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Economy of Tanzania vs Thailand compared: GDP & Debt

Updated on by Georank

Tanzania has a GDP of $90.1B compared to $577B for Thailand, ranking 83/197 and 30/197 by economy size, respectively.

Tanzania has $44.8B in government debt (49.7% of GDP), compared to $373B (64.7% of GDP) in Thailand.

Tanzania vs Thailand GDP by year

Tanzania
Thailand
1x
Year GDP, current $
Tanzania Thailand
2025 $90,143,496,090 $577,009,981,112
2024 $79,235,713,445 $529,385,520,942
2023 $79,030,935,638 $517,013,369,475
2022 $75,749,121,847 $495,691,837,308
2021 $70,655,628,148 $506,049,783,825
2020 $66,068,737,786 $500,274,927,779
2019 $61,026,731,926 $543,976,691,794
2018 $57,003,712,892 $506,754,208,404
2017 $53,274,884,533 $456,356,813,537
2016 $49,774,409,374 $413,366,349,748
2015 $47,413,919,817 $401,296,238,228
2014 $49,986,726,461 $407,339,040,198
2013 $45,648,857,242 $420,333,654,593
2012 $39,650,394,363 $397,558,325,279
2011 $34,657,140,096 $370,818,739,624
2010 $32,012,892,919 $341,104,766,329
2009 $29,400,573,554 $281,710,630,187
2008 $27,947,821,398 $291,382,982,431
2007 $21,860,434,823 $262,942,621,455
2006 $18,619,859,795 $221,758,296,022
2005 $18,395,383,647 $189,318,408,469
2004 $16,673,062,473 $172,895,685,155
2003 $15,211,487,709 $152,280,615,246
2002 $14,129,651,896 $134,300,904,400
2001 $13,563,990,022 $120,296,476,180
2000 $13,371,767,082 $126,392,224,254
1999 $12,704,334,196 $126,669,211,779
1998 $12,172,790,056 $113,675,596,788
1997 $11,158,197,942 $150,180,456,566
1996 $9,433,528,150 $183,035,237,429
1995 $7,631,431,840 $169,278,916,593
1994 $6,550,480,484 $146,683,778,959
1993 $6,182,872,708 $128,889,262,951
1992 $6,681,997,469 $111,452,746,518
1991 $7,197,768,159 $98,234,714,971
1990 $6,184,384,225 $85,343,190,719
1989 $6,418,799,007 $72,250,748,100
1988 $7,406,614,407 $61,667,253,471
1987 $7,824,193,222 $50,535,446,555
1986 $10,840,864,521 $43,096,773,981
1985 $15,328,295,175 $38,900,711,333
1984 $12,906,635,133 $41,797,647,776
1983 $14,049,883,809 $40,042,798,388
1982 $13,927,383,240 $36,589,772,404
1981 $13,161,540,378 $34,846,039,194
1980 $11,409,228,087 $32,353,514,989
1979 $9,804,637,491 $27,371,650,825
1978 $9,261,675,710 $24,006,566,637
1977 $7,732,598,995 $19,779,312,261
1976 $6,472,511,988 $16,985,208,648
1975 $5,729,917,840 $14,882,770,594
1974 $4,977,337,978 $13,702,998,512
1973 $4,144,104,535 $10,838,587,358
1972 $3,472,787,266 $8,177,873,151
1971 $3,050,673,517 $7,375,000,024
1970 $2,851,419,386 $7,086,538,438
1969 $5,142,066,811 $6,695,336,567
1968 $4,895,251,824 $6,081,009,428
1967 $4,565,132,048 $5,638,461,442
1966 $4,377,998,825 $5,279,230,817
1965 $3,817,226,546 $4,388,937,649
1964 $3,748,840,925 $3,889,129,942
1963 $3,456,579,293 $3,540,403,457
1962 $3,101,589,993 $3,308,912,797
1961 $2,826,179,031 $3,034,037,811
1960 $2,651,729,807 $2,760,750,861

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Tanzania vs Thailand by year

