Lending interest rate in Tanzania
Tanzania: Lending interest rate was 16.7% in 2020. ▼ Falling
Lending interest rate in Tanzania, 1992–2020
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
Tanzania recorded 16.7% for lending interest rate in 2020.
The figure is down 1.7% on the previous year and up 14.7% over ten years.
Over the whole period, lending interest rate in Tanzania peaked at 37.8% in 1995 and was at its lowest, 14.1%, in 2004.
Tanzania ranks 26th of 148 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 29 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 29.0% | 21.9% | 37.8% | 8 |
| 2000s | 16.4% | 14.1% | 21.6% | 10 |
| 2010s | 16.1% | 14.5% | 17.8% | 10 |
| 2020s | 16.7% | 16.7% | 16.7% | 1 |
Countries ranked near Tanzania
More financial sector data for Tanzania
- Net migration -12,730 (2025)
- Total reserves in months of imports 5.39 (2018)
- Net domestic credit 47.56 trillion current LCU (2024)
- Domestic credit to private sector by banks 16.6% (2024)
- Net foreign assets 10.56 trillion current LCU (2024)
- Claims on central government, etc. 5.6% (2024)
- Monetary Sector credit to private sector 16.7% (2024)
- Domestic credit to private sector 16.7% (2024)
- Broad money 23.4% (2023)
- Official exchange rate 2,598 LCU per US$, period average (2024)
Frequently asked questions
- What is lending interest rate in Tanzania?
- Lending interest rate in Tanzania was 16.7% in 2020, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest lending interest rate recorded in Tanzania?
- The highest recorded value was 37.8% in 1995.
- What is the lowest lending interest rate recorded in Tanzania?
- The lowest recorded value was 14.1% in 2004.
- How does Tanzania rank for lending interest rate?
- Tanzania ranks 26th out of 148 countries with data for 2020.
- Is lending interest rate rising or falling in Tanzania?
- Over the last ten years it is up 14.7%. The long-run trend across the full record is falling.
- Where does this Tanzania data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Lending interest rate (%). Statizoid updates them automatically from the source API.
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CSV · JSON — 29 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.