Tanzania's GDP changed from approximately $10B 873M in 1980 to $79B 605M in 2024, showing an overall 632.1% sharply increased during the period.
The lowest GDP was recorded in 1993 at $5B 170M, and the highest in 2024 at $79B 605M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.6%.
For comparison, the average annual growth rate of Kenya was 4.8%, and that of Rwanda was 5.2%.
Tanzania GDP from 1980 to 2024
The total market value of goods and services produced annually in Tanzania.
Overview of Tanzania's GDP (1980–2024)
The Gross Domestic Product (GDP) of Tanzania recorded a 632.1% sharply increased from 1980 to 2024.
The average GDP during this period was $26B 785M, and the median was $15B 294M.
GDP fluctuated within a range of $74B 435M, with a standard deviation of $22B 698M.
The average annual change was $1B 499M.
Highest and Lowest GDP Records
- Lowest GDP: 1993, $5B 170M
- Highest GDP: 2024, $79B 605M
- Most Recent GDP: 2024, $79B 605M
Notable Annual GDP Changes
- 2022: Significant increase in GDP
- 1987: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Tanzania's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $58B 797M → $63B 373M
- Outcome: increased
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $21B 810M → $29B 301M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $12B 369M → $12B 610M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $9B 341M → $11B 481M
- Outcome: sharply increased
Key Economic Indicators of Tanzania (1980–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | 3.266 % | $ 10B 873M | $ 10B 462M | $ 602.92 | $ 580.11 | 10.59 % | 18M 34K people | -4.793 % | 0 % |
1981 | 0.5 % | $ 13B 5M | $ 11B 509M | $ 699.18 | $ 618.73 | 8.58 % | 18M 601K people | -3.126 % | 0 % |
1982 | 0.6 % | $ 14B 932M | $ 12B 293M | $ 778.24 | $ 640.71 | 7.91 % | 19M 187K people | -3.504 % | 0 % |
1983 | 2.4 % | $ 15B 294M | $ 13B 81M | $ 772.74 | $ 660.96 | 6.24 % | 19M 791K people | -1.992 % | 0 % |
1984 | 3.4 % | $ 13B 915M | $ 14B 14M | $ 682.03 | $ 686.92 | 5.43 % | 20M 402K people | -2.58 % | 0 % |
1985 | 4.6 % | $ 12B 556M | $ 15B 122M | $ 596.87 | $ 718.89 | 4.83 % | 21M 36K people | -2.987 % | 0 % |
1986 | 6.6 % | $ 15B 874M | $ 16B 445M | $ 732.20 | $ 758.54 | 7.54 % | 21M 680K people | -2.023 % | 0 % |
1987 | 5.9 % | $ 7B 821M | $ 17B 847M | $ 350.13 | $ 799.02 | 12.29 % | 22M 336K people | -5.209 % | 0 % |
1988 | 4.4 % | $ 7B 474M | $ 19B 289M | $ 324.72 | $ 838.07 | 12.02 % | 23M 16K people | -4.77 % | 0 % |
1989 | 3.8 % | $ 6B 444M | $ 20B 807M | $ 271.50 | $ 876.59 | 19.78 % | 23M 737K people | -5.2 % | 0 % |
1990 | 7.045 % | $ 5B 172M | $ 23B 107M | $ 211.03 | $ 942.87 | 21.21 % | 24M 507K people | -10.807 % | 0 % |
1991 | 2.072 % | $ 6B 19M | $ 24B 383M | $ 237.57 | $ 962.39 | 21.41 % | 25M 336K people | -12.252 % | 2.393 % |
1992 | 0.584 % | $ 5B 588M | $ 25B 85M | $ 213.15 | $ 956.85 | 22.20 % | 26M 216K people | -12.782 % | -2.6 % |
1993 | 1.206 % | $ 5B 170M | $ 25B 989M | $ 190.68 | $ 958.43 | 20.50 % | 27M 116K people | -17.306 % | 0.423 % |
1994 | 1.567 % | $ 5B 478M | $ 26B 960M | $ 195.66 | $ 962.97 | 8.49 % | 27M 997K people | -11.636 % | -0.539 % |
1995 | 3.571 % | $ 6B 382M | $ 28B 508M | $ 221.37 | $ 988.85 | 12.74 % | 28M 829K people | -9.241 % | 0.938 % |
1996 | 4.544 % | $ 7B 889M | $ 30B 349M | $ 266.49 | $ 1,025.21 | 13.57 % | 29M 603K people | -5.232 % | 3.981 % |
1997 | 3.525 % | $ 9B 341M | $ 31B 961M | $ 307.99 | $ 1,053.75 | 12.16 % | 30M 330K people | -4.67 % | 1.992 % |
1998 | 3.708 % | $ 11B 481M | $ 33B 519M | $ 370.19 | $ 1,080.75 | 12.99 % | 31M 14K people | -6.135 % | 1.384 % |
1999 | 4.84 % | $ 11B 777M | $ 35B 638M | $ 370.92 | $ 1,122.44 | 12.86 % | 31M 751K people | -6.599 % | 0.302 % |