Tanzania
GDP per capita

GDP per capita, PPP
Thailand
GDP per capita

GDP per capita, PPP
1x
Year Current $
Tanzania Thailand
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,278 - $8,057 -
2024 $1,156 $4,221 $7,387 $24,712
2023 $1,186 $4,019 $7,211 $23,519
2022 $1,171 $3,800 $6,910 $22,243
2021 $1,125 $3,493 $7,055 $20,243
2020 $1,084 $3,291 $6,983 $19,164
2019 $1,031 $2,982 $7,606 $19,963
2018 $992 $2,728 $7,100 $18,876
2017 $957 $2,472 $6,413 $17,573
2016 $925 $2,435 $5,834 $16,671
2015 $911 $2,317 $5,689 $15,791
2014 $993 $2,221 $5,801 $15,365
2013 $935 $2,176 $6,018 $15,216
2012 $837 $2,083 $5,726 $14,617
2011 $753 $2,211 $5,374 $13,227
2010 $715 $2,069 $4,974 $12,932
2009 $674 $1,972 $4,135 $11,964
2008 $657 $1,908 $4,309 $12,062
2007 $528 $1,820 $3,919 $11,723
2006 $462 $1,707 $3,331 $10,912
2005 $469 $1,598 $2,868 $10,169
2004 $438 $1,482 $2,642 $9,545
2003 $410 $1,379 $2,348 $8,824
2002 $391 $1,302 $2,090 $8,148
2001 $385 $1,229 $1,890 $7,632
2000 $390 $1,164 $2,006 $7,289
1999 $382 $1,120 $2,033 $6,901
1998 $375 $1,082 $1,848 $6,590
1997 $353 $1,059 $2,473 $7,148
1996 $305 $1,026 $3,055 $7,322
1995 $251.2 $981 $2,864 $6,901
1994 $222.5 $958 $2,518 $6,341
1993 $218.2 $959 $2,245 $5,834
1992 $243.4 $955 $1,972 $5,347
1991 $268.8 $952 $1,766 $4,914
1990 $236.9 $925 $1,559 $4,451
1989 $252.3 - $1,342 -
1988 $299 - $1,164 -
1987 $326 - $970 -
1986 $466 - $842 -
1985 $681 - $774 -
1984 $593 - $847 -
1983 $667 - $827 -
1982 $683 - $770 -
1981 $665 - $748 -
1980 $595 - $709 -
1979 $527 - $612 -
1978 $515 - $548 -
1977 $446 - $462 -
1976 $387 - $405 -
1975 $355 - $364 -
1974 $320 - $343 -
1973 $276.1 - $278.3 -
1972 $239.8 - $215.6 -
1971 $218.4 - $199.7 -
1970 $211.3 - $197.1 -
1969 $394 - $191.4 -
1968 $388 - $178.8 -
1967 $374 - $170.7 -
1966 $370 - $164.5 -
1965 $333 - $140.9 -
1964 $337 - $128.6 -
1963 $320 - $120.7 -
1962 $295.7 - $116.2 -
1961 $277.4 - $109.7 -
1960 $267.8 - $102.8 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Tanzania's GDP per capita is $1,278, ranking 171/197, compared to $8,057 in Thailand, ranking 97/197. Adjusted for purchasing power (GDP per capita PPP), Tanzania ranks 165th at $4,221, while Thailand ranks 85th at $24,712.

Economic indicators

Tanzania Thailand
Gross domestic product
$90.1B
2025
$577B
2025
GDP rank
83/197
2025
30/197
2025
GDP growth
5.85%
2024-2025
2.44%
2024-2025
GDP per capita
$1,278
2025
$8,057
2025
GDP per capita rank
171/197
2025
97/197
2025
GDP per capita, PPP
$4,221
2024
$24,712
2024
GDP per capita PPP rank
165/197
2024
85/197
2024
Government debt
$44.8B
2025
$373B
2025
Debt-to-GDP ratio
49.7%
2025
64.7%
2025
Government debt per person
$635
2025
$5,211
2025
Government debt per person rank
159/185
2025
83/185
2025
Average annual personal income after taxes
$1,203
2026
$7,438
2026
Market capitalization of domestic companies
$9.78B
2025
$512B
2025
Number of millionaires n/a
100,001
2024
Number of billionaires
1
2026
25
2026
Income share by richest 10%
33.1%
2018
26%
2024
Income share by poorest 10%
2.9%
2018
3.4%
2024
Government expenditure, % of GDP
19.9%
2025
23%
2025
Consumer prices inflation
3.33%
2024-2025
-0.13%
2024-2025
Central bank interest rate
5.75%
2025
1.5%
2025
Unemployment rate
2.43%
2024
0.6%
2025
Population
73639263
71565981

