Gross savings in Tanzania, United Republic of
Tanzania, United Republic of: Gross savings was 37.4% in 2024. ▲ Rising
Gross savings in Tanzania, United Republic of, 1990–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
The most recent figure for gross savings in Tanzania, United Republic of is 37.4%, measured in 2024.
The figure is up 1.5% on the previous year and up 51.2% over ten years.
Over the whole period, gross savings in Tanzania, United Republic of peaked at 39.1% in 1997 and was at its lowest, 15.1%, in 1999.
That places Tanzania, United Republic of 16th out of 178 countries with data for 2024, putting it in the top 10%.
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 GNI | Change |
|---|---|---|
| 1990 | 38.0% | — |
| 1991 | 35.6% | -6.2% |
| 1992 | 36.9% | +3.7% |
| 1993 | 35.5% | -3.8% |
| 1994 | 34.3% | -3.5% |
| 1995 | 38.4% | +12.1% |
| 1996 | 39.0% | +1.4% |
| 1997 | 39.1% | +0.4% |
| 1998 | 18.2% | -53.5% |
| 1999 | 15.1% | -17.2% |
| 2000 | 17.3% | +14.7% |
| 2001 | 17.5% | +1.3% |
| 2002 | 20.8% | +18.7% |
| 2003 | 22.9% | +10.2% |
| 2004 | 25.6% | +11.9% |
| 2005 | 25.8% | +0.8% |
| 2006 | 27.6% | +6.8% |
| 2007 | 26.8% | -2.9% |
| 2008 | 29.6% | +10.7% |
| 2009 | 29.6% | -0.1% |
| 2010 | 25.5% | -13.8% |
| 2011 | 23.0% | -9.9% |
| 2012 | 22.6% | -2.0% |
| 2013 | 23.6% | +4.4% |
| 2014 | 24.7% | +5.0% |
| 2015 | 26.1% | +5.5% |
| 2016 | 30.4% | +16.7% |
| 2017 | 31.2% | +2.4% |
| 2018 | 32.1% | +2.9% |
| 2019 | 33.1% | +3.3% |
| 2020 | 37.1% | +12.1% |
| 2021 | 37.7% | +1.5% |
| 2022 | 36.5% | -3.3% |
| 2023 | 36.9% | +1.1% |
| 2024 | 37.4% | +1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 33.0% | 15.1% | 39.1% | 10 |
| 2000s | 24.3% | 17.3% | 29.6% | 10 |
| 2010s | 27.2% | 22.6% | 33.1% | 10 |
| 2020s | 37.1% | 36.5% | 37.7% | 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 (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 gross savings in Tanzania, United Republic of?
- Gross savings in Tanzania, United Republic of was 37.4% 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 39.1% in 1997.
- What is the lowest gross savings recorded in Tanzania, United Republic of?
- The lowest recorded value was 15.1% in 1999.
- How does Tanzania, United Republic of rank for gross savings?
- Tanzania, United Republic of ranks 16th 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 51.2%. The long-run trend across the full record is rising.
- Where does this Tanzania, United Republic of data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GNI). 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 National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.