Annual growth of households and NPISHs final consumption expenditure in Ghana
Ghana: Annual growth of households and NPISHs final consumption expenditure was 4.5% in 2024. ◆ Volatile
Annual growth of households and NPISHs final consumption expenditure in Ghana, 2007–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual growth of households and npishs final consumption expenditure in Ghana stood at 4.5%.
Compared with earlier readings it is down 56.0% on the previous year and up 190.0% over ten years.
Over the whole period, annual growth of households and npishs final consumption expenditure in Ghana peaked at 19.7% in 2013 and was at its lowest, -5.0%, in 2014.
That places Ghana 66th out of 186 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of households and NPISHs final consumption expenditure in Ghana, year by year
| Year | % | Change |
|---|---|---|
| 2007 | 6.0% | — |
| 2008 | 15.1% | +150.5% |
| 2009 | 2.1% | -85.8% |
| 2010 | 17.3% | +705.1% |
| 2011 | 5.9% | -65.7% |
| 2012 | 6.4% | +7.4% |
| 2013 | 19.7% | +209.6% |
| 2014 | -5.0% | -125.2% |
| 2015 | 2.2% | -144.5% |
| 2016 | -1.7% | -176.4% |
| 2017 | 6.3% | -474.3% |
| 2018 | 3.8% | -39.9% |
| 2019 | 14.1% | +270.3% |
| 2020 | 1.7% | -88.1% |
| 2021 | 7.1% | +324.4% |
| 2022 | 5.6% | -20.8% |
| 2023 | 10.2% | +80.9% |
| 2024 | 4.5% | -56.0% |
Ghana compared with similar countries
- Ghana's 4.5% is below the median for lower middle income countries, which is 4.6%, 97% of the median. (39 countries reporting)
- Ghana's 4.5% is above the median for Sub-Saharan Africa, which is 3.1%, 1.4× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.8% | 2.1% | 15.1% | 3 |
| 2010s | 6.9% | -5.0% | 19.7% | 10 |
| 2020s | 5.8% | 1.7% | 10.2% | 5 |
Countries ranked near Ghana
- 63 Dominican Republic 4.6% compare
- 64 Lao People's Democratic Republic 4.5% compare
- 64 Laos 4.5% compare
- 67 Bosnia and Herzegovina 4.4% compare
- 68 Thailand 4.4% compare
- 69 Honduras 4.3% compare
More economy & growth data for Ghana
- Real gdp growth, annual growth rate 86.92 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 457.43 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.374 units per person (2025)
- SDRs holdings, SDR, annual growth rate 430.83 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.2731 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is annual growth of households and npishs final consumption expenditure in Ghana?
- Annual growth of households and npishs final consumption expenditure in Ghana was 4.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of households and npishs final consumption expenditure recorded in Ghana?
- The highest recorded value was 19.7% in 2013.
- What is the lowest annual growth of households and npishs final consumption expenditure recorded in Ghana?
- The lowest recorded value was -5.0% in 2014.
- How does Ghana rank for annual growth of households and npishs final consumption expenditure?
- Ghana ranks 66th out of 186 countries with data for 2024.
- Is annual growth of households and npishs final consumption expenditure rising or falling in Ghana?
- Over the last ten years it is up 190.0%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth of households and NPISHs final consumption expenditure (%). Statizoid updates them automatically from the source API.
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