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Economy of Netherlands vs Tanzania compared: GDP & Debt

Updated on by Georank team

The Netherlands has a GDP of $1.21T compared to $78.8B for Tanzania, ranking 19/197 and 82/197 by economy size, respectively.

The Netherlands has $532B in government debt (43.8% of GDP), compared to $39.3B (49.9% of GDP) in Tanzania.

Netherlands vs Tanzania GDP by year

Netherlands
Tanzania
1x
Year GDP, current $
Netherlands Tanzania
2024 $1,214,927,698,573 $78,844,405,385
2023 $1,135,475,867,551 $79,030,935,627
2022 $1,046,540,797,549 $75,749,121,843
2021 $1,054,472,123,450 $70,655,628,148
2020 $932,560,861,701 $66,068,737,786
2019 $928,903,005,576 $61,026,731,926
2018 $929,733,599,797 $57,003,712,892
2017 $848,233,537,846 $53,274,884,533
2016 $797,163,949,290 $49,774,409,374
2015 $775,743,675,303 $47,413,919,817
2014 $901,556,501,756 $49,986,726,461
2013 $883,951,539,007 $45,648,857,242
2012 $845,689,017,066 $39,650,394,363
2011 $913,140,741,333 $34,657,140,096
2010 $852,464,982,433 $32,012,892,919
2009 $878,954,223,140 $29,400,573,554
2008 $957,901,566,041 $27,947,821,398
2007 $853,499,460,873 $21,860,434,823
2006 $737,593,995,289 $18,619,859,795
2005 $688,133,699,636 $18,395,383,647
2004 $661,224,886,143 $16,673,062,473
2003 $582,435,617,082 $15,211,487,709
2002 $475,529,972,123 $14,129,651,896
2001 $432,536,219,669 $13,563,990,022
2000 $417,649,282,154 $13,371,767,082
1999 $447,778,514,140 $12,704,334,196
1998 $438,612,530,549 $12,172,790,056
1997 $417,506,211,882 $11,158,197,942
1996 $451,372,549,020 $9,433,528,150
1995 $452,967,334,614 $7,631,431,840
1994 $379,688,232,232 $6,550,480,484
1993 $354,070,495,966 $6,182,872,708
1992 $363,497,050,125 $6,681,997,469
1991 $327,982,316,124 $7,197,768,159
1990 $318,799,003,994 $6,184,384,225
1989 $258,716,904,292 $6,418,799,007
1988 $262,295,966,105 $7,406,614,407
1987 $245,406,949,521 $7,824,193,222
1986 $201,157,708,221 $10,840,864,521
1985 $144,057,523,222 $15,328,295,175
1984 $144,124,462,912 $12,906,635,133
1983 $153,671,294,109 $14,049,883,809
1982 $158,712,765,536 $13,927,383,240
1981 $164,375,775,854 $13,161,540,378
1980 $195,439,301,707 $11,409,228,087
1979 $179,933,827,310 $9,804,637,491
1978 $156,089,077,205 $9,261,675,710
1977 $127,203,923,857 $7,732,598,995
1976 $109,329,386,564 $6,472,511,988
1975 $100,397,061,694 $5,729,917,840
1974 $87,371,810,804 $4,977,337,978
1973 $71,946,639,603 $4,144,104,535
1972 $54,787,070,173 $3,472,787,266
1971 $44,644,730,576 $3,050,673,517
1970 $38,220,884,519 $2,851,419,386
1969 $34,086,038,090 $5,142,066,811
1968 $30,097,635,751 $4,895,251,824
1967 $27,143,828,099 $4,565,132,048
1966 $24,741,480,717 $4,377,998,825
1965 $22,721,869,808 $3,817,226,546
1964 $20,232,048,553 $3,748,840,925
1963 $17,193,744,109 $3,456,579,293
1962 $15,847,582,341 $3,101,589,993
1961 $14,599,836,396 $2,826,179,031
1960 $13,282,979,015 $2,651,729,807

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/netherlands/tanzania | CC BY

