Saved at a bank or similar financial institution in Tanzania

Tanzania: Saved at a bank or similar financial institution was 7.6% in 2024. ▼ Falling

Latest (2024)
7.6%
Change on year
up 20.7%
World rank
65th
of 80 countries
All-time high
11.9%
in 2011
All-time low
6.1%
in 2017
Years of data
5
2011–2024

Saved at a bank or similar financial institution in Tanzania, 2011–2024

02.557.51012.52011201720242011: 11.9 % age 15+2014: 9 % age 15+2017: 6.1 % age 15+2021: 6.3 % age 15+2024: 7.6 % age 15+

Source: Global Findex Database. Measured in % age 15+.

Analysis

In 2024, saved at a bank or similar financial institution in Tanzania stood at 7.6%.

That represents a change of up 20.7% on the previous year and down 16.0% over ten years.

Over the whole period, saved at a bank or similar financial institution in Tanzania peaked at 11.9% in 2011 and was at its lowest, 6.1%, in 2017.

That places Tanzania 65th out of 80 countries with data for 2024, putting it in the bottom quarter.

Saved at a bank or similar financial institution in Tanzania, year by year

Annual values for Saved at a bank or similar financial institution (% age 15+) in Tanzania, 2011 to 2024.
Year % age 15+ Change
2011 11.9%
2014 9.0% -24.4%
2017 6.1% -32.2%
2021 6.3% +2.7%
2024 7.6% +20.7%

Averages by decade

DecadeAverage LowestHighest Years
2010s 9.0% 6.1% 11.9% 3
2020s 6.9% 6.3% 7.6% 2

Countries ranked near Tanzania

  1. 62 Mali 8.7% compare
  2. 63 Democratic Republic of Congo 8.5% compare
  3. 64 Egypt 7.9% compare
  4. 66 Benin 7.5% compare
  5. 67 Iraq 7.2% compare
  6. 68 Moldova 7.1% compare

See the full ranking of 90 places →

More reference data data for Tanzania

All data for Tanzania →

Frequently asked questions

What is saved at a bank or similar financial institution in Tanzania?
Saved at a bank or similar financial institution in Tanzania was 7.6% in 2024, according to Global Findex Database.
What is the highest saved at a bank or similar financial institution recorded in Tanzania?
The highest recorded value was 11.9% in 2011.
What is the lowest saved at a bank or similar financial institution recorded in Tanzania?
The lowest recorded value was 6.1% in 2017.
How does Tanzania rank for saved at a bank or similar financial institution?
Tanzania ranks 65th out of 80 countries with data for 2024.
Is saved at a bank or similar financial institution rising or falling in Tanzania?
Over the last ten years it is down 16.0%. The long-run trend across the full record is falling.
Where does this Tanzania data come from?
The figures come from Global Findex Database, published as part of Saved at a bank or similar financial institution (% age 15+). Statizoid updates them automatically from the source API.

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Saved at a bank or similar financial institution in Tanzania. Statizoid, drawing on Global Findex Database. Retrieved 02 September 2026, from https://reference.statizoid.com/stat/saved-at-a-bank-or-similar-financial-institution-percent-age-15/tanzania/

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About this data

Indicator
Saved at a bank or similar financial institution (% age 15+)
Unit
% age 15+
Source
Global Findex Database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
90 places, 450 data points, 2011–2024
Last refreshed

The percentage of respondents who report saving or setting aside any money at a bank or similar financial institution in the past year, (% age 15+)