[ Nominal GDP in billions of USD ]
Year -
$29.40 billions
Tanzania GDP expanded from 1960 to 2009, increasing from $2.65 billion to $29.40 billion.The compound annual growth rate (CAGR) averaged 5.03% over the period. The economy recorded its peak level in 2009 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 59.69%, indicating the largest cyclical decline from peak levels. The country experienced 4 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2009 | 2024 |
| Latest GDP | $ 29.40 Billions | $ 280.43 Int Billions |
| Growth (YoY) | 5.198% | 8.078% |
| Net Change vs Previous Year | $ 1.45 Billion | $ 20.96 Int Billion |
| % of World GDP | 0.05% | 0.14% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 2.65 | - | - | - | - | - |
| 1961 | 2.83 | 0.17 | 6.579 % | - | - | - |
| 1962 | 3.1 | 0.28 | 9.745 % | - | - | - |
| 1963 | 3.46 | 0.35 | 11.445 % | - | - | - |
| 1964 | 3.75 | 0.29 | 8.455 % | - | - | - |
| 1965 | 3.82 | 0.07 | 1.824 % | - | - | - |
| 1966 | 4.38 | 0.56 | 14.691 % | - | - | - |
| 1967 | 4.57 | 0.19 | 4.274 % | - | - | - |
| 1968 | 4.9 | 0.33 | 7.231 % | - | - | - |
| 1969 | 5.14 | 0.25 | 5.042 % | - | - | - |
| 1970 | 2.85 | -2.29 | -44.547 % | - | - | - |
| 1971 | 3.05 | 0.2 | 6.988 % | - | - | - |
| 1972 | 3.47 | 0.42 | 13.837 % | - | - | - |
| 1973 | 4.14 | 0.67 | 19.331 % | - | - | - |
| 1974 | 4.98 | 0.83 | 20.106 % | - | - | - |
| 1975 | 5.73 | 0.75 | 15.12 % | - | - | - |
| 1976 | 6.47 | 0.74 | 12.96 % | - | - | - |
| 1977 | 7.73 | 1.26 | 19.468 % | - | - | - |
| 1978 | 9.26 | 1.53 | 19.774 % | - | - | - |
| 1979 | 9.8 | 0.54 | 5.862 % | - | - | - |
| 1980 | 11.41 | 1.6 | 16.366 % | - | - | - |
| 1981 | 13.16 | 1.75 | 15.359 % | - | - | - |
| 1982 | 13.93 | 0.77 | 5.819 % | - | - | - |
| 1983 | 14.05 | 0.12 | 0.88 % | - | - | - |
| 1984 | 12.91 | -1.14 | -8.137 % | - | - | - |
| 1985 | 15.33 | 2.42 | 18.763 % | - | - | - |
| 1986 | 10.84 | -4.49 | -29.275 % | - | - | - |
| 1987 | 7.82 | -3.02 | -27.827 % | - | - | - |
| 1988 | 7.41 | -0.42 | -5.337 % | - | - | - |
| 1989 | 6.42 | -0.99 | -13.337 % | - | - | - |
| 1990 | 6.18 | -0.23 | -3.652 % | 23.49 | - | - |
| 1991 | 7.2 | 1.01 | 16.386 % | 24.79 | 1.3 | 5.524 % |
| 1992 | 6.68 | -0.52 | -7.166 % | 25.5 | 0.71 | 2.876 % |
| 1993 | 6.18 | -0.5 | -7.47 % | 26.42 | 0.92 | 3.605 % |
| 1994 | 6.55 | 0.37 | 5.946 % | 27.41 | 0.99 | 3.736 % |
| 1995 | 7.63 | 1.08 | 16.502 % | 28.98 | 1.57 | 5.741 % |
| 1996 | 9.43 | 1.8 | 23.614 % | 30.85 | 1.87 | 6.458 % |
| 1997 | 11.16 | 1.72 | 18.282 % | 32.49 | 1.64 | 5.311 % |
| 1998 | 12.17 | 1.01 | 9.093 % | 34.08 | 1.58 | 4.874 % |
| 1999 | 12.7 | 0.53 | 4.367 % | 36.24 | 2.16 | 6.348 % |
| 2000 | 13.37 | 0.67 | 5.254 % | 38.74 | 2.5 | 6.888 % |
| 2001 | 13.56 | 0.19 | 1.438 % | 42.01 | 3.28 | 8.459 % |
| 2002 | 14.13 | 0.57 | 4.17 % | 45.69 | 3.68 | 8.757 % |
| 2003 | 15.21 | 1.08 | 7.656 % | 49.7 | 4.01 | 8.779 % |
| 2004 | 16.67 | 1.46 | 9.608 % | 54.87 | 5.17 | 10.395 % |
| 2005 | 18.4 | 1.72 | 10.33 % | 60.82 | 5.95 | 10.846 % |
| 2006 | 18.62 | 0.22 | 1.22 % | 66.79 | 5.97 | 9.818 % |
| 2007 | 21.86 | 3.24 | 17.404 % | 73.24 | 6.45 | 9.661 % |
| 2008 | 27.95 | 6.09 | 27.847 % | 78.9 | 5.66 | 7.723 % |
| 2009 | 29.4 | 1.45 | 5.198 % | 83.57 | 4.67 | 5.918 % |
| 2010 | - | - | - | 89.95 | 6.38 | 7.629 % |
| 2011 | - | - | - | 98.84 | 8.9 | 9.894 % |
| 2012 | - | - | - | 95.84 | -3 | -3.04 % |
| 2013 | - | - | - | 103.15 | 7.31 | 7.63 % |
| 2014 | - | - | - | 108.56 | 5.41 | 5.242 % |
| 2015 | - | - | - | 116.99 | 8.43 | 7.768 % |
| 2016 | - | - | - | 127.16 | 10.17 | 8.691 % |
| 2017 | - | - | - | 133.5 | 6.34 | 4.986 % |
| 2018 | - | - | - | 151.99 | 18.49 | 13.848 % |
| 2019 | - | - | - | 171.14 | 19.15 | 12.6 % |
| 2020 | - | - | - | 194.56 | 23.42 | 13.688 % |
| 2021 | - | - | - | 212.79 | 18.23 | 9.369 % |
| 2022 | - | - | - | 238.37 | 25.58 | 12.021 % |
| 2023 | - | - | - | 259.47 | 21.1 | 8.85 % |
| 2024 | - | - | - | 280.43 | 20.96 | 8.078 % |
Between 1960 to 2009, Tanzania experienced the following economic phases:
The most remarkable growth occurred in 2008 with an increase of 27.847%, while the largest decline was in 1970 at -44.547%.