Total reserves in months of imports in Ghana
Ghana: Total reserves in months of imports was 1.45 ratio in 2023. ▲ Rising
Total reserves in months of imports in Ghana, 2000–2023
Source: International Monetary Fund – processed by Our World in Data. Measured in ratio.
Analysis
In 2023, total reserves in months of imports in Ghana stood at 1.45 ratio.
Compared with earlier readings it is down 26.4% on the previous year and down 47.8% over ten years.
Over the whole period, total reserves in months of imports in Ghana peaked at 4.25 ratio in 2010 and was at its lowest, 1.07 ratio, in 2000.
That places Ghana 145th out of 172 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Total reserves in months of imports in Ghana, year by year
| Year | ratio | Change |
|---|---|---|
| 2000 | 1.07 ratio | — |
| 2001 | 1.22 ratio | +14.0% |
| 2002 | 2.17 ratio | +77.9% |
| 2003 | 4.05 ratio | +86.6% |
| 2004 | 3.74 ratio | -7.7% |
| 2005 | 3.32 ratio | -11.2% |
| 2006 | 3.21 ratio | -3.3% |
| 2007 | 2.53 ratio | -21.2% |
| 2008 | 1.9 ratio | -24.9% |
| 2009 | 3.78 ratio | +98.9% |
| 2010 | 4.25 ratio | +12.4% |
| 2011 | 3.41 ratio | -19.8% |
| 2012 | 2.9 ratio | -15.0% |
| 2013 | 2.78 ratio | -4.1% |
| 2014 | 3.17 ratio | +14.0% |
| 2015 | 3.09 ratio | -2.5% |
| 2016 | 3.2 ratio | +3.6% |
| 2017 | 3.34 ratio | +4.4% |
| 2018 | 2.72 ratio | -18.6% |
| 2019 | 2.9 ratio | +6.6% |
| 2020 | 3.3 ratio | +13.8% |
| 2021 | 3.92 ratio | +18.8% |
| 2022 | 1.97 ratio | -49.7% |
| 2023 | 1.45 ratio | -26.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.7 ratio | 1.07 ratio | 4.05 ratio | 10 |
| 2010s | 3.18 ratio | 2.72 ratio | 4.25 ratio | 10 |
| 2020s | 2.66 ratio | 1.45 ratio | 3.92 ratio | 4 |
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)
- Gross capital formation (constant 2015 US$), annual growth rate 13.04 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1667 constant 2015 US$ per US$ of GDP (2024)
- Gross capital formation (constant 2015 US$), per capita 403.33 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate 7.51 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.3391 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 820.4 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate 38.52 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 4.82 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is total reserves in months of imports in Ghana?
- Total reserves in months of imports in Ghana was 1.45 ratio in 2023, according to International Monetary Fund – processed by Our World in Data.
- What is the highest total reserves in months of imports recorded in Ghana?
- The highest recorded value was 4.25 ratio in 2010.
- What is the lowest total reserves in months of imports recorded in Ghana?
- The lowest recorded value was 1.07 ratio in 2000.
- How does Ghana rank for total reserves in months of imports?
- Ghana ranks 145th out of 172 countries with data for 2023.
- Is total reserves in months of imports rising or falling in Ghana?
- Over the last ten years it is down 47.8%. The long-run trend across the full record is rising.
- Where does this Ghana data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Total reserves in months of imports. Statizoid updates them automatically from the source API.
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About this data
Total reserves in months of imports (ratio).