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%.
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.
Tanzania GDP from 1980 to 2024
The total market value of goods and services produced annually in Tanzania.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 10B 873M | $ 602.92 | $ 580.11 | $ 10B 462M | 3.266 % | -4.793 % | 10.59 % | 0 % | 18M 34K people |
1981 | $ 13B 5M | $ 699.18 | $ 618.73 | $ 11B 509M | 0.5 % | -3.126 % | 8.58 % | 0 % | 18M 601K people |
1982 | $ 14B 932M | $ 778.24 | $ 640.71 | $ 12B 293M | 0.6 % | -3.504 % | 7.91 % | 0 % | 19M 187K people |
1983 | $ 15B 294M | $ 772.74 | $ 660.96 | $ 13B 81M | 2.4 % | -1.992 % | 6.24 % | 0 % | 19M 791K people |
1984 | $ 13B 915M | $ 682.03 | $ 686.92 | $ 14B 14M | 3.4 % | -2.58 % | 5.43 % | 0 % | 20M 402K people |
1985 | $ 12B 556M | $ 596.87 | $ 718.89 | $ 15B 122M | 4.6 % | -2.987 % | 4.83 % | 0 % | 21M 36K people |
1986 | $ 15B 874M | $ 732.20 | $ 758.54 | $ 16B 445M | 6.6 % | -2.023 % | 7.54 % | 0 % | 21M 680K people |
1987 | $ 7B 821M | $ 350.13 | $ 799.02 | $ 17B 847M | 5.9 % | -5.209 % | 12.29 % | 0 % | 22M 336K people |
1988 | $ 7B 474M | $ 324.72 | $ 838.07 | $ 19B 289M | 4.4 % | -4.77 % | 12.02 % | 0 % | 23M 16K people |
1989 | $ 6B 444M | $ 271.50 | $ 876.59 | $ 20B 807M | 3.8 % | -5.2 % | 19.78 % | 0 % | 23M 737K people |
1990 | $ 5B 172M | $ 211.03 | $ 942.87 | $ 23B 107M | 7.045 % | -10.807 % | 21.21 % | 0 % | 24M 507K people |
1991 | $ 6B 19M | $ 237.57 | $ 962.39 | $ 24B 383M | 2.072 % | -12.252 % | 21.41 % | 2.393 % | 25M 336K people |
1992 | $ 5B 588M | $ 213.15 | $ 956.85 | $ 25B 85M | 0.584 % | -12.782 % | 22.20 % | -2.6 % | 26M 216K people |
1993 | $ 5B 170M | $ 190.68 | $ 958.43 | $ 25B 989M | 1.206 % | -17.306 % | 20.50 % | 0.423 % | 27M 116K people |
1994 | $ 5B 478M | $ 195.66 | $ 962.97 | $ 26B 960M | 1.567 % | -11.636 % | 8.49 % | -0.539 % | 27M 997K people |
1995 | $ 6B 382M | $ 221.37 | $ 988.85 | $ 28B 508M | 3.571 % | -9.241 % | 12.74 % | 0.938 % | 28M 829K people |
1996 | $ 7B 889M | $ 266.49 | $ 1,025.21 | $ 30B 349M | 4.544 % | -5.232 % | 13.57 % | 3.981 % | 29M 603K people |
1997 | $ 9B 341M | $ 307.99 | $ 1,053.75 | $ 31B 961M | 3.525 % | -4.67 % | 12.16 % | 1.992 % | 30M 330K people |
1998 | $ 11B 481M | $ 370.19 | $ 1,080.75 | $ 33B 519M | 3.708 % | -6.135 % | 12.99 % | 1.384 % | 31M 14K people |
1999 | $ 11B 777M | $ 370.92 | $ 1,122.44 | $ 35B 638M | 4.84 % | -6.599 % | 12.86 % | 0.302 % | 31M 751K people |
