Country Financial Sector Profilesback

Financial Sector Overview

Tanzania is an East African country known for its vast wilderness areas. They include the plains of Serengeti National Park, a safari mecca populated by the “big five” game (elephant, lion, leopard, buffalo, rhino), and Kilimanjaro National Park, home to Africa’s highest mountain. Offshore lie the tropical islands of Zanzibar, with Arabic influences, and Mafia, with a marine park home to whale sharks and coral reefs.

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At a Glance

At a Glance Source
Population in thousands (2017): 57,310.02
GDP per capita (current US$) 2017 - World Average 10,721.61: 936.33
Account (%) age 15+) - (2014 vs 2017): 40% | 47%
Agriculture Orientation Index - Credit ( Agriculture, Forestry and Fisheries share of GDP) (2015 vs 2016): 0.28 | 0.25
Financial Inclusion Strategies: • National Financial Inclusion Framework 2018-2022• SADC Financial Inclusion Strategy 2016-2021
Domestic credit provided by financial sector (% of GDP) 2017: n/a
Made or received digital payments in the past year (% age 15+) (2014 vs 2017): 35% | 43%
Remittances % of GDP for 2017: 0.008
Mortgage Interest Rate / Mortgage Term (years): 17% | 10

Donor Projects Database

Projects

Latest News & Events

Aug 27, 2019 | Ecofin Agency
The Central Bank of Tanzania set a deadline of three months for commercial banks and finance institutions operating in the country to set up local

Latest Publications

Nov 30, 2018 | R.H. Mynhardt, J. Marx | Journal of Economic and Financial Sciences
Oct 31, 2018 | M. Kaffenberger, E. Totolo, M. Soursourian | CGAP
Jul 31, 2018 | FinMark Trust | FinMark Trust
Jun 30, 2018 | UNHCR, UNCDF | UNHCR
Jun 20, 2018 | M. Mattern, C. McKay | CGAP
May 14, 2018 | E. Hernandez, Y. Bin-Humam, R. Ciacci et al. | CGAP