Formal Savings Statistics in Tanzania (2026)
In 2024, 7.6% of adults in Tanzania saved at a formal financial institution, according to World Bank Global Findex data. Up from 6.3% in 2021 to 7.6% in 2024 (+1.3 percentage points). Tanzania ranks #26 of 36 economies in Sub-Saharan Africa on this measure, and #122 of 142 globally.
Key Statistics
- Latest value (2024)
- 7.6% (2024)
- Formal Savings in Tanzania as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- +1.3 pp (2024)
- Up from 6.3% in 2021 to 7.6% in 2024 (+1.3 percentage points).
- Earliest value in this dataset (2011)
- 11.9% (2011)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 11.9% in 2011 to 7.6% in 2024.
- Peak value (2011)
- 11.9% (2011)
- Highest value in the available series; the 2024 value is 7.6%.
- Rank in Sub-Saharan Africa
- #26 of 36 (2024)
- Tanzania ranks 26 of 36 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #122 of 142 (2024)
- Tanzania ranks 122 of 142 countries with data globally.
- Sub-Saharan Africa average
- 13.9% (2024)
- Tanzania (7.6%) is below the average of 13.9% across the 36 countries in Sub-Saharan Africa with data.
- 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, 2011–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 7.6% | +1.3 pp |
| 2021 | 6.3% | +0.2 pp |
| 2017 | 6.1% | −2.9 pp |
| 2014 | 9% | −2.9 pp |
| 2011 | 11.9% | — |
Frequently asked questions
What share of adults in Tanzania saved at a formal financial institution?
7.6% of adults in Tanzania saved at a formal financial institution in 2024, according to World Bank Global Findex data.
When did formal savings in Tanzania peak?
The highest value in the available series was 11.9% in 2011; the latest (2024) value is 7.6%.
How recent is the formal savings data for Tanzania?
The most recent observation is from 2024. World Bank Global Findex data is reported with a lag, so 2024 is the latest available year for Tanzania.
Where does the formal savings data for Tanzania come from?
The data comes from the World Bank Global Findex (indicator fin17a). The latest observation for Tanzania is from 2024; the snapshot was retrieved on 2026-06-10.
Source & methodology
Source: World Bank Global Findex, indicator
fin17a, 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 .