Ghana GOI: Economic Fundamentals

2016 - 2023 | Yearly | NA | Milken Institute

Ghana GOI: Economic Fundamentals data was reported at 79.000 NA in 2023. This records a decrease from the previous number of 85.000 NA for 2022. Ghana GOI: Economic Fundamentals data is updated yearly, averaging 78.000 NA from Dec 2016 (Median) to 2023, with 8 observations. The data reached an all-time high of 98.000 NA in 2017 and a record low of 61.000 NA in 2016. Ghana GOI: Economic Fundamentals data remains active status in CEIC and is reported by Milken Institute. The data is categorized under Global Database’s Ghana – Table GH.Milken: Global Opportunity Index.

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What was Ghana's Ghana GOI: Economic Fundamentals in 2023?

Last	Previous	Min	Max	Unit	Frequency	Range
79.000 2023	85.000 2022	61.000 2016	98.000 2017	NA	yearly	2016 - 2023

Related Indicators for Ghana GOI: Economic Fundamentals

Related indicators	Last	Frequency	Range
Ghana GOI: Economic Fundamentals (NA)	79.000 2023	yearly	2016 - 2023
Ghana GOI: International Standard and Policy (NA)	118.000 2023	yearly	2016 - 2023
Ghana GOI: Institutional Framework (NA)	72.000 2023	yearly	2016 - 2023
Ghana GOI: Financial Services (NA)	119.000 2023	yearly	2016 - 2023
Ghana GOI: Business Perception (NA)	90.000 2023	yearly	2016 - 2023
Ghana GOI: Weighted Rank (NA)	96.000 2023	yearly	2016 - 2023
Ghana GOI: Total Rank (NA)	100.000 2023	yearly	2016 - 2023

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Ghana Key Series

National Accounts	Last	Frequency	Range
Forecast: GDP PPP Per Capita (PPP Intl $)	8,459.410 2027	yearly	1980 - 2027
Forecast: Nominal GDP Per Capita (USD)	2,405.940 2027	yearly	1980 - 2027
Forecast: Real GDP Growth (%)	6.774 2027	yearly	1980 - 2027
Nominal GDP (USD mn)	17,859.8 Jun 2024	quarterly	Mar 2006 - Jun 2024
Real GDP Growth (%)	1.6 Jun 2024	quarterly	Jun 2006 - Jun 2024
GDP Deflator Growth (%)	20.7 Jun 2024	quarterly	Mar 2007 - Jun 2024
Private Consumption: % of GDP (%)	84.2 2023	yearly	2006 - 2023
Investment: % of GDP (%)	10.8 2023	yearly	2006 - 2023
Public Consumption: % of GDP (%)	5.9 2023	yearly	2006 - 2023
GDP per Capita (USD)	2,353.040 2022	yearly	1960 - 2022
Gross Savings Rate (%)	9.9 2023	yearly	2006 - 2023
Total Trade of Goods & Services: % of Nominal GDP (%)	69.037 2023	yearly	1983 - 2023
Gross Fixed Capital Formation (USD mn)	8,165.186 2023	yearly	2006 - 2023
Nominal GDP Growth (%)	29.025 Jun 2024	quarterly	Mar 2007 - Jun 2024
Private Consumption Expenditure (USD mn)	64,338.281 2023	yearly	2006 - 2023
Public Consumption Expenditure (USD mn)	4,480.439 2023	yearly	2006 - 2023
Gross National Product (GNP) (USD mn)	75,420.370 2023	yearly	1960 - 2023

Government and Public Finance	Last	Frequency	Range
Forecast: Government Expenditure (GHS bn)	408.854 2029	yearly	1980 - 2029
Forecast: Government Net Debt (GHS bn)	1,296.452 2029	yearly	1990 - 2029
Forecast: Government Revenue (GHS bn)	349.498 2029	yearly	1982 - 2029
Consolidated Fiscal Balance (USD mn)	-305.529 Jun 2024	monthly	Jan 2008 - Jun 2024
Tax Revenue: % of GDP (%)	13.9 Jun 2022	quarterly	Mar 2008 - Jun 2022
Consolidated Fiscal Balance: % of GDP (%)	-3.5 Jun 2024	quarterly	Dec 2008 - Jun 2024
Government Debt: % of GDP (%)	72.3 2023	yearly	2006 - 2023
Tax Revenue (USD mn)	776.284 Jun 2024	monthly	Jan 2008 - Jun 2024

