Gross capital formation in Ghana
Ghana: Gross capital formation was 9.9% in 2024. ▲ Rising
Gross capital formation in Ghana, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, gross capital formation in Ghana stood at 9.9%.
That represents a change of down 2.1% on the previous year and down 63.6% over ten years.
Over the whole period, gross capital formation in Ghana peaked at 29.0% in 2005 and was at its lowest, 6.9%, in 1984.
Ghana ranks 177th of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 57 years of available data.
Gross capital formation in Ghana, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 24.4% | — |
| 1961 | 20.1% | -17.6% |
| 1962 | 17.1% | -14.8% |
| 1963 | 18.7% | +9.4% |
| 1964 | 19.5% | +4.1% |
| 1965 | 17.9% | -8.3% |
| 1966 | 12.8% | -28.1% |
| 1967 | 10.3% | -19.8% |
| 1968 | 11.1% | +7.9% |
| 1969 | 11.8% | +6.1% |
| 1970 | 14.2% | +20.1% |
| 1971 | 14.1% | -0.3% |
| 1972 | 7.1% | -49.7% |
| 1973 | 9.0% | +27.0% |
| 1974 | 13.0% | +44.6% |
| 1975 | 12.7% | -2.5% |
| 1984 | 6.9% | -45.9% |
| 1985 | 9.6% | +39.2% |
| 1986 | 9.4% | -2.2% |
| 1987 | 10.4% | +11.4% |
| 1988 | 11.3% | +8.3% |
| 1989 | 13.2% | +16.9% |
| 1990 | 14.4% | +9.3% |
| 1991 | 15.9% | +9.9% |
| 1992 | 12.8% | -19.4% |
| 1993 | 22.2% | +73.5% |
| 1994 | 24.0% | +7.9% |
| 1995 | 20.0% | -16.4% |
| 1996 | 21.2% | +5.9% |
| 1997 | 24.8% | +17.0% |
| 1998 | 23.1% | -6.8% |
| 1999 | 21.0% | -9.1% |
| 2000 | 24.0% | +14.3% |
| 2001 | 26.6% | +10.8% |
| 2002 | 19.7% | -25.9% |
| 2003 | 22.9% | +16.4% |
| 2004 | 28.4% | +23.7% |
| 2005 | 29.0% | +2.2% |
| 2006 | 22.5% | -22.5% |
| 2007 | 15.4% | -31.5% |
| 2008 | 16.5% | +7.2% |
| 2009 | 16.4% | -0.4% |
| 2010 | 13.1% | -20.3% |
| 2011 | 12.8% | -2.2% |
| 2012 | 17.0% | +32.5% |
| 2013 | 24.8% | +46.0% |
| 2014 | 27.2% | +9.7% |
| 2015 | 27.7% | +2.0% |
| 2016 | 25.5% | -8.1% |
| 2017 | 19.6% | -23.1% |
| 2018 | 21.7% | +11.0% |
| 2019 | 18.6% | -14.1% |
| 2020 | 18.2% | -2.3% |
| 2021 | 17.0% | -6.5% |
| 2022 | 16.4% | -3.7% |
| 2023 | 10.1% | -38.3% |
| 2024 | 9.9% | -2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 16.4% | 10.3% | 24.4% | 10 |
| 1970s | 11.7% | 7.1% | 14.2% | 6 |
| 1980s | 10.1% | 6.9% | 13.2% | 6 |
| 1990s | 19.9% | 12.8% | 24.8% | 10 |
| 2000s | 22.1% | 15.4% | 29.0% | 10 |
| 2010s | 20.8% | 12.8% | 27.7% | 10 |
| 2020s | 14.3% | 9.9% | 18.2% | 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)
- Gross capital formation (current US$), annual growth rate 1.19 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.099 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 239.51 current US$ per person (2024)
- Gross capital formation (current LCU), annual growth rate 30.38 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 1.41 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per capita 3,401 current LCU per person (2024)
- Gross capital formation (constant 2015 US$), annual growth rate 13.04 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1667 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross capital formation in Ghana?
- Gross capital formation in Ghana was 9.9% 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 29.0% in 2005.
- What is the lowest gross capital formation recorded in Ghana?
- The lowest recorded value was 6.9% in 1984.
- How does Ghana rank for gross capital formation?
- Ghana ranks 177th 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 63.6%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 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.