Gross domestic savings (current LCU), annual growth rate (LCU annual) in Ghana
Ghana: Gross domestic savings (current LCU), annual growth rate (LCU annual) was 75.65 % change on previous year in 2024. ◆ Volatile
Gross domestic savings (current LCU), annual growth rate in Ghana, 1961–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Ghana recorded 75.65 % change on previous year for gross domestic savings (current lcu), annual growth rate in 2024.
Compared with earlier readings it is up 631.4% on the previous year and up 9.0% over ten years.
Over the whole period, gross domestic savings (current lcu), annual growth rate in Ghana peaked at 564.09 % change on previous year in 1993 and was at its lowest, -320 % change on previous year, in 2008.
That places Ghana 6th out of 185 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings (current LCU), annual growth rate (LCU annual) in Ghana, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | -38.93 % change on previous year | — |
| 1962 | 39.56 % change on previous year | -201.6% |
| 1963 | 7.87 % change on previous year | -80.1% |
| 1964 | 40.15 % change on previous year | +409.9% |
| 1965 | -36.98 % change on previous year | -192.1% |
| 1966 | -1.65 % change on previous year | -95.5% |
| 1967 | -1.68 % change on previous year | +1.7% |
| 1968 | 54.7 % change on previous year | -3354.7% |
| 1969 | 23.76 % change on previous year | -56.6% |
| 1970 | 29.02 % change on previous year | +22.1% |
| 1971 | -16.61 % change on previous year | -157.2% |
| 1972 | 46.89 % change on previous year | -382.3% |
| 1973 | 39.27 % change on previous year | -16.3% |
| 1974 | -9.53 % change on previous year | -124.3% |
| 1975 | 61.66 % change on previous year | -746.8% |
| 1976 | -22.75 % change on previous year | -136.9% |
| 1977 | 100.54 % change on previous year | -542.0% |
| 1978 | -23.99 % change on previous year | -123.9% |
| 1979 | 119.67 % change on previous year | -598.8% |
| 1980 | 13.4 % change on previous year | -88.8% |
| 1981 | 37.54 % change on previous year | +180.1% |
| 1982 | 10.97 % change on previous year | -70.8% |
| 1983 | 89.1 % change on previous year | +712.5% |
| 1984 | 83.96 % change on previous year | -5.8% |
| 1985 | 102.7 % change on previous year | +22.3% |
| 1986 | 30.37 % change on previous year | -70.4% |
| 1987 | -1.67 % change on previous year | -105.5% |
| 1988 | 95.18 % change on previous year | -5782.9% |
| 1989 | 39.57 % change on previous year | -58.4% |
| 1990 | 32.23 % change on previous year | -18.6% |
| 1991 | 69.02 % change on previous year | +114.2% |
| 1992 | -80.15 % change on previous year | -216.1% |
| 1993 | 564.09 % change on previous year | -803.8% |
| 1994 | 176.76 % change on previous year | -68.7% |
| 1995 | 38.61 % change on previous year | -78.2% |
| 1996 | 66.82 % change on previous year | +73.1% |
| 1997 | -60.22 % change on previous year | -190.1% |
| 1998 | 197.39 % change on previous year | -427.8% |
| 1999 | -59.94 % change on previous year | -130.4% |
| 2000 | 112.3 % change on previous year | -287.4% |
| 2001 | 77.19 % change on previous year | -31.3% |
| 2002 | 36.09 % change on previous year | -53.2% |
| 2003 | 27.48 % change on previous year | -23.9% |
| 2004 | 26.03 % change on previous year | -5.3% |
| 2005 | -37.93 % change on previous year | -245.7% |
| 2006 | 394.63 % change on previous year | -1140.5% |
| 2007 | -111.87 % change on previous year | -128.3% |
| 2008 | -320 % change on previous year | +186.1% |
| 2009 | 239.99 % change on previous year | -175.0% |
| 2010 | -125.13 % change on previous year | -152.1% |
| 2011 | 173.74 % change on previous year | -238.8% |
| 2013 | 444.83 % change on previous year | +156.0% |
| 2014 | 69.4 % change on previous year | -84.4% |
| 2015 | 10.16 % change on previous year | -85.4% |
| 2016 | 26.72 % change on previous year | +163.0% |
| 2017 | 0.5273 % change on previous year | -98.0% |
| 2018 | 44.66 % change on previous year | +8368.5% |
| 2019 | -6.49 % change on previous year | -114.5% |