Spending and national debt comparison by year

Tanzania
Spending

Debt
Thailand
Spending

Debt
1x
Year % of GDP
Tanzania Thailand
Government spending Government debt Government spending Government debt
2025 19.9% 49.7% 23% 64.7%
2024 19.1% 49.9% 22.6% 62.9%
2023 19% 47.8% 22.7% 62.2%
2022 19.1% 44.9% 24.7% 60.5%
2021 18.4% 43.4% 26.8% 58.4%
2020 17.4% 41.3% 24.9% 49.4%
2019 17.3% 40.4% 20.6% 41.1%
2018 17.3% 42% 21.2% 41.9%
2017 16.4% 40.1% 21.6% 41.8%
2016 16.9% 39.8% 21.4% 41.7%
2015 17.2% 39.5% 22.3% 42.6%
2014 17.3% 36.4% 22.2% 43.3%
2013 18.8% 32.7% 21.6% 42.2%
2012 19.6% 30% 22.3% 41.9%
2011 19% 28.4% 21.1% 39.1%
2010 19.8% 27.6% 22% 39.8%
2009 19.6% 23.9% 21.7% 42.4%
2008 18.1% 21.6% 19.2% 34.9%
2007 17.8% 23.8% 20% 36%
2006 17.6% 17.4% 18.7% 39.2%
2005 18.3% 25.4% 19.6% 45.5%
2004 17% 44.5% 19.3% 46.3%
2003 15.4% 44.4% 18.3% 47.5%
2002 13.6% 47.4% 25.7% 54.9%
2001 12.4% 50.8% 20.8% 57.5%
2000 12.3% 55.4% 19.3% 57.8%
1999 12.8% 62.9% 26.5% 56.6%
1998 11.4% 62.2% 23.9% 49.9%
1997 12.8% 73.4% 21.6% 40.5%
1996 13.4% 89.6% 18% 15.2%
1995 15.6% 111.1% 17.2% 5.12%
1994 16.8% 126% 16% 6.69%
1993 16.4% 129.2% 18.8% 9.14%
1992 17.6% 117.6% 17.8% 11.4%
1991 14.2% 106.5% 17% 14.1%
1990 - - 16.6% 18%
1989 - - 16.5% 23.7%
1988 - - 15.1% 30.3%
1987 - - 17.5% 38.8%
1986 - - 19.5% 40.1%
1985 - - 20.5% 36.8%
1984 - - 19.3% 30.6%
1983 - - 19.5% 28.9%
1982 - - 20.2% 27.1%
1981 - - 19.1% 24.4%
1980 - - 18.7% 22.1%
1979 - - 16.9% 23.7%
1978 - - 16.6% 22.8%
1977 - - 16.1% 22.4%
1976 - - 15.6% 22%
1975 - - 14.2% 15.8%
1974 - - 13.2% 16.3%
1973 - - 15.9% 21.2%
1972 - - 18.5% 26.8%
1971 - - 18.8% 21.5%
1970 - - 17.6% 18.5%
1969 - - 15.9% 17.7%
1968 - - 16% 15.5%
1967 - - 15.5% 15%
1966 - - 14.7% 14.4%
1965 - - 14.7% 14.8%
1964 - - 13.3% 13.3%
1963 - - 12% 12.6%
1962 - - 11.9% 13.4%
1961 - - 9.58% 12.9%
1960 - - 12.1% 14.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-07-08).

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

In 2025, Tanzania's government spending was $18B, accounting for 19.9% of its GDP, while Thailand spent $133B, or 23% of GDP.

