Final consumption expenditure in Ghana
Ghana: Final consumption expenditure was 87.8% in 2024. ▬ Flat
Final consumption expenditure in Ghana, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Ghana recorded 87.8% for final consumption expenditure in 2024.
That represents a change of down 3.3% on the previous year and up 9.4% over ten years.
Over the whole period, final consumption expenditure in Ghana peaked at 103.0% in 2008 and was at its lowest, 79.3%, in 2018.
That places Ghana 55th out of 187 countries with data for 2024, putting it in the middle of the range.
Final consumption expenditure in Ghana, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 82.9% | — |
| 1961 | 90.2% | +8.9% |
| 1962 | 87.1% | -3.4% |
| 1963 | 87.5% | +0.5% |
| 1964 | 84.5% | -3.5% |
| 1965 | 91.7% | +8.6% |
| 1966 | 92.2% | +0.5% |
| 1967 | 92.2% | +0.1% |
| 1968 | 89.4% | -3.1% |
| 1969 | 88.8% | -0.6% |
| 1970 | 87.2% | -1.8% |
| 1971 | 90.4% | +3.6% |
| 1972 | 87.4% | -3.2% |
| 1973 | 85.9% | -1.7% |
| 1974 | 90.4% | +5.3% |
| 1975 | 86.4% | -4.5% |
| 1976 | 91.5% | +5.9% |
| 1977 | 90.0% | -1.6% |
| 1978 | 96.0% | +6.6% |
| 1979 | 93.4% | -2.7% |
| 1980 | 95.1% | +1.8% |
| 1981 | 96.0% | +1.0% |
| 1982 | 96.3% | +0.3% |
| 1983 | 96.7% | +0.4% |
| 1984 | 95.8% | -0.9% |
| 1985 | 93.4% | -2.6% |
| 1986 | 94.2% | +0.9% |
| 1987 | 96.1% | +2.0% |
| 1988 | 94.6% | -1.6% |
| 1989 | 94.4% | -0.2% |
| 1990 | 94.5% | +0.1% |
| 1991 | 92.7% | -2.0% |
| 1992 | 98.7% | +6.5% |
| 1993 | 94.0% | -4.9% |
| 1994 | 87.5% | -6.8% |
| 1995 | 88.4% | +1.0% |
| 1996 | 86.8% | -1.8% |
| 1997 | 95.8% | +10.4% |
| 1998 | 89.7% | -6.3% |
| 1999 | 96.5% | +7.6% |
| 2000 | 94.4% | -2.2% |
| 2001 | 93.0% | -1.6% |
| 2002 | 92.6% | -0.5% |
| 2003 | 93.0% | +0.5% |
| 2004 | 92.7% | -0.3% |
| 2005 | 96.3% | +3.9% |
| 2006 | 90.6% | -5.9% |
| 2007 | 100.9% | +11.4% |
| 2008 | 103.0% | +2.0% |
| 2009 | 96.6% | -6.2% |
| 2010 | 100.7% | +4.2% |
| 2011 | 99.6% | -1.1% |
| 2012 | 95.5% | -4.1% |
| 2013 | 85.1% | -10.9% |
| 2014 | 80.2% | -5.8% |
| 2015 | 81.1% | +1.2% |
| 2016 | 80.0% | -1.4% |
| 2017 | 83.2% | +4.0% |
| 2018 | 79.3% | -4.7% |
| 2019 | 83.3% | +5.0% |
| 2020 | 85.3% | +2.4% |
| 2021 | 85.6% | +0.3% |
| 2022 | 84.4% | -1.4% |
| 2023 | 90.7% | +7.5% |
| 2024 | 87.8% | -3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 88.6% | 82.9% | 92.2% | 10 |
| 1970s | 89.8% | 85.9% | 96.0% | 10 |
| 1980s | 95.2% | 93.4% | 96.7% | 10 |
| 1990s | 92.5% | 86.8% | 98.7% | 10 |
| 2000s | 95.3% | 90.6% | 103.0% | 10 |
| 2010s | 86.8% | 79.3% | 100.7% | 10 |
| 2020s | 86.7% | 84.4% | 90.7% | 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)
- Industry (including construction), value added (constant 2015 US$) 2.3 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.2009 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 654.21 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 2.3 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 0.5667 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 1,846 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 34.7 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.4287 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is final consumption expenditure in Ghana?
- Final consumption expenditure in Ghana was 87.8% 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 103.0% in 2008.
- What is the lowest final consumption expenditure recorded in Ghana?
- The lowest recorded value was 79.3% in 2018.
- How does Ghana rank for final consumption expenditure?
- Ghana ranks 55th out of 187 countries with data for 2024.
- Is final consumption expenditure rising or falling in Ghana?
- Over the last ten years it is up 9.4%. The long-run trend across the full record is flat.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.