Ghana External Debt: % of GDP
Key information about Ghana External Debt: % of GDP
- Ghana External Debt accounted for 39.5 % of the country's Nominal GDP in 2023, compared with the ratio of 39.1 % in the previous year.
- Ghana External Debt: % of Nominal GDP data is updated yearly, available from Dec 1999 to Dec 2023.
- The data reached an all-time high of 121.7 % in Dec 2000 and a record low of 7.0 % in Dec 2006.
CEIC calculates External Debt as % of Nominal GDP from annual External Debt and quarterly Nominal GDP. The Bank of Ghana provides External Debt in USD based on BPM5. Ghana Statistical Service provides Nominal GDP in local currency based on SNA 2008. The Bank of Ghana average market exchange rate is used for currency conversions. External Debt figures only include Public debt. External Debt as % of Nominal GDP prior to 2006 is calculated from Nominal GDP sourced from the World Bank.
Related information about Ghana External Debt: % of GDP
- In the latest reports of Ghana, Current Account recorded a surplus of 998.5 USD mn in Jun 2024.
- Foreign Direct Investment (FDI) increased by 380.3 USD mn in Mar 2024.
- Ghana Direct Investment Abroad fell by 4.7 USD mn in Mar 2024.
- Its Foreign Portfolio Investment fell by 308.1 USD mn in Dec 2021.
- The country's External Debt reached 31,566.3 in Jul 2024.
- The country's Nominal GDP was reported at 17.8 USD bn in Sep 2024.
View Ghana's External Debt: % of GDP from 1999 to 2023 in the chart:
What was Ghana's External Debt: % of GDP in 2023?
Ghana External Debt accounted for 39.5 % of the country's Nominal GDP in 2023, compared with the ratio of 39.1 % in the previous year. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
39.5 2023 | 39.1 2022 | 7.0 2006 | 121.7 2000 | % | yearly | 1999 - 2023 |
External Debt: % of GDP by Country Comparison
country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 45.9 2023 | yearly | 1991 - 2023 |
Algeria (%) | 1.3 2023 | yearly | 1970 - 2023 |
Argentina (%) | 45.3 2023 | yearly | 1994 - 2023 |
Armenia (%) | 64.2 2023 | yearly | 2000 - 2023 |
Australia (%) | 109.2 2023 | yearly | 1988 - 2023 |
Austria (%) | 135.0 2023 | yearly | 1997 - 2023 |
Azerbaijan (%) | 14.9 Dec 2021 | quarterly | Dec 2001 - Dec 2021 |
Bangladesh (%) | 11.4 2017 | yearly | 1997 - 2017 |
Belarus (%) | 51.1 Mar 2024 | quarterly | Dec 2000 - Mar 2024 |
Belgium (%) | 231.5 2023 | yearly | 2007 - 2023 |
Bolivia (%) | 35.0 2023 | yearly | 2006 - 2023 |
Bosnia and Herzegovina (%) | 18.1 2023 | yearly | 1999 - 2023 |
Botswana (%) | 7.3 2023 | yearly | 1995 - 2023 |
Brazil (%) | 27.7 2023 | yearly | 1992 - 2023 |
Bulgaria (%) | 47.6 2023 | yearly | 1999 - 2023 |
Cambodia (%) | 56.7 2022 | yearly | 2010 - 2022 |
Canada (%) | 139.5 2023 | yearly | 1990 - 2023 |
Chile (%) | 71.7 2023 | yearly | 1971 - 2023 |
China (%) | 13.7 2023 | yearly | 1985 - 2023 |
Colombia (%) | 53.7 2023 | yearly | 1970 - 2023 |
Croatia (%) | 73.5 2022 | yearly | 1998 - 2022 |
Cyprus (%) | 828.3 2023 | yearly | 2004 - 2023 |
Czech Republic (%) | 61.7 2023 | yearly | 1995 - 2023 |
Denmark (%) | 132.3 2023 | yearly | 2005 - 2023 |
Ecuador (%) | 49.6 2023 | yearly | 1970 - 2023 |
Egypt (%) | 39.8 Mar 2024 | quarterly | Jun 1999 - Mar 2024 |
Estonia (%) | 89.2 2023 | yearly | 1996 - 2023 |
European Union (%) | 111.2 2023 | yearly | 2008 - 2023 |
Finland (%) | 215.3 2023 | yearly | 1991 - 2023 |
France (%) | 244.9 2023 | yearly | 2004 - 2023 |
Georgia (%) | 80.2 2023 | yearly | 1999 - 2023 |