GDP per capita in Netherlands vs Tanzania by year

Netherlands
GDP per capita

GDP per capita, PPP
Tanzania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Netherlands Tanzania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $67,520 $86,174 $1,150 $4,221
2023 $63,516 $81,729 $1,186 $4,019
2022 $59,123 $78,630 $1,171 $3,800
2021 $60,142 $68,574 $1,125 $3,493
2020 $53,468 $62,597 $1,084 $3,291
2019 $53,555 $62,345 $1,031 $2,982
2018 $53,955 $58,819 $992 $2,728
2017 $49,514 $56,038 $957 $2,472
2016 $46,809 $53,162 $925 $2,435
2015 $45,794 $50,957 $911 $2,317
2014 $53,457 $49,751 $993 $2,221
2013 $52,602 $49,622 $935 $2,176
2012 $50,474 $47,653 $837 $2,083
2011 $54,702 $47,004 $753 $2,211
2010 $51,306 $45,301 $715 $2,069
2009 $53,172 $44,959 $674 $1,972
2008 $58,247 $46,714 $657 $1,908
2007 $52,101 $44,203 $528 $1,820
2006 $45,124 $41,208 $462 $1,707
2005 $42,165 $37,778 $469 $1,598
2004 $40,611 $35,961 $438 $1,482
2003 $35,897 $34,286 $410 $1,379
2002 $29,447 $34,568 $391 $1,302
2001 $26,956 $33,259 $385 $1,229
2000 $26,225 $31,895 $390 $1,164
1999 $28,319 $29,316 $382 $1,120
1998 $27,924 $27,749 $375 $1,082
1997 $26,745 $26,062 $353 $1,059
1996 $29,064 $24,564 $305 $1,026
1995 $29,301 $23,480 $251.2 $981
1994 $24,683 $22,414 $222.5 $958
1993 $23,156 $21,443 $218.2 $959
1992 $23,939 $20,831 $243.4 $955
1991 $21,764 $20,177 $268.8 $952
1990 $21,322 $19,203 $236.9 $925
1989 $17,423 - $252.3 -
1988 $17,771 - $299 -
1987 $16,734 - $326 -
1986 $13,804 - $466 -
1985 $9,941 - $681 -
1984 $9,992 - $593 -
1983 $10,696 - $667 -
1982 $11,089 - $683 -
1981 $11,537 - $665 -
1980 $13,812 - $595 -
1979 $12,817 - $527 -
1978 $11,196 - $515 -
1977 $9,180 - $446 -
1976 $7,937 - $387 -
1975 $7,346 - $355 -
1974 $6,450 - $320 -
1973 $5,353 - $276.1 -
1972 $4,110 - $239.8 -
1971 $3,384 - $218.4 -
1970 $2,931 - $211.3 -
1969 $2,647 - $394 -
1968 $2,364 - $388 -
1967 $2,155 - $374 -
1966 $1,986 - $370 -
1965 $1,848 - $333 -
1964 $1,668 - $337 -
1963 $1,437 - $320 -
1962 $1,342 - $295.7 -
1961 $1,254 - $277.4 -
1960 $1,156 - $267.8 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/netherlands/tanzania | CC BY

The Netherlands' GDP per capita is $67,520, ranking 13/197, compared to $1,150 in Tanzania, ranking 170/197. Adjusted for purchasing power (GDP per capita PPP), the Netherlands ranks 11th at $86,174, while Tanzania ranks 165th at $4,221.

Economic indicators

Netherlands Tanzania
Gross domestic product
$1.21T
2024
$78.8B
2024
GDP rank
19/197
2024
82/197
2024
GDP growth
1.08%
2023-2024
5.53%
2023-2024
GDP per capita
$67,520
2024
$1,150
2024
GDP per capita rank
13/197
2024
170/197
2024
GDP per capita, PPP
$86,174
2024
$4,221
2024
GDP per capita PPP rank
11/197
2024
165/197
2024
Government debt
$532B
2024
$39.3B
2024
Debt-to-GDP ratio
43.8%
2024
49.9%
2024
Government debt per person
$29,571
2024
$573
2024
Government debt per person rank
24/185
2024
160/185
2024
Average annual personal income after taxes
$47,815
2026
$2,309
2026
Market capitalization of domestic companies
$1.1T
2017
$7.32B
2024
Number of millionaires
1,267,000
2025
n/a
Number of billionaires
13
2025
1
2025
Income share by richest 10%
21.4%
2021
33.1%
2018
Income share by poorest 10%
3.6%
2021
2.9%
2018
Government expenditure, % of GDP
44.4%
2024
19.1%
2024
Consumer prices inflation
3.35%
2023-2024
3.06%
2023-2024
Central bank interest rate n/a
6%
2024
Unemployment rate
3.64%
2024
2.43%
2024
Population
18252623
73145892

