Gross fixed capital formation in Ghana
Ghana: Gross fixed capital formation was 13.55 billion constant 2015 US$ in 2024. ▬ Flat
Gross fixed capital formation in Ghana, 2006–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2024, gross fixed capital formation in Ghana stood at 13.55 billion constant 2015 US$.
The figure is up 13.8% on the previous year and down 1.3% over ten years.
Over the whole period, gross fixed capital formation in Ghana peaked at 17.69 billion constant 2015 US$ in 2008 and was at its lowest, 9.89 billion constant 2015 US$, in 2010.
That places Ghana 75th out of 161 countries with data for 2024, putting it in the middle of the range.
Gross fixed capital formation in Ghana, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2006 | 14.15 billion constant 2015 US$ | — |
| 2007 | 16.32 billion constant 2015 US$ | +15.4% |
| 2008 | 17.69 billion constant 2015 US$ | +8.4% |
| 2009 | 13.24 billion constant 2015 US$ | -25.2% |
| 2010 | 9.89 billion constant 2015 US$ | -25.3% |
| 2011 | 12.42 billion constant 2015 US$ | +25.6% |
| 2012 | 17.68 billion constant 2015 US$ | +42.4% |
| 2013 | 13.06 billion constant 2015 US$ | -26.1% |
| 2014 | 13.73 billion constant 2015 US$ | +5.1% |
| 2015 | 13.35 billion constant 2015 US$ | -2.7% |
| 2016 | 14.99 billion constant 2015 US$ | +12.2% |
| 2017 | 15.14 billion constant 2015 US$ | +1.0% |
| 2018 | 17.13 billion constant 2015 US$ | +13.2% |
| 2019 | 15.42 billion constant 2015 US$ | -10.0% |
| 2020 | 15.69 billion constant 2015 US$ | +1.8% |
| 2021 | 16.60 billion constant 2015 US$ | +5.8% |
| 2022 | 16.73 billion constant 2015 US$ | +0.8% |
| 2023 | 11.90 billion constant 2015 US$ | -28.9% |
| 2024 | 13.55 billion constant 2015 US$ | +13.8% |
Ghana compared with similar countries
- Ghana's 13.55 billion constant 2015 US$ is above the median for lower middle income countries, which is 5.11 billion constant 2015 US$, 2.7× the median. (42 countries reporting)
- Ghana's 13.55 billion constant 2015 US$ is above the median for Sub-Saharan Africa, which is 4.00 billion constant 2015 US$, 3.4× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.35 billion constant 2015 US$ | 13.24 billion constant 2015 US$ | 17.69 billion constant 2015 US$ | 4 |
| 2010s | 14.28 billion constant 2015 US$ | 9.89 billion constant 2015 US$ | 17.68 billion constant 2015 US$ | 10 |
| 2020s | 14.89 billion constant 2015 US$ | 11.90 billion constant 2015 US$ | 16.73 billion constant 2015 US$ | 5 |
Countries ranked near Ghana
- 72 Bulgaria 14.74 billion constant 2015 US$ compare
- 73 Costa Rica 14.09 billion constant 2015 US$ compare
- 74 Puerto Rico 13.68 billion constant 2015 US$ compare
- 76 Uganda 13.33 billion constant 2015 US$ compare
- 77 Cambodia 13.09 billion constant 2015 US$ compare
- 78 Bahrain 12.94 billion constant 2015 US$ 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 38.84 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0003 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1.11 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.91 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 8.08 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0167 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 54.42 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 23.42 % change on previous year (2024)
Frequently asked questions
- What is gross fixed capital formation in Ghana?
- Gross fixed capital formation in Ghana was 13.55 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Ghana?
- The highest recorded value was 17.69 billion constant 2015 US$ in 2008.
- What is the lowest gross fixed capital formation recorded in Ghana?
- The lowest recorded value was 9.89 billion constant 2015 US$ in 2010.
- How does Ghana rank for gross fixed capital formation?
- Ghana ranks 75th out of 161 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Ghana?
- Over the last ten years it is down 1.3%. The long-run trend across the full record is flat.
- 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 fixed capital formation (constant 2015 US$). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.