Taxes less subsidies on products (constant LCU), annual growth rate in Ghana
Ghana: Taxes less subsidies on products (constant LCU), annual growth rate was 7.54 % change on previous year in 2025. ◆ Volatile
Taxes less subsidies on products (constant LCU), annual growth rate in Ghana, 2007–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Ghana recorded 7.54 % change on previous year for taxes less subsidies on products (constant lcu), annual growth rate in 2025.
The figure is down 3.5% on the previous year and up 189.2% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), annual growth rate in Ghana peaked at 14.05 % change on previous year in 2011 and was at its lowest, -4.03 % change on previous year, in 2020.
Ghana ranks 37th of 188 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (constant LCU), annual growth rate in Ghana, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2007 | 4.35 % change on previous year | — |
| 2008 | 9.15 % change on previous year | +110.5% |
| 2009 | 4.83 % change on previous year | -47.2% |
| 2010 | 7.91 % change on previous year | +64.0% |
| 2011 | 14.05 % change on previous year | +77.5% |
| 2012 | 9.29 % change on previous year | -33.8% |
| 2013 | -3.41 % change on previous year | -136.7% |
| 2014 | 3.51 % change on previous year | -203.2% |
| 2015 | 2.61 % change on previous year | -25.8% |
| 2016 | 4.77 % change on previous year | +83.1% |
| 2017 | 4.55 % change on previous year | -4.6% |
| 2018 | 7.53 % change on previous year | +65.3% |
| 2019 | 6.11 % change on previous year | -18.8% |
| 2020 | -4.03 % change on previous year | -165.9% |
| 2021 | -2.3 % change on previous year | -43.0% |
| 2022 | 4.37 % change on previous year | -290.1% |
| 2023 | 2.69 % change on previous year | -38.5% |
| 2024 | 7.81 % change on previous year | +190.9% |
| 2025 | 7.54 % change on previous year | -3.5% |
Ghana compared with similar countries
- Ghana's 7.54 % change on previous year is above the median for lower middle income countries, which is 4.35 % change on previous year, 1.7× the median. (46 countries reporting)
- Ghana's 7.54 % change on previous year is above the median for Sub-Saharan Africa, which is 4.62 % change on previous year, 1.6× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.11 % change on previous year | 4.35 % change on previous year | 9.15 % change on previous year | 3 |
| 2010s | 5.69 % change on previous year | -3.41 % change on previous year | 14.05 % change on previous year | 10 |
| 2020s | 2.68 % change on previous year | -4.03 % change on previous year | 7.81 % change on previous year | 6 |
Countries ranked near Ghana
- 34 Albania 8.15 % change on previous year compare
- 35 Haiti 7.83 % change on previous year compare
- 36 Guinea 7.58 % change on previous year compare
- 38 Guinea-Bissau 7.49 % change on previous year compare
- 39 Uzbekistan 7.38 % change on previous year compare
- 40 Georgia 6.96 % change on previous year 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)
- 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 taxes less subsidies on products (constant lcu), annual growth rate in Ghana?
- Taxes less subsidies on products (constant lcu), annual growth rate in Ghana was 7.54 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), annual growth rate recorded in Ghana?
- The highest recorded value was 14.05 % change on previous year in 2011.
- What is the lowest taxes less subsidies on products (constant lcu), annual growth rate recorded in Ghana?
- The lowest recorded value was -4.03 % change on previous year in 2020.
- How does Ghana rank for taxes less subsidies on products (constant lcu), annual growth rate?
- Ghana ranks 37th out of 188 countries with data for 2025.
- Is taxes less subsidies on products (constant lcu), annual growth rate rising or falling in Ghana?
- Over the last ten years it is up 189.2%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes less subsidies on products (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.