Final consumption expenditure in Ghana
Ghana: Final consumption expenditure was 73.11 billion current US$ in 2024. ◆ Volatile
Final consumption expenditure in Ghana, 1960–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for final consumption expenditure in Ghana is 73.11 billion current US$, measured in 2024. That is the highest value across all 65 years on record.
That represents a change of up 66.7% over ten years.
Over the whole period, final consumption expenditure in Ghana peaked at 73.11 billion current US$ in 2024 and was at its lowest, 1.01 billion current US$, in 1960.
That places Ghana 76th out of 188 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in Ghana, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 1.01 billion current US$ | — |
| 1961 | 1.18 billion current US$ | +16.5% |
| 1962 | 1.20 billion current US$ | +2.5% |
| 1963 | 1.35 billion current US$ | +12.0% |
| 1964 | 1.46 billion current US$ | +8.4% |
| 1965 | 1.88 billion current US$ | +28.8% |
| 1966 | 1.96 billion current US$ | +4.0% |
| 1967 | 1.61 billion current US$ | -17.8% |
| 1968 | 1.49 billion current US$ | -7.6% |
| 1969 | 1.74 billion current US$ | +17.0% |
| 1970 | 1.93 billion current US$ | +10.9% |
| 1971 | 2.18 billion current US$ | +13.1% |
| 1972 | 1.85 billion current US$ | -15.4% |
| 1973 | 2.58 billion current US$ | +39.9% |
| 1974 | 2.62 billion current US$ | +1.3% |
| 1975 | 2.43 billion current US$ | -7.3% |
| 1976 | 2.53 billion current US$ | +4.2% |
| 1977 | 2.87 billion current US$ | +13.5% |
| 1978 | 3.51 billion current US$ | +22.4% |
| 1979 | 3.75 billion current US$ | +6.8% |
| 1980 | 4.23 billion current US$ | +12.6% |
| 1981 | 4.05 billion current US$ | -4.1% |
| 1982 | 3.89 billion current US$ | -4.1% |
| 1983 | 3.92 billion current US$ | +1.0% |
| 1984 | 4.23 billion current US$ | +7.8% |
| 1985 | 4.21 billion current US$ | -0.6% |
| 1986 | 5.40 billion current US$ | +28.5% |
| 1987 | 4.88 billion current US$ | -9.7% |
| 1988 | 4.92 billion current US$ | +0.8% |
| 1989 | 4.96 billion current US$ | +0.8% |
| 1990 | 5.57 billion current US$ | +12.3% |
| 1991 | 6.12 billion current US$ | +9.9% |
| 1992 | 6.34 billion current US$ | +3.5% |
| 1993 | 5.61 billion current US$ | -11.5% |
| 1994 | 4.77 billion current US$ | -15.0% |
| 1995 | 5.72 billion current US$ | +19.9% |
| 1996 | 6.02 billion current US$ | +5.3% |
| 1997 | 6.60 billion current US$ | +9.7% |
| 1998 | 6.71 billion current US$ | +1.7% |
| 1999 | 7.45 billion current US$ | +11.0% |
| 2000 | 4.71 billion current US$ | -36.8% |
| 2001 | 4.94 billion current US$ | +5.0% |
| 2002 | 5.71 billion current US$ | +15.5% |
| 2003 | 7.10 billion current US$ | +24.4% |
| 2004 | 8.23 billion current US$ | +16.0% |
| 2005 | 10.34 billion current US$ | +25.7% |
| 2006 | 18.92 billion current US$ | +83.0% |
| 2007 | 25.06 billion current US$ | +32.4% |
| 2008 | 29.53 billion current US$ | +17.9% |
| 2009 | 25.16 billion current US$ | -14.8% |
| 2010 | 32.42 billion current US$ | +28.9% |
| 2011 | 39.18 billion current US$ | +20.9% |
| 2012 | 39.41 billion current US$ | +0.6% |
| 2013 | 53.49 billion current US$ | +35.7% |
| 2014 | 43.86 billion current US$ | -18.0% |
| 2015 | 40.12 billion current US$ | -8.5% |
| 2016 | 44.93 billion current US$ | +12.0% |
| 2017 | 50.26 billion current US$ | +11.8% |
| 2018 | 53.36 billion current US$ | +6.2% |
| 2019 | 56.92 billion current US$ | +6.7% |
| 2020 | 59.72 billion current US$ | +4.9% |
| 2021 | 68.03 billion current US$ | +13.9% |
| 2022 | 62.37 billion current US$ | -8.3% |
| 2023 | 73.08 billion current US$ | +17.2% |
| 2024 | 73.11 billion current US$ | +0.0% |
Ghana compared with similar countries
- Ghana's 73.11 billion current US$ is above the median for lower middle income countries, which is 23.88 billion current US$, 3.1× the median. (45 countries reporting)
- Ghana's 73.11 billion current US$ is above the median for Sub-Saharan Africa, which is 15.32 billion current US$, 4.8× the median. (46 countries reporting)
Biggest year-on-year movements
Years where Final consumption expenditure in Ghana changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2006 | +83.0% | 10.34 billion current US$ | 18.92 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.49 billion current US$ | 1.01 billion current US$ | 1.96 billion current US$ | 10 |
| 1970s | 2.63 billion current US$ | 1.85 billion current US$ | 3.75 billion current US$ | 10 |
| 1980s | 4.47 billion current US$ | 3.89 billion current US$ | 5.40 billion current US$ | 10 |
| 1990s | 6.09 billion current US$ | 4.77 billion current US$ | 7.45 billion current US$ | 10 |
| 2000s | 13.97 billion current US$ | 4.71 billion current US$ | 29.53 billion current US$ | 10 |
| 2010s | 45.39 billion current US$ | 32.42 billion current US$ | 56.92 billion current US$ | 10 |
| 2020s | 67.26 billion current US$ | 59.72 billion current US$ | 73.11 billion current US$ | 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$), annual growth rate 23.42 % change on previous year (2024)
Frequently asked questions
- What is final consumption expenditure in Ghana?
- Final consumption expenditure in Ghana was 73.11 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in Ghana?
- The highest recorded value was 73.11 billion current US$ in 2024.
- What is the lowest final consumption expenditure recorded in Ghana?
- The lowest recorded value was 1.01 billion current US$ in 1960.
- How does Ghana rank for final consumption expenditure?
- Ghana ranks 76th 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 66.7%. 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 Offices (NSOs), published as part of Final consumption expenditure (current US$). 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 indicator is expressed in United States dollars.