Ghana Gross Savings Rate
2006 - 2023 | Yearly | % | CEIC Data
Key information about Ghana Gross Savings Rate
- Ghana Gross Savings Rate was measured at 9.9% in Dec 2023, compared with 9.9% in the previous year.
- Ghana Gross Savings Rate is updated yearly, with data available from Dec 2006 to Dec 2023, and an average rate of 9.9%.
- The data reached an all-time high of 9.9% in Dec 2018 and a record low of -3.0% in Dec 2008.
- CEIC calculates annual Gross Domestic Savings Rate from annual Gross Domestic Savings and annual Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Final Consumption Expenditure. Ghana Statistical Service provides Final Consumption Expenditure in local currency and Nominal GDP in local currency, based on SNA 2008. Gross Domestic Savings Rate prior to 2013 is based on SNA 1993.
- In the latest reports, Ghana GDP expanded 0.5% YoY in Sep 2023.
- Ghana Nominal GDP reached 19,263.7 USD mn in Sep 2023. Its GDP deflator (implicit price deflator) increased 36.6% in Sep 2023.
- Ghana GDP Per Capita reached 2,353.0 USD in Dec 2022.
View Ghana's Gross Savings Rate from 2006 to 2023 in the chart:
What was Ghana's Gross Savings Rate in 2023?
Ghana Gross Savings Rate was measured at 9.9% in Dec 2023, compared with 9.9% in the previous year. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 9.9 2023 | 14.7 2022 | -3.0 2008 | 20.7 2018 | % | yearly | 2006 - 2023 |
Gross Savings Rate by Country Comparison
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Includes Gross Savings Rate on 116 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 17.3 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
| Algeria (%) | 36.1 2021 | yearly | 2000 - 2021 |
| Argentina (%) | 11.0 Mar 2023 | quarterly | Mar 2004 - Mar 2023 |
| Armenia (%) | 20.6 Mar 2024 | quarterly | Dec 1994 - Mar 2024 |
| Australia (%) | 29.6 Dec 2022 | quarterly | Sep 1959 - Dec 2022 |
| Austria (%) | 27.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Azerbaijan (%) | 31.5 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
| Bahrain (%) | 38.6 2022 | yearly | 1989 - 2022 |
| Bangladesh (%) | 30.4 2021 | yearly | 2006 - 2021 |
| Belarus (%) | 27.3 Dec 2023 | quarterly | Mar 1992 - Dec 2023 |
| Belgium (%) | 24.2 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
| Bolivia (%) | 1.2 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
| Bosnia and Herzegovina (%) | 10.0 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| Botswana (%) | 19.9 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
| Brazil (%) | 12.4 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
| Brunei (%) | 60.0 Sep 2022 | quarterly | Mar 2004 - Sep 2022 |
| Bulgaria (%) | 15.6 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| Cambodia (%) | 31.1 2022 | yearly | 1993 - 2022 |
| Canada (%) | 24.1 Dec 2023 | quarterly | Mar 1961 - Dec 2023 |
| Chile (%) | 25.1 Mar 2024 | quarterly | Mar 1996 - Mar 2024 |
| China (%) | 45.9 2021 | yearly | 1952 - 2021 |
| Colombia (%) | 8.6 Dec 2022 | quarterly | Mar 2005 - Dec 2022 |
| Croatia (%) | 15.2 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| Cyprus (%) | 18.0 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Czech Republic (%) | 32.0 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Denmark (%) | 29.0 Mar 2024 | quarterly | Mar 1990 - Mar 2024 |
| Ecuador (%) | 22.7 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
| Egypt (%) | 6.7 2017 | yearly | 1990 - 2017 |
| Estonia (%) | 29.7 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| European Union (%) | 26.5 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Finland (%) | 21.9 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
| France (%) | 14.2 Dec 2017 | quarterly | Mar 1949 - Dec 2017 |
| Georgia (%) | 17.1 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Germany (%) | 29.6 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
| Ghana (%) | 9.9 2023 | yearly | 2006 - 2023 |
| Greece (%) | 7.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Hong Kong SAR, China (%) | 22.8 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Hungary (%) | 35.0 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Iceland (%) | 19.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| India (%) | 30.2 2023 | yearly | 1951 - 2023 |
| Indonesia (%) | 37.4 Mar 2024 | quarterly | Mar 2010 - Mar 2024 |
| Iran (%) | 47.1 Sep 2023 | quarterly | Jun 1988 - Sep 2023 |
| Ireland (%) | 56.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Israel (%) | 27.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Italy (%) | 24.0 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Ivory Coast (%) | 22.2 2023 | yearly | 1960 - 2023 |
| Japan (%) | 28.8 Mar 2022 | quarterly | Mar 1980 - Mar 2022 |
| Jordan (%) | 2.9 2023 | yearly | 1963 - 2023 |
| Kazakhstan (%) | 44.9 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
| Kenya (%) | 12.1 2022 | yearly | 2006 - 2022 |
| South Korea (%) | 34.0 Dec 2022 | quarterly | Mar 1970 - Dec 2022 |
| Kosovo (%) | -4.9 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
| Kuwait (%) | 31.1 2019 | yearly | 1970 - 2019 |
| Kyrgyzstan (%) | -4.1 Dec 2022 | quarterly | Mar 2000 - Dec 2022 |
| Laos (%) | 18.4 2016 | yearly | 2000 - 2016 |
| Latvia (%) | 18.1 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Lebanon (%) | -21.7 2020 | yearly | 1990 - 2020 |
| Lithuania (%) | 20.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Luxembourg (%) | 52.5 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Macau SAR, China (%) | 16.6 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
| North Macedonia (%) | 11.3 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Malawi (%) | 11.2 2019 | yearly | 1977 - 2019 |
| Malaysia (%) | 26.9 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
| Malta (%) | 37.7 Dec 2023 | quarterly | Mar 1992 - Dec 2023 |
| Mauritius (%) | 15.0 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Mexico (%) | 19.3 Sep 2023 | quarterly | Mar 1993 - Sep 2023 |
| Moldova (%) | -3.5 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Mongolia (%) | 35.8 Dec 2022 | quarterly | Mar 2005 - Dec 2022 |
| Montenegro (%) | -0.9 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
| Morocco (%) | 27.2 2022 | yearly | 1975 - 2022 |
| Mozambique (%) | 8.1 2022 | yearly | 1969 - 2022 |
| Myanmar (%) | 28.7 2018 | yearly | 1996 - 2018 |
| Nepal (%) | 35.6 2024 | yearly | 2001 - 2024 |
| Netherlands (%) | 28.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| New Zealand (%) | 20.3 Sep 2022 | quarterly | Jun 1987 - Sep 2022 |
| Nigeria (%) | 30.6 2022 | yearly | 1981 - 2022 |
| Norway (%) | 39.2 Mar 2024 | quarterly | Mar 1978 - Mar 2024 |
| Oman (%) | 34.7 2022 | yearly | 1980 - 2022 |
| Pakistan (%) | 6.8 2024 | yearly | 2000 - 2024 |
| Palestinian Territory (%) | 11.6 Sep 2023 | quarterly | Mar 2011 - Sep 2023 |
| Panama (%) | 35.8 2021 | yearly | 1960 - 2021 |
| Paraguay (%) | 18.4 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
| Peru (%) | 19.8 Mar 2024 | quarterly | Mar 1990 - Mar 2024 |
| Philippines (%) | 10.8 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
| Poland (%) | 18.2 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| Portugal (%) | 17.3 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Qatar (%) | 66.4 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| Romania (%) | 19.8 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Russia (%) | 