Inflation, GDP deflator in Ghana
Ghana: Inflation, GDP deflator was 14.4% in 2025. ◆ Volatile
Inflation, GDP deflator in Ghana, 1961–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
Ghana recorded 14.4% for inflation, gdp deflator in 2025.
That represents a change of down 44.2% on the previous year and up 8.9% over ten years.
Over the whole period, inflation, gdp deflator in Ghana peaked at 123.1% in 1983 and was at its lowest, -3.9%, in 1967.
That places Ghana 21st out of 212 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator in Ghana, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 3.5% | — |
| 1962 | 1.9% | -44.1% |
| 1963 | 6.7% | +247.7% |
| 1964 | 9.9% | +47.3% |
| 1965 | 17.0% | +71.2% |
| 1966 | 8.2% | -52.1% |
| 1967 | -3.9% | -147.6% |
| 1968 | 12.6% | -425.3% |
| 1969 | 11.0% | -12.5% |
| 1970 | 2.9% | -73.8% |
| 1971 | 5.2% | +79.4% |
| 1972 | 15.5% | +198.6% |
| 1973 | 20.9% | +35.0% |
| 1974 | 24.6% | +17.7% |
| 1975 | 29.5% | +19.9% |
| 1976 | 28.0% | -4.8% |
| 1977 | 67.3% | +139.8% |
| 1978 | 73.3% | +9.0% |
| 1979 | 37.9% | -48.2% |
| 1980 | 51.1% | +34.7% |
| 1981 | 75.6% | +47.9% |
| 1982 | 27.9% | -63.1% |
| 1983 | 123.1% | +341.2% |
| 1984 | 35.3% | -71.3% |
| 1985 | 20.6% | -41.5% |
| 1986 | 41.7% | +102.0% |
| 1987 | 39.2% | -6.0% |
| 1988 | 33.4% | -14.8% |
| 1989 | 28.3% | -15.3% |
| 1990 | 31.2% | +10.2% |
| 1991 | 20.0% | -35.7% |
| 1992 | 11.2% | -44.4% |
| 1993 | 31.8% | +184.8% |
| 1994 | 30.1% | -5.1% |
| 1995 | 43.0% | +42.9% |
| 1996 | 39.8% | -7.5% |
| 1997 | 19.5% | -51.2% |
| 1998 | 17.0% | -12.4% |
| 1999 | 14.0% | -18.1% |
| 2000 | 27.2% | +94.9% |
| 2001 | 34.8% | +27.9% |
| 2002 | 22.8% | -34.5% |
| 2003 | 28.7% | +25.8% |
| 2004 | 14.4% | -50.0% |
| 2005 | 15.0% | +4.3% |
| 2006 | 84.7% | +465.9% |
| 2007 | 16.1% | -81.0% |
| 2008 | 19.4% | +20.5% |
| 2009 | 15.7% | -19.3% |
| 2010 | 16.6% | +5.9% |
| 2011 | 13.9% | -16.2% |
| 2012 | 15.2% | +9.3% |
| 2013 | 54.0% | +255.2% |
| 2014 | 23.9% | -55.7% |
| 2015 | 13.3% | -44.6% |
| 2016 | 15.7% | +18.8% |
| 2017 | 10.7% | -32.2% |
| 2018 | 10.6% | -1.0% |
| 2019 | 8.5% | -19.8% |
| 2020 | 9.4% | +10.4% |
| 2021 | 12.1% | +29.3% |
| 2022 | 28.2% | +132.8% |
| 2023 | 40.1% | +42.3% |
| 2024 | 25.9% | -35.5% |
| 2025 | 14.4% | -44.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.4% | -3.9% | 17.0% | 9 |
| 1970s | 30.5% | 2.9% | 73.3% | 10 |
| 1980s | 47.6% | 20.6% | 123.1% | 10 |
| 1990s | 25.8% | 11.2% | 43.0% | 10 |
| 2000s | 27.9% | 14.4% | 84.7% | 10 |
| 2010s | 18.2% | 8.5% | 54.0% | 10 |
| 2020s | 21.7% | 9.4% | 40.1% | 6 |
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)
- GDP (current US$), annual growth rate 37.13 % change on previous year (2025)
- GDP (current US$), per capita 3,257 current US$ per person (2025)
- GDP (current LCU), annual growth rate 21.25 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 12.56 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 40,899 current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 5.95 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.694 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 2,261 constant 2015 US$ per person (2025)
Frequently asked questions
- What is inflation, gdp deflator in Ghana?
- Inflation, gdp deflator in Ghana was 14.4% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in Ghana?
- The highest recorded value was 123.1% in 1983.
- What is the lowest inflation, gdp deflator recorded in Ghana?
- The lowest recorded value was -3.9% in 1967.
- How does Ghana rank for inflation, gdp deflator?
- Ghana ranks 21st out of 212 countries with data for 2025.
- Is inflation, gdp deflator rising or falling in Ghana?
- Over the last ten years it is up 8.9%. 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 Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.