Gross fixed capital formation (current LCU) in Ghana
Ghana: Gross fixed capital formation (current LCU) was 115.23 billion current LCU in 2024. ◆ Volatile
Gross fixed capital formation in Ghana, 1967–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Ghana recorded 115.23 billion current LCU for gross fixed capital formation in 2024. That is the highest value across all 50 years on record.
Compared with earlier readings it is up 31.5% on the previous year and up 174.8% over ten years.
Over the whole period, gross fixed capital formation in Ghana peaked at 115.23 billion current LCU in 2024 and was at its lowest, 13,200 current LCU, in 1967.
That places Ghana 111th out of 181 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (current LCU) in Ghana, year by year
| Year | current LCU | Change |
|---|---|---|
| 1967 | 13,200 current LCU | — |
| 1968 | 16,000 current LCU | +21.2% |
| 1969 | 20,000 current LCU | +25.0% |
| 1970 | 27,100 current LCU | +35.5% |
| 1971 | 31,100 current LCU | +14.8% |
| 1972 | 24,400 current LCU | -21.5% |
| 1973 | 26,800 current LCU | +9.8% |
| 1974 | 55,500 current LCU | +107.1% |
| 1975 | 61,400 current LCU | +10.6% |
| 1984 | 1.85 million current LCU | +2919.7% |
| 1985 | 3.27 million current LCU | +76.3% |
| 1986 | 4.75 million current LCU | +45.4% |
| 1987 | 7.73 million current LCU | +62.6% |
| 1988 | 11.81 million current LCU | +52.9% |
| 1989 | 18.65 million current LCU | +57.8% |
| 1990 | 27.63 million current LCU | +48.2% |
| 1991 | 38.41 million current LCU | +39.0% |
| 1992 | 35.70 million current LCU | -7.1% |
| 1993 | 92.10 million current LCU | +158.0% |
| 1994 | 117.50 million current LCU | +27.6% |
| 1995 | 163.80 million current LCU | +39.4% |
| 1996 | 230.16 million current LCU | +40.5% |
| 1997 | 336.40 million current LCU | +46.2% |
| 1998 | 386.80 million current LCU | +15.0% |
| 1999 | 421.22 million current LCU | +8.9% |
| 2000 | 627.17 million current LCU | +48.9% |
| 2001 | 1.03 billion current LCU | +64.6% |
| 2002 | 917.38 million current LCU | -11.2% |
| 2003 | 1.52 billion current LCU | +65.4% |
| 2004 | 2.27 billion current LCU | +49.4% |
| 2005 | 2.82 billion current LCU | +24.4% |
| 2006 | 4.29 billion current LCU | +52.2% |
| 2007 | 3.56 billion current LCU | -17.0% |
| 2008 | 4.98 billion current LCU | +39.7% |
| 2009 | 5.66 billion current LCU | +13.8% |
| 2010 | 5.42 billion current LCU | -4.4% |
| 2011 | 7.16 billion current LCU | +32.3% |
| 2012 | 12.13 billion current LCU | +69.4% |
| 2013 | 29.92 billion current LCU | +146.6% |
| 2014 | 41.93 billion current LCU | +40.1% |
| 2015 | 49.58 billion current LCU | +18.2% |
| 2016 | 54.52 billion current LCU | +10.0% |
| 2017 | 49.63 billion current LCU | -9.0% |
| 2018 | 65.42 billion current LCU | +31.8% |
| 2019 | 64.31 billion current LCU | -1.7% |
| 2020 | 69.22 billion current LCU | +7.6% |
| 2021 | 77.35 billion current LCU | +11.7% |
| 2022 | 99.55 billion current LCU | +28.7% |
| 2023 | 87.60 billion current LCU | -12.0% |
| 2024 | 115.23 billion current LCU | +31.5% |
Ghana compared with similar countries
- Ghana's 115.23 billion current LCU is below the median for lower middle income countries, which is 457.10 billion current LCU, 25% of the median. (45 countries reporting)
- Ghana's 115.23 billion current LCU is below the median for Sub-Saharan Africa, which is 1.15 trillion current LCU, 10% of the median. (42 countries reporting)
Biggest year-on-year movements
Years where Gross fixed capital formation (current LCU) 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 |
|---|---|---|---|
| 1984 | +2919.7% | 61,400 current LCU | 1.85 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 16,400 current LCU | 13,200 current LCU | 20,000 current LCU | 3 |
| 1970s | 37,717 current LCU | 24,400 current LCU | 61,400 current LCU | 6 |
| 1980s | 8.01 million current LCU | 1.85 million current LCU | 18.65 million current LCU | 6 |
| 1990s | 184.97 million current LCU | 27.63 million current LCU | 421.22 million current LCU | 10 |
| 2000s | 2.77 billion current LCU | 627.17 million current LCU | 5.66 billion current LCU | 10 |
| 2010s | 38.00 billion current LCU | 5.42 billion current LCU | 65.42 billion current LCU | 10 |
| 2020s | 89.79 billion current LCU | 69.22 billion current LCU | 115.23 billion current LCU | 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation in Ghana?
- Gross fixed capital formation in Ghana was 115.23 billion current LCU 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 115.23 billion current LCU in 2024.
- What is the lowest gross fixed capital formation recorded in Ghana?
- The lowest recorded value was 13,200 current LCU in 1967.
- How does Ghana rank for gross fixed capital formation?
- Ghana ranks 111th out of 181 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Ghana?
- Over the last ten years it is up 174.8%. 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 Organizations and/or Central Banks, published as part of Gross fixed capital formation (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.