Tanzania's net secondary income (current US$, BoP) was US$529.92 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 11.03% from US$477.29 million in 2014 (1.05% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$529.92 million | 2024 |
| Five years earlier | US$418.52 million | 2019 |
| Ten years earlier | US$477.29 million | 2014 |
| Highest | US$1.05 billion | 2010 |
| Lowest | US$62.14 million | 1976 |
| Average since 2015 | US$496.83 million | 2015–2024 |
| First recorded | US$62.14 million |
What the numbers say
In 2024, Tanzania's net secondary income (current US$, BoP) fell 27.7% on 2023 (from US$732.49 million to US$529.92 million).
Across the 30 yearly changes before that (1994 to 2023), the average change was +4.7% and a typical year strayed about 26.6% from that (the standard deviation). This year's change was 1.2 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 129.8% in 1985 and the biggest yearly fall was 48.8% in 2001. 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 US$24.99 million a year. A straight line explains 47% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Tanzania had the 14th highest value of the 29 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Tanzania in the 2024 ranking
What this measures
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Limitations: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.
All 49 values
| Year | Net secondary income (current US$, BoP) |
|---|---|
| 2024 | 529,920,696 |
| 2023 | 732,486,093 |
| 2022 | 599,289,164 |
| 2021 | 553,735,073 |
| 2020 | 401,242,828 |
| 2019 | 418,515,295 |
| 2018 | 468,531,631 |
| 2017 | 401,978,334 |
| 2016 | 382,712,032 |
| 2015 | 479,933,398 |
| 2014 |
Net secondary income (current US$, BoP) in nearby economies
- Angola — −US$399.46 million (2025)
- Benin — US$258.86 million (2023)
- Botswana — US$1.81 billion (2025)
- Burkina Faso — US$769.8 million (2024)
- Burundi — US$505.67 million (2025)
- Cabo Verde — US$501.52 million (2025)
- Cameroon — US$941.82 million (2024)
- Comoros — US$323.58 million (2023)
- Congo, Dem. Rep. — US$975.88 million (2025)
- Congo, Rep. — US$101.7 million (2021)
More economic policy & debt data for Tanzania
- GDP (current US$) — 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$88.07 billion (2025)
- GNI (current LCU) — 223.78 trillion (2025)
- GNI per capita (current LCU) — 3.27 million (2025)
Reading data like this
Questions people ask
- What is Tanzania's net secondary income (current US$, BoP)?
- US$529.92 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1976?
- It is up 752.72% from US$62.14 million in 1976 (4.57% a year on average, compounded). The highest value was US$1.05 billion in 2010 and the lowest US$62.14 million in 1976.
- How does Tanzania rank?
- 14th highest of 29 economies with data for 2024.
- Is the latest change in net secondary income (current US$, BoP) unusual for Tanzania?
- In 2024, Tanzania's net secondary income (current US$, BoP) fell 27.7% on 2023 (from US$732.49 million to US$529.92 million). Across the 30 yearly changes before that (1994 to 2023), the average change was +4.7% and a typical year strayed about 26.6% from that (the standard deviation). This year's change was 1.2 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator BN.TRF.CURR.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in