Deposit Interest Rates Statistics in Tanzania (2026)
Tanzania recorded the average deposit interest rate of 6.7% in 2020, World Bank World Development Indicators data show. Down from 7.1% in 2019 to 6.7% in 2020 (−0.4 percentage points). Tanzania ranks #12 of 27 economies in Sub-Saharan Africa on this measure, and #29 of 113 globally.
Key Statistics
- Latest value (2020)
- 6.7% (2020)
- Deposit Interest Rates in Tanzania as of 2020, the most recent observation in World Bank World Development Indicators data.
- Change since 2019
- −0.4 pp (2020)
- Down from 7.1% in 2019 to 6.7% in 2020 (−0.4 percentage points).
- Earliest value in this dataset (1992)
- 17% (1992)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 17% in 1992 to 6.7% in 2020.
- Peak value (1995)
- 24.6% (1995)
- Highest value in the available series; the 2020 value is 6.7%.
- Rank in Sub-Saharan Africa
- #12 of 27 (2020)
- Tanzania ranks 12 of 27 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #29 of 113 (2020)
- Tanzania ranks 29 of 113 countries with data globally.
- Sub-Saharan Africa average
- 6.3% (2020)
- Tanzania (6.7%) is above the average of 6.3% across the 27 countries in Sub-Saharan Africa with data.
- Interest rate spread (lending rate minus deposit rate, %) (2020)
- 10% (2020)
- Related indicator from World Bank World Development Indicators.
- Internet use in Tanzania (2024)
- 31.2% (2024)
- 31.2% of the population in Tanzania used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 68.6 million (2024)
- Tanzania had a population of 68.6 million in 2024 (World Bank); shown for scale only.
Trend, 1992–2020
| Year | % | Change |
|---|---|---|
| 2020 | 6.7% | −0.4 pp |
| 2019 | 7.1% | −1.1 pp |
| 2018 | 8.2% | −3.0 pp |
| 2017 | 11.2% | +0.7 pp |
| 2016 | 10.5% | +0.6 pp |
| 2015 | 9.9% | +0.0 pp |
| 2014 | 9.9% | −0.1 pp |
| 2013 | 10% | +0.4 pp |
| 2012 | 9.5% | +2.8 pp |
| 2011 | 6.8% | +0.2 pp |
| 2010 | 6.6% | −1.3 pp |
| 2009 | 8% | −0.3 pp |
| 2008 | 8.3% | −0.4 pp |
| 2007 | 8.7% | +2.0 pp |
| 2006 | 6.7% | +2.0 pp |
| 2005 | 4.7% | +0.5 pp |
| 2004 | 4.2% | +1.2 pp |
| 2003 | 3% | −0.2 pp |
| 2002 | 3.3% | −1.5 pp |
| 2001 | 4.8% | −2.6 pp |
| 2000 | 7.4% | −0.4 pp |
| 1999 | 7.8% | −0.0 pp |
| 1998 | 7.8% | −0.1 pp |
| 1997 | 7.8% | −5.8 pp |
| 1996 | 13.6% | −11.0 pp |
| 1995 | 24.6% | +2.7 pp |
| 1994 | 21.9% | +4.1 pp |
| 1993 | 17.8% | +0.8 pp |
| 1992 | 17% | — |
Frequently asked questions
What is the latest figure for average deposit interest rate in Tanzania?
The average deposit interest rate in Tanzania stood at 6.7% in 2020, according to World Bank World Development Indicators data.
How recent is the deposit interest rates data for Tanzania?
The most recent observation is from 2020. World Bank World Development Indicators data is reported with a lag, so 2020 is the latest available year for Tanzania.
Where does the deposit interest rates data for Tanzania come from?
The data comes from the World Bank World Development Indicators (indicator FR.INR.DPST). The latest observation for Tanzania is from 2020; the snapshot was retrieved on 2026-06-10.
How has deposit interest rates in Tanzania changed over time?
World Bank World Development Indicators data show a decline from 17% in 1992 to 6.7% in 2020.
How does Tanzania compare with other countries in Sub-Saharan Africa?
Tanzania ranks 12 of 27 countries in Sub-Saharan Africa with data, with 6.7% versus a regional average of 6.3% (latest values per country).
Source & methodology
Source: World Bank, World Development Indicators, indicator
FR.INR.DPST, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .