Gross Fixed Capital Formation — Annual growth Standard Local Currency in Ghana
Ghana: Gross Fixed Capital Formation — Annual growth Standard Local Currency was 34.5 % in 2024. ◆ Volatile
Gross Fixed Capital Formation — Annual growth Standard Local Currency in Ghana, 1971–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
In 2024, gross fixed capital formation — annual growth standard local currency in Ghana stood at 34.5 %.
Compared with earlier readings it is up 888.2% on the previous year and down 14.0% over ten years.
Over the whole period, gross fixed capital formation — annual growth standard local currency in Ghana peaked at 167.86 % in 1984 and was at its lowest, -21.34 %, in 1972.
Ghana ranks 12th of 202 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Annual growth Standard Local Currency in Ghana, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 14.48 % | — |
| 1972 | -21.34 % | -247.4% |
| 1973 | 9.57 % | -144.9% |
| 1974 | 107.06 % | +1018.1% |
| 1975 | 10.69 % | -90.0% |
| 1976 | 4.4 % | -58.9% |
| 1977 | 63.69 % | +1347.8% |
| 1978 | 29.21 % | -54.1% |
| 1979 | 40.09 % | +37.2% |
| 1980 | 37.63 % | -6.1% |
| 1981 | 31.26 % | -16.9% |
| 1982 | -10.99 % | -135.2% |
| 1983 | 126.73 % | -1253.3% |
| 1984 | 167.86 % | +32.5% |
| 1985 | 76.3 % | -54.5% |
| 1986 | 45.31 % | -40.6% |
| 1987 | 62.74 % | +38.5% |
| 1988 | 47.61 % | -24.1% |
| 1989 | 67.4 % | +41.6% |
| 1990 | 29.69 % | -56.0% |
| 1991 | 31.77 % | +7.0% |
| 1992 | 18.29 % | -42.4% |
| 1993 | 138.62 % | +657.9% |
| 1994 | 27.48 % | -80.2% |
| 1995 | 46.87 % | +70.5% |
| 1996 | 33.45 % | -28.6% |
| 1997 | 46.28 % | +38.3% |
| 1998 | 14.91 % | -67.8% |
| 1999 | 21.95 % | +47.2% |
| 2000 | 48.9 % | +122.8% |
| 2001 | 64.64 % | +32.2% |
| 2002 | -11.16 % | -117.3% |
| 2003 | 65.41 % | -686.3% |
| 2004 | 49.4 % | -24.5% |
| 2005 | 24.43 % | -50.6% |
| 2006 | 25.86 % | +5.9% |
| 2007 | -17.04 % | -165.9% |
| 2008 | 39.72 % | -333.1% |
| 2009 | 13.82 % | -65.2% |
| 2010 | -4.39 % | -131.7% |
| 2011 | 32.27 % | -835.6% |
| 2012 | 69.36 % | +114.9% |
| 2013 | -8.54 % | -112.3% |
| 2014 | 40.12 % | -570.0% |
| 2015 | 18.24 % | -54.5% |
| 2016 | 9.97 % | -45.3% |
| 2017 | -8.96 % | -189.9% |
| 2018 | 31.8 % | -455.0% |
| 2019 | -1.69 % | -105.3% |
| 2020 | 7.63 % | -552.1% |
| 2021 | 11.75 % | +54.0% |
| 2022 | 21.66 % | +84.4% |
| 2023 | -4.38 % | -120.2% |
| 2024 | 34.5 % | -888.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.65 % | -21.34 % | 107.06 % | 9 |
| 1980s | 65.18 % | -10.99 % | 167.86 % | 10 |
| 1990s | 40.93 % | 14.91 % | 138.62 % | 10 |
| 2000s | 30.4 % | -17.04 % | 65.41 % | 10 |
| 2010s | 17.82 % | -8.96 % | 69.36 % | 10 |
| 2020s | 14.23 % | -4.38 % | 34.5 % | 5 |
Countries ranked near Ghana
- 9 Uzbekistan 37.99 % compare
- 10 USSR 37.94 % compare
- 11 Angola 37.5 % compare
- 12 Timor-Leste -0.4629 % compare
- 13 Madagascar 27.7 % compare
- 14 Ethiopia 24.57 % compare
- 15 Rwanda 23.37 % compare
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)
- Industry (including construction), value added (constant 2015 US$) 2.3 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.2009 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 654.21 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 2.3 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 0.5667 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 1,846 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 34.7 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.4287 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation — annual growth standard local currency in Ghana?
- Gross fixed capital formation — annual growth standard local currency in Ghana was 34.5 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — annual growth standard local currency recorded in Ghana?
- The highest recorded value was 167.86 % in 1984.
- What is the lowest gross fixed capital formation — annual growth standard local currency recorded in Ghana?
- The lowest recorded value was -21.34 % in 1972.
- How does Ghana rank for gross fixed capital formation — annual growth standard local currency?
- Ghana ranks 12th out of 202 countries with data for 2024.
- Is gross fixed capital formation — annual growth standard local currency rising or falling in Ghana?
- Over the last ten years it is down 14.0%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Annual growth Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).