Gross national savings — all countries

Gross national savings — Tanzania

Gross national savings in Tanzania in 2024 — 36.5%. Ranked 13 in the world out of 146. Since 1990, the indicator has fallen by 0.3 pp.

2024 36.5% +0.4 pp vs 2023
World rank 13of 146
Period maximum 38.7%1997
Period minimum 14.9%1999

Trend over time

1990–2024 · % of GDP

Gross national savings — Tanzania, 1990–20241020304019901994199820022006201020142018202220241990: 36.8%1991: 34.7%1992: 35.9%1993: 34.6%1994: 33.5%1995: 37.8%1996: 38.7%1997: 38.7%1998: 18%1999: 14.9%2000: 17.1%2001: 17.1%2002: 20.6%2003: 22.6%2004: 25.3%2005: 25.4%2006: 27.6%2007: 26.5%2008: 29.3%2009: 29.3%2010: 25.1%2011: 22.6%2012: 22.2%2013: 23.2%2014: 24.5%2015: 25.7%2016: 29.9%2017: 30.6%2018: 31.7%2019: 32.6%2020: 36.4%2021: 37.1%2022: 35.8%2023: 36.2%2024: 36.5%
Change over the period: −0.3 pp Annual average: -0.01 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Tanzania

Tanzania 36.5%
World 26.1%
Sub-Saharan Africa computed 17.6%
Eastern Africa computed 20.5%
Gross national savings — Tanzania, by year Tanzania All countries CSV XLSX
Year % Change, pp
2024 36.5 +0.4 pp
2023 36.2 +0.4 pp
2022 35.8 −1.3 pp
2021 37.1 +0.6 pp
2020 36.4 +3.9 pp
2019 32.6 +0.9 pp
2018 31.7 +1.1 pp
2017 30.6 +0.8 pp
2016 29.9 +4.2 pp
2015 25.7 +1.2 pp
2014 24.5 +1.3 pp
2013 23.2 +1 pp
2012 22.2 −0.3 pp
2011 22.6 −2.5 pp
2010 25.1 −4.3 pp
2009 29.3 +0 pp
2008 29.3 +2.9 pp
2007 26.5 −1.1 pp
2006 27.6 +2.2 pp
2005 25.4 +0.1 pp
2004 25.3 +2.7 pp
2003 22.6 +2 pp
2002 20.6 +3.5 pp
2001 17.1 −0 pp
2000 17.1 +2.3 pp
1999 14.9 −3.2 pp
1998 18 −20.7 pp
1997 38.7 +0 pp
1996 38.7 +0.9 pp
1995 37.8 +4.3 pp
1994 33.5 −1.1 pp
1993 34.6 −1.3 pp
1992 35.9 +1.2 pp
1991 34.7 −2.1 pp
1990 36.8

About the indicator

Gross national savings as a percent of GDP — what is left of national income after all consumption, private and public. Savings and capital formation differ by the balance of external transactions: a country that saves more than it invests at home exports capital, and one that invests more than it saves imports it. Hence the stable link with the current account balance, which is exactly what this indicator makes visible.

Important: The difference between savings and capital formation is approximately equal to the current account balance — that is an identity of the national accounts, not a coincidence.

Source: World Development Indicators (World Bank), license CC BY 4.0.