FinScope Tanzania 2017 is the fourth wave in the FinScope Tanzania series with previous waves in 2006, 2009 and 2013. FinScope Tanzania presents a comprehensive understanding of the financial services landscape across the country, a measure for demand and usage of financial services by population segments and insights into the barriers to financial inclusion.
The survey reveals that adults aged 16 to 24 years are about a quarter of the adult population, the majority of whom are still dependent on others to pay their expenses, to be provided with money (37%) or involved in casual labor (21%) which does not offer them a consistent source of income. There are also high levels of dependency among adults aged 65 years and above.
68% of Tanzanians depend on only one income source, while the rest have more than one. 41% of Tanzanians depend on agricultural activities to meet their expenses, 20% on casual labor, 18% depend on other people and 14% on their own business activities. The 18% who are dependents are mainly women.