Debt service as a proportion of exports of goods, services and in Ghana
Ghana: Debt service as a proportion of exports of goods, services and was 2.7% in 2023. ◆ Volatile
Latest (2023)
2.7%
Change on year
down 65.5%
World rank
107th
of 125 countries
All-time high
17.0%
in 2000
All-time low
2.2%
in 2011
Years of data
24
2000–2023
Debt service as a proportion of exports of goods, services and in Ghana, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Ghana recorded 2.7% for debt service as a proportion of exports of goods, services and in 2023.
The figure is down 65.5% on the previous year and down 23.9% over ten years.
Over the whole period, debt service as a proportion of exports of goods, services and in Ghana peaked at 17.0% in 2000 and was at its lowest, 2.2%, in 2011.
Ghana ranks 107th of 125 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service as a proportion of exports of goods, services and in Ghana, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 17.0% | — |
| 2001 | 11.3% | -33.1% |
| 2002 | 7.3% | -36.0% |
| 2003 | 7.1% | -1.8% |
| 2004 | 7.5% | +4.8% |
| 2005 | 7.9% | +6.2% |
| 2006 | 5.0% | -36.7% |
| 2007 | 3.4% | -33.1% |
| 2008 | 2.9% | -15.0% |
| 2009 | 2.9% | +1.0% |
| 2010 | 2.8% | -1.7% |
| 2011 | 2.2% | -22.4% |
| 2012 | 2.7% | +22.5% |
| 2013 | 3.6% | +33.3% |
| 2014 | 4.9% | +35.5% |
| 2015 | 5.9% | +21.2% |
| 2016 | 8.8% | +49.8% |
| 2017 | 9.0% | +1.5% |
| 2018 | 10.9% | +21.3% |
| 2019 | 9.0% | -17.7% |
| 2020 | 11.1% | +24.3% |
| 2021 | 12.5% | +11.8% |
| 2022 | 7.9% | -36.4% |
| 2023 | 2.7% | -65.5% |
Ghana compared with similar countries
- Ghana's 2.7% is below the median for lower middle income countries, which is 7.0%, 39% of the median. (41 countries reporting)
- Ghana's 2.7% is below the median for Sub-Saharan Africa, which is 9.0%, 30% of the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.2% | 2.9% | 17.0% | 10 |
| 2010s | 6.0% | 2.2% | 10.9% | 10 |
| 2020s | 8.6% | 2.7% | 12.5% | 4 |
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 38.84 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0003 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1.11 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.91 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 8.08 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0167 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 54.42 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 23.42 % change on previous year (2024)
Frequently asked questions
- What is debt service as a proportion of exports of goods, services and in Ghana?
- Debt service as a proportion of exports of goods, services and in Ghana was 2.7% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest debt service as a proportion of exports of goods, services and recorded in Ghana?
- The highest recorded value was 17.0% in 2000.
- What is the lowest debt service as a proportion of exports of goods, services and recorded in Ghana?
- The lowest recorded value was 2.2% in 2011.
- How does Ghana rank for debt service as a proportion of exports of goods, services and?
- Ghana ranks 107th out of 125 countries with data for 2023.
- Is debt service as a proportion of exports of goods, services and rising or falling in Ghana?
- Over the last ten years it is down 23.9%. 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 Debt service as a proportion of exports of goods, services and primary income (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under UN SDG Global Database (open, attribution requested).