Gross fixed capital formation (current US$) in Ghana
Ghana: Gross fixed capital formation (current US$) was 8.11 billion current US$ in 2024. ◆ Volatile
Latest (2024)
8.11 billion current US$
Change on year
up 2.1%
World rank
101st
of 181 countries
All-time high
15.11 billion current US$
in 2013
All-time low
153.34 million current US$
in 1967
Years of data
50
1967–2024
Gross fixed capital formation in Ghana, 1967–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, gross fixed capital formation in Ghana stood at 8.11 billion current US$.
The figure is up 2.1% on the previous year and down 43.8% over ten years.
Over the whole period, gross fixed capital formation in Ghana peaked at 15.11 billion current US$ in 2013 and was at its lowest, 153.34 million current US$, in 1967.
Ghana ranks 101st of 181 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (current US$) in Ghana, year by year
| Year | current US$ | Change |
|---|---|---|
| 1967 | 153.34 million current US$ | — |
| 1968 | 156.89 million current US$ | +2.3% |
| 1969 | 196.11 million current US$ | +25.0% |
| 1970 | 265.73 million current US$ | +35.5% |
| 1971 | 300.69 million current US$ | +13.2% |
| 1972 | 183.09 million current US$ | -39.1% |
| 1973 | 230.17 million current US$ | +25.7% |
| 1974 | 344.72 million current US$ | +49.8% |
| 1975 | 326.60 million current US$ | -5.3% |
| 1984 | 302.37 million current US$ | -7.4% |
| 1985 | 429.24 million current US$ | +42.0% |
| 1986 | 533.16 million current US$ | +24.2% |
| 1987 | 525.77 million current US$ | -1.4% |
| 1988 | 584.20 million current US$ | +11.1% |
| 1989 | 690.94 million current US$ | +18.3% |
| 1990 | 847.22 million current US$ | +22.6% |
| 1991 | 1.04 billion current US$ | +23.3% |
| 1992 | 817.15 million current US$ | -21.8% |
| 1993 | 1.42 billion current US$ | +73.7% |
| 1994 | 1.23 billion current US$ | -13.4% |
| 1995 | 1.37 billion current US$ | +11.1% |
| 1996 | 1.41 billion current US$ | +3.0% |
| 1997 | 1.64 billion current US$ | +16.7% |
| 1998 | 1.67 billion current US$ | +1.9% |
| 1999 | 1.58 billion current US$ | -5.6% |
| 2000 | 1.15 billion current US$ | -27.1% |
| 2001 | 1.44 billion current US$ | +25.2% |
| 2002 | 1.16 billion current US$ | -19.7% |
| 2003 | 1.75 billion current US$ | +51.2% |
| 2004 | 2.52 billion current US$ | +44.0% |
| 2005 | 3.12 billion current US$ | +23.6% |
| 2006 | 4.69 billion current US$ | +50.6% |
| 2007 | 3.82 billion current US$ | -18.6% |
| 2008 | 4.73 billion current US$ | +23.8% |
| 2009 | 4.03 billion current US$ | -14.8% |
| 2010 | 3.79 billion current US$ | -6.1% |
| 2011 | 4.71 billion current US$ | +24.4% |
| 2012 | 6.65 billion current US$ | +41.1% |
| 2013 | 15.11 billion current US$ | +127.2% |
| 2014 | 14.45 billion current US$ | -4.4% |
| 2015 | 13.35 billion current US$ | -7.6% |
| 2016 | 13.94 billion current US$ | +4.4% |
| 2017 | 11.40 billion current US$ | -18.2% |
| 2018 | 14.26 billion current US$ | +25.0% |
| 2019 | 12.33 billion current US$ | -13.5% |
| 2020 | 12.36 billion current US$ | +0.3% |
| 2021 | 13.32 billion current US$ | +7.7% |
| 2022 | 11.98 billion current US$ | -10.1% |
| 2023 | 7.95 billion current US$ | -33.6% |
| 2024 | 8.11 billion current US$ | +2.1% |
Ghana compared with similar countries
- Ghana's 8.11 billion current US$ is above the median for lower middle income countries, which is 5.47 billion current US$, 1.5× the median. (45 countries reporting)
- Ghana's 8.11 billion current US$ is above the median for Sub-Saharan Africa, which is 4.33 billion current US$, 1.9× the median. (42 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 168.78 million current US$ | 153.34 million current US$ | 196.11 million current US$ | 3 |
| 1970s | 275.16 million current US$ | 183.09 million current US$ | 344.72 million current US$ | 6 |
| 1980s | 510.95 million current US$ | 302.37 million current US$ | 690.94 million current US$ | 6 |
| 1990s | 1.30 billion current US$ | 817.15 million current US$ | 1.67 billion current US$ | 10 |
| 2000s | 2.84 billion current US$ | 1.15 billion current US$ | 4.73 billion current US$ | 10 |
| 2010s | 11.00 billion current US$ | 3.79 billion current US$ | 15.11 billion current US$ | 10 |
| 2020s | 10.75 billion current US$ | 7.95 billion current US$ | 13.32 billion current US$ | 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 8.11 billion current US$ 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 15.11 billion current US$ in 2013.
- What is the lowest gross fixed capital formation recorded in Ghana?
- The lowest recorded value was 153.34 million current US$ in 1967.
- How does Ghana rank for gross fixed capital formation?
- Ghana ranks 101st 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 down 43.8%. 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 (current US$). 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 indicator is expressed in United States dollars.