Debt service as a share of exports of good and services in Ghana
Ghana: Debt service as a share of exports of good and services was 2.7% in 2023. ◆ Volatile
Debt service as a share of exports of good and services in Ghana, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Ghana recorded 2.7% for debt service as a share of exports of good and services in 2023.
Compared with earlier readings it is down 65.4% on the previous year and down 23.9% over ten years.
Over the whole period, debt service as a share of exports of good and services in Ghana peaked at 17.0% in 2000 and was at its lowest, 2.2%, in 2011.
Ghana ranks 101st of 116 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 share of exports of good and services in Ghana, year by year
| Year | % | 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% | -14.9% |
| 2009 | 2.9% | +1.0% |
| 2010 | 2.8% | -1.7% |
| 2011 | 2.2% | -22.5% |
| 2012 | 2.7% | +22.7% |
| 2013 | 3.6% | +33.3% |
| 2014 | 4.9% | +35.3% |
| 2015 | 5.9% | +21.1% |
| 2016 | 8.8% | +49.8% |
| 2017 | 9.0% | +1.6% |
| 2018 | 10.9% | +21.3% |
| 2019 | 9.0% | -17.6% |
| 2020 | 11.2% | +24.3% |
| 2021 | 12.5% | +11.8% |
| 2022 | 7.9% | -36.4% |
| 2023 | 2.7% | -65.4% |
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 share of exports of good and services in Ghana?
- Debt service as a share of exports of good and services in Ghana was 2.7% in 2023, according to World Bank – processed by Our World in Data.
- What is the highest debt service as a share of exports of good and services recorded in Ghana?
- The highest recorded value was 17.0% in 2000.
- What is the lowest debt service as a share of exports of good and services recorded in Ghana?
- The lowest recorded value was 2.2% in 2011.
- How does Ghana rank for debt service as a share of exports of good and services?
- Ghana ranks 101st out of 116 countries with data for 2023.
- Is debt service as a share of exports of good and services 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 World Bank – processed by Our World in Data, published as part of Debt service as a share of exports of good and services. Statizoid updates them automatically from the source API.
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About this data
Debt service as a proportion of exports of goods, services and primary income (%).