External balance on goods and services in Ghana
Ghana: External balance on goods and services was 211.18 million constant LCU in 2024. ◆ Volatile
External balance on goods and services in Ghana, 2013–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Ghana recorded 211.18 million constant LCU for external balance on goods and services in 2024.
That represents a change of down 48.5% on the previous year and up 103.4% over ten years.
Over the whole period, external balance on goods and services in Ghana peaked at 4.71 billion constant LCU in 2018 and was at its lowest, -12.30 billion constant LCU, in 2013.
That places Ghana 59th out of 161 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.
External balance on goods and services in Ghana, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2013 | -12.30 billion constant LCU | — |
| 2014 | -6.26 billion constant LCU | -49.1% |
| 2015 | -3.72 billion constant LCU | -40.6% |
| 2016 | -2.21 billion constant LCU | -40.7% |
| 2017 | 3.74 billion constant LCU | -269.7% |
| 2018 | 4.71 billion constant LCU | +25.7% |
| 2019 | 3.88 billion constant LCU | -17.6% |
| 2020 | 1.27 billion constant LCU | -67.2% |
| 2021 | -2.09 billion constant LCU | -264.5% |
| 2022 | -2.70 billion constant LCU | +29.1% |
| 2023 | 409.97 million constant LCU | -115.2% |
| 2024 | 211.18 million constant LCU | -48.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -1.74 billion constant LCU | -12.30 billion constant LCU | 4.71 billion constant LCU | 7 |
| 2020s | -580.59 million constant LCU | -2.70 billion constant LCU | 1.27 billion constant LCU | 5 |
Countries ranked near Ghana
- 56 Tajikistan 1.26 billion constant LCU compare
- 57 San Marino 439.13 million constant LCU compare
- 58 United States Virgin Islands 262.00 million constant LCU compare
- 60 Belize 25.10 million constant LCU compare
- 61 Palau -93.36 million constant LCU compare
- 62 Marshall Islands -110.12 million constant LCU compare
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)
- GNI (current LCU), annual growth rate 21.53 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 11.79 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 38,398 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual -32.32 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual -17 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 37.53 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.066 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 214.9 current US$ per person (2025)
Frequently asked questions
- What is external balance on goods and services in Ghana?
- External balance on goods and services in Ghana was 211.18 million constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Ghana?
- The highest recorded value was 4.71 billion constant LCU in 2018.
- What is the lowest external balance on goods and services recorded in Ghana?
- The lowest recorded value was -12.30 billion constant LCU in 2013.
- How does Ghana rank for external balance on goods and services?
- Ghana ranks 59th out of 161 countries with data for 2024.
- Is external balance on goods and services rising or falling in Ghana?
- Over the last ten years it is up 103.4%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.