Spending and national debt comparison by year

Netherlands
Spending

Debt
Tanzania
Spending

Debt
1x
Year % of GDP
Netherlands Tanzania
Government spending Government debt Government spending Government debt
2024 44.4% 43.8% 19.1% 49.9%
2023 44% 45.9% 19% 47.8%
2022 43.3% 48.4% 19.1% 44.9%
2021 45.9% 50.5% 18.4% 43.4%
2020 47.8% 53.4% 17.4% 41.3%
2019 42.1% 47.7% 17.3% 40.4%
2018 42.4% 51.6% 17.3% 42%
2017 42.8% 56% 16.4% 40.1%
2016 43.9% 60.9% 16.9% 39.8%
2015 45.3% 63.8% 17.2% 39.5%
2014 46.7% 67.2% 17.3% 36.4%
2013 47.5% 67.2% 18.8% 32.7%
2012 47.6% 65.7% 19.6% 30%
2011 47.8% 61.2% 19% 28.4%
2010 48.9% 58.9% 19.8% 27.6%
2009 48.4% 56.3% 19.6% 23.9%
2008 44.3% 54.4% 18.1% 21.6%
2007 43.3% 42.7% 17.8% 23.8%
2006 44% 45% 17.6% 17.4%
2005 43.4% 49.6% 18.3% 25.4%
2004 44.7% 50.1% 17% 44.5%
2003 45.8% 49.8% 15.4% 44.4%
2002 44.8% 48.7% 13.6% 47.4%
2001 44.1% 49.4% 12.4% 50.8%
2000 43.2% 52.2% 12.3% 55.4%
1999 44.3% 58.6% 12.8% 62.9%
1998 44.6% 62.7% 11.4% 62.2%
1997 45.7% 65.7% 12.8% 73.4%
1996 47.3% 71.2% 13.4% 89.6%
1995 53.9% 73% 15.6% 111.1%
1994 49.4% 73.5% 16.8% 126%
1993 50.9% 76.7% 16.4% 129.2%
1992 50.2% 75.6% 17.6% 117.6%
1991 49.6% 74.8% 14.2% 106.5%
1990 48.8% 75% - -
1989 54.5% 73.7% - -
1988 56.4% 73.7% - -
1987 58.5% 71.3% - -
1986 57% 68.9% - -
1985 57.3% 67.1% - -
1984 58.1% 61.9% - -
1983 59.1% 58.4% - -
1982 59.1% 52.4% - -
1981 56.8% 46.9% - -
1980 55.2% 43.6% - -
1979 53.7% 39.5% - -
1978 52.3% 38.1% - -
1977 50.6% 34.9% - -
1976 50.8% 35.2% - -
1975 50.8% 36.1% - -
1974 46.4% 36.3% - -
1973 44.6% 38.1% - -
1972 44.9% 41.3% - -
1971 44.6% 43.7% - -
1970 43.2% 46.1% - -
1969 42.1% 48.2% - -
1968 25.4% 54.4% - -
1967 24.1% 55% - -
1966 24.4% 55.6% - -
1965 23.4% 55.8% - -
1964 22.3% 57.1% - -
1963 21.9% 61.7% - -
1962 22.1% 63.8% - -
1961 22.2% 65.9% - -
1960 20.4% 66.7% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

GeoRank.org/economy/netherlands/tanzania | CC BY

In 2024, the Netherlands' government spending was $540B, accounting for 44.4% of its GDP, while Tanzania spent $15.1B, or 19.1% of GDP.

Debt-to-GDP ratio is 43.8% in the Netherlands and 49.9% in Tanzania, ranking 123/185 and 109/185, respectively.

