Taxes less subsidies on products (current US$), annual growth rate in Ghana
Ghana: Taxes less subsidies on products (current US$), annual growth rate was 37.53 % change on previous year in 2025. ◆ Volatile
Latest (2025)
37.53 % change on previous year
Change on year
up 649.1%
World rank
9th
of 197 countries
All-time high
341.19 % change on previous year
in 1989
All-time low
-90.87 % change on previous year
in 1986
Years of data
62
1961–2025
Taxes less subsidies on products (current US$), annual growth rate in Ghana, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Ghana recorded 37.53 % change on previous year for taxes less subsidies on products (current us$), annual growth rate in 2025.
The figure is up 649.1% on the previous year and up 324.0% over ten years.
Over the whole period, taxes less subsidies on products (current us$), annual growth rate in Ghana peaked at 341.19 % change on previous year in 1989 and was at its lowest, -90.87 % change on previous year, in 1986.
That places Ghana 9th out of 197 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$), annual growth rate in Ghana, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 18.82 % change on previous year | — |
| 1962 | 0.9903 % change on previous year | -94.7% |
| 1963 | 15.69 % change on previous year | +1484.0% |
| 1964 | 6.78 % change on previous year | -56.8% |
| 1965 | 49.21 % change on previous year | +625.8% |
| 1966 | -21.81 % change on previous year | -144.3% |
| 1967 | -9.17 % change on previous year | -58.0% |
| 1968 | 1.71 % change on previous year | -118.6% |
| 1969 | 24.74 % change on previous year | +1350.2% |
| 1970 | 27.69 % change on previous year | +11.9% |
| 1971 | -3.95 % change on previous year | -114.3% |
| 1972 | -21.87 % change on previous year | +453.9% |
| 1973 | 6.14 % change on previous year | -128.1% |
| 1974 | 7.58 % change on previous year | +23.4% |
| 1975 | 10.84 % change on previous year | +43.0% |
| 1976 | -1.05 % change on previous year | -109.7% |
| 1977 | -13.01 % change on previous year | +1139.2% |
| 1978 | -1.51 % change on previous year | -88.4% |
| 1979 | -11.02 % change on previous year | +630.8% |
| 1980 | -27.18 % change on previous year | +146.6% |
| 1981 | 5.44 % change on previous year | -120.0% |
| 1982 | -17.74 % change on previous year | -426.3% |
| 1985 | 45.52 % change on previous year | -356.6% |
| 1986 | -90.87 % change on previous year | -299.6% |
| 1987 | -65.61 % change on previous year | -27.8% |
| 1988 | 5.27 % change on previous year | -108.0% |
| 1989 | 341.19 % change on previous year | +6370.2% |
| 1990 | -40.12 % change on previous year | -111.8% |
| 1991 | -75.24 % change on previous year | +87.5% |
| 1992 | 270.4 % change on previous year | -459.4% |
| 1994 | -15.12 % change on previous year | -105.6% |
| 1995 | 9.35 % change on previous year | -161.9% |
| 1996 | 30.94 % change on previous year | +230.8% |
| 1997 | -5.53 % change on previous year | -117.9% |
| 1998 | 6.77 % change on previous year | -222.4% |
| 1999 | 2.28 % change on previous year | -66.3% |
| 2000 | -34.74 % change on previous year | -1623.4% |
| 2001 | 5.38 % change on previous year | -115.5% |
| 2002 | 15.78 % change on previous year | +193.1% |
| 2003 | 9.64 % change on previous year | -38.9% |
| 2004 | 9.7 % change on previous year | +0.6% |
| 2005 | 18.94 % change on previous year | +95.3% |
| 2006 | 55.7 % change on previous year | +194.0% |
| 2007 | 43.32 % change on previous year | -22.2% |
| 2008 | 2.69 % change on previous year | -93.8% |
| 2009 | -27.7 % change on previous year | -1130.0% |
| 2010 | 92.39 % change on previous year | -433.5% |
| 2011 | 22.39 % change on previous year | -75.8% |
| 2012 | -27.94 % change on previous year | -224.8% |
| 2013 | 21.12 % change on previous year | -175.6% |
| 2014 | 59.97 % change on previous year | +183.9% |
| 2015 | -16.75 % change on previous year | -127.9% |
| 2016 | 2.24 % change on previous year | -113.4% |
| 2017 | -0.1891 % change on previous year | -108.4% |
| 2018 | 11.45 % change on previous year | -6154.6% |
| 2019 | -6.78 % change on previous year | -159.2% |
| 2020 | -3.1 % change on previous year | -54.2% |
| 2021 | 23.56 % change on previous year | -859.7% |
| 2022 | -12.31 % change on previous year | -152.3% |
| 2023 | 13.11 % change on previous year | -206.5% |
| 2024 | 5.01 % change on previous year | -61.8% |
| 2025 | 37.53 % change on previous year | +649.1% |
Ghana compared with similar countries
- Ghana's 37.53 % change on previous year is above the median for lower middle income countries, which is 10.33 % change on previous year, 3.6× the median. (46 countries reporting)
- Ghana's 37.53 % change on previous year is above the median for Sub-Saharan Africa, which is 11.43 % change on previous year, 3.3× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current US$), annual growth rate 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 |
|---|---|---|---|
| 1989 | +6370.2% | 5.27 % change on previous year | 341.19 % change on previous year |
| 2018 | +6154.6% | -0.1891 % change on previous year | 11.45 % change on previous year |
| 2000 | -1623.4% | 2.28 % change on previous year | -34.74 % change on previous year |
| 1963 | +1484.0% | 0.9903 % change on previous year | 15.69 % change on previous year |
| 1969 | +1350.2% | 1.71 % change on previous year | 24.74 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.66 % change on previous year | -21.81 % change on previous year | 49.21 % change on previous year | 9 |
| 1970s | -0.0156 % change on previous year | -21.87 % change on previous year | 27.69 % change on previous year | 10 |
| 1980s | 24.5 % change on previous year | -90.87 % change on previous year | 341.19 % change on previous year | 8 |
| 1990s | 20.41 % change on previous year | -75.24 % change on previous year | 270.4 % change on previous year | 9 |
| 2000s | 9.87 % change on previous year | -34.74 % change on previous year | 55.7 % change on previous year | 10 |
| 2010s | 15.79 % change on previous year | -27.94 % change on previous year | 92.39 % change on previous year | 10 |
| 2020s | 10.63 % change on previous year | -12.31 % change on previous year | 37.53 % change on previous year | 6 |
Countries ranked near Ghana
- 6 Micronesia (country) 54.59 % change on previous year compare
- 7 Sri Lanka 46.16 % change on previous year compare
- 8 Lebanon 43.63 % change on previous year compare
- 10 Uzbekistan 35.69 % change on previous year compare
- 11 Malawi 32.78 % change on previous year compare
- 12 Guyana 31.41 % 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)
- 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 taxes less subsidies on products (current us$), annual growth rate in Ghana?
- Taxes less subsidies on products (current us$), annual growth rate in Ghana was 37.53 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), annual growth rate recorded in Ghana?
- The highest recorded value was 341.19 % change on previous year in 1989.
- What is the lowest taxes less subsidies on products (current us$), annual growth rate recorded in Ghana?
- The lowest recorded value was -90.87 % change on previous year in 1986.
- How does Ghana rank for taxes less subsidies on products (current us$), annual growth rate?
- Ghana ranks 9th out of 197 countries with data for 2025.
- Is taxes less subsidies on products (current us$), annual growth rate rising or falling in Ghana?
- Over the last ten years it is up 324.0%. 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 (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 62 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (current US$). 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 (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.