Gross capital formation in Ghana
Ghana: Gross capital formation was 13.0% in 2024. ◆ Volatile
Gross capital formation in Ghana, 2007–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
The most recent figure for gross capital formation in Ghana is 13.0%, measured in 2024.
Compared with earlier readings it is up 147.0% on the previous year and up 185.6% over ten years.
Over the whole period, gross capital formation in Ghana peaked at 39.0% in 2012 and was at its lowest, -27.8%, in 2023.
That places Ghana 33rd out of 168 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Ghana, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2007 | 15.4% | — |
| 2008 | 8.4% | -45.6% |
| 2009 | -20.9% | -350.2% |
| 2010 | -22.0% | +5.2% |
| 2011 | 26.9% | -221.9% |
| 2012 | 39.0% | +45.2% |
| 2013 | -23.8% | -160.9% |
| 2014 | 4.6% | -119.2% |
| 2015 | -2.6% | -156.2% |
| 2016 | 12.1% | -571.5% |
| 2017 | 1.5% | -87.6% |
| 2018 | 11.9% | +689.9% |
| 2019 | -9.4% | -178.8% |
| 2020 | 1.2% | -113.0% |
| 2021 | 5.6% | +358.0% |
| 2022 | 0.7% | -87.5% |
| 2023 | -27.8% | -4081.9% |
| 2024 | 13.0% | -147.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.9% | -20.9% | 15.4% | 3 |
| 2010s | 3.8% | -23.8% | 39.0% | 10 |
| 2020s | -1.4% | -27.8% | 13.0% | 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)
- Services, value added (constant LCU), per capita 2,606 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 14.43 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 37.1 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.934 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 3,042 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 21.22 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 11.73 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 38,201 current LCU per person (2025)
Frequently asked questions
- What is gross capital formation in Ghana?
- Gross capital formation in Ghana was 13.0% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Ghana?
- The highest recorded value was 39.0% in 2012.
- What is the lowest gross capital formation recorded in Ghana?
- The lowest recorded value was -27.8% in 2023.
- How does Ghana rank for gross capital formation?
- Ghana ranks 33rd out of 168 countries with data for 2024.
- Is gross capital formation rising or falling in Ghana?
- Over the last ten years it is up 185.6%. 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 Gross capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.