Adjusted savings: net national savings in Ghana
Ghana: Adjusted savings: net national savings was 12.3% in 2021. ◆ Volatile
Adjusted savings: net national savings in Ghana, 1975–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
In 2021, adjusted savings: net national savings in Ghana stood at 12.3%.
That represents a change of down 34.2% on the previous year and up 374.6% over ten years.
Over the whole period, adjusted savings: net national savings in Ghana peaked at 18.7% in 2020 and was at its lowest, -4.5%, in 2011.
That places Ghana 68th out of 177 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: net national savings in Ghana, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1975 | 6.6% | — |
| 1976 | 1.1% | -83.2% |
| 1977 | 4.6% | +322.9% |
| 1978 | -0.8% | -116.4% |
| 1979 | 2.1% | -375.9% |
| 1980 | -0.1% | -107.0% |
| 1981 | -0.4% | +205.4% |
| 1982 | 0.4% | -189.1% |
| 1983 | -1.8% | -542.6% |
| 1984 | -1.3% | -24.4% |
| 1985 | -1.2% | -6.0% |
| 1986 | -1.9% | +50.4% |
| 1987 | -0.9% | -54.6% |
| 1988 | 1.6% | -289.1% |
| 1989 | 3.0% | +83.9% |
| 1990 | 1.9% | -35.9% |
| 1991 | 3.4% | +77.5% |
| 1992 | -1.6% | -147.7% |
| 1993 | 4.0% | -350.7% |
| 1994 | 10.5% | +161.1% |
| 1995 | 8.7% | -16.8% |
| 1996 | 9.4% | +7.3% |
| 1997 | 1.3% | -86.1% |
| 1998 | 9.1% | +595.7% |
| 1999 | 0.2% | -97.8% |
| 2000 | 6.3% | +3034.8% |
| 2001 | 12.2% | +92.6% |
| 2002 | 9.8% | -19.8% |
| 2003 | 12.3% | +25.6% |
| 2004 | 14.1% | +15.1% |
| 2005 | 10.5% | -25.5% |
| 2006 | 9.0% | -14.6% |
| 2007 | -2.0% | -121.7% |
| 2008 | -3.9% | +100.6% |
| 2009 | 3.2% | -182.2% |
| 2010 | -3.4% | -204.9% |
| 2011 | -4.5% | +32.6% |
| 2012 | -3.3% | -27.1% |
| 2013 | 7.2% | -322.0% |
| 2014 | 10.8% | +49.0% |
| 2015 | 13.2% | +21.8% |
| 2016 | 11.0% | -16.5% |
| 2017 | 8.9% | -19.2% |
| 2018 | 13.0% | +46.9% |
| 2019 | 10.5% | -19.3% |
| 2020 | 18.7% | +77.7% |
| 2021 | 12.3% | -34.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.7% | -0.8% | 6.6% | 5 |
| 1980s | -0.3% | -1.9% | 3.0% | 10 |
| 1990s | 4.7% | -1.6% | 10.5% | 10 |
| 2000s | 7.2% | -3.9% | 14.1% | 10 |
| 2010s | 6.4% | -4.5% | 13.2% | 10 |
| 2020s | 15.5% | 12.3% | 18.7% | 2 |
Countries ranked near Ghana
More economy & growth data for Ghana
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.15 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5 Percent per annum (2029)
- Households and NPISHs Final consumption expenditure (current LCU) 29.71 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 11.78 current LCU per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 28,507 current LCU per person (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 4.47 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.7144 constant 2015 US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 1,728 constant 2015 US$ per person (2024)
- Final consumption expenditure (current US$), annual growth rate 0.0397 % change on previous year (2024)
- Final consumption expenditure (current US$), per unit of GDP 0.8778 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is adjusted savings: net national savings in Ghana?
- Adjusted savings: net national savings in Ghana was 12.3% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: net national savings recorded in Ghana?
- The highest recorded value was 18.7% in 2020.
- What is the lowest adjusted savings: net national savings recorded in Ghana?
- The lowest recorded value was -4.5% in 2011.
- How does Ghana rank for adjusted savings: net national savings?
- Ghana ranks 68th out of 177 countries with data for 2021.
- Is adjusted savings: net national savings rising or falling in Ghana?
- Over the last ten years it is up 374.6%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: net national savings (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Net national savings are equal to gross national savings less the value of consumption of fixed capital. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.