Final consumption expenditure in Ghana
Ghana: Final consumption expenditure was 64.36 billion constant 2015 US$ in 2024. ▲ Rising
Final consumption expenditure in Ghana, 2006–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2024, final consumption expenditure in Ghana stood at 64.36 billion constant 2015 US$. That is the highest value across all 19 years on record.
The figure is up 4.4% on the previous year and up 62.0% over ten years.
Over the whole period, final consumption expenditure in Ghana peaked at 64.36 billion constant 2015 US$ in 2024 and was at its lowest, 21.29 billion constant 2015 US$, in 2006.
That places Ghana 70th out of 172 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Final consumption expenditure in Ghana, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2006 | 21.29 billion constant 2015 US$ | — |
| 2007 | 22.45 billion constant 2015 US$ | +5.5% |
| 2008 | 25.80 billion constant 2015 US$ | +14.9% |
| 2009 | 26.06 billion constant 2015 US$ | +1.0% |
| 2010 | 30.57 billion constant 2015 US$ | +17.3% |
| 2011 | 34.17 billion constant 2015 US$ | +11.8% |
| 2012 | 35.61 billion constant 2015 US$ | +4.2% |
| 2013 | 41.24 billion constant 2015 US$ | +15.8% |
| 2014 | 39.73 billion constant 2015 US$ | -3.7% |
| 2015 | 40.12 billion constant 2015 US$ | +1.0% |
| 2016 | 39.77 billion constant 2015 US$ | -0.9% |
| 2017 | 41.52 billion constant 2015 US$ | +4.4% |
| 2018 | 43.02 billion constant 2015 US$ | +3.6% |
| 2019 | 48.73 billion constant 2015 US$ | +13.3% |
| 2020 | 49.91 billion constant 2015 US$ | +2.4% |
| 2021 | 53.70 billion constant 2015 US$ | +7.6% |
| 2022 | 56.42 billion constant 2015 US$ | +5.1% |
| 2023 | 61.64 billion constant 2015 US$ | +9.3% |
| 2024 | 64.36 billion constant 2015 US$ | +4.4% |
Ghana compared with similar countries
- Ghana's 64.36 billion constant 2015 US$ is above the median for lower middle income countries, which is 16.69 billion constant 2015 US$, 3.9× the median. (43 countries reporting)
- Ghana's 64.36 billion constant 2015 US$ is above the median for Sub-Saharan Africa, which is 13.32 billion constant 2015 US$, 4.8× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 23.90 billion constant 2015 US$ | 21.29 billion constant 2015 US$ | 26.06 billion constant 2015 US$ | 4 |
| 2010s | 39.45 billion constant 2015 US$ | 30.57 billion constant 2015 US$ | 48.73 billion constant 2015 US$ | 10 |
| 2020s | 57.21 billion constant 2015 US$ | 49.91 billion constant 2015 US$ | 64.36 billion constant 2015 US$ | 5 |
Countries ranked near Ghana
- 67 Cuba 74.95 billion constant 2015 US$ compare
- 68 Sri Lanka 74.55 billion constant 2015 US$ compare
- 69 Qatar 68.85 billion constant 2015 US$ compare
- 71 Costa Rica 61.55 billion constant 2015 US$ compare
- 72 Oman 58.65 billion constant 2015 US$ compare
- 73 Croatia 58.63 billion constant 2015 US$ 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)
- 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$), annual growth rate 23.42 % change on previous year (2024)
Frequently asked questions
- What is final consumption expenditure in Ghana?
- Final consumption expenditure in Ghana was 64.36 billion constant 2015 US$ 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 64.36 billion constant 2015 US$ in 2024.
- What is the lowest final consumption expenditure recorded in Ghana?
- The lowest recorded value was 21.29 billion constant 2015 US$ in 2006.
- How does Ghana rank for final consumption expenditure?
- Ghana ranks 70th out of 172 countries with data for 2024.
- Is final consumption expenditure rising or falling in Ghana?
- Over the last ten years it is up 62.0%. The long-run trend across the full record is rising.
- 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 (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.