Demographic and Labour Market	Last	Frequency	Range
Forecast: Population (Person mn)	37.328 2028	yearly	1980 - 2028
Forecast: Unemployment Rate (%)	0.000	yearly	-
Employed Persons (Person)	9,270,939.000 2015	yearly	2013 - 2015
Labour Productivity Growth (%)	0.65 2023	yearly	1992 - 2023
Monthly Earnings (USD)	242 2015	yearly	2013 - 2015
Labour Force Participation Rate (%)	68.8 2023	yearly	1990 - 2023
Population (Person mn)	31.1 2020	yearly	1950 - 2020
Unemployment Rate (%)	3.56 2023	yearly	1991 - 2023

Domestic Trade and Household Survey	Last	Frequency	Range
Motor Vehicle Sales: Commercial Cars (Unit)	2,306.000 2019	yearly	2005 - 2019
Motor Vehicle Sales: Passenger Cars (Unit)	3,394.000 2019	yearly	2005 - 2019
Consumer Confidence Growth (%)	1.6 Aug 2024	monthly	Oct 2013 - Aug 2024
Household Expenditure per Capita (USD)	1,161.488 2018	yearly	2006 - 2018
Motor Vehicles Sales (Unit)	5,700 2019	yearly	2005 - 2019
Motor Vehicles Sales Growth (%)	-19.4 2019	yearly	2006 - 2019

Inflation	Last	Frequency	Range
Forecast: Consumer Price Index Growth (%)	8.000 2028	yearly	1980 - 2028
CPI: Food and Non Alcoholic Beverage Change (%)	22.104 Sep 2024	monthly	Sep 1998 - Sep 2024
Consumer Price Index CPI Growth (%)	21.5 Sep 2024	monthly	Mar 1964 - Sep 2024
Producer Price Index Growth (%)	46.0 Aug 2022	monthly	Oct 2007 - Aug 2022
Core CPI Change (%)	47.200 Dec 2022	monthly	Aug 2019 - Dec 2022

