Final consumption expenditure (current LCU) in Ghana
Ghana: Final consumption expenditure (current LCU) was 1.04 trillion current LCU in 2024. ◆ Volatile
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 (current LCU) 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
- Real gdp growth, annual growth rate 86.92 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 457.43 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.374 units per person (2025)
- SDRs holdings, SDR, annual growth rate 430.83 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.2731 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
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.
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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 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.