Government deficit by year

Deficit/surplus
Netherlands

Tanzania
1x
Year Deficit/surplus, % of GDP
Netherlands Tanzania
2024 -0.94% -3.03%
2023 -0.37% -3.67%
2022 0.002% -3.92%
2021 -2.26% -3.55%
2020 -3.72% -2.56%
2019 1.91% -2.06%
2018 1.49% -2.01%
2017 1.35% -1.14%
2016 0.23% -2.08%
2015 -1.84% -3.17%
2014 -2.17% -2.91%
2013 -2.87% -3.76%
2012 -3.83% -4%
2011 -4.42% -3.51%
2010 -5.3% -4.74%
2009 -5.06% -4.46%
2008 -0.06% -1.92%
2007 -0.16% -1.44%
2006 0.04% -3.38%
2005 -0.51% -3.28%
2004 -1.82% -2.43%
2003 -3.19% -1.77%
2002 -2.23% -0.73%
2001 -0.47% -0.41%
2000 1.14% -0.73%
1999 0.28% -1.14%
1998 -1.34% 0.13%
1997 -1.6% -0.03%
1996 -1.91% 1.57%
1995 -8.72% -2.12%
1994 -3.53% -3.74%
1993 -3.13% -2.02%
1992 -3.12% -4.96%
1991 -2.05% 0.6%
1990 -4.08% -
1989 -5% -
1988 -4.23% -
1987 -5.39% -
1986 -4.62% -
1985 -3.6% -
1984 -5.25% -
1983 -5.47% -
1982 -6.17% -
1981 -4.92% -
1980 -3.95% -
1979 -2.46% -
1978 -2.09% -
1977 -0.75% -
1976 -2.02% -
1975 -2.82% -
1974 -0.26% -
1973 0.54% -
1972 -0.7% -
1971 -1.58% -
1970 -1.52% -
1969 -1.14% -
1968 -3.06% -
1967 -1.97% -
1966 -2.37% -
1965 -1.15% -
1964 -1.2% -
1963 -0.54% -
1962 -1.38% -
1961 -0.38% -
1960 0.9% -
1959 -0.74% -
1958 -0.89% -
1957 0.3% -
1956 -0.83% -
1955 -0.25% -
1954 0.76% -
1953 -2.95% -
1952 2.19% -
1951 2.13% -
1950 0.81% -
1949 2.3% -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 -3.19% -
1938 -0.37% -
1937 0.02% -
1936 -0.41% -
1935 -0.69% -
1934 -0.92% -
1933 -2.55% -
1932 -1.97% -
1931 -1.66% -
1930 -0.55% -
1929 -1.16% -
1928 -0.62% -
1927 -0.33% -
1926 -0.78% -
1925 -2.04% -
1924 -3.37% -
1923 -2.62% -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 -0.45% -
1912 -0.47% -
1911 -0.13% -
1910 -0.93% -
1909 -0.34% -
1908 -0.57% -
1907 0.03% -
1906 0.16% -
1905 0.1% -
1904 -0.72% -
1903 0.09% -
1902 -0.14% -
1901 0.03% -
1900 0.06% -
1899 -0.13% -
1898 -0.48% -
1897 -0.45% -
1896 0.08% -
1895 -0.06% -
1894 0.12% -
1893 -0.76% -
1892 -1.72% -
1891 -0.06% -
1890 -0.06% -
1889 0.04% -
1888 -0.31% -
1887 -0.37% -
1886 -0.08% -
1885 -0.55% -
1884 0% -
1883 -2.1% -
1882 -1.11% -
1881 -1.06% -
1880 0.21% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/netherlands/tanzania | CC BY

In 2024, the Netherlands' government deficit, the difference between spending and revenue, was $11.5B, equivalent to 0.94% of GDP. This compares to Tanzania's deficit of $2.39B, or 3.03% of GDP.

Over the past 34 years, the Netherlands recorded a fiscal deficit in 26 of those years, while Tanzania ran a deficit in 31 years. On average, the Netherlands posted an annual deficit equal to 1.77% of GDP, compared to deficit of 2.3% of GDP for Tanzania.

Inflation comparison by year

Inflation
Netherlands

Tanzania
1x
Year Consumer prices inflation
Netherlands Tanzania
2024 3.35% 3.06%
2023 3.84% 3.8%
2022 10% 4.35%
2021 2.68% 3.69%
2020 1.27% 3.29%
2019 2.63% 3.46%
2018 1.7% 3.49%
2017 1.38% 5.32%
2016 0.32% 5.17%
2015 0.6% 5.59%
2014 0.98% 6.13%
2013 2.51% 7.87%
2012 2.46% 16%
2011 2.34% 12.7%
2010 1.28% 6.2%
2009 1.19% 12.1%
2008 2.49% 10.3%
2007 1.61% 7.03%
2006 1.1% 7.25%
2005 1.69% 5.03%
2004 1.26% 4.74%
2003 2.09% 5.3%
2002 3.29% 5.32%
2001 4.16% 5.15%
2000 2.36% 5.92%
1999 2.16% 7.89%
1998 1.96% 12.8%
1997 2.11% 16.1%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/netherlands/tanzania | CC BY

Over the past 28 years, the Netherlands has recorded an average annual inflation rate of 2.31%, compared with 6.97% in Tanzania. In 2024, inflation was 3.35% in the Netherlands and 3.06% in Tanzania.

