Tanzania's net trade in goods and services (current US$, BoP) was −US$1.02 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 79.28% from −US$4.93 billion in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$1.02 billion | 2024 |
| Five years earlier | −US$745.03 million | 2019 |
| Ten years earlier | −US$4.93 billion | 2014 |
| Highest | −US$70.91 million | 1976 |
| Lowest | −US$5.06 billion | 2013 |
| Average since 2015 | −US$1.71 billion | 2015–2024 |
| First recorded | −US$70.91 million |
What the numbers say
In 2024, Tanzania's net trade in goods and services (current US$, BoP) rose US$1.17 billion on 2023 (from −US$2.2 billion to −US$1.02 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was −US$31.34 million and a typical year strayed about US$1.13 billion from that (the standard deviation). This year's change was 1.1 standard deviations above 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 US$2.56 billion in 2015 and the biggest yearly fall was US$2.95 billion in 2022. 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 there is no clear straight-line trend: a straight line explains 6% 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
In 2024, Tanzania had the 15th 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
- Burkina Faso — 12th of 29: −US$547.37 million
- Bhutan — 13th of 29: −US$564.35 million
- Fiji — 14th of 29: −US$604.27 million
- Niger — 16th of 29: −US$1.27 billion
- Mali — 17th of 29: −US$1.29 billion
- Sierra Leone — 18th of 29: −US$1.31 billion
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 49 values
| Year | Net trade in goods and services (current US$, BoP) |
|---|---|
| 2024 | -1,022,268,158 |
| 2023 | -2,196,496,513 |
| 2022 | -4,688,288,596 |
| 2021 | -1,736,406,972 |
| 2020 | -595,237,902 |
| 2019 | -745,034,540 |
| 2018 | -2,138,027,455 |
| 2017 | -951,770,241 |
| 2016 | -643,147,396 |
| 2015 | -2,374,027,226 |
Net trade in goods and services (current US$, BoP) in nearby economies
- Angola — US$6.76 billion (2025)
- Benin — −US$1.68 billion (2023)
- Botswana — −US$843.02 million (2025)
- Burkina Faso — −US$547.37 million (2024)
- Burundi — −US$946.66 million (2025)
- Cabo Verde — −US$352.91 million (2025)
- Cameroon — −US$1.58 billion (2024)
- Comoros — −US$355.58 million (2023)
- Congo, Dem. Rep. — −US$1.56 billion (2025)
- Congo, Rep.
More economic policy & debt data for Tanzania
- GDP (current US$) — 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$88.07 billion (2025)
- GNI (current LCU) — 223.78 trillion (2025)
- GNI per capita (current LCU) — 3.27 million (2025)
Reading data like this
Questions people ask
- What is Tanzania's net trade in goods and services (current US$, BoP)?
- −US$1.02 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1976?
- It is down 1,342% from −US$70.91 million in 1976. The highest value was −US$70.91 million in 1976 and the lowest −US$5.06 billion in 2013.
- How does Tanzania rank?
- 15th highest of 29 economies with data for 2024.
- Is the latest change in net trade in goods and services (current US$, BoP) unusual for Tanzania?
- In 2024, Tanzania's net trade in goods and services (current US$, BoP) rose US$1.17 billion on 2023 (from −US$2.2 billion to −US$1.02 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was −US$31.34 million and a typical year strayed about US$1.13 billion from that (the standard deviation). This year's change was 1.1 standard deviations above 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.GSR.GNFS.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.
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