| 2020 | -3.37 % change on previous year | -48.1% |
| 2021 | 15.71 % change on previous year | -566.4% |
| 2022 | 43.95 % change on previous year | +179.7% |
| 2023 | -14.24 % change on previous year | -132.4% |
| 2024 | 75.65 % change on previous year | -631.4% |
Ghana compared with similar countries
- Ghana's 75.65 % change on previous year is above the median for lower middle income countries, which is 7.73 % change on previous year, 9.8× the median. (45 countries reporting)
- Ghana's 75.65 % change on previous year is above the median for Sub-Saharan Africa, which is 12.37 % change on previous year, 6.1× the median. (46 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings (current LCU), annual growth rate (LCU 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 |
|---|---|---|---|
| 2018 | +8368.5% | 0.5273 % change on previous year | 44.66 % change on previous year |
| 1988 | +5782.9% | -1.67 % change on previous year | 95.18 % change on previous year |
| 1968 | +3354.7% | -1.68 % change on previous year | 54.7 % change on previous year |
| 2006 | +1140.5% | -37.93 % change on previous year | 394.63 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.64 % change on previous year | -38.93 % change on previous year | 54.7 % change on previous year | 9 |
| 1970s | 32.42 % change on previous year | -23.99 % change on previous year | 119.67 % change on previous year | 10 |
| 1980s | 50.11 % change on previous year | -1.67 % change on previous year | 102.7 % change on previous year | 10 |
| 1990s | 94.46 % change on previous year | -80.15 % change on previous year | 564.09 % change on previous year | 10 |
| 2000s | 44.39 % change on previous year | -320 % change on previous year | 394.63 % change on previous year | 10 |
| 2010s | 70.94 % change on previous year | -125.13 % change on previous year | 444.83 % change on previous year | 9 |
| 2020s | 23.54 % change on previous year | -14.24 % change on previous year | 75.65 % change on previous year | 5 |
Countries ranked near Ghana
- 3 Vanuatu 290.86 % change on previous year compare
- 4 Venezuela 194.46 % change on previous year compare
- 5 Nicaragua 86.27 % change on previous year compare
- 7 El Salvador 65.76 % change on previous year compare
- 8 Guatemala 65.59 % change on previous year compare
- 9 Laos 64.09 % change on previous year compare
More economy & growth data for Ghana
- Real gdp growth, annual growth rate 86.92 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 457.43 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.374 units per person (2025)
- SDRs holdings, SDR, annual growth rate 430.83 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.2731 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is gross domestic savings (current lcu), annual growth rate in Ghana?
- Gross domestic savings (current lcu), annual growth rate in Ghana was 75.65 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic savings (current lcu), annual growth rate recorded in Ghana?
- The highest recorded value was 564.09 % change on previous year in 1993.
- What is the lowest gross domestic savings (current lcu), annual growth rate recorded in Ghana?
- The lowest recorded value was -320 % change on previous year in 2008.
- How does Ghana rank for gross domestic savings (current lcu), annual growth rate?
- Ghana ranks 6th out of 185 countries with data for 2024.
- Is gross domestic savings (current lcu), annual growth rate rising or falling in Ghana?
- Over the last ten years it is up 9.0%. 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 Gross domestic savings (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 63 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 Gross domestic savings (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic savings Country official statistics, National Statistical Organizations and/or Central Banks
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 Gross domestic savings (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.