Ghana Foreign Exchange Reserves: % of GDP

2006 - 2023 | Quarterly | % | CEIC Data

Key information about Ghana Foreign Exchange Reserves: % of GDP

  • Ghana Foreign Exchange Reserves: % of GDP was reported at 3.820 % in Dec 2023
  • This records an increase from the previous number of 3.312 % for Sep 2023
  • Ghana Foreign Exchange Reserves: % of GDP data is updated quarterly, averaging 9.444 % from Dec 2006 to Dec 2023, with 69 observations
  • The data reached an all-time high of 13.406 % in Dec 2010 and a record low of 3.312 % in Sep 2023
  • Ghana Foreign Exchange Reserves: % of GDP data remains active status in CEIC and is reported by CEIC Data
  • The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Foreign Exchange Reserves: % of Nominal GDP: Quarterly

CEIC calculates quarterly Foreign Exchange Reserves as % of Nominal GDP from monthly Foreign Exchange Reserves and quarterly Nominal GDP. International Monetary Fund provides Foreign Exchange Reserves in USD. 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. Nominal GDP prior to Q4 2013 is based on SNA 1993.

View Ghana's Foreign Exchange Reserves: % of GDP from Dec 2006 to Dec 2023 in the chart:

Ghana Foreign Exchange Reserves: % of GDP

What was Ghana's Foreign Exchange Reserves: % of GDP in Dec 2023?

Ghana Foreign Exchange Reserves: % of GDP was reported at 3.820 % in Dec 2023 See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.820 Dec 2023 3.312 Sep 2023 3.312 Sep 2023 13.406 Dec 2010 % quarterly Dec 2006 - Dec 2023