Germany (%) | 146.1 2023 | yearly | 1999 - 2023 |
Ghana (%) | 39.5 2023 | yearly | 1999 - 2023 |
Greece (%) | 246.0 2023 | yearly | 2003 - 2023 |
Hong Kong SAR, China (%) | 481.7 2023 | yearly | 2001 - 2023 |
Hungary (%) | 128.8 2023 | yearly | 2006 - 2023 |
Iceland (%) | 75.5 2023 | yearly | 1989 - 2023 |
India (%) | 18.9 2023 | yearly | 1970 - 2023 |
Indonesia (%) | 29.8 2023 | yearly | 2003 - 2023 |
Iran (%) | 0.3 2023 | yearly | 1994 - 2023 |
Ireland (%) | 556.6 2023 | yearly | 2002 - 2023 |
Israel (%) | 28.4 2023 | yearly | 1998 - 2023 |
Italy (%) | 129.0 2022 | yearly | 2002 - 2022 |
Ivory Coast (%) | 31.4 2021 | yearly | 1994 - 2021 |
Japan (%) | 107.5 2023 | yearly | 2003 - 2023 |
Jordan (%) | 80.7 2023 | yearly | 1970 - 2023 |
Kazakhstan (%) | 60.9 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
Kenya (%) | 40.3 2023 | yearly | 2006 - 2023 |
South Korea (%) | 36.6 2023 | yearly | 1994 - 2023 |
Kosovo (%) | 39.6 2023 | yearly | 2007 - 2023 |
Kuwait (%) | 39.4 2023 | yearly | 2014 - 2023 |
Kyrgyzstan (%) | 72.3 2023 | yearly | 2003 - 2023 |
Laos (%) | 74.2 2023 | yearly | 1996 - 2023 |
Latvia (%) | 106.8 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
Lebanon (%) | 21.2 2021 | yearly | 2007 - 2021 |
Lithuania (%) | 69.2 2023 | yearly | 1996 - 2023 |
Luxembourg (%) | 4,446.8 2023 | yearly | 2002 - 2023 |
North Macedonia (%) | 83.2 2023 | yearly | 2004 - 2023 |
Malawi (%) | 60.1 2021 | yearly | 2006 - 2021 |
Malaysia (%) | 68.2 2023 | yearly | 2009 - 2023 |
Malta (%) | 858.8 2023 | yearly | 2004 - 2023 |
Mauritius (%) | 1,315.2 2023 | yearly | 2009 - 2023 |
Mexico (%) | 33.0 2023 | yearly | 2002 - 2023 |
Moldova (%) | 63.3 2023 | yearly | 2000 - 2023 |
Mongolia (%) | 170.1 2023 | yearly | 1992 - 2023 |
Montenegro (%) | 141.5 2022 | yearly | 2006 - 2022 |
Morocco (%) | 50.9 2022 | yearly | 1970 - 2022 |
Mozambique (%) | 71.7 2020 | yearly | 1985 - 2020 |
Myanmar (%) | 16.7 2020 | yearly | 2018 - 2020 |
Nepal (%) | 17.3 2016 | yearly | 2001 - 2016 |
Netherlands (%) | 373.8 2023 | yearly | 2003 - 2023 |
New Zealand (%) | 88.0 2023 | yearly | 1993 - 2023 |
Nigeria (%) | 11.9 2023 | yearly | 1985 - 2023 |
Norway (%) | 148.1 2023 | yearly | 2003 - 2023 |
Pakistan (%) | 35.0 2024 | yearly | 2000 - 2024 |
Palestinian Territory (%) | 12.2 2023 | yearly | 2012 - 2023 |
Panama (%) | 167.4 2021 | yearly | 2014 - 2021 |
Paraguay (%) | 55.7 2023 | yearly | 2000 - 2023 |
Peru (%) | 39.3 2023 | yearly | 1980 - 2023 |
Philippines (%) | 28.7 2023 | yearly | 1990 - 2023 |
Poland (%) | 49.6 2023 | yearly | 1995 - 2023 |
Portugal (%) | 150.4 2023 | yearly | 1996 - 2023 |
Qatar (%) | 106.1 2018 | yearly | 2000 - 2018 |
Romania (%) | 51.9 2023 | yearly | 1995 - 2023 |
Russia (%) | 15.7 2023 | yearly | 1993 - 2023 |
Serbia (%) | 65.3 2023 | yearly | 2000 - 2023 |
Singapore (%) | 391.1 2023 | yearly | 2003 - 2023 |
Slovakia (%) | 96.0 2023 | yearly | 1995 - 2023 |
Slovenia (%) | 90.4 2023 | yearly | 2001 - 2023 |
South Africa (%) | 41.5 2023 | yearly | 1985 - 2023 |
Spain (%) | 163.6 2023 | yearly | 1995 - 2023 |
Sri Lanka (%) | 75.0 2022 | yearly | 1998 - 2022 |
Sudan (%) | 202.2 2021 | yearly | 2001 - 2021 |
Sweden (%) | 169.1 2023 | yearly | 1997 - 2023 |
Switzerland (%) | 236.4 2023 | yearly | 1999 - 2023 |
Taiwan (%) | 27.3 2023 | yearly | 1999 - 2023 |
Tajikistan (%) | 37.7 2021 | yearly | 2000 - 2021 |
Thailand (%) | 37.4 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
Tunisia (%) | 90.4 2023 | yearly | 2002 - 2023 |
