Gross fixed capital formation in Ghana
Ghana: Gross fixed capital formation was 9.7% in 2024. ▲ Rising
Gross fixed capital formation in Ghana, 1967–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, gross fixed capital formation in Ghana stood at 9.7%.
Compared with earlier readings it is down 1.3% on the previous year and down 63.1% over ten years.
Over the whole period, gross fixed capital formation in Ghana peaked at 29.0% in 2005 and was at its lowest, 6.9%, in 1984.
That places Ghana 172nd out of 181 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 50 years of available data.
Gross fixed capital formation in Ghana, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1967 | 8.8% | — |
| 1968 | 9.4% | +7.2% |
| 1969 | 10.0% | +6.2% |
| 1970 | 12.0% | +20.0% |
| 1971 | 12.4% | +3.7% |
| 1972 | 8.7% | -30.3% |
| 1973 | 7.7% | -11.7% |
| 1974 | 11.9% | +55.6% |
| 1975 | 11.6% | -2.4% |
| 1984 | 6.9% | -41.0% |
| 1985 | 9.5% | +39.1% |
| 1986 | 9.3% | -2.5% |
| 1987 | 10.4% | +11.5% |
| 1988 | 11.2% | +8.5% |
| 1989 | 13.2% | +17.1% |
| 1990 | 14.4% | +9.3% |
| 1991 | 15.8% | +10.0% |
| 1992 | 12.7% | -19.5% |
| 1993 | 23.8% | +86.8% |
| 1994 | 22.6% | -5.1% |
| 1995 | 21.1% | -6.4% |
| 1996 | 20.3% | -3.9% |
| 1997 | 23.8% | +17.4% |
| 1998 | 22.4% | -6.2% |
| 1999 | 20.5% | -8.5% |
| 2000 | 23.1% | +12.9% |
| 2001 | 27.1% | +17.4% |
| 2002 | 18.8% | -30.8% |
| 2003 | 22.9% | +22.2% |
| 2004 | 28.4% | +23.7% |
| 2005 | 29.0% | +2.2% |
| 2006 | 22.5% | -22.5% |
| 2007 | 15.4% | -31.5% |
| 2008 | 16.5% | +7.2% |
| 2009 | 15.5% | -6.1% |
| 2010 | 11.8% | -24.0% |
| 2011 | 12.0% | +1.8% |
| 2012 | 16.1% | +34.5% |
| 2013 | 24.0% | +49.2% |
| 2014 | 26.4% | +9.9% |
| 2015 | 27.0% | +2.2% |
| 2016 | 24.8% | -8.1% |
| 2017 | 18.9% | -23.9% |
| 2018 | 21.2% | +12.2% |
| 2019 | 18.0% | -14.9% |
| 2020 | 17.7% | -2.1% |
| 2021 | 16.8% | -5.1% |
| 2022 | 16.2% | -3.3% |
| 2023 | 9.9% | -39.1% |
| 2024 | 9.7% | -1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.4% | 8.8% | 10.0% | 3 |
| 1970s | 10.7% | 7.7% | 12.4% | 6 |
| 1980s | 10.1% | 6.9% | 13.2% | 6 |
| 1990s | 19.7% | 12.7% | 23.8% | 10 |
| 2000s | 21.9% | 15.4% | 29.0% | 10 |
| 2010s | 20.0% | 11.8% | 27.0% | 10 |
| 2020s | 14.0% | 9.7% | 17.7% | 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)
- Manufacturing, value added (current US$), per unit of GDP 0.1011 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 329.19 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 1.27 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 4,134 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0752 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 244.78 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 649.98 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 37.37 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation in Ghana?
- Gross fixed capital formation in Ghana was 9.7% 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 29.0% in 2005.
- What is the lowest gross fixed capital formation recorded in Ghana?
- The lowest recorded value was 6.9% in 1984.
- How does Ghana rank for gross fixed capital formation?
- Ghana ranks 172nd 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 63.1%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.