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Economy of Tanzania vs Vanuatu compared: GDP & Debt

Updated on by Georank team

Tanzania has a GDP of $78.8B compared to $1.12B for Vanuatu, ranking 82/197 and 188/197 by economy size, respectively.

Tanzania has $39.3B in government debt (49.9% of GDP), compared to $507M (45.3% of GDP) in Vanuatu.

Tanzania vs Vanuatu GDP by year

Tanzania
Vanuatu
1x
Year GDP, current $
Tanzania Vanuatu
2024 $78,844,405,385 $1,117,972,034
2023 $79,030,935,627 $1,115,861,056
2022 $75,749,121,843 $1,055,031,361
2021 $70,655,628,148 $950,394,007
2020 $66,068,737,786 $909,421,044
2019 $61,026,731,926 $936,526,268
2018 $57,003,712,892 $914,727,908
2017 $53,274,884,533 $880,043,284
2016 $49,774,409,374 $804,323,577
2015 $47,413,919,817 $759,690,181
2014 $49,986,726,461 $773,717,011
2013 $45,648,857,242 $758,304,466
2012 $39,650,394,363 $747,839,698
2011 $34,657,140,096 $770,153,588
2010 $32,012,892,919 $670,712,980
2009 $29,400,573,554 $592,622,319
2008 $27,947,821,398 $590,748,429
2007 $21,860,434,823 $516,392,923
2006 $18,619,859,795 $439,358,587
2005 $18,395,383,647 $394,962,433
2004 $16,673,062,473 $364,996,869
2003 $15,211,487,709 $314,471,413
2002 $14,129,651,896 $262,596,536
2001 $13,563,990,022 $257,926,882
2000 $13,371,767,082 $272,014,628
1999 $12,704,334,196 $268,006,973
1998 $12,172,790,056 $262,293,411
1997 $11,158,197,942 $272,771,209
1996 $9,433,528,150 $261,370,044
1995 $7,631,431,840 $249,333,250
1994 $6,550,480,484 $233,701,301
1993 $6,182,872,708 $200,491,853
1992 $6,681,997,469 $209,088,825
1991 $7,197,768,159 $201,334,169
1990 $6,184,384,225 $168,879,207
1989 $6,418,799,007 $154,013,202
1988 $7,406,614,407 $158,351,368
1987 $7,824,193,222 $139,464,174
1986 $10,840,864,521 $126,498,935
1985 $15,328,295,175 $131,856,421
1984 $12,906,635,133 $144,482,515
1983 $14,049,883,809 $117,389,554
1982 $13,927,383,240 $114,501,913
1981 $13,161,540,378 $113,781,796
1980 $11,409,228,087 $121,185,498
1979 $9,804,637,491 $119,258,835
1978 $9,261,675,710 -
1977 $7,732,598,995 -
1976 $6,472,511,988 -
1975 $5,729,917,840 -
1974 $4,977,337,978 -
1973 $4,144,104,535 -
1972 $3,472,787,266 -
1971 $3,050,673,517 -
1970 $2,851,419,386 -
1969 $5,142,066,811 -
1968 $4,895,251,824 -
1967 $4,565,132,048 -
1966 $4,377,998,825 -
1965 $3,817,226,546 -
1964 $3,748,840,925 -
1963 $3,456,579,293 -
1962 $3,101,589,993 -
1961 $2,826,179,031 -
1960 $2,651,729,807 -

