Gross capital formation as a share of GDP reached 31.4 % in 2019 in Tanzania, according to the National Statistical Office. This is 3.08 % more than in the previous year.
Historically, gross capital formation as a share of GDP in Tanzania reached an all time high of 31.4 % in 2019 and an all time low of 0.149 % in 1997. When compared to Tanzania's main peers, gross capital formation as a share of GDP in Kenya amounted to 18.5 %, 66.0 % in Mozambique, 28.9 % in Uganda and 42.1 % in Zambia in 2019.
Tanzania has been ranked 23rd within the group of 163 countries we follow in terms of gross capital formation as a share of GDP, 5 places above the position seen 10 years ago.
Measures the value of acquisitions of new or existing fixed assets by the business sector, governments and "pure" households (excluding their unincorporated enterprises), less disposals of fixed assets.