GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Ghana
Ghana: GDP Deflator — Value Standard Local Currency, 2015 prices, annual was 25.37 % change on previous year in 2024. ◆ Volatile
GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Ghana, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gdp deflator — value standard local currency, 2015 prices, annual in Ghana stood at 25.37 % change on previous year.
That represents a change of down 23.3% on the previous year and up 6.0% over ten years.
Over the whole period, gdp deflator — value standard local currency, 2015 prices, annual in Ghana peaked at 123.07 % change on previous year in 1983 and was at its lowest, 4.84 % change on previous year, in 1971.
Ghana ranks 12th of 209 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Ghana, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 4.84 % change on previous year | — |
| 1972 | 15.49 % change on previous year | +220.1% |
| 1973 | 17.82 % change on previous year | +15.1% |
| 1974 | 24.56 % change on previous year | +37.8% |
| 1975 | 29.46 % change on previous year | +19.9% |
| 1976 | 28.05 % change on previous year | -4.8% |
| 1977 | 67.25 % change on previous year | +139.7% |
| 1978 | 73.3 % change on previous year | +9.0% |
| 1979 | 37.95 % change on previous year | -48.2% |
| 1980 | 51.15 % change on previous year | +34.8% |
| 1981 | 75.61 % change on previous year | +47.8% |
| 1982 | 27.89 % change on previous year | -63.1% |
| 1983 | 123.07 % change on previous year | +341.3% |
| 1984 | 35.31 % change on previous year | -71.3% |
| 1985 | 20.66 % change on previous year | -41.5% |
| 1986 | 41.69 % change on previous year | +101.8% |
| 1987 | 39.2 % change on previous year | -6.0% |
| 1988 | 33.4 % change on previous year | -14.8% |
| 1989 | 28.29 % change on previous year | -15.3% |
| 1990 | 38.74 % change on previous year | +36.9% |
| 1991 | 20.37 % change on previous year | -47.4% |
| 1992 | 12.49 % change on previous year | -38.7% |
| 1993 | 22.75 % change on previous year | +82.1% |
| 1994 | 30.16 % change on previous year | +32.6% |
| 1995 | 43.18 % change on previous year | +43.2% |
| 1996 | 39.84 % change on previous year | -7.7% |
| 1997 | 19.45 % change on previous year | -51.2% |
| 1998 | 17.06 % change on previous year | -12.3% |
| 1999 | 13.94 % change on previous year | -18.3% |
| 2000 | 26.61 % change on previous year | +90.9% |
| 2001 | 34.12 % change on previous year | +28.2% |
| 2002 | 22.47 % change on previous year | -34.1% |
| 2003 | 28.68 % change on previous year | +27.6% |
| 2004 | 14.62 % change on previous year | -49.0% |
| 2005 | 14.64 % change on previous year | +0.2% |
| 2006 | 14.78 % change on previous year | +1.0% |
| 2007 | 18.63 % change on previous year | +26.0% |
| 2008 | 19.41 % change on previous year | +4.2% |
| 2009 | 15.67 % change on previous year | -19.3% |
| 2010 | 16.6 % change on previous year | +5.9% |
| 2011 | 13.91 % change on previous year | -16.2% |
| 2012 | 15.2 % change on previous year | +9.3% |
| 2013 | 15.58 % change on previous year | +2.5% |
| 2014 | 23.94 % change on previous year | +53.6% |
| 2015 | 13.25 % change on previous year | -44.6% |
| 2016 | 15.75 % change on previous year | +18.8% |
| 2017 | 10.68 % change on previous year | -32.2% |
| 2018 | 10.57 % change on previous year | -1.0% |
| 2019 | 8.48 % change on previous year | -19.7% |
| 2020 | 9.37 % change on previous year | +10.4% |
| 2021 | 12.11 % change on previous year | +29.3% |
| 2022 | 28.17 % change on previous year | +132.7% |
| 2023 | 33.08 % change on previous year | +17.4% |
| 2024 | 25.37 % change on previous year | -23.3% |
Ghana compared with similar countries
- Ghana's 25.37 % change on previous year is above the median for lower middle income countries, which is 4.74 % change on previous year, 5.4× the median. (41 countries reporting)
- Ghana's 25.37 % change on previous year is above the median for Sub-Saharan Africa, which is 4.4 % change on previous year, 5.8× the median. (44 countries reporting)
Biggest year-on-year movements
Years where GDP Deflator — Value Standard Local Currency, 2015 prices, annual 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 |
|---|---|---|---|
| 1983 | +341.3% | 27.89 % change on previous year | 123.07 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 33.19 % change on previous year | 4.84 % change on previous year | 73.3 % change on previous year | 9 |
| 1980s | 47.63 % change on previous year | 20.66 % change on previous year | 123.07 % change on previous year | 10 |
| 1990s | 25.8 % change on previous year | 12.49 % change on previous year | 43.18 % change on previous year | 10 |
| 2000s | 20.96 % change on previous year | 14.62 % change on previous year | 34.12 % change on previous year | 10 |
| 2010s | 14.4 % change on previous year | 8.48 % change on previous year | 23.94 % change on previous year | 10 |
| 2020s | 21.62 % change on previous year | 9.37 % change on previous year | 33.08 % change on previous year | 5 |
Countries ranked near Ghana
- 9 Lebanon 33.15 % change on previous year compare
- 10 Malawi 27.33 % change on previous year compare
- 11 Ethiopia 25.54 % change on previous year compare
- 13 Angola 25.24 % change on previous year compare
- 14 Haiti 24.42 % change on previous year compare
- 15 Pakistan 21.87 % change on previous year 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 gdp deflator — value standard local currency, 2015 prices, annual in Ghana?
- Gdp deflator — value standard local currency, 2015 prices, annual in Ghana was 25.37 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp deflator — value standard local currency, 2015 prices, annual recorded in Ghana?
- The highest recorded value was 123.07 % change on previous year in 1983.
- What is the lowest gdp deflator — value standard local currency, 2015 prices, annual recorded in Ghana?
- The lowest recorded value was 4.84 % change on previous year in 1971.
- How does Ghana rank for gdp deflator — value standard local currency, 2015 prices, annual?
- Ghana ranks 12th out of 209 countries with data for 2024.
- Is gdp deflator — value standard local currency, 2015 prices, annual rising or falling in Ghana?
- Over the last ten years it is up 6.0%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from Statizoid (derived), published as part of GDP Deflator — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP Deflator — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP Deflator — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP Deflator — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.