Final consumption expenditure in Ghana
Ghana: Final consumption expenditure was 1.04 trillion current LCU in 2024. ◆ Volatile
Latest (2024)
1.04 trillion current LCU
Change on year
up 28.9%
World rank
96th
of 188 countries
All-time high
1.04 trillion current LCU
in 2024
All-time low
72,000 current LCU
in 1960
Years of data
65
1960–2024
Final consumption expenditure in Ghana, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for final consumption expenditure in Ghana is 1.04 trillion current LCU, measured in 2024. That is the highest value across all 65 years on record.
That represents a change of up 28.9% on the previous year and up 715.7% over ten years.
Over the whole period, final consumption expenditure in Ghana peaked at 1.04 trillion current LCU in 2024 and was at its lowest, 72,000 current LCU, in 1960.
That places Ghana 96th out of 188 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 | current LCU | Change |
|---|---|---|
| 1960 | 72,000 current LCU | — |
| 1961 | 83,900 current LCU | +16.5% |
| 1962 | 86,000 current LCU | +2.5% |
| 1963 | 96,300 current LCU | +12.0% |
| 1964 | 104,400 current LCU | +8.4% |
| 1965 | 134,500 current LCU | +28.8% |
| 1966 | 139,900 current LCU | +4.0% |
| 1967 | 138,700 current LCU | -0.9% |
| 1968 | 151,900 current LCU | +9.5% |
| 1969 | 177,700 current LCU | +17.0% |
| 1970 | 197,000 current LCU | +10.9% |
| 1971 | 225,900 current LCU | +14.7% |
| 1972 | 246,100 current LCU | +8.9% |
| 1973 | 300,800 current LCU | +22.2% |
| 1974 | 421,400 current LCU | +40.1% |
| 1975 | 456,200 current LCU | +8.3% |
| 1976 | 596,900 current LCU | +30.8% |
| 1977 | 1.00 million current LCU | +68.3% |
| 1978 | 2.01 million current LCU | +100.4% |
| 1979 | 2.64 million current LCU | +30.9% |
| 1980 | 4.07 million current LCU | +54.6% |
| 1981 | 6.97 million current LCU | +71.1% |
| 1982 | 8.32 million current LCU | +19.4% |
| 1983 | 17.79 million current LCU | +113.8% |
| 1984 | 25.93 million current LCU | +45.7% |
| 1985 | 32.03 million current LCU | +23.5% |
| 1986 | 48.17 million current LCU | +50.4% |
| 1987 | 71.68 million current LCU | +48.8% |
| 1988 | 99.42 million current LCU | +38.7% |
| 1989 | 133.77 million current LCU | +34.5% |
| 1990 | 181.57 million current LCU | +35.7% |
| 1991 | 224.99 million current LCU | +23.9% |
| 1992 | 276.76 million current LCU | +23.0% |
| 1993 | 363.79 million current LCU | +31.4% |
| 1994 | 455.68 million current LCU | +25.3% |
| 1995 | 685.32 million current LCU | +50.4% |
| 1996 | 983.98 million current LCU | +43.6% |
| 1997 | 1.35 billion current LCU | +37.4% |
| 1998 | 1.55 billion current LCU | +14.8% |
| 1999 | 1.99 billion current LCU | +28.0% |
| 2000 | 2.56 billion current LCU | +29.1% |
| 2001 | 3.54 billion current LCU | +38.0% |
| 2002 | 4.52 billion current LCU | +27.8% |
| 2003 | 6.15 billion current LCU | +36.0% |
| 2004 | 7.40 billion current LCU | +20.4% |
| 2005 | 9.36 billion current LCU | +26.5% |
| 2006 | 17.32 billion current LCU | +85.0% |
| 2007 | 23.37 billion current LCU | +34.9% |
| 2008 | 31.07 billion current LCU | +33.0% |
| 2009 | 35.35 billion current LCU | +13.8% |
| 2010 | 46.36 billion current LCU | +31.2% |
| 2011 | 59.58 billion current LCU | +28.5% |
| 2012 | 71.91 billion current LCU | +20.7% |
| 2013 | 105.94 billion current LCU | +47.3% |
| 2014 | 127.28 billion current LCU | +20.1% |
| 2015 | 148.93 billion current LCU | +17.0% |
| 2016 | 175.75 billion current LCU | +18.0% |
| 2017 | 218.72 billion current LCU | +24.5% |
| 2018 | 244.83 billion current LCU | +11.9% |
| 2019 | 296.92 billion current LCU | +21.3% |
| 2020 | 334.33 billion current LCU | +12.6% |
| 2021 | 395.03 billion current LCU | +18.2% |
| 2022 | 518.37 billion current LCU | +31.2% |
| 2023 | 805.45 billion current LCU | +55.4% |
| 2024 | 1.04 trillion current LCU | +28.9% |
Ghana compared with similar countries
- Ghana's 1.04 trillion current LCU is below the median for lower middle income countries, which is 1.32 trillion current LCU, 79% of the median. (45 countries reporting)
- Ghana's 1.04 trillion current LCU is below the median for Sub-Saharan Africa, which is 6.33 trillion current LCU, 16% of the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 118,530 current LCU | 72,000 current LCU | 177,700 current LCU | 10 |
| 1970s | 809,830 current LCU | 197,000 current LCU | 2.64 million current LCU | 10 |
| 1980s | 44.82 million current LCU | 4.07 million current LCU | 133.77 million current LCU | 10 |
| 1990s | 806.30 million current LCU | 181.57 million current LCU | 1.99 billion current LCU | 10 |
| 2000s | 14.07 billion current LCU | 2.56 billion current LCU | 35.35 billion current LCU | 10 |
| 2010s | 149.62 billion current LCU | 46.36 billion current LCU | 296.92 billion current LCU | 10 |
| 2020s | 618.28 billion current LCU | 334.33 billion current LCU | 1.04 trillion current LCU | 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)
- 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 1.04 trillion current LCU 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 1.04 trillion current LCU in 2024.
- What is the lowest final consumption expenditure recorded in Ghana?
- The lowest recorded value was 72,000 current LCU in 1960.
- How does Ghana rank for final consumption expenditure?
- Ghana ranks 96th out of 188 countries with data for 2024.
- Is final consumption expenditure rising or falling in Ghana?
- Over the last ten years it is up 715.7%. 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 Final consumption expenditure (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.