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

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

GDP per capita in Tanzania vs Vanuatu by year

Tanzania
GDP per capita

GDP per capita, PPP
Vanuatu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Tanzania Vanuatu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,150 $4,221 $3,411 $3,606
2023 $1,186 $4,019 $3,483 $3,568
2022 $1,171 $3,800 $3,370 $3,453
2021 $1,125 $3,493 $3,107 $3,136
2020 $1,084 $3,291 $3,043 $3,118
2019 $1,031 $2,982 $3,207 $3,315
2018 $992 $2,728 $3,207 $3,233
2017 $957 $2,472 $3,160 $3,146
2016 $925 $2,435 $2,956 $3,030
2015 $911 $2,317 $2,855 $2,966
2014 $993 $2,221 $2,973 $2,890
2013 $935 $2,176 $2,980 $2,832
2012 $837 $2,083 $3,005 $2,834
2011 $753 $2,211 $3,163 $2,816
2010 $715 $2,069 $2,815 $2,733
2009 $674 $1,972 $2,546 $2,730
2008 $657 $1,908 $2,604 $2,701
2007 $528 $1,820 $2,334 $2,573
2006 $462 $1,707 $2,035 $2,496
2005 $469 $1,598 $1,874 $2,287
2004 $438 $1,482 $1,774 $2,157
2003 $410 $1,379 $1,567 $2,070
2002 $391 $1,302 $1,341 $1,995
2001 $385 $1,229 $1,350 $2,125
2000 $390 $1,164 $1,460 $2,206
1999 $382 $1,120 $1,472 $2,084
1998 $375 $1,082 $1,471 $2,091
1997 $353 $1,059 $1,562 $2,087
1996 $305 $1,026 $1,529 $1,998
1995 $251.2 $981 $1,492 $1,961
1994 $222.5 $958 $1,431 $1,946
1993 $218.2 $959 $1,257 $1,789
1992 $243.4 $955 $1,344 $1,777
1991 $268.8 $952 $1,326 $1,737
1990 $236.9 $925 $1,141 $1,670
1989 $252.3 - $1,067 -
1988 $299 - $1,125 -
1987 $326 - $1,017 -
1986 $466 - $946 -
1985 $681 - $1,012 -
1984 $593 - $1,137 -
1983 $667 - $947 -
1982 $683 - $946 -
1981 $665 - $962 -
1980 $595 - $1,048 -
1979 $527 - $1,055 -
1978 $515 - - -
1977 $446 - - -
1976 $387 - - -
1975 $355 - - -
1974 $320 - - -
1973 $276.1 - - -
1972 $239.8 - - -
1971 $218.4 - - -
1970 $211.3 - - -
1969 $394 - - -
1968 $388 - - -
1967 $374 - - -
1966 $370 - - -
1965 $333 - - -
1964 $337 - - -
1963 $320 - - -
1962 $295.7 - - -
1961 $277.4 - - -
1960 $267.8 - - -

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

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

Tanzania's GDP per capita is $1,150, ranking 170/197, compared to $3,411 in Vanuatu, ranking 137/197. Adjusted for purchasing power (GDP per capita PPP), Tanzania ranks 165th at $4,221, while Vanuatu ranks 170th at $3,606.

Economic indicators

Tanzania Vanuatu
Gross domestic product
$78.8B
2024
$1.12B
2024
GDP rank
82/197
2024
188/197
2024
GDP growth
5.53%
2023-2024
0.94%
2023-2024
GDP per capita
$1,150
2024
$3,411
2024
GDP per capita rank
170/197
2024
137/197
2024
GDP per capita, PPP
$4,221
2024
$3,606
2024
GDP per capita PPP rank
165/197
2024
170/197
2024
Government debt
$39.3B
2024
$507M
2024
Debt-to-GDP ratio
49.9%
2024
45.3%
2024
Government debt per person
$573
2024
$1,546
2024
Government debt per person rank
160/185
2024
131/185
2024
Average annual personal income after taxes
$2,309
2026
$3,164
2026
Market capitalization of domestic companies
$7.32B
2024
n/a
Number of billionaires
1
2025
n/a
Income share by richest 10%
33.1%
2018
24.7%
2019
Income share by poorest 10%
2.9%
2018
3%
2019
Government expenditure, % of GDP
19.1%
2024
41.1%
2024
Consumer prices inflation
3.06%
2023-2024
11.2%
2022-2023
Central bank interest rate
6%
2024
n/a
Unemployment rate
2.43%
2024
4.05%
2020
Population
73145892
344750

