Gross savings in Ghana
Ghana: Gross savings was 146.54 billion current LCU in 2024. ◆ Volatile
Gross savings in Ghana, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Ghana recorded 146.54 billion current LCU for gross savings in 2024. That is the highest value across all 50 years on record.
The figure is up 78.9% on the previous year and up 406.3% over ten years.
Over the whole period, gross savings in Ghana peaked at 146.54 billion current LCU in 2024 and was at its lowest, 57,221 current LCU, in 1976.
Ghana ranks 99th of 178 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 savings in Ghana, year by year
| Year | current LCU | Change |
|---|---|---|
| 1975 | 76,270 current LCU | — |
| 1976 | 57,221 current LCU | -25.0% |
| 1977 | 128,183 current LCU | +124.0% |
| 1978 | 113,501 current LCU | -11.5% |
| 1979 | 232,983 current LCU | +105.3% |
| 1980 | 270,998 current LCU | +16.3% |
| 1981 | 414,212 current LCU | +52.8% |
| 1982 | 480,228 current LCU | +15.9% |
| 1983 | 783,425 current LCU | +63.1% |
| 1984 | 1.83 million current LCU | +133.0% |
| 1985 | 2.76 million current LCU | +51.0% |
| 1986 | 3.54 million current LCU | +28.6% |
| 1987 | 5.65 million current LCU | +59.4% |
| 1988 | 10.47 million current LCU | +85.5% |
| 1989 | 16.16 million current LCU | +54.3% |
| 1990 | 20.23 million current LCU | +25.2% |
| 1991 | 28.80 million current LCU | +42.3% |
| 1992 | 19.43 million current LCU | -32.5% |
| 1993 | 49.70 million current LCU | +155.8% |
| 1994 | 99.30 million current LCU | +99.8% |
| 1995 | 136.63 million current LCU | +37.6% |
| 1996 | 205.18 million current LCU | +50.2% |
| 1997 | 146.93 million current LCU | -28.4% |
| 1998 | 311.88 million current LCU | +112.3% |
| 1999 | 192.69 million current LCU | -38.2% |
| 2000 | 414.51 million current LCU | +115.1% |
| 2001 | 803.01 million current LCU | +93.7% |
| 2002 | 916.37 million current LCU | +14.1% |
| 2003 | 1.40 billion current LCU | +52.7% |
| 2004 | 1.83 billion current LCU | +30.5% |
| 2005 | 1.87 billion current LCU | +2.2% |
| 2006 | 3.33 billion current LCU | +78.1% |
| 2007 | 1.56 billion current LCU | -53.1% |
| 2008 | 1.31 billion current LCU | -16.1% |
| 2009 | 4.04 billion current LCU | +208.3% |
| 2010 | 2.24 billion current LCU | -44.5% |
| 2011 | 2.32 billion current LCU | +3.5% |
| 2012 | 3.97 billion current LCU | +70.9% |
| 2013 | 18.91 billion current LCU | +376.7% |
| 2014 | 28.94 billion current LCU | +53.0% |
| 2015 | 38.72 billion current LCU | +33.8% |
| 2016 | 40.92 billion current LCU | +5.7% |
| 2017 | 41.68 billion current LCU | +1.9% |
| 2018 | 61.72 billion current LCU | +48.1% |
| 2019 | 62.71 billion current LCU | +1.6% |
| 2020 | 59.49 billion current LCU | -5.1% |
| 2021 | 60.70 billion current LCU | +2.0% |
| 2022 | 83.02 billion current LCU | +36.8% |
| 2023 | 81.90 billion current LCU | -1.3% |
| 2024 | 146.54 billion current LCU | +78.9% |
Ghana compared with similar countries
- Ghana's 146.54 billion current LCU is below the median for lower middle income countries, which is 205.45 billion current LCU, 71% of the median. (45 countries reporting)
- Ghana's 146.54 billion current LCU is below the median for Sub-Saharan Africa, which is 841.37 billion current LCU, 17% of the median. (43 countries reporting)
Biggest year-on-year movements
Years where Gross savings 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 |
|---|---|---|---|
| 2013 | +376.7% | 3.97 billion current LCU | 18.91 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 121,632 current LCU | 57,221 current LCU | 232,983 current LCU | 5 |
| 1980s | 4.24 million current LCU | 270,998 current LCU | 16.16 million current LCU | 10 |
| 1990s | 121.08 million current LCU | 19.43 million current LCU | 311.88 million current LCU | 10 |
| 2000s | 1.75 billion current LCU | 414.51 million current LCU | 4.04 billion current LCU | 10 |
| 2010s | 30.22 billion current LCU | 2.24 billion current LCU | 62.71 billion current LCU | 10 |
| 2020s | 86.33 billion current LCU | 59.49 billion current LCU | 146.54 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)
- 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 savings in Ghana?
- Gross savings in Ghana was 146.54 billion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Ghana?
- The highest recorded value was 146.54 billion current LCU in 2024.
- What is the lowest gross savings recorded in Ghana?
- The lowest recorded value was 57,221 current LCU in 1976.
- How does Ghana rank for gross savings?
- Ghana ranks 99th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Ghana?
- Over the last ten years it is up 406.3%. 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 savings (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
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.