External balance on goods and services in Ghana
Ghana: External balance on goods and services was 953.40 million current US$ in 2024. ◆ Volatile
External balance on goods and services in Ghana, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
Ghana recorded 953.40 million current US$ for external balance on goods and services in 2024. That is the highest value across all 65 years on record.
Compared with earlier readings it is up 239.9% on the previous year and up 123.7% over ten years.
Over the whole period, external balance on goods and services in Ghana peaked at 953.40 million current US$ in 2024 and was at its lowest, -6.21 billion current US$, in 2013.
Ghana ranks 64th of 192 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -81.45 million current US$ | -197.50 million current US$ | -7.84 million current US$ | 10 |
| 1970s | -3.35 million current US$ | -108.29 million current US$ | 152.01 million current US$ | 10 |
| 1980s | -155.02 million current US$ | -399.17 million current US$ | 14.38 million current US$ | 10 |
| 1990s | -825.84 million current US$ | -1.42 billion current US$ | -528.39 million current US$ | 10 |
| 2000s | -2.47 billion current US$ | -5.58 billion current US$ | -755.77 million current US$ | 10 |
| 2010s | -3.67 billion current US$ | -6.21 billion current US$ | -705.37 million current US$ | 10 |
| 2020s | -968.65 million current US$ | -2.47 billion current US$ | 953.40 million current US$ | 5 |
Countries ranked near Ghana
More economy & growth data for Ghana
- External balance on goods and services as a percent of GDP 1.1% (2024)
- Inflation of consumer prices 14.2% (2025)
- GDP per capita 2,261 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.1% (2025)
- Gross domestic product (GDP) 79.27 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 2,261 constant 2015 US$ (2025)
- DEC alternative conversion factor 12.56 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 12.07 billion current LCU (2017)
- Net secondary income (Net current transfers from abroad) 2.77 billion current US$ (2017)
- Taxes less subsidies on products 94.62 billion current LCU (2025)
Frequently asked questions
- What is external balance on goods and services in Ghana?
- External balance on goods and services in Ghana was 953.40 million current US$ 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 953.40 million current US$ in 2024.
- What is the lowest external balance on goods and services recorded in Ghana?
- The lowest recorded value was -6.21 billion current US$ in 2013.
- How does Ghana rank for external balance on goods and services?
- Ghana ranks 64th out of 192 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 123.7%. 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 (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.