Spending and national debt comparison by year

Tanzania
Spending

Debt
Vanuatu
Spending

Debt
1x
Year % of GDP
Tanzania Vanuatu
Government spending Government debt Government spending Government debt
2024 19.1% 49.9% 41.1% 45.3%
2023 19% 47.8% 41.6% 41.8%
2022 19.1% 44.9% 42% 42.8%
2021 18.4% 43.4% 44.4% 48.5%
2020 17.4% 41.3% 43.4% 48%
2019 17.3% 40.4% 39.8% 45.1%
2018 17.3% 42% 33.3% 45.3%
2017 16.4% 40.1% 37.1% 52.6%
2016 16.9% 39.8% 35.2% 42.5%
2015 17.2% 39.5% 42.4% 36.3%
2014 17.3% 36.4% 23.3% 20.2%
2013 18.8% 32.7% 22.9% 18.6%
2012 19.6% 30% 24.5% 19.3%
2011 19% 28.4% 25.1% 21.3%
2010 19.8% 27.6% 28.3% 20.2%
2009 19.6% 23.9% 27.6% 21.1%
2008 18.1% 21.6% 27.8% 21.2%
2007 17.8% 23.8% 22.5% 19.5%
2006 17.6% 17.4% 20.1% 22.2%
2005 18.3% 25.4% 18.3% 26.3%
2004 17% 44.5% 18.5% 30.4%
2003 15.4% 44.4% 18.8% 38.3%
2002 13.6% 47.4% 22.3% 38.8%
2001 12.4% 50.8% 22.3% 37%
2000 12.3% 55.4% 25.4% 36.1%
1999 12.8% 62.9% 23.9% 30.6%
1998 11.4% 62.2% 27.9% 28%
1997 12.8% 73.4% 22.2% 22.9%
1996 13.4% 89.6% 24.5% 23.1%
1995 15.6% 111.1% 28% 24.1%
1994 16.8% 126% 24.4% 21.6%
1993 16.4% 129.2% 26.2% 20.3%
1992 17.6% 117.6% 31.8% 21%
1991 14.2% 106.5% 33.2% 15.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1991–2000, retrieved 2026-02-20).

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

In 2024, Tanzania's government spending was $15.1B, accounting for 19.1% of its GDP, while Vanuatu spent $459M, or 41.1% of GDP.

Debt-to-GDP ratio is 49.9% in Tanzania and 45.3% in Vanuatu, ranking 109/185 and 119/185, respectively.

Government deficit by year

Deficit/surplus
Tanzania

Vanuatu
1x
Year Deficit/surplus, % of GDP
Tanzania Vanuatu
2024 -3.03% -2.34%
2023 -3.67% -0.95%
2022 -3.92% -6.5%
2021 -3.55% 2.38%
2020 -2.56% -1.95%
2019 -2.06% 2.81%
2018 -2.01% 6.26%
2017 -1.14% -1.2%
2016 -2.08% -0.72%
2015 -3.17% -8.66%
2014 -2.91% 1.44%
2013 -3.76% -0.25%
2012 -4% -1.7%
2011 -3.51% -2.19%
2010 -4.74% -2.63%
2009 -4.46% -0.85%
2008 -1.92% -0.04%
2007 -1.44% 0.28%
2006 -3.38% 0.49%
2005 -3.28% 1.86%
2004 -2.43% 0.8%
2003 -1.77% -1.35%
2002 -0.73% -3.63%
2001 -0.41% -3.33%
2000 -0.73% -6.28%
1999 -1.14% -0.55%
1998 0.13% -6.65%
1997 -0.03% -0.51%
1996 1.57% -1.78%
1995 -2.12% -2.59%
1994 -3.74% -1.49%
1993 -2.02% -3.67%
1992 -4.96% -2.32%
1991 0.6% -2.81%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

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

In 2024, Tanzania's government deficit, the difference between spending and revenue, was $2.39B, equivalent to 3.03% of GDP. This compares to Vanuatu's deficit of $26.2M, or 2.34% of GDP.

Over the past 34 years, Tanzania recorded a fiscal deficit in 31 of those years, while Vanuatu ran a deficit in 26 years. On average, Tanzania posted an annual deficit equal to 2.3% of GDP, compared to deficit of 1.49% of GDP for Vanuatu.

