Real interest rate in Tanzania
Tanzania: Real interest rate was 9.6% in 2020. ◆ Volatile
Real interest rate in Tanzania, 1992–2020
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
In 2020, real interest rate in Tanzania stood at 9.6%.
That represents a change of down 32.9% on the previous year and up 106.2% over ten years.
Over the whole period, real interest rate in Tanzania peaked at 14.7% in 2017 and was at its lowest, -1.2%, in 2008.
Tanzania ranks 29th of 148 countries on this measure, in the top 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 |
|---|---|---|---|---|
| 1990s | 6.1% | 1.6% | 12.3% | 8 |
| 2000s | 7.6% | -1.2% | 14.5% | 10 |
| 2010s | 8.6% | 2.5% | 14.7% | 10 |
| 2020s | 9.6% | 9.6% | 9.6% | 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)
- Claims on central government, etc. 5.6% (2024)
- Monetary Sector credit to private sector 16.7% (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 real interest rate in Tanzania?
- Real interest rate in Tanzania was 9.6% in 2020, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest real interest rate recorded in Tanzania?
- The highest recorded value was 14.7% in 2017.
- What is the lowest real interest rate recorded in Tanzania?
- The lowest recorded value was -1.2% in 2008.
- How does Tanzania rank for real interest rate?
- Tanzania ranks 29th out of 148 countries with data for 2020.
- Is real interest rate rising or falling in Tanzania?
- Over the last ten years it is up 106.2%. 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 Real interest rate (%). Statizoid updates them automatically from the source API.
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About this data
An interest rate is the amount charged, expressed as a percentage of the principal over a period of time, by the owners of certain kinds of financial assets for putting the financial assets at the disposal of another institutional unit. The real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.