Final consumption expenditure in Ghana
Ghana: Final consumption expenditure was 4.4% in 2024. ◆ Volatile
Final consumption expenditure in Ghana, 2007–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
Ghana recorded 4.4% for final consumption expenditure in 2024.
The figure is down 52.4% on the previous year and up 220.0% over ten years.
Over the whole period, final consumption expenditure in Ghana peaked at 17.3% in 2010 and was at its lowest, -3.7%, in 2014.
That places Ghana 54th out of 175 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.
Final consumption expenditure in Ghana, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2007 | 5.5% | — |
| 2008 | 14.9% | +172.2% |
| 2009 | 1.0% | -93.3% |
| 2010 | 17.3% | +1625.0% |
| 2011 | 11.8% | -31.9% |
| 2012 | 4.2% | -64.2% |
| 2013 | 15.8% | +275.0% |
| 2014 | -3.7% | -123.2% |
| 2015 | 1.0% | -126.7% |
| 2016 | -0.9% | -189.4% |
| 2017 | 4.4% | -604.3% |
| 2018 | 3.6% | -18.1% |
| 2019 | 13.3% | +267.0% |
| 2020 | 2.4% | -81.9% |
| 2021 | 7.6% | +216.2% |
| 2022 | 5.1% | -33.5% |
| 2023 | 9.3% | +82.8% |
| 2024 | 4.4% | -52.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.1% | 1.0% | 14.9% | 3 |
| 2010s | 6.7% | -3.7% | 17.3% | 10 |
| 2020s | 5.7% | 2.4% | 9.3% | 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)
- GDP (constant 2015 US$), annual growth rate 5.95 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.694 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 2,261 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 5.95 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 1.84 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 5,979 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 36.32 % change on previous year (2024)
- Gross domestic savings (current US$), per unit of GDP 0.1222 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is final consumption expenditure in Ghana?
- Final consumption expenditure in Ghana was 4.4% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Ghana?
- The highest recorded value was 17.3% in 2010.
- What is the lowest final consumption expenditure recorded in Ghana?
- The lowest recorded value was -3.7% in 2014.
- How does Ghana rank for final consumption expenditure?
- Ghana ranks 54th out of 175 countries with data for 2024.
- Is final consumption expenditure rising or falling in Ghana?
- Over the last ten years it is up 220.0%. 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 Final consumption expenditure (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.