Tanzania: Broad money (% of GDP)

Key figures

What the numbers say

In 2023, Tanzania's broad money (% of GDP) rose 1.25 percentage points on 2022 (from 22.11% to 23.36%).

Across the 30 yearly changes before that (1993 to 2022), the average change was +0.23 percentage points and a typical year strayed about 1.3 percentage points from that (the standard deviation). This year's change was 0.8 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 5.5 percentage points in 1970 and the biggest yearly fall was 3.3 percentage points in 1984. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

See how every economy compares in the full ranking.

Closest to Tanzania in the 2023 ranking

• Aruba — 3rd of 9: 83.32%
• Tajikistan — 4th of 9: 29.78%
• Congo, Rep. — 5th of 9: 28.4%
• Haiti — 7th of 9: 23.01%
• Equatorial Guinea — 8th of 9: 13.65%
• Zimbabwe — 9th of 9: 11.2%

What this measures

Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. 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.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 58 values

Broad money (% of GDP) in nearby economies

• Angola — 13.79% (2025)
• Benin — 29.58% (2025)
• Botswana — 44.1% (2024)
• Burkina Faso — 43.31% (2025)
• Burundi — 44.6% (2025)
• Cabo Verde — 94.18% (2025)
• Cameroon — 21.4% (2018)
• Central African Republic — 32.9% (2022)
• Chad — 15.98% (2021)
• Comoros — 36.1% (2025)
• Congo, Dem. Rep. — 17.64% (2025)
• Congo, Rep.

More financial sector data for Tanzania

• GDP deflator (base year varies by country) — 146.04 (2025)
• DEC alternative conversion factor (LCU per US$) — US$2,541 (2025)
• Domestic credit to private sector by banks (% of GDP) — 18.41% (2025)
• Monetary sector credit to private sector (% of GDP) — 18.45% (2025)
• Domestic credit to private sector (% of GDP) — 18.45% (2025)
• Inflation, GDP deflator (annual % growth) — 5.12% (2025)
• Official exchange rate (LCU per US$, period average) — US$2,598 (2024)
• Consumer price index (2010 = 100) — 231.54 (2025)
• Net domestic credit (current LCU) — 57.23 trillion (2025)

Reading data like this

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Questions people ask

What is Tanzania's broad money (% of GDP)?

23.36% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1966?

It is up 19.01 percentage points from 4.35% in 1966. The highest value was 24.65% in 2010 and the lowest 4.35% in 1966.

Is the latest change in broad money (% of GDP) unusual for Tanzania?

In 2023, Tanzania's broad money (% of GDP) rose 1.25 percentage points on 2022 (from 22.11% to 23.36%). Across the 30 yearly changes before that (1993 to 2022), the average change was +0.23 percentage points and a typical year strayed about 1.3 percentage points from that (the standard deviation). This year's change was 0.8 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD).

Source

World Bank, World Development Indicators, indicator FM.LBL.BMNY.GD.ZS, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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