Gross fixed capital formation in Ghana
Ghana: Gross fixed capital formation was 13.8% in 2024. ◆ Volatile
Gross fixed capital formation in Ghana, 2007–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2024, gross fixed capital formation in Ghana stood at 13.8%.
Compared with earlier readings it is up 147.9% on the previous year and up 170.8% over ten years.
Over the whole period, gross fixed capital formation in Ghana peaked at 42.4% in 2012 and was at its lowest, -28.9%, in 2023.
Ghana ranks 21st of 166 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in Ghana, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2007 | 15.4% | — |
| 2008 | 8.4% | -45.6% |
| 2009 | -25.2% | -400.6% |
| 2010 | -25.3% | +0.4% |
| 2011 | 25.6% | -201.2% |
| 2012 | 42.4% | +65.7% |
| 2013 | -26.1% | -161.7% |
| 2014 | 5.1% | -119.5% |
| 2015 | -2.7% | -153.3% |
| 2016 | 12.2% | -549.0% |
| 2017 | 1.0% | -91.6% |
| 2018 | 13.2% | +1178.7% |
| 2019 | -10.0% | -176.2% |
| 2020 | 1.8% | -117.7% |
| 2021 | 5.8% | +228.6% |
| 2022 | 0.8% | -86.5% |
| 2023 | -28.9% | -3779.7% |
| 2024 | 13.8% | -147.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.5% | -25.2% | 15.4% | 3 |
| 2010s | 3.5% | -26.1% | 42.4% | 10 |
| 2020s | -1.3% | -28.9% | 13.8% | 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 value added at basic prices (GVA) (current US$), annual growth 37.1 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.934 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 3,042 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 21.22 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 11.73 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 38,201 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 5.88 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.6389 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation in Ghana?
- Gross fixed capital formation in Ghana was 13.8% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in Ghana?
- The highest recorded value was 42.4% in 2012.
- What is the lowest gross fixed capital formation recorded in Ghana?
- The lowest recorded value was -28.9% in 2023.
- How does Ghana rank for gross fixed capital formation?
- Ghana ranks 21st out of 166 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Ghana?
- Over the last ten years it is up 170.8%. 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 Offices (NSOs), published as part of Gross fixed capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.