Debt-to-GDP ratio is 49.7% in Tanzania and 64.7% in Thailand, ranking 105/185 and 67/185, respectively.

Government deficit by year

Deficit/surplus
Tanzania

Thailand
1x
Year Deficit/surplus, % of GDP
Tanzania Thailand
2025 -3.04% -1.91%
2024 -3.03% -1.29%
2023 -3.67% -1.91%
2022 -3.92% -4.61%
2021 -3.55% -6.72%
2020 -2.56% -4.47%
2019 -2.06% 0.43%
2018 -2.01% 0.2%
2017 -1.14% -0.51%
2016 -2.08% 0.41%
2015 -3.17% 0.19%
2014 -2.91% -0.7%
2013 -3.76% 0.6%
2012 -4% -0.86%
2011 -3.51% 0.09%
2010 -4.74% -1.07%
2009 -4.46% -2.21%
2008 -1.92% 0.8%
2007 -1.44% 0.22%
2006 -3.38% 1.87%
2005 -3.28% 2.17%
2004 -2.43% 1.11%
2003 -1.77% 1.98%
2002 -0.73% -6.72%
2001 -0.41% -1.77%
2000 -0.73% -1.79%
1999 -1.14% -9.02%
1998 0.13% -6.29%
1997 -0.03% -1.68%
1996 1.57% 2.75%
1995 -2.12% 3.05%
1994 -3.74% 2.78%
1993 -2.02% 6.67%
1992 -4.96% -0.18%
1991 0.6% 1.6%
1990 - 1.41%
1989 - 0.16%
1988 - 0.58%
1987 - -2.38%
1986 - -4.32%
1985 - -5.11%
1984 - -3.85%
1983 - -4.02%
1982 - -6.18%
1981 - -4.07%
1980 - -4.41%
1979 - -3.62%
1978 - -3.31%
1977 - -2.91%
1976 - -3.35%
1975 - -1.73%
1974 - 1.29%
1973 - -2.7%
1972 - -4.81%
1971 - -5.47%
1970 - -3.73%
1969 - -2.53%
1968 - -2.79%
1967 - -2.1%
1966 - -1.13%
1965 - -1.05%
1964 - -1.01%
1963 - -0.81%
1962 - -0.27%
1961 - 0.05%
1960 - 0.48%
1959 - -1.15%
1958 - -0.91%
1957 - -1.31%
1956 - -1.38%
1955 - -1.65%
1954 - -3.46%
1953 - -3.56%
1952 - -2.4%
1951 - -3.54%
1950 - -0.7%
1949 - 0.7%
1948 - -0.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1948–1994, retrieved 2026-07-08).

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

In 2025, Tanzania's government deficit, the difference between spending and revenue, was $2.74B, equivalent to 3.04% of GDP. This compares to Thailand's deficit of $11B, or 1.91% of GDP.

Over the past 35 years, Tanzania recorded a fiscal deficit in 32 of those years, while Thailand ran a deficit in 18 years. On average, Tanzania posted an annual deficit equal to 2.33% of GDP, compared to deficit of 0.77% of GDP for Thailand.

Inflation comparison by year

Inflation
Tanzania

Thailand
1x
Year Consumer prices inflation
Tanzania Thailand
2025 3.33% -0.13%
2024 3.06% 0.4%
2023 3.8% 1.23%
2022 4.35% 6.08%
2021 3.69% 1.23%
2020 3.29% -0.85%
2019 3.46% 0.71%
2018 3.49% 1.07%
2017 5.32% 0.66%
2016 5.17% 0.19%
2015 5.59% -0.9%
2014 6.13% 1.89%
2013 7.87% 2.19%
2012 16% 3.01%
2011 12.7% 3.81%
2010 6.2% 3.25%
2009 12.1% -0.85%
2008 10.3% 5.47%
2007 7.03% 2.24%
2006 7.25% 4.64%
2005 5.03% 4.54%
2004 4.74% 2.76%
2003 5.3% 1.8%
2002 5.32% 0.7%
2001 5.15% 1.63%
2000 5.92% 1.59%
1999 7.89% 0.28%
1998 12.8% 7.99%
1997 16.1% 5.63%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Tanzania has recorded an average annual inflation rate of 6.84%, compared with 2.15% in Thailand. In 2025, inflation was 3.33% in Tanzania and -0.13% in Thailand.