Foreign Exchange Reserves: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 20.781 Jun 2024 quarterly Dec 2008 - Jun 2024
Algeria (%) 26.408 Mar 2024 quarterly Dec 1999 - Mar 2024
Argentina (%) 3.975 Jun 2024 quarterly Dec 2004 - Jun 2024
Armenia (%) 13.592 Jun 2024 quarterly Dec 2013 - Jun 2024
Australia (%) 2.128 Jun 2024 quarterly Sep 1969 - Jun 2024
Austria (%) 0.641 Jun 2024 quarterly Dec 1995 - Jun 2024
Azerbaijan (%) 17.952 Jun 2024 quarterly Dec 2001 - Jun 2024
Bahrain (%) 8.733 Dec 2023 quarterly Dec 2007 - Dec 2023
Bangladesh (%) 4.000 Oct 2024 monthly Oct 1999 - Oct 2024
Belarus (%) 4.067 Jun 2024 quarterly Dec 2009 - Jun 2024
Belgium (%) 1.258 Jun 2024 quarterly Mar 1999 - Jun 2024
Bolivia (%) 0.341 Mar 2024 quarterly Mar 1999 - Mar 2024
Bosnia and Herzegovina (%) 32.333 Jun 2024 quarterly Dec 2008 - Jun 2024
Botswana (%) 23.845 Jun 2024 quarterly Jun 1994 - Jun 2024
Brazil (%) 15.299 Sep 2024 quarterly Dec 2000 - Sep 2024
Brunei (%) 6.000 Oct 2024 monthly Jan 2006 - Oct 2024
Bulgaria (%) 36.315 Sep 2024 quarterly Sep 2003 - Sep 2024
Cambodia (%) 7.000 Oct 2024 monthly Jan 2008 - Oct 2024
Canada (%) 4.354 Jun 2024 quarterly Jun 1999 - Jun 2024
Chile (%) 12.845 Sep 2024 quarterly Dec 1996 - Sep 2024
China (%) 6.600 Oct 2024 monthly Jan 1985 - Oct 2024
Colombia (%) 14.191 Sep 2024 quarterly Dec 2000 - Sep 2024
Croatia (%) 39.431 Dec 2022 quarterly Dec 1995 - Dec 2022
Cyprus (%) 0.686 Jun 2024 quarterly Mar 2002 - Jun 2024
Czech Republic (%) 40.823 Jun 2024 quarterly Mar 2000 - Jun 2024
Denmark (%) 19.927 Jun 2024 quarterly Mar 2002 - Jun 2024
Ecuador (%) 4.210 Jun 2024 quarterly Dec 2000 - Jun 2024
Egypt (%) 8.728 Jun 2024 quarterly Dec 2004 - Jun 2024
Estonia (%) 4.282 Jun 2024 quarterly Sep 2002 - Jun 2024
European Union (%) 1.897 Jun 2024 quarterly Dec 1999 - Jun 2024
Finland (%) 2.787 Jun 2024 quarterly Mar 2000 - Jun 2024
France (%) 0.911 Sep 2024 quarterly Mar 2004 - Sep 2024
Georgia (%) 11.362 Jun 2024 quarterly Dec 1996 - Jun 2024
Germany (%) 0.784 Sep 2024 quarterly Dec 1991 - Sep 2024
Ghana (%) 3.820 Dec 2023 quarterly Dec 2006 - Dec 2023
Greece (%) 1.559 Jun 2024 quarterly Mar 2004 - Jun 2024
Hong Kong SAR, China (%) 105.488 Sep 2024 quarterly Jun 2000 - Sep 2024
Hungary (%) 18.112 Jun 2024 quarterly Mar 2006 - Jun 2024
Iceland (%) 17.675 Jun 2024 quarterly Dec 2000 - Jun 2024
India (%) 4.500 Oct 2024 monthly Sep 1962 - Oct 2024
Indonesia (%) 9.000 Oct 2024 monthly Jan 1997 - Oct 2024
Ireland (%) 0.941 Jun 2024 quarterly Mar 1999 - Jun 2024
Israel (%) 41.391 Sep 2024 quarterly Dec 2001 - Sep 2024
Italy (%) 2.272 Jun 2024 quarterly Dec 1999 - Jun 2024
Ivory Coast (%) 0.003 Mar 2023 quarterly Dec 1997 - Mar 2023
Japan (%) 0.840 Aug 2024 monthly Oct 1980 - Aug 2024
Jordan (%) 26.273 Jun 2024 quarterly Dec 1992 - Jun 2024
Kazakhstan (%) 5.430 Dec 2023 quarterly Dec 2002 - Dec 2023
Kenya (%) 7.721 Jun 2024 quarterly Dec 2009 - Jun 2024
South Korea (%) 7.000 Oct 2024 monthly Nov 1979 - Oct 2024
Kosovo (%) 11.298 Jun 2024 quarterly Dec 2010 - Jun 2024
Kuwait (%) 25.562 Jun 2024 quarterly Dec 2010 - Jun 2024
Kyrgyzstan (%) 10.479 Mar 2024 quarterly Dec 2000 - Mar 2024
Laos (%) 8.000 Oct 2024 monthly Jan 2002 - Oct 2024
Latvia (%) 9.361 Jun 2024 quarterly Mar 1997 - Jun 2024
Lebanon (%) 21.405 2021 yearly 2004 - 2021
Lithuania (%) 5.568 Sep 2024 quarterly Dec 1995 - Sep 2024
Luxembourg (%) 0.237 Jun 2024 quarterly Mar 1999 - Jun 2024
Macau SAR, China (%) 57.356 Sep 2024 quarterly Dec 2001 - Sep 2024
North Macedonia (%) 27.496 Jun 2024 quarterly Dec 2000 - Jun 2024
Malawi (%) 7.753 2019 yearly 2002 - 2019
Malaysia (%) 2.000 Sep 2024 monthly Jan 1959 - Sep 2024
Malta (%) 4.078 Jun 2024 quarterly Dec 2000 - Jun 2024
Mauritius (%) 44.869 Jun 2024 quarterly Dec 2006 - Jun 2024
Mexico (%) 10.372 Jun 2024 quarterly Mar 2000 - Jun 2024
Moldova (%) 30.688 Jun 2024 quarterly Mar 2000 - Jun 2024
Mongolia (%) 17.057 Sep 2024 quarterly Dec 2010 - Sep 2024
Montenegro (%) 20.266 Jun 2024 quarterly Dec 2010 - Jun 2024
Morocco (%) 22.019 Jun 2024 quarterly Dec 2007 - Jun 2024
Mozambique (%) 16.911 2023 yearly 1984 - 2023
Myanmar (%) 3.750 Oct 2024 monthly May 2011 - Oct 2024
Nepal (%) 4.000 Nov 2024 monthly Jul 2003 - Nov 2024
Netherlands (%) 0.587 Sep 2024 quarterly Sep 1999 - Sep 2024
New Zealand (%) 5.764 Jun 2024 quarterly Sep 2005 - Jun 2024
Nigeria (%) 14.124 Jun 2024 quarterly Dec 2010 - Jun 2024
Norway (%) 15.574 Jun 2024 quarterly Mar 1999 - Jun 2024
Oman (%) 14.968 Jun 2024 quarterly Dec 2005 - Jun 2024
Pakistan (%) 5.000 Sep 2024 monthly Jul 2006 - Sep 2024
Palestinian Territory (%) 15.697 Jun 2024 quarterly Mar 2006 - Jun 2024
Panama (%) 5.729 Jun 2024 quarterly Dec 2007 - Jun 2024
Paraguay (%) 20.660 Jun 2024 quarterly Dec 1994 - Jun 2024
Peru (%) 23.676 Jun 2024 quarterly Dec 1990 - Jun 2024
Philippines (%) 9.500 Oct 2024 monthly May 1986 - Oct 2024
Poland (%) 20.279 Jun 2024 quarterly Dec 2002 - Jun 2024
Portugal (%) 1.933 Jun 2024 quarterly Dec 1999 - Jun 2024
Qatar (%) 20.310 Dec 2023 quarterly Dec 2010 - Dec 2023
Romania (%) 18.117 Jun 2024 quarterly Jun 2005 - Jun 2024
Russia (%) 19.829 Mar 2024 quarterly Dec 2011 - Mar 2024
Saudi Arabia (%) 41.018 Jun 2024 quarterly Dec 2003 - Jun 2024
Serbia (%) 33.749 Jun 2024 quarterly Mar 2004 - Jun 2024
Singapore (%) 69.048 Jun 2024 quarterly Jun 2000 - Jun 2024
Slovakia (%) 6.853 Jun 2024 quarterly Dec 1999 - Jun 2024
Slovenia (%) 1.771 Sep 2024 quarterly Dec 1995 - Sep 2024
South Africa (%) 11.966 Jun 2024 quarterly Mar 2001 - Jun 2024
Spain (%) 3.707 Sep 2024 quarterly Dec 1995 - Sep 2024
Sri Lanka (%) 4.000 May 2023 monthly Mar 1997 - May 2023
Sudan (%) 0.000 2017 yearly 1960 - 2017
Sweden (%) 7.126 Jun 2024 quarterly Mar 2000 - Jun 2024
Switzerland (%) 86.305 Jun 2024 quarterly Mar 2006 - Jun 2024
Syria (%) 31.149 2010 yearly 1990 - 2010