Turkey (%) | 45.2 2023 | yearly | 1989 - 2023 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -3.5 Jun 2024 | quarterly | Dec 2008 - Jun 2024 |
Consolidated Fiscal Balance (USD mn) | -305.529 Jun 2024 | monthly | Jan 2008 - Jun 2024 |
Tax Revenue (USD mn) | 776.284 Jun 2024 | monthly | Jan 2008 - Jun 2024 |
Tax Revenue: % of GDP (%) | 13.9 Jun 2022 | quarterly | Mar 2008 - Jun 2022 |
Government Debt: % of GDP (%) | 72.3 2023 | yearly | 2006 - 2023 |
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 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 4.394 2028 | yearly | 1980 - 2028 |
Trade Balance (USD mn) | 542.1 Oct 2024 | monthly | Mar 2005 - Oct 2024 |
Total Exports (USD mn) | 1,842.1 Oct 2024 | monthly | Jan 2010 - Oct 2024 |
Total Exports Growth (%) | 19.0 Oct 2024 | monthly | Jan 2011 - Oct 2024 |
Aluminum: Exports (USD th) | 103,616.725 2023 | yearly | 1995 - 2023 |
Exports: Medicament (USD th) | 11,448.519 2023 | yearly | 1995 - 2023 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 382.361 2023 | yearly | 1995 - 2023 |
Total Imports (USD mn) | 1,300.0 Oct 2024 | monthly | Mar 2005 - Oct 2024 |
Total Imports Growth (%) | 2.3 Oct 2024 | monthly | Mar 2006 - Oct 2024 |
Imports: Medicament (USD th) | 158,976.676 2023 | yearly | 1995 - 2023 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 83,941.840 2023 | yearly | 1995 - 2023 |
Total Exports to USA (USD mn) | 57.461 Aug 2024 | monthly | Feb 1985 - Aug 2024 |
Total Imports from USA (USD mn) | 73.849 Aug 2024 | monthly | Jun 1995 - Aug 2024 |
Total Exports to China (USD mn) | 183.887 Aug 2024 | monthly | May 1995 - Aug 2024 |
Total Imports from China (USD mn) | 292.234 Aug 2024 | monthly | Jun 1986 - Aug 2024 |
Export Volume Index (2015=100) | 97.296 2021 | yearly | 1980 - 2021 |
Export Value Index (2015=100) | 142.693 2021 | yearly | 1980 - 2021 |
Import Volume Index (2015=100) | 84.815 2021 | yearly | 1980 - 2021 |
Import Value Index (2015=100) | 101.215 2021 | yearly | 1980 - 2021 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 24.3 Aug 2024 | monthly | Dec 2005 - Aug 2024 |
Non-Performing Loans (USD mn) | 1,397.674 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
Money Supply M1 (USD mn) | 9,768.702 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
Money Supply M2 (USD mn) | 14,509.715 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
M2 Growth (%) | 44.5 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
Foreign Exchange Reserves (USD mn) | 3,368.9 Jan 2024 | monthly | Jan 1965 - Jan 2024 |
Foreign Exchange Reserves: % of GDP (%) | 3.820 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 2.4 Jan 2024 | monthly | Mar 2005 - Jan 2024 |
Gold Reserves (Metric Ton) | 1,000.000 2023 | yearly | 2008 - 2023 |
Total Deposits (USD mn) | 16,798.963 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
Total Deposits Growth (%) | 38.9 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
Domestic Credit (USD mn) | 17,262.9 Jul 2024 | monthly | Jan 1967 - Jul 2024 |
Domestic Credit Growth (%) | -3.5 Jul 2024 | monthly | Jan 1968 - Jul 2024 |
Total Loans (USD mn) | 5,796.138 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
Total Loans Growth (%) | 28.50 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
Private Debt: % of Nominal GDP (%) | 9.91 Jun 2024 | quarterly | Dec 2013 - Jun 2024 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (%) | 14.4 Aug 2024 | monthly | Dec 2013 - Aug 2024 |
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