Tanzania



Tanzania: Statistical Data At-A-Glance
IndicatorDataYearSource
Total population53.47 million2015WDI
Urban population (% of total)31.61% of total2015WDI
GDP, current prices (U.S. dollars)44,904 USD (millions)2015WEO
GDP based on PPP per capita GDP (Current international dollar)2,904.04 USD 2015WEO
Inflation, end of period consumer prices (Percent change)6.84%2015WEO
Average bank deposit rate9.9%2015IFS
Lending rate16.1%2015IFS
Total amount of home mortgage loans outstanding at the end of year in millions of USD:167.09 USD (millions)2015Tanzania Mortgage Market Update December 2015
Total amount of home mortgage loans outstanding at the end of year as % of GDP (current).37%2015Tanzania Mortgage Market Update December 2015
Total # of home mortgage loans outstanding at the end of year3.39 thousand2015Tanzania Mortgage Market Update December 2015
Typical LTV at originationNot available2015
Typical number of days needed for the transfer of title672015WDI

About the Editor

Tanzania Mortgage Refinance Company (TMRC)
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TMRC is a specialized financial institution that provides long term funding to financial institutions for the purposes of mortgage lending. TMRC is a private sector institution owned by banks. TMRC has the objective of supporting financial institutions to do mortgage lending by refinancing Primary Mortgage Lenders' (PMLs') mortgage portfolios. TMRC refinances mortgage loan portfolios rather than individual mortgage loans and caters to banks rather than individual borrowers.