Deposit interest rate in Tanzania
Tanzania: Deposit interest rate was 6.7% in 2020. ◆ Volatile
Deposit interest rate in Tanzania, 1974–2020
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
Tanzania recorded 6.7% for deposit interest rate in 2020.
Compared with earlier readings it is down 5.9% on the previous year and up 0.9% over ten years.
Over the whole period, deposit interest rate in Tanzania peaked at 24.6% in 1995 and was at its lowest, 3.0%, in 2003.
Tanzania ranks 41st of 152 countries on this measure, in the middle of the range.
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 | 4.0% | 4.0% | 4.0% | 6 |
| 1980s | 8.3% | 4.0% | 17.5% | 10 |
| 1990s | 14.8% | 7.8% | 24.6% | 8 |
| 2000s | 5.9% | 3.0% | 8.7% | 10 |
| 2010s | 9.0% | 6.6% | 11.2% | 10 |
| 2020s | 6.7% | 6.7% | 6.7% | 1 |
Countries ranked near Tanzania
More financial sector data for Tanzania
- Domestic credit to private sector 16.7% (2024)
- Net domestic credit 47.56 trillion current LCU (2024)
- Total reserves in months of imports 5.39 (2018)
- Net foreign assets 10.56 trillion current LCU (2024)
- Domestic credit to private sector by banks 16.6% (2024)
- Monetary Sector credit to private sector 16.7% (2024)
- Claims on central government, etc. 5.6% (2024)
- Broad money 23.4% (2023)
- Official exchange rate 2,598 LCU per US$, period average (2024)
- Net migration -12,730 (2025)
Frequently asked questions
- What is deposit interest rate in Tanzania?
- Deposit interest rate in Tanzania was 6.7% in 2020, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Tanzania?
- The highest recorded value was 24.6% in 1995.
- What is the lowest deposit interest rate recorded in Tanzania?
- The lowest recorded value was 3.0% in 2003.
- How does Tanzania rank for deposit interest rate?
- Tanzania ranks 41st out of 152 countries with data for 2020.
- Is deposit interest rate rising or falling in Tanzania?
- Over the last ten years it is up 0.9%. The long-run trend across the full record is volatile.
- Where does this Tanzania data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.