Gross domestic savings (% of GDP) in Ghana
Ghana: Gross domestic savings (% of GDP) was 12.2% in 2024. ◆ Volatile
Gross domestic savings in Ghana, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Ghana recorded 12.2% for gross domestic savings in 2024.
That represents a change of up 31.8% on the previous year and down 38.2% over ten years.
Over the whole period, gross domestic savings in Ghana peaked at 20.7% in 2018 and was at its lowest, -3.0%, in 2008.
Ghana ranks 133rd of 188 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 domestic savings (% of GDP) in Ghana, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 17.1% | — |
| 1961 | 9.8% | -42.9% |
| 1962 | 12.9% | +31.5% |
| 1963 | 12.5% | -3.2% |
| 1964 | 15.5% | +24.7% |
| 1965 | 8.3% | -46.9% |
| 1966 | 7.8% | -5.0% |
| 1967 | 7.8% | -0.8% |
| 1968 | 10.6% | +36.9% |
| 1969 | 11.2% | +5.1% |
| 1970 | 12.8% | +14.3% |
| 1971 | 9.6% | -24.6% |
| 1972 | 12.6% | +30.5% |
| 1973 | 14.1% | +12.0% |
| 1974 | 9.6% | -32.0% |
| 1975 | 13.6% | +42.6% |
| 1976 | 8.5% | -37.5% |
| 1977 | 10.0% | +17.2% |
| 1978 | 4.0% | -59.6% |
| 1979 | 6.6% | +63.3% |
| 1980 | 4.9% | -25.3% |
| 1981 | 4.0% | -18.8% |
| 1982 | 3.7% | -6.8% |
| 1983 | 3.3% | -11.2% |
| 1984 | 4.2% | +25.1% |
| 1985 | 6.6% | +59.9% |
| 1986 | 5.8% | -12.5% |
| 1987 | 3.9% | -32.6% |
| 1988 | 5.4% | +38.5% |
| 1989 | 5.6% | +3.5% |
| 1990 | 5.5% | -2.4% |
| 1991 | 7.3% | +33.7% |
| 1992 | 1.3% | -82.8% |
| 1993 | 6.0% | +380.7% |
| 1994 | 12.5% | +105.9% |
| 1995 | 11.6% | -6.9% |
| 1996 | 13.2% | +14.0% |
| 1997 | 4.2% | -68.0% |
| 1998 | 10.3% | +142.7% |
| 1999 | 3.5% | -66.3% |
| 2000 | 5.6% | +60.9% |
| 2001 | 7.0% | +26.4% |
| 2002 | 7.4% | +6.0% |
| 2003 | 7.0% | -5.8% |
| 2004 | 7.3% | +4.4% |
| 2005 | 3.7% | -49.0% |
| 2006 | 9.4% | +151.7% |
| 2007 | -0.9% | -109.8% |
| 2008 | -3.0% | +222.2% |
| 2009 | 3.4% | -215.4% |
| 2010 | -0.7% | -120.0% |
| 2011 | 0.4% | -156.8% |
| 2012 | 4.5% | +1065.2% |
| 2013 | 14.9% | +229.7% |
| 2014 | 19.8% | +32.9% |
| 2015 | 18.9% | -4.8% |
| 2016 | 20.0% | +5.9% |
| 2017 | 16.8% | -16.0% |
| 2018 | 20.7% | +23.2% |
| 2019 | 16.7% | -19.1% |
| 2020 | 14.7% | -12.1% |
| 2021 | 14.4% | -1.8% |
| 2022 | 15.6% | +8.2% |
| 2023 | 9.3% | -40.7% |
| 2024 | 12.2% | +31.8% |
Ghana compared with similar countries
- Ghana's 12.2% is above the median for lower middle income countries, which is 12.2%, 1.0× the median. (45 countries reporting)
- Ghana's 12.2% is below the median for Sub-Saharan Africa, which is 14.7%, 83% of the median. (46 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings (% of GDP) 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 |
|---|---|---|---|
| 2012 | +1065.2% | 0.4% | 4.5% |
| 1993 | +380.7% | 1.3% | 6.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 11.4% | 7.8% | 17.1% | 10 |
| 1970s | 10.2% | 4.0% | 14.1% | 10 |
| 1980s | 4.8% | 3.3% | 6.6% | 10 |
| 1990s | 7.5% | 1.3% | 13.2% | 10 |
| 2000s | 4.7% | -3.0% | 9.4% | 10 |
| 2010s | 13.2% | -0.7% | 20.7% | 10 |
| 2020s | 13.3% | 9.3% | 15.6% | 5 |
Countries ranked near Ghana
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 in Ghana?
- Gross domestic savings in Ghana was 12.2% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Ghana?
- The highest recorded value was 20.7% in 2018.
- What is the lowest gross domestic savings recorded in Ghana?
- The lowest recorded value was -3.0% in 2008.
- How does Ghana rank for gross domestic savings?
- Ghana ranks 133rd out of 188 countries with data for 2024.
- Is gross domestic savings rising or falling in Ghana?
- Over the last ten years it is down 38.2%. 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 domestic savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). 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.