Top exports between countries

Tanzania
Export category Export value
Raw agricultural goods $2.05M
Precious metals & jewellery $1.61M
Textiles & consumer goods $500K
Animal & marine products $484K
Metals $332K
Chemicals & pharma $153K
Machinery & equipment $117K
Raw materials & minerals $81K
Processed food, beverages & tobacco $22K
Wood & paper products $3K
Thailand
Export category Export value
Machinery & equipment $55.5M
Chemicals & pharma $28.2M
Raw agricultural goods $27M
Raw materials & minerals $18.7M
Processed food, beverages & tobacco $14.3M
Textiles & consumer goods $7.86M
Metals $7.81M
Wood & paper products $5.44M
Miscellaneous $176K
Precious metals & jewellery $141K

Balance of trade

Tanzania Thailand
Current account balance
-$2.38B
2024
$15.9B
2025
Current account balance ranking
144/190
2024
20/190
2025
Current account balance, % of GDP
-3%
2024
+2.76%
2025
Goods imports
$14.2B
2024
$312B
2025
Goods exports
$9.12B
2024
$335B
2025
Service imports
$2.8B
2024
$77.2B
2025
Service exports
$6.85B
2024
$76.2B
2025
Imports of goods and services, % of GDP
20%
2025
67.3%
2025
Exports of goods and services, % of GDP
19%
2025
71.1%
2025

Economic freedom indices

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

Tanzania Thailand
Economic freedom 59 62.2
Economic freedom ranking 106/197 88/197
Property rights 45.2 41.8
Government integrity 40.9 38.9
Judicial effectiveness 29.6 35
Tax burden 80.4 80.8
Government spending 89.1 83.6
Fiscal health 75 81
Business freedom 48.1 69.9
Labor freedom 62.3 56.4
Monetary freedom 73.4 73.3
Trade freedom 58.8 70.2
Investment freedom 55 55
Financial freedom 50 60

Economic freedom comparison by year

Tanzania
Thailand
1x
Year Economic freedom index
Tanzania Thailand
2026 59 62.2
2025 59.3 60.6
2024 59.1 59
2023 60 60.6
2022 59.5 63.2
2021 61.3 69.7
2020 61.7 69.4
2019 60.2 68.3
2018 59.9 67.1
2017 58.6 66.2
2016 58.5 63.9
2015 57.5 62.4
2014 57.8 63.3
2013 57.9 64.1
2012 57 64.9
2011 57 64.7
2010 58.3 64.1
2009 58.3 63
2008 56.5 62.3
2007 56.8 63.5
2006 58.5 63.3
2005 56.3 62.5
2004 60.1 63.7
2003 56.9 65.8
2002 58.3 69.1
2001 54.9 68.9
2000 56 66.6
1999 60 66.9
1998 59.6 67.3
1997 59.3 66.1
1996 57.5 71
1995 57.3 71.3

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Tanzania is 59, ranking 106/197, compared to 62.2 for Thailand, ranking 88/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Tanzania Thailand
Services, % of GDP
28.8%
2025
60.2%
2025
Industry, % of GDP
29.8%
2025
31.1%
2025
Agriculture, forestry, and fishing, % of GDP
22.9%
2025
8.75%
2025
GNI, Atlas method
$87B
2025
$551B
2025
GNI per capita, PPP
$4,370
2025
$25,570
2025
Total reserves including gold
$5.05B
2018
$282B
2025
Total reserves ranking
106/177
2018
15/177
2025
Net foreign direct investment
-$1.72B
2024
-$9.51B
2025
Net inflows of foreign direct investment
$1.72B
2024
$14.3B
2024
Net outflows of foreign direct investment
$0
2024
$7.36B
2024
Servicing debt to the IMF, % of GNI
2.56%
2024
3.51%
2024
Poverty at national poverty lines
26.4%
2018
5.4%
2022
Gross capital formation, % of GDP
40.7%
2025
22.1%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1948–2000, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.