Gross capital formation in Ghana
Ghana: Gross capital formation was 8.25 billion current US$ in 2024. ◆ Volatile
Latest (2024)
8.25 billion current US$
Change on year
up 1.2%
World rank
103rd
of 187 countries
All-time high
15.57 billion current US$
in 2013
All-time low
150.07 million current US$
in 1972
Years of data
57
1960–2024
Gross capital formation in Ghana, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
Ghana recorded 8.25 billion current US$ for gross capital formation in 2024.
That represents a change of up 1.2% on the previous year and down 44.5% over ten years.
Over the whole period, gross capital formation in Ghana peaked at 15.57 billion current US$ in 2013 and was at its lowest, 150.07 million current US$, in 1972.
Ghana ranks 103rd of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Ghana, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 296.95 million current US$ | — |
| 1961 | 261.94 million current US$ | -11.8% |
| 1962 | 236.72 million current US$ | -9.6% |
| 1963 | 288.55 million current US$ | +21.9% |
| 1964 | 337.57 million current US$ | +17.0% |
| 1965 | 366.99 million current US$ | +8.7% |
| 1966 | 273.14 million current US$ | -25.6% |
| 1967 | 180.06 million current US$ | -34.1% |
| 1968 | 185.32 million current US$ | +2.9% |
| 1969 | 231.41 million current US$ | +24.9% |
| 1970 | 313.77 million current US$ | +35.6% |
| 1971 | 341.30 million current US$ | +8.8% |
| 1972 | 150.07 million current US$ | -56.0% |
| 1973 | 271.39 million current US$ | +80.8% |
| 1974 | 377.64 million current US$ | +39.1% |
| 1975 | 357.45 million current US$ | -5.3% |
| 1984 | 303.43 million current US$ | -15.1% |
| 1985 | 431.07 million current US$ | +42.1% |
| 1986 | 536.98 million current US$ | +24.6% |
| 1987 | 529.51 million current US$ | -1.4% |
| 1988 | 587.14 million current US$ | +10.9% |
| 1989 | 693.72 million current US$ | +18.2% |
| 1990 | 850.62 million current US$ | +22.6% |
| 1991 | 1.05 billion current US$ | +23.3% |
| 1992 | 821.26 million current US$ | -21.7% |
| 1993 | 1.33 billion current US$ | +61.4% |
| 1994 | 1.30 billion current US$ | -1.6% |
| 1995 | 1.29 billion current US$ | -0.8% |
| 1996 | 1.47 billion current US$ | +13.6% |
| 1997 | 1.71 billion current US$ | +16.3% |
| 1998 | 1.73 billion current US$ | +1.1% |
| 1999 | 1.62 billion current US$ | -6.3% |
| 2000 | 1.20 billion current US$ | -26.2% |
| 2001 | 1.41 billion current US$ | +18.2% |
| 2002 | 1.21 billion current US$ | -14.1% |
| 2003 | 1.75 billion current US$ | +44.1% |
| 2004 | 2.52 billion current US$ | +44.0% |
| 2005 | 3.12 billion current US$ | +23.6% |
| 2006 | 4.69 billion current US$ | +50.6% |
| 2007 | 3.82 billion current US$ | -18.6% |
| 2008 | 4.73 billion current US$ | +23.8% |
| 2009 | 4.28 billion current US$ | -9.5% |
| 2010 | 4.22 billion current US$ | -1.5% |
| 2011 | 5.04 billion current US$ | +19.5% |
| 2012 | 7.00 billion current US$ | +39.0% |
| 2013 | 15.57 billion current US$ | +122.3% |
| 2014 | 14.85 billion current US$ | -4.6% |
| 2015 | 13.70 billion current US$ | -7.8% |
| 2016 | 14.29 billion current US$ | +4.3% |
| 2017 | 11.81 billion current US$ | -17.3% |
| 2018 | 14.60 billion current US$ | +23.6% |
| 2019 | 12.75 billion current US$ | -12.7% |
| 2020 | 12.76 billion current US$ | +0.1% |
| 2021 | 13.55 billion current US$ | +6.2% |
| 2022 | 12.13 billion current US$ | -10.5% |
| 2023 | 8.15 billion current US$ | -32.8% |
| 2024 | 8.25 billion current US$ | +1.2% |
Ghana compared with similar countries
- Ghana's 8.25 billion current US$ is above the median for lower middle income countries, which is 5.91 billion current US$, 1.4× the median. (45 countries reporting)
- Ghana's 8.25 billion current US$ is above the median for Sub-Saharan Africa, which is 4.76 billion current US$, 1.7× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 265.87 million current US$ | 180.06 million current US$ | 366.99 million current US$ | 10 |
| 1970s | 301.94 million current US$ | 150.07 million current US$ | 377.64 million current US$ | 6 |
| 1980s | 513.64 million current US$ | 303.43 million current US$ | 693.72 million current US$ | 6 |
| 1990s | 1.32 billion current US$ | 821.26 million current US$ | 1.73 billion current US$ | 10 |
| 2000s | 2.87 billion current US$ | 1.20 billion current US$ | 4.73 billion current US$ | 10 |
| 2010s | 11.38 billion current US$ | 4.22 billion current US$ | 15.57 billion current US$ | 10 |
| 2020s | 10.97 billion current US$ | 8.15 billion current US$ | 13.55 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$), annual growth rate 23.42 % change on previous year (2024)
Frequently asked questions
- What is gross capital formation in Ghana?
- Gross capital formation in Ghana was 8.25 billion current US$ 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 15.57 billion current US$ in 2013.
- What is the lowest gross capital formation recorded in Ghana?
- The lowest recorded value was 150.07 million current US$ in 1972.
- How does Ghana rank for gross capital formation?
- Ghana ranks 103rd out of 187 countries with data for 2024.
- Is gross capital formation rising or falling in Ghana?
- Over the last ten years it is down 44.5%. 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 US$). 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 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.