Inflation comparison by year

Inflation
Tanzania

Vanuatu
1x
Year Consumer prices inflation
Tanzania Vanuatu
2024 3.06% -
2023 3.8% 11.2%
2022 4.35% 6.68%
2021 3.69% 2.34%
2020 3.29% 5.33%
2019 3.46% 2.76%
2018 3.49% 2.33%
2017 5.32% 3.08%
2016 5.17% 0.84%
2015 5.59% 2.48%
2014 6.13% 0.8%
2013 7.87% 1.46%
2012 16% 1.35%
2011 12.7% 0.87%
2010 6.2% 2.76%
2009 12.1% 4.3%
2008 10.3% 4.84%
2007 7.03% 3.94%
2006 7.25% 2.04%
2005 5.03% 1.2%
2004 4.74% 1.42%
2003 5.3% 3.02%
2002 5.32% 1.96%
2001 5.15% 3.58%
2000 5.92% 2.54%
1999 7.89% 2%
1998 12.8% 3.28%
1997 16.1% 2.83%

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

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

Over the past 27 years, Tanzania has recorded an average annual inflation rate of 7.11%, compared with 3.01% in Vanuatu. In 2023, inflation was 3.06% in Tanzania and 11.2% in Vanuatu.

Balance of trade

Tanzania Vanuatu
Current account balance
-$2.38B
2024
-$127M
2022
Current account balance ranking
147/190
2024
90/190
2022
Current account balance, % of GDP
-3.02%
2024
-12.1%
2022
Goods imports
$14.2B
2024
$350M
2022
Goods exports
$9.12B
2024
$73.6M
2022
Service imports
$2.8B
2024
$230M
2022
Service exports
$6.85B
2024
$78.5M
2022
Imports of goods and services, % of GDP
21.7%
2024
54.2%
2022
Exports of goods and services, % of GDP
19.8%
2024
9.43%
2022

Economic freedom indices

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

Tanzania Vanuatu
Economic freedom 59 61.1
Economic freedom ranking 106/197 92/197
Property rights 45.2 62.1
Government integrity 40.9 48.3
Judicial effectiveness 29.6 67.9
Tax burden 80.4 96.9
Government spending 89.1 48.1
Fiscal health 75 78.8
Business freedom 48.1 50.3
Labor freedom 62.3 41
Monetary freedom 73.4 72.1
Trade freedom 58.8 62
Investment freedom 55 65
Financial freedom 50 40

Economic freedom comparison by year

Tanzania
Vanuatu
1x
Year Economic freedom index
Tanzania Vanuatu
2026 59 61.1
2025 59.3 61.8
2024 59.1 62.2
2023 60 62.1
2022 59.5 62.9
2021 61.3 60.5
2020 61.7 60.7
2019 60.2 56.4
2018 59.9 69.5
2017 58.6 67.4
2016 58.5 60.8
2015 57.5 61.1
2014 57.8 59.5
2013 57.9 56.6
2012 57 56.6
2011 57 56.7
2010 58.3 56.4
2009 58.3 58.4
2008 56.5 -
2007 56.8 -
2006 58.5 -
2005 56.3 -
2004 60.1 -
2003 56.9 -
2002 58.3 -
2001 54.9 -
2000 56 -
1999 60 -
1998 59.6 -
1997 59.3 -
1996 57.5 -
1995 57.3 -

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

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

The Economic Freedom Index for Tanzania is 59, ranking 106/197, compared to 61.1 for Vanuatu, ranking 92/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Tanzania Vanuatu
Services, % of GDP
29.6%
2024
59.1%
2022
Industry, % of GDP
28.6%
2024
7.37%
2022
Agriculture, forestry, and fishing, % of GDP
23.3%
2024
24.3%
2022
GNI, Atlas method
$80.2B
2024
$1.28B
2024
GNI per capita, PPP
$4,130
2024
$4,140
2024
Total reserves including gold
$5.05B
2018
$615M
2024
Total reserves ranking
101/177
2018
152/177
2024
Net foreign direct investment
-$1.72B
2024
-$9.21M
2022
Net inflows of foreign direct investment
$1.72B
2024
$28.9M
2024
Net outflows of foreign direct investment
$0
2024
$2.79M
2024
Servicing debt to the IMF, % of GNI
2.57%
2024
2.04%
2024
Poverty at national poverty lines
26.4%
2018
15.9%
2020
Gross capital formation, % of GDP
39.8%
2024
38.3%
2022

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/tanzania/vanuatu | 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 (1991–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1991–2000, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.