Tanzania Debt to GDP Ratio
Tanzania's government debt-to-GDP ratio hit a record 48.2% in 2024, up from 47.4% in 2023. This increase stems from significant infrastructure spending and increased use of expensive commercial loans. The nation's debt is growing faster than its GDP. Low revenue collection forces borrowing to cover fiscal deficits. A depreciating Tanzanian Shilling also raises the cost of foreign debt. Tanzania's record low government debt to GDP was 39.5% in 2015 and record high was 48.2% in 2024.
Yearly Historical Data (2015-2024)
(in %)Tanzania Debt to GDP Ratio : Definition
Tanzania government debt to GDP shows the nation's total debt relative to its economic size. It is calculated by dividing Tanzania's total government debt (domestic and external) by its annual Gross Domestic Product (GDP). This ratio, often expressed in Tanzanian Shillings or US Dollars, indicates the country's debt burden and repayment capacity.