Personal remittances, received in Tanzania
Tanzania: Personal remittances, received was 1.12 billion current US$ in 2024. ◆ Volatile
Personal remittances, received in Tanzania, 1978–2024
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
In 2024, personal remittances, received in Tanzania stood at 1.12 billion current US$.
Compared with earlier readings it is down 9.3% on the previous year and up 188.4% over ten years.
Over the whole period, personal remittances, received in Tanzania peaked at 1.24 billion current US$ in 2023 and was at its lowest, 129,667 current US$, in 1978.
That places Tanzania 91st out of 197 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received in Tanzania, year by year
| Year | current US$ | Change |
|---|---|---|
| 1978 | 129,667 current US$ | — |
| 1995 | 840,348 current US$ | +548.1% |
| 1996 | 19.32 million current US$ | +2198.8% |
| 1997 | 1.59 million current US$ | -91.8% |
| 1998 | 11.50 million current US$ | +625.0% |
| 1999 | 7.20 million current US$ | -37.4% |
| 2000 | 8.00 million current US$ | +11.1% |
| 2001 | 15.25 million current US$ | +90.7% |
| 2002 | 12.00 million current US$ | -21.3% |
| 2003 | 8.90 million current US$ | -25.8% |
| 2004 | 13.80 million current US$ | +55.0% |
| 2005 | 19.37 million current US$ | +40.4% |
| 2006 | 15.38 million current US$ | -20.6% |
| 2007 | 25.46 million current US$ | +65.5% |
| 2008 | 36.82 million current US$ | +44.6% |
| 2009 | 39.83 million current US$ | +8.2% |
| 2010 | 344.29 million current US$ | +764.5% |
| 2011 | 409.56 million current US$ | +19.0% |
| 2012 | 390.14 million current US$ | -4.7% |
| 2013 | 381.93 million current US$ | -2.1% |
| 2014 | 389.49 million current US$ | +2.0% |
| 2015 | 387.77 million current US$ | -0.4% |
| 2016 | 402.53 million current US$ | +3.8% |
| 2017 | 402.63 million current US$ | +0.0% |
| 2018 | 412.91 million current US$ | +2.6% |
| 2019 | 433.50 million current US$ | +5.0% |
| 2020 | 326.16 million current US$ | -24.8% |
| 2021 | 558.43 million current US$ | +71.2% |
| 2022 | 703.75 million current US$ | +26.0% |
| 2023 | 1.24 billion current US$ | +75.9% |
| 2024 | 1.12 billion current US$ | -9.3% |
Tanzania compared with similar countries
- Tanzania's 1.12 billion current US$ is above the median for lower middle income countries, which is 1.12 billion current US$, 1.0× the median. (47 countries reporting)
- Tanzania's 1.12 billion current US$ is above the median for Sub-Saharan Africa, which is 406.26 million current US$, 2.8× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Personal remittances, received in Tanzania changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1996 | +2198.8% | 840,348 current US$ | 19.32 million current US$ |
| 2010 | +764.5% | 39.83 million current US$ | 344.29 million current US$ |
| 1998 | +625.0% | 1.59 million current US$ | 11.50 million current US$ |
| 1995 | +548.1% | 129,667 current US$ | 840,348 current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 129,667 current US$ | 129,667 current US$ | 129,667 current US$ | 1 |
| 1990s | 8.09 million current US$ | 840,348 current US$ | 19.32 million current US$ | 5 |
| 2000s | 19.48 million current US$ | 8.00 million current US$ | 39.83 million current US$ | 10 |
| 2010s | 395.48 million current US$ | 344.29 million current US$ | 433.50 million current US$ | 10 |
| 2020s | 789.90 million current US$ | 326.16 million current US$ | 1.24 billion current US$ | 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$), annual growth rate -14.24 % change on previous year (2018)
Frequently asked questions
- What is personal remittances, received in Tanzania?
- Personal remittances, received in Tanzania was 1.12 billion current US$ in 2024, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, received recorded in Tanzania?
- The highest recorded value was 1.24 billion current US$ in 2023.
- What is the lowest personal remittances, received recorded in Tanzania?
- The lowest recorded value was 129,667 current US$ in 1978.
- How does Tanzania rank for personal remittances, received?
- Tanzania ranks 91st out of 197 countries with data for 2024.
- Is personal remittances, received rising or falling in Tanzania?
- Over the last ten years it is up 188.4%. The long-run trend across the full record is volatile.
- Where does this Tanzania data come from?
- The figures come from IMF balance of payments data, International Monetary Fund (IMF), published as part of Personal remittances, received (current US$). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.