Gross capital formation in Ghana
Ghana: Gross capital formation was 117.10 billion current LCU in 2024. ◆ Volatile
Gross capital formation in Ghana, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Ghana recorded 117.10 billion current LCU for gross capital formation in 2024. That is the highest value across all 57 years on record.
That represents a change of up 30.4% on the previous year and up 171.6% over ten years.
Over the whole period, gross capital formation in Ghana peaked at 117.10 billion current LCU in 2024 and was at its lowest, 15,500 current LCU, in 1967.
Ghana ranks 111th of 187 countries on this measure, in the middle of the range.
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 | current LCU | Change |
|---|---|---|
| 1960 | 21,200 current LCU | — |
| 1961 | 18,700 current LCU | -11.8% |
| 1962 | 16,900 current LCU | -9.6% |
| 1963 | 20,600 current LCU | +21.9% |
| 1964 | 24,100 current LCU | +17.0% |
| 1965 | 26,200 current LCU | +8.7% |
| 1966 | 19,500 current LCU | -25.6% |
| 1967 | 15,500 current LCU | -20.5% |
| 1968 | 18,900 current LCU | +21.9% |
| 1969 | 23,600 current LCU | +24.9% |
| 1970 | 32,000 current LCU | +35.6% |
| 1971 | 35,300 current LCU | +10.3% |
| 1972 | 20,000 current LCU | -43.3% |
| 1973 | 31,600 current LCU | +58.0% |
| 1974 | 60,800 current LCU | +92.4% |
| 1975 | 67,200 current LCU | +10.5% |
| 1984 | 1.86 million current LCU | +2668.8% |
| 1985 | 3.28 million current LCU | +76.4% |
| 1986 | 4.79 million current LCU | +45.8% |
| 1987 | 7.78 million current LCU | +62.6% |
| 1988 | 11.87 million current LCU | +52.6% |
| 1989 | 18.72 million current LCU | +57.7% |
| 1990 | 27.74 million current LCU | +48.2% |
| 1991 | 38.55 million current LCU | +38.9% |
| 1992 | 35.88 million current LCU | -6.9% |
| 1993 | 86.00 million current LCU | +139.7% |
| 1994 | 124.70 million current LCU | +45.0% |
| 1995 | 155.20 million current LCU | +24.5% |
| 1996 | 240.38 million current LCU | +54.9% |
| 1997 | 350.10 million current LCU | +45.6% |
| 1998 | 399.70 million current LCU | +14.2% |
| 1999 | 432.19 million current LCU | +8.1% |
| 2000 | 651.62 million current LCU | +50.8% |
| 2001 | 1.01 billion current LCU | +55.4% |
| 2002 | 962.58 million current LCU | -4.9% |
| 2003 | 1.52 billion current LCU | +57.6% |
| 2004 | 2.27 billion current LCU | +49.4% |
| 2005 | 2.82 billion current LCU | +24.4% |
| 2006 | 4.29 billion current LCU | +52.2% |
| 2007 | 3.56 billion current LCU | -17.0% |
| 2008 | 4.98 billion current LCU | +39.7% |
| 2009 | 6.01 billion current LCU | +20.8% |
| 2010 | 6.03 billion current LCU | +0.3% |
| 2011 | 7.66 billion current LCU | +27.0% |
| 2012 | 12.78 billion current LCU | +66.8% |
| 2013 | 30.84 billion current LCU | +141.3% |
| 2014 | 43.11 billion current LCU | +39.8% |
| 2015 | 50.85 billion current LCU | +18.0% |
| 2016 | 55.90 billion current LCU | +9.9% |
| 2017 | 51.42 billion current LCU | -8.0% |
| 2018 | 66.99 billion current LCU | +30.3% |
| 2019 | 66.49 billion current LCU | -0.8% |
| 2020 | 71.43 billion current LCU | +7.4% |
| 2021 | 78.66 billion current LCU | +10.1% |
| 2022 | 100.80 billion current LCU | +28.1% |
| 2023 | 89.81 billion current LCU | -10.9% |
| 2024 | 117.10 billion current LCU | +30.4% |
Ghana compared with similar countries
- Ghana's 117.10 billion current LCU is below the median for lower middle income countries, which is 505.56 billion current LCU, 23% of the median. (45 countries reporting)
- Ghana's 117.10 billion current LCU is below the median for Sub-Saharan Africa, which is 1.06 trillion current LCU, 11% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross capital formation 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 |
|---|---|---|---|
| 1984 | +2668.8% | 67,200 current LCU | 1.86 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 20,520 current LCU | 15,500 current LCU | 26,200 current LCU | 10 |
| 1970s | 41,150 current LCU | 20,000 current LCU | 67,200 current LCU | 6 |
| 1980s | 8.05 million current LCU | 1.86 million current LCU | 18.72 million current LCU | 6 |
| 1990s | 189.04 million current LCU | 27.74 million current LCU | 432.19 million current LCU | 10 |
| 2000s | 2.81 billion current LCU | 651.62 million current LCU | 6.01 billion current LCU | 10 |
| 2010s | 39.21 billion current LCU | 6.03 billion current LCU | 66.99 billion current LCU | 10 |
| 2020s | 91.56 billion current LCU | 71.43 billion current LCU | 117.10 billion current LCU | 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 gross capital formation in Ghana?
- Gross capital formation in Ghana was 117.10 billion current LCU 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 117.10 billion current LCU in 2024.
- What is the lowest gross capital formation recorded in Ghana?
- The lowest recorded value was 15,500 current LCU in 1967.
- How does Ghana rank for gross capital formation?
- Ghana ranks 111th out of 187 countries with data for 2024.
- Is gross capital formation rising or falling in Ghana?
- Over the last ten years it is up 171.6%. 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 57 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. 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.