Gross Fixed Capital Formation — Value Standard Local Currency in Ghana
Ghana: Gross Fixed Capital Formation — Value Standard Local Currency was 121,033 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Ghana, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Ghana recorded 121,033 million SLC for gross fixed capital formation — value standard local currency in 2024. That is the highest value across all 55 years on record.
That represents a change of up 34.5% on the previous year and up 188.7% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Ghana peaked at 121,033 million SLC in 2024 and was at its lowest, 0.0711 million SLC, in 1972.
Ghana ranks 125th of 230 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 — Value Standard Local Currency in Ghana, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 0.079 million SLC | — |
| 1971 | 0.0904 million SLC | +14.5% |
| 1972 | 0.0711 million SLC | -21.3% |
| 1973 | 0.078 million SLC | +9.6% |
| 1974 | 0.1614 million SLC | +107.1% |
| 1975 | 0.1787 million SLC | +10.7% |
| 1976 | 0.1865 million SLC | +4.4% |
| 1977 | 0.3053 million SLC | +63.7% |
| 1978 | 0.3945 million SLC | +29.2% |
| 1979 | 0.5527 million SLC | +40.1% |
| 1980 | 0.7607 million SLC | +37.6% |
| 1981 | 0.9985 million SLC | +31.3% |
| 1982 | 0.8887 million SLC | -11.0% |
| 1983 | 2.02 million SLC | +126.7% |
| 1984 | 5.4 million SLC | +167.9% |
| 1985 | 9.52 million SLC | +76.3% |
| 1986 | 13.83 million SLC | +45.3% |
| 1987 | 22.5 million SLC | +62.7% |
| 1988 | 33.22 million SLC | +47.6% |
| 1989 | 55.6 million SLC | +67.4% |
| 1990 | 72.11 million SLC | +29.7% |
| 1991 | 95.02 million SLC | +31.8% |
| 1992 | 112.4 million SLC | +18.3% |
| 1993 | 268.2 million SLC | +138.6% |
| 1994 | 341.9 million SLC | +27.5% |
| 1995 | 502.16 million SLC | +46.9% |
| 1996 | 670.13 million SLC | +33.4% |
| 1997 | 980.24 million SLC | +46.3% |
| 1998 | 1,126 million SLC | +14.9% |
| 1999 | 1,374 million SLC | +21.9% |
| 2000 | 2,045 million SLC | +48.9% |
| 2001 | 3,367 million SLC | +64.6% |
| 2002 | 2,992 million SLC | -11.2% |
| 2003 | 4,949 million SLC | +65.4% |
| 2004 | 7,393 million SLC | +49.4% |
| 2005 | 9,199 million SLC | +24.4% |
| 2006 | 11,577 million SLC | +25.9% |
| 2007 | 9,605 million SLC | -17.0% |
| 2008 | 13,420 million SLC | +39.7% |
| 2009 | 15,275 million SLC | +13.8% |
| 2010 | 14,605 million SLC | -4.4% |
| 2011 | 19,317 million SLC | +32.3% |
| 2012 | 32,716 million SLC | +69.4% |
| 2013 | 29,923 million SLC | -8.5% |
| 2014 | 41,929 million SLC | +40.1% |
| 2015 | 49,575 million SLC | +18.2% |
| 2016 | 54,517 million SLC | +10.0% |
| 2017 | 49,633 million SLC | -9.0% |
| 2018 | 65,418 million SLC | +31.8% |
| 2019 | 64,314 million SLC | -1.7% |
| 2020 | 69,220 million SLC | +7.6% |
| 2021 | 77,351 million SLC | +11.7% |
| 2022 | 94,107 million SLC | +21.7% |
| 2023 | 89,987 million SLC | -4.4% |
| 2024 | 121,033 million SLC | +34.5% |
Ghana compared with similar countries
- Ghana's 121,033 million SLC is below the median for lower middle income countries, which is 367,772 million SLC, 33% of the median. (44 countries reporting)
- Ghana's 121,033 million SLC is below the median for Sub-Saharan Africa, which is 1.26 million million SLC, 10% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.2098 million SLC | 0.0711 million SLC | 0.5527 million SLC | 10 |
| 1980s | 14.47 million SLC | 0.7607 million SLC | 55.6 million SLC | 10 |
| 1990s | 554.21 million SLC | 72.11 million SLC | 1,374 million SLC | 10 |
| 2000s | 7,982 million SLC | 2,045 million SLC | 15,275 million SLC | 10 |
| 2010s | 42,195 million SLC | 14,605 million SLC | 65,418 million SLC | 10 |
| 2020s | 90,340 million SLC | 69,220 million SLC | 121,033 million SLC | 5 |
Countries ranked near Ghana
- 122 Nicaragua 138,045 million SLC compare
- 123 Bhutan 123,819 million SLC compare
- 124 Austria 121,409 million SLC compare
- 126 Turkmenistan 112,017 million SLC compare
- 127 New Zealand 108,078 million SLC compare
- 128 Mauritania 98,012 million SLC 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)
- 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 — value standard local currency in Ghana?
- Gross fixed capital formation — value standard local currency in Ghana was 121,033 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Ghana?
- The highest recorded value was 121,033 million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Ghana?
- The lowest recorded value was 0.0711 million SLC in 1972.
- How does Ghana rank for gross fixed capital formation — value standard local currency?
- Ghana ranks 125th out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Ghana?
- Over the last ten years it is up 188.7%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).