Terms of trade adjustment (constant LCU), annual growth rate in Ghana
Ghana: Terms of trade adjustment (constant LCU), annual growth rate was 196.51 % change on previous year in 2024. ◆ Volatile
Terms of trade adjustment (constant LCU), annual growth rate in Ghana, 2007–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Ghana recorded 196.51 % change on previous year for terms of trade adjustment (constant lcu), annual growth rate in 2024. That is the highest value across all 16 years on record.
Compared with earlier readings it is up 193.2% on the previous year and up 296.5% over ten years.
Over the whole period, terms of trade adjustment (constant lcu), annual growth rate in Ghana peaked at 196.51 % change on previous year in 2024 and was at its lowest, -210.87 % change on previous year, in 2023.
That places Ghana 9th out of 178 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Terms of trade adjustment (constant LCU), annual growth rate in Ghana, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2007 | 17.86 % change on previous year | — |
| 2008 | 38.14 % change on previous year | +113.6% |
| 2009 | -42.26 % change on previous year | -210.8% |
| 2011 | 100.01 % change on previous year | -336.6% |
| 2012 | 15.23 % change on previous year | -84.8% |
| 2013 | -100 % change on previous year | -756.7% |
| 2015 | -207.87 % change on previous year | +107.9% |
| 2016 | 19.18 % change on previous year | -109.2% |
| 2017 | -84.97 % change on previous year | -543.1% |
| 2018 | 13.54 % change on previous year | -115.9% |
| 2019 | -5.96 % change on previous year | -144.1% |
| 2020 | 5.45 % change on previous year | -191.4% |
| 2021 | 68.1 % change on previous year | +1149.1% |
| 2022 | 180.21 % change on previous year | +164.6% |
| 2023 | -210.87 % change on previous year | -217.0% |
| 2024 | 196.51 % change on previous year | -193.2% |
Ghana compared with similar countries
- Ghana's 196.51 % change on previous year is above the median for lower middle income countries, which is 9.41 % change on previous year, 20.9× the median. (45 countries reporting)
- Ghana's 196.51 % change on previous year is above the median for Sub-Saharan Africa, which is -1.6 % change on previous year. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.58 % change on previous year | -42.26 % change on previous year | 38.14 % change on previous year | 3 |
| 2010s | -31.36 % change on previous year | -207.87 % change on previous year | 100.01 % change on previous year | 8 |
| 2020s | 47.88 % change on previous year | -210.87 % change on previous year | 196.51 % change on previous year | 5 |
Countries ranked near Ghana
- 6 Bolivia 256.64 % change on previous year compare
- 7 Northern Mariana Islands 203.08 % change on previous year compare
- 8 Paraguay 197.37 % change on previous year compare
- 10 Laos 189.46 % change on previous year compare
- 11 Latvia 173.07 % change on previous year compare
- 12 Niger 164.42 % 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 terms of trade adjustment (constant lcu), annual growth rate in Ghana?
- Terms of trade adjustment (constant lcu), annual growth rate in Ghana was 196.51 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest terms of trade adjustment (constant lcu), annual growth rate recorded in Ghana?
- The highest recorded value was 196.51 % change on previous year in 2024.
- What is the lowest terms of trade adjustment (constant lcu), annual growth rate recorded in Ghana?
- The lowest recorded value was -210.87 % change on previous year in 2023.
- How does Ghana rank for terms of trade adjustment (constant lcu), annual growth rate?
- Ghana ranks 9th out of 178 countries with data for 2024.
- Is terms of trade adjustment (constant lcu), annual growth rate rising or falling in Ghana?
- Over the last ten years it is up 296.5%. 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 Terms of trade adjustment (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
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CSV · JSON — 16 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 Terms of trade adjustment (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Terms of trade adjustment 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 Terms of trade adjustment (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.