Current account balance in Tanzania
Tanzania: Current account balance was -2.38 billion BoP, current US$ in 2024. ◆ Volatile
Current account balance in Tanzania, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, current account balance in Tanzania stood at -2.38 billion BoP, current US$.
That represents a change of up 19.6% on the previous year and up 52.3% over ten years.
Over the whole period, current account balance in Tanzania peaked at -27.03 million BoP, current US$ in 1976 and was at its lowest, -5.48 billion BoP, current US$, in 2022.
Tanzania ranks 153rd of 199 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -225.80 million BoP, current US$ | -466.04 million BoP, current US$ | -27.03 million BoP, current US$ | 4 |
| 1980s | -390.97 million BoP, current US$ | -523.28 million BoP, current US$ | -304.61 million BoP, current US$ | 10 |
| 1990s | -646.30 million BoP, current US$ | -894.80 million BoP, current US$ | -412.77 million BoP, current US$ | 10 |
| 2000s | -999.17 million BoP, current US$ | -2.58 billion BoP, current US$ | -45.78 million BoP, current US$ | 10 |
| 2010s | -2.93 billion BoP, current US$ | -4.99 billion BoP, current US$ | -1.22 billion BoP, current US$ | 10 |
| 2020s | -2.93 billion BoP, current US$ | -5.48 billion BoP, current US$ | -1.46 billion BoP, current US$ | 5 |
Countries ranked near Tanzania
- 150 Croatia -1.93 billion BoP, current US$ compare
- 151 Armenia -2.11 billion BoP, current US$ compare
- 152 Malawi -2.13 billion BoP, current US$ compare
- 154 Yemen -2.42 billion BoP, current US$ compare
- 155 Suriname -2.48 billion BoP, current US$ compare
- 156 Mongolia -2.49 billion BoP, current US$ compare
More economy & growth data for Tanzania
- Gross domestic savings 39.7% (2025)
- Households and NPISHs final consumption expenditure 50.5% (2025)
- Final consumption expenditure 54.38 billion current US$ (2025)
- Final consumption expenditure 138.17 trillion current LCU (2025)
- Final consumption expenditure 50.18 billion constant 2015 US$ (2025)
- Final consumption expenditure 5.3% (2025)
- Manufacturing, value added 6.64 billion current US$ (2023)
- Final consumption expenditure 60.3% (2025)
- Exports of goods and services 17.11 billion current US$ (2025)
- Gross national expenditure 101.0% (2025)
Frequently asked questions
- What is current account balance in Tanzania?
- Current account balance in Tanzania was -2.38 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Tanzania?
- The highest recorded value was -27.03 million BoP, current US$ in 1976.
- What is the lowest current account balance recorded in Tanzania?
- The lowest recorded value was -5.48 billion BoP, current US$ in 2022.
- How does Tanzania rank for current account balance?
- Tanzania ranks 153rd out of 199 countries with data for 2024.
- Is current account balance rising or falling in Tanzania?
- Over the last ten years it is up 52.3%. The long-run trend across the full record is volatile.
- Where does this Tanzania data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. 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.