Gross Savings (As % of GDP) fell to 25.7% in Tanzania in 2019

Gross Savings (As % of GDP) (%)
Economy | Tanzania | January 1, 2020
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Gross savings as a share of GDP reached 25.7 % in 2019 in Tanzania, according to the National Statistical Office. This is 1.43 % less than in the previous year.

Historically, gross savings as a share of GDP in Tanzania reached an all time high of 26.1 % in 2018 and an all time low of 0.034 % in 1994. When compared to Tanzania's main peers, gross savings as a share of GDP in Kenya amounted to 13.3 %, 21.3 % in Mozambique, 20.0 % in Uganda and 38.7 % in Zambia in 2019.

Tanzania has been ranked 53rd within the group of 163 countries we follow in terms of gross savings as a share of GDP, 8 places behind the position seen 10 years ago.

Gross savings are calculated as gross national income less total consumption, plus net transfers.

Gross Savings (As % of GDP) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Angola % 0.264% 24.3% 24.2% 26.7% 27.6%
Dem. Republic of the Congo % 0.188% 12.4% 12.6% 12.0% 12.1%
Ethiopia % 0.327% 33.2% 33.1% 31.3% 31.5%
Kenya % 0.094% 11.2% 13.3% 14.7% 15.1%
Malawi % 0.103% 2.46% 4.90% 4.62% 4.99%
Mozambique % 0.075% 21.8% 21.3% 20.8% 20.2%
Rwanda % 0.132% 12.3% 13.9% 15.0% 16.2%
Somalia % ... ... ... ... ... ... ... ... ...
South Africa % 0.158% 14.9% 14.5% 14.6% 14.6%
South Sudan % 3.63% 0.465% 10.5% 3.93% 13.6%
Tanzania % 0.305% 26.1% 25.7% 26.1% 26.2%
Uganda % 0.198% 20.3% 20.0% 19.8% 19.3%
Zambia % 38.3% 40.4% 38.7% 38.1% 35.8%
Zimbabwe % -0.022% 20.9% 19.9% 18.6% 17.4%