Top exports between countries

Netherlands
Export category Export value
Machinery & equipment $124M
Chemicals & pharma $17.9M
Processed food, beverages & tobacco $14.9M
Raw materials & minerals $13.4M
Metals $6.24M
Animal & marine products $6.22M
Textiles & consumer goods $3.65M
Raw agricultural goods $2.33M
Wood & paper products $1.94M
Miscellaneous $90K
Tanzania
Export category Export value
Raw agricultural goods $79.8M
Animal & marine products $19.1M
Processed food, beverages & tobacco $16.8M
Raw materials & minerals $6.33M
Machinery & equipment $4.09M
Textiles & consumer goods $325K
Chemicals & pharma $140K
Metals $92K
Precious metals & jewellery $9K
Wood & paper products $4K

Balance of trade

Netherlands Tanzania
Current account balance
$111B
2024
-$2.38B
2024
Current account balance ranking
5/190
2024
147/190
2024
Current account balance, % of GDP
+9.13%
2024
-3.02%
2024
Goods imports
$606B
2024
$14.2B
2024
Goods exports
$693B
2024
$9.12B
2024
Service imports
$262B
2024
$2.8B
2024
Service exports
$308B
2024
$6.85B
2024
Imports of goods and services, % of GDP
71.4%
2024
21.7%
2024
Exports of goods and services, % of GDP
82.4%
2024
19.8%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Netherlands Tanzania
Economic freedom 78.5 59
Economic freedom ranking 11/197 106/197
Property rights 96 45.2
Government integrity 86.8 40.9
Judicial effectiveness 96.1 29.6
Tax burden 54 80.4
Government spending 42.2 89.1
Fiscal health 95.9 75
Business freedom 85 48.1
Labor freedom 59.3 62.3
Monetary freedom 77 73.4
Trade freedom 79.4 58.8
Investment freedom 90 55
Financial freedom 80 50

Economic freedom comparison by year

Netherlands
Tanzania
1x
Year Economic freedom index
Netherlands Tanzania
2026 78.5 59
2025 78.2 59.3
2024 77.3 59.1
2023 78 60
2022 79.5 59.5
2021 76.8 61.3
2020 77 61.7
2019 76.8 60.2
2018 76.2 59.9
2017 75.8 58.6
2016 74.6 58.5
2015 73.7 57.5
2014 74.2 57.8
2013 73.5 57.9
2012 73.3 57
2011 74.7 57
2010 75 58.3
2009 77 58.3
2008 77.4 56.5
2007 75.5 56.8
2006 75.4 58.5
2005 72.9 56.3
2004 74.5 60.1
2003 74.6 56.9
2002 75.1 58.3
2001 73 54.9
2000 70.4 56
1999 70.2 60
1998 69.2 59.6
1997 70.4 59.3
1996 69.7 57.5
1995 - 57.3

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/netherlands/tanzania | CC BY

The Economic Freedom Index for the Netherlands is 78.5, ranking 11/197, compared to 59 for Tanzania, ranking 106/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Netherlands Tanzania
Services, % of GDP
70.5%
2024
29.6%
2024
Industry, % of GDP
17.5%
2024
28.6%
2024
Agriculture, forestry, and fishing, % of GDP
1.73%
2024
23.3%
2024
GNI, Atlas method
$1.12T
2024
$80.2B
2024
GNI per capita, PPP
$84,970
2024
$4,130
2024
Total reserves including gold
$79.1B
2024
$5.05B
2018
Total reserves ranking
34/177
2024
101/177
2018
Net foreign direct investment
$11.1B
2024
-$1.72B
2024
Net inflows of foreign direct investment
-$17.1B
2024
$1.72B
2024
Net outflows of foreign direct investment
-$5.93B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
2.57%
2024
Poverty at national poverty lines
14.5%
2021
26.4%
2018
Gross capital formation, % of GDP
19.7%
2024
39.8%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/netherlands/tanzania | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.