Lending Interest Rates Statistics in Tanzania (2026)
According to World Bank World Development Indicators data, the average lending interest rate in Tanzania came to 16.7% in 2020. Down from 17% in 2019 to 16.7% in 2020 (−0.3 percentage points). Tanzania ranks #18 of 27 economies in Sub-Saharan Africa on this measure, and #96 of 112 globally.
Key Statistics
- Latest value (2020)
- 16.7% (2020)
- Lending Interest Rates in Tanzania as of 2020, the most recent observation in World Bank World Development Indicators data.
- Change since 2019
- −0.3 pp (2020)
- Down from 17% in 2019 to 16.7% in 2020 (−0.3 percentage points).
- Earliest value in this dataset (1992)
- 27.4% (1992)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 27.4% in 1992 to 16.7% in 2020.
- Peak value (1995)
- 37.8% (1995)
- Highest value in the available series; the 2020 value is 16.7%.
- Rank in Sub-Saharan Africa (lower is better; rank 1 = lowest)
- #18 of 27 (2020)
- Tanzania ranks 18 of 27 countries in Sub-Saharan Africa with data, based on each country's latest value. Ranked ascending because lower values are better for this metric.
- Global rank (lower is better; rank 1 = lowest)
- #96 of 112 (2020)
- Tanzania ranks 96 of 112 countries with data globally. Ranked ascending because lower values are better for this metric.
- Sub-Saharan Africa average
- 18.1% (2020)
- Tanzania (16.7%) is below the average of 18.1% across the 27 countries in Sub-Saharan Africa with data.
- Risk premium on lending (lending rate minus treasury bill rate, %) (2020)
- 12.3% (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 | 16.7% | −0.3 pp |
| 2019 | 17% | −0.4 pp |
| 2018 | 17.4% | −0.4 pp |
| 2017 | 17.8% | +1.8 pp |
| 2016 | 16% | −0.1 pp |
| 2015 | 16.1% | −0.2 pp |
| 2014 | 16.3% | +0.4 pp |
| 2013 | 15.9% | +0.3 pp |
| 2012 | 15.6% | +0.6 pp |
| 2011 | 15% | +0.4 pp |
| 2010 | 14.5% | −0.5 pp |
| 2009 | 15% | +0.0 pp |
| 2008 | 15% | −1.1 pp |
| 2007 | 16.1% | +0.4 pp |
| 2006 | 15.7% | +0.4 pp |
| 2005 | 15.2% | +1.1 pp |
| 2004 | 14.1% | −0.4 pp |
| 2003 | 14.5% | −1.9 pp |
| 2002 | 16.4% | −3.7 pp |
| 2001 | 20.1% | −1.5 pp |
| 2000 | 21.6% | −0.3 pp |
| 1999 | 21.9% | −1.0 pp |
| 1998 | 22.9% | −3.4 pp |
| 1997 | 26.3% | −7.7 pp |
| 1996 | 34% | −3.8 pp |
| 1995 | 37.8% | +3.4 pp |
| 1994 | 34.4% | +7.1 pp |
| 1993 | 27.4% | +0.0 pp |
| 1992 | 27.4% | — |
Frequently asked questions
What is the latest figure for average lending interest rate in Tanzania?
The average lending interest rate in Tanzania stood at 16.7% in 2020, according to World Bank World Development Indicators data.
Where does the lending interest rates data for Tanzania come from?
The data comes from the World Bank World Development Indicators (indicator FR.INR.LEND). The latest observation for Tanzania is from 2020; the snapshot was retrieved on 2026-06-10.
How has lending interest rates in Tanzania changed over time?
World Bank World Development Indicators data show a decline from 27.4% in 1992 to 16.7% in 2020.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FR.INR.LEND, 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 .