Tanzania: Gross savings (% of GNI)

Key figures

What the numbers say

In 2024, Tanzania's gross savings (% of GNI) rose 0.54 percentage points on 2023 (from 36.85% to 37.4%).

Across the 30 yearly changes before that (1994 to 2023), the average change was +0.04 percentage points and a typical year strayed about 4.45 percentage points from that (the standard deviation). This year's change was 0.1 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 4.34 percentage points in 2016 and the biggest yearly fall was 20.95 percentage points in 1998. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 1.18 percentage points a year. A straight line explains 83% of the movement over 10 observed years.

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

How it compares

In 2024, Tanzania had the 5th highest value of the 48 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Tanzania in the 2024 ranking

• Macao SAR, China — 1st of 48: 48.4%
• Bermuda — 2nd of 48: 44.22%
• China — 3rd of 48: 43.01%
• Kuwait — 5th of 48: 36.6%
• Zambia — 6th of 48: 36.08%
• Bahrain — 7th of 48: 35.93%

What this measures

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.

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

All 35 values

Gross savings (% of GNI) in nearby economies

• Angola — 16.96% (2024)
• Benin — 30.55% (2023)
• Botswana — 29.3% (2025)
• Burkina Faso — 16.88% (2024)
• Burundi — 43.16% (2025)
• Cabo Verde — 21.42% (2025)
• Cameroon — 15.87% (2024)
• Comoros — 11.99% (2023)
• Congo, Dem. Rep. — 29.79% (2025)
• Congo, Rep. — 35.62% (2021)
• Côte d'Ivoire — 17.94% (2024)
• Eswatini

More economic policy & debt data for Tanzania

• GDP (current US$) — US$90.14 billion (2025)
• GDP (current LCU) — 229.06 trillion (2025)
• GDP (constant 2015 US$) — US$78.82 billion (2025)
• GDP (constant LCU) — 156.85 trillion (2025)
• GDP per capita (current US$) — US$1,319 (2025)
• GDP per capita (current LCU) — 3.35 million (2025)
• GDP per capita (constant 2015 US$) — US$1,153 (2025)
• GDP per capita (constant LCU) — 2.29 million (2025)
• GNI (current US$) — US$88.07 billion (2025)
• GNI (current LCU) — 223.78 trillion (2025)
• GNI per capita (current LCU) — 3.27 million (2025)

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Questions people ask

What is Tanzania's gross savings (% of GNI)?

37.4% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is down 0.57 percentage points from 37.96% in 1990. The highest value was 39.14% in 1997 and the lowest 15.06% in 1999.

How does Tanzania rank?

5th highest of 48 economies with data for 2024.

Is the latest change in gross savings (% of GNI) unusual for Tanzania?

In 2024, Tanzania's gross savings (% of GNI) rose 0.54 percentage points on 2023 (from 36.85% to 37.4%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.04 percentage points and a typical year strayed about 4.45 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NY.GNS.ICTR.GN.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) 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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