More Indicators for Ghana

Indicators	Last	Frequency	Range
Ghana GH: BOP: Current Account: Imports: Service: Travel: % of Service Imports (%)	10.38 2016	yearly	1975 - 2016
Ghana GH: BOP: Current Account: Personal Remittances: Paid (USD mn)	1,548.91 2016	yearly	1979 - 2016
Ghana GH: BOP: Current Account: Balance (USD mn)	-2,832.05 2016	yearly	1975 - 2016
Ghana GH: BOP: Current Account: Balance: % of GDP (%)	-6.63 2016	yearly	1975 - 2016
Ghana GH: BOP: Current Account: Primary Income: Net (USD mn)	-1,222.07 2016	yearly	1975 - 2016
Ghana GH: BOP: Current Account: Net Trade: Goods and Services (USD mn)	-3,066.61 2016	yearly	1975 - 2016
Ghana GH: BOP: Current Account: Net Trade: Goods (USD mn)	-1,773.33 2016	yearly	1975 - 2016
Ghana GH: BOP: Net Errors and Omissions (USD mn)	521.61 2016	yearly	1975 - 2016
Ghana GH: BOP: Financial Account: Foreign Direct Investment: Net (USD mn)	-3,470.67 2016	yearly	1975 - 2016
Ghana GH: BOP: Financial Account: Portfolio Investment: Net (USD mn)	-553.70 2016	yearly	1975 - 2016
Ghana GH: BOP: Reserves and Related Items (USD mn)	261.11 2016	yearly	1975 - 2016
Ghana GH: BOP: Current Account: Secondary Income: Net (USD mn)	1,456.62 2016	yearly	1975 - 2016
Ghana GH: BOP: Capital Account: Net (USD mn)	274.31 2016	yearly	1975 - 2016
Ghana GH: ICT: Service Exports: BOP (USD mn)	463.15 2011	yearly	1975 - 2011
Ghana GH: ICT: Service Exports: % of Service Exports: BOP (%)	25.59 2011	yearly	1975 - 2011
Ghana GH: BOP: Current Account: Exports: Service: Communications, Computer, etc:... (%)	72.82 2016	yearly	1975 - 2016
Ghana GH: BOP: Current Account: Primary Income: Receipts (USD mn)	237.96 2016	yearly	1975 - 2016
Ghana GH: BOP: Current Account: Exports: Goods and Services (USD mn)	17,469.86 2016	yearly	1975 - 2016
Ghana GH: BOP: Current Account: Exports: Service: Insurance and Financial Servic... (%)	1.05 2016	yearly	1975 - 2016
Ghana GH: BOP: Current Account: Exports: Goods (USD mn)	11,136.88 2016	yearly	1975 - 2016
Ghana GH: BOP: Current Account: Exports: Service (USD mn)	6,332.98 2016	yearly	1975 - 2016
Ghana GH: BOP: Current Account: Charges for the Use of Intellectual Property: Re... (USD mn)	0.00 2011	yearly	1975 - 2011
Ghana GH: BOP: Current Account: Exports: Goods, Services and Primary Income (USD mn)	17,707.82 2016	yearly	1975 - 2016
Ghana GH: BOP: Current Account: Exports: Service: Transport: % of Service Export... (%)	12.78 2016	yearly	1975 - 2016
Ghana GH: BOP: Current Account: Exports: Service: Travel: % of Service Exports (%)	13.36 2016	yearly	1975 - 2016
Ghana GH: BOP: Financial Account: Foreign Direct Investment: Net Inflows (USD mn)	3,485.33 2016	yearly	1975 - 2016
Ghana GH: BOP: Financial Account: Foreign Direct Investment: Net Inflows: % of G... (%)	8.16 2016	yearly	1975 - 2016
Ghana GH: BOP: Financial Account: Foreign Direct Investment: Primary Income (USD mn)	0.00 2016	yearly	1970 - 2016
Ghana GH: BOP: Financial Account: Portfolio Equity: Net Inflows (USD mn)	18.14 2010	yearly	1975 - 2010
Ghana GH: BOP: Current Account: Secondary Income: Receipts (USD mn)	3,005.53 2016	yearly	1975 - 2016
Ghana GH: BOP: Current Account: Personal Transfers: Receipts (USD mn)	2,979.93 2016	yearly	1975 - 2016
Ghana GH: BOP: Current Account: Personal Remittances: Received (USD mn)	2,979.93 2016	yearly	1979 - 2016
Ghana GH: BOP: Current Account: Personal Remittances: Received: % of GDP (%)	6.98 2016	yearly	1979 - 2016
Ghana GH: S&P Global Equity Indices: Annual % Change (%)	49.13 2017	yearly	1997 - 2017
Ghana GH: Market Capitalization: Listed Domestic Companies (USD mn)	3,098.51 2011	yearly	1993 - 2011
Ghana GH: Market Capitalization: Listed Domestic Companies: % of GDP (%)	7.83 2011	yearly	1993 - 2011
Ghana GH: Number of Listed Domestic Companies: Total (Unit)	29.00 2013	yearly	1993 - 2013
Ghana GH: Stocks Traded: Total Value (USD mn)	192.90 2013	yearly	1993 - 2013
Ghana GH: Stocks Traded: Total Value: % of GDP (%)	0.40 2013	yearly	1993 - 2013
Ghana GH: Stocks Traded: Turnover Ratio of Domestic Shares (%)	8.20 2011	yearly	1993 - 2011
Ghana GH: Net Bilateral Aid Flows from Development Assistance Committee Donors: ... (USD mn)	1.17 2016	yearly	1965 - 2016
Ghana GH: Net Bilateral Aid Flows from Development Assistance Committee Donors: ... (USD mn)	2.75 2016	yearly	1963 - 2016
Ghana GH: Net Bilateral Aid Flows from Development Assistance Committee Donors: ... (USD mn)	8.57 2016	yearly	1970 - 2016
Ghana GH: Net Bilateral Aid Flows from Development Assistance Committee Donors: ... (USD mn)	46.22 2016	yearly	1960 - 2016
Ghana GH: Net Bilateral Aid Flows from Development Assistance Committee Donors: ... (USD mn)	60.40 2016	yearly	1970 - 2016
Ghana GH: Net Bilateral Aid Flows from Development Assistance Committee Donors: ... (USD mn)	12.64 2016	yearly	1963 - 2016
Ghana GH: Net Bilateral Aid Flows from Development Assistance Committee Donors: ... (USD mn)	26.73 2016	yearly	1960 - 2016
Ghana GH: International Liquidity: MFSM 2000: Central Bank: Other Assets (USD mn)	16.14 2017	yearly	2001 - 2017
Ghana GH: International Liquidity: MFSM 2000: Central Bank: Other Liabilities (USD mn)	1,365.63 2017	yearly	2001 - 2017
Ghana GH: International Liquidity: MFSM 2000: Other Depository Corporations: Ass... (USD mn)	1,779.63 2017	yearly	2001 - 2017
