| 2022 | 35.8% | -3.4% |
| 2023 | 36.2% | +1.0% |
| 2024 | 36.5% | +1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 32.4% | 14.9% | 38.7% | 10 |
| 2000s | 24.1% | 17.1% | 29.3% | 10 |
| 2010s | 26.8% | 22.2% | 32.6% | 10 |
| 2020s | 36.4% | 35.8% | 37.1% | 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)
- Gross capital formation (current US$), annual growth rate 16.97 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.4068 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 519.83 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 14.41 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 1,034 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 1.32 million current LCU per person (2025)
- 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)
Frequently asked questions
- What is gross savings in Tanzania, United Republic of?
- Gross savings in Tanzania, United Republic of was 36.5% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Tanzania, United Republic of?
- The highest recorded value was 38.7% in 1997.
- What is the lowest gross savings recorded in Tanzania, United Republic of?
- The lowest recorded value was 14.9% in 1999.
- How does Tanzania, United Republic of rank for gross savings?
- Tanzania, United Republic of ranks 20th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Tanzania, United Republic of?
- Over the last ten years it is up 49.1%. The long-run trend across the full record is rising.
- Where does this Tanzania, United Republic of data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GDP). 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 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.