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Ghana Key Series

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) 659.7 Aug 2024 monthly Mar 2005 - Aug 2024
Total Exports (USD mn) 1,890.3 Aug 2024 monthly Jan 2010 - Aug 2024
Total Exports Growth (%) 52.8 Aug 2024 monthly Jan 2011 - Aug 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) 1,230.6 Aug 2024 monthly Mar 2005 - Aug 2024
Total Imports Growth (%) 5.9 Aug 2024 monthly Mar 2006 - Aug 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) 45.264 Jul 2024 monthly Feb 1985 - Jul 2024
Total Imports from USA (USD mn) 78.783 Jul 2024 monthly Jun 1995 - Jul 2024
Total Exports to China (USD mn) 144.855 Jul 2024 monthly May 1995 - Jul 2024
Total Imports from China (USD mn) 311.759 Jul 2024 monthly Jun 1986 - Jul 2024
Import Volume Index (2015=100) 84.815 2021 yearly 1980 - 2021
Export Volume Index (2015=100) 97.296 2021 yearly 1980 - 2021
Import Value Index (2015=100) 101.215 2021 yearly 1980 - 2021
Export Value Index (2015=100) 142.693 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -4.7 Mar 2024 quarterly Mar 2011 - Mar 2024
Current Account Balance (USD mn) 998.5 Jun 2024 quarterly Mar 2005 - Jun 2024
Current Account Balance: % of GDP (%) 5.6 Jun 2024 quarterly Mar 2006 - Jun 2024
Foreign Direct Investment (USD mn) 380.3 Mar 2024 quarterly Mar 2011 - Mar 2024
Foreign Direct Investment: % of GDP (%) 1.7 Mar 2024 quarterly Mar 2011 - Mar 2024
Foreign Portfolio Investment (USD mn) -308.059 Dec 2021 quarterly Mar 2011 - Dec 2021
Foreign Portfolio Investment: % of GDP (%) 0.0 Mar 2024 quarterly Mar 2011 - Mar 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -9.3 2023 yearly 1975 - 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 13.739 Mar 2024 quarterly Mar 2011 - Mar 2024
External Debt (USD mn) 31,566.3 Jul 2024 monthly Jan 2012 - Jul 2024
External Debt: % of GDP (%) 39.5 2023 yearly 1999 - 2023
Forecast: Current Account Balance (USD bn) -2.128 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -23,095.226 2022 yearly 2006 - 2022
BoP: Financial Account: Financial Derivatives & Employee Stock Options (USD mn) 26.798 Mar 2024 quarterly Mar 2021 - Mar 2024
BoP: Financial Account: Portfolio Investment: Assets (USD mn) -63.908 Mar 2024 quarterly Mar 2021 - Mar 2024
BoP: Financial Account: Financial Derivatives & Employee Stock Options: Assets (USD mn) 138.453 Mar 2024 quarterly Mar 2021 - Mar 2024
BoP: Financial Account: Financial Derivatives & Employee Stock Options: Liabilit... (USD mn) 111.654 Mar 2024 quarterly Mar 2021 - Mar 2024
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) 9,298.488 Jun 2024 quarterly Mar 1990 - Jun 2024
Money Supply M2 (USD mn) 13,953.808 Jun 2024 quarterly Mar 1990 - Jun 2024
M2 Growth (%) 35.6 Jun 2024 quarterly Mar 1991 - Jun 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) 16,526.320 Aug 2024 monthly Jan 1999 - Aug 2024
Total Deposits Growth (%) 34.0 Aug 2024 monthly Jan 2000 - Aug 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) 5,706.251 Aug 2024 monthly Jan 1999 - Aug 2024
Total Loans Growth (%) 19.67 Aug 2024 monthly Jan 2000 - Aug 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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