Ghana GH: International Liquidity: MFSM 2000: Other Depository Corporations: Lia... (USD mn)	1,039.58 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Claims on Nonresidents (GHS mn)	30,091.64 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Foreign Assets: Net (GHS mn)	17,592.50 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Claims on Central Government (GHS mn)	13,384.47 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Claims on Central Government: Net (GHS mn)	5,263.28 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Claims on State and Local Government (GHS mn)	0.00 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Claims on Nonfinancial Public Corporations (GHS mn)	1,999.40 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Claims on Private Sector (GHS mn)	2,535.55 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Claims on Other Depository Corporations (GHS mn)	6,125.92 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Claims on Other Financial Corporations (GHS mn)	192.96 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Claims on Other Sectors (GHS mn)	4,727.91 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Monetary Base (GHS mn)	23,082.74 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Currency in Circulation (GHS mn)	12,155.74 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Liabilities to Other Depository Corporations (GHS mn)	8,257.68 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Liabilities to Other Sectors (GHS mn)	2,669.31 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Other Liabilities to Other Depository Corpora... (GHS mn)	7,902.88 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Deposits and Securities Other Than Shares exc... (GHS mn)	6,192.20 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Deposits included in Broad Money (GHS mn)	32.17 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Securities Other Than Shares included in Broa... (GHS mn)	0.00 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Deposits excluded from Broad Money (GHS mn)	6,160.02 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Liabilities to Nonresidents (GHS mn)	12,499.15 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Liabilities to Central Government (GHS mn)	8,121.18 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Loans (GHS mn)	0.00 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Financial Derivatives (GHS mn)	0.00 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Securities Other Than Shares excluded from Br... (GHS mn)	0.00 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Shares and Other Equity (GHS mn)	2,446.67 2017	yearly	2001 - 2017
Ghana GH: Central Bank: MFSM 2000: Other Items: Net (GHS mn)	-5,914.87 2017	yearly	2001 - 2017
Ghana GH: Money Supply: Reserve Money (GHS mn)	18,967.25 2016	yearly	2001 - 2016
Ghana GH: Other Depository Corporations: MFSM 2000: Claims on Central Bank (GHS mn)	16,769.19 2017	yearly	2001 - 2017
Ghana GH: Other Depository Corporations: MFSM 2000: Currency (GHS mn)	1,447.85 2017	yearly	2001 - 2017
Ghana GH: Other Depository Corporations: MFSM 2000: Reserve Deposits and Securit... (GHS mn)	8,522.12 2017	yearly	2001 - 2017
Ghana GH: Other Depository Corporations: MFSM 2000: Other Claims on Central Bank (GHS mn)	6,799.22 2017	yearly	2001 - 2017
Ghana GH: Other Depository Corporations: MFSM 2000: Claims on Nonresidents (GHS mn)	7,858.20 2017	yearly	2001 - 2017
Ghana GH: Other Depository Corporations: MFSM 2000: Foreign Assets: Net (GHS mn)	3,267.78 2017	yearly	2001 - 2017
Ghana GH: Net Bilateral Aid Flows from Development Assistance Committee Donors: ... (USD mn)	50.45 2016	yearly	1961 - 2016
Ghana GH: Other Depository Corporations: MFSM 2000: Claims on Central Government (GHS mn)	17,996.26 2017	yearly	2001 - 2017
Ghana GH: Other Depository Corporations: MFSM 2000: Claims on Central Government... (GHS mn)	13,680.50 2017	yearly	2001 - 2017
Ghana GH: Other Depository Corporations: MFSM 2000: Claims on State and Local Go... (GHS mn)	0.00 2017	yearly	2001 - 2017
Ghana GH: Other Depository Corporations: MFSM 2000: Claims on Nonfinancial Publi... (GHS mn)	3,440.25 2017	yearly	2001 - 2017
Ghana GH: Other Depository Corporations: MFSM 2000: Claims on Private Sector (GHS mn)	33,035.62 2017	yearly	2001 - 2017
Ghana GH: Other Depository Corporations: MFSM 2000: Claims on Other Financial Co... (GHS mn)	2,762.23 2017	yearly	2001 - 2017
Ghana GH: Other Depository Corporations: MFSM 2000: Claims on Other Sectors (GHS mn)	39,238.10 2017	yearly	2001 - 2017
Ghana GH: Other Depository Corporations: MFSM 2000: Transferable Deposits includ... (GHS mn)	28,829.18 2017	yearly	2001 - 2017
Ghana GH: Other Depository Corporations: MFSM 2000: Other Deposits included in B... (GHS mn)	24,746.09 2017	yearly	2001 - 2017
Ghana GH: Other Depository Corporations: MFSM 2000: Securities Other Than Shares... (GHS mn)	0.00 2017	yearly	2001 - 2017
Ghana GH: Other Depository Corporations: MFSM 2000: Deposits excluded from Broad... (GHS mn)	917.03 2017	yearly	2001 - 2017
Ghana GH: Other Depository Corporations: MFSM 2000: Liabilities to Nonresidents (GHS mn)	4,590.42 2017	yearly	2001 - 2017
Ghana GH: Other Depository Corporations: MFSM 2000: Liabilities to Central Gover... (GHS mn)	4,315.75 2017	yearly	2001 - 2017
Ghana GH: Other Depository Corporations: MFSM 2000: Liabilities to Central Bank (GHS mn)	4,417.63 2017	yearly	2001 - 2017
Ghana GH: Other Depository Corporations: MFSM 2000: Loans (GHS mn)	5,101.75 2017	yearly	2001 - 2017

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