Current account balance as a share of GDP in Ghana
Ghana: Current account balance as a share of GDP was 2.0% in 2024. ◆ Volatile
Current account balance as a share of GDP in Ghana, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
In 2024, current account balance as a share of gdp in Ghana stood at 2.0%. That is the highest value across all 25 years on record.
Compared with earlier readings it is up 324.2% on the previous year and up 130.2% over ten years.
Over the whole period, current account balance as a share of gdp in Ghana peaked at 2.0% in 2024 and was at its lowest, -11.9%, in 2012.
Ghana ranks 63rd of 193 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a share of GDP in Ghana, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -7.8% | — |
| 2001 | -8.0% | +3.7% |
| 2002 | -1.7% | -78.7% |
| 2003 | 1.3% | -177.8% |
| 2004 | -6.7% | -600.0% |
| 2005 | -10.3% | +54.6% |
| 2006 | -5.1% | -50.8% |
| 2007 | -9.6% | +89.3% |
| 2008 | -11.6% | +21.1% |
| 2009 | -7.3% | -37.2% |
| 2010 | -8.5% | +17.2% |
| 2011 | -9.0% | +5.5% |
| 2012 | -11.9% | +32.2% |
| 2013 | -9.1% | -23.7% |
| 2014 | -6.8% | -25.6% |
| 2015 | -5.7% | -15.5% |
| 2016 | -5.0% | -11.7% |
| 2017 | -3.3% | -34.1% |
| 2018 | -3.0% | -8.4% |
| 2019 | -2.7% | -10.2% |
| 2020 | -3.0% | +11.7% |
| 2021 | -2.8% | -7.5% |
| 2022 | -2.3% | -17.4% |
| 2023 | -0.9% | -60.9% |
| 2024 | 2.0% | -324.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -6.7% | -11.6% | 1.3% | 10 |
| 2010s | -6.5% | -11.9% | -2.7% | 10 |
| 2020s | -1.4% | -3.0% | 2.0% | 5 |
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)
- Services, value added (current US$), annual growth rate 34.7 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.4287 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 1,396 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 19.1 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 5.38 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 17,535 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 8.12 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.293 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Ghana?
- Current account balance as a share of gdp in Ghana was 2.0% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Ghana?
- The highest recorded value was 2.0% in 2024.
- What is the lowest current account balance as a share of gdp recorded in Ghana?
- The lowest recorded value was -11.9% in 2012.
- How does Ghana rank for current account balance as a share of gdp?
- Ghana ranks 63rd out of 193 countries with data for 2024.
- Is current account balance as a share of gdp rising or falling in Ghana?
- Over the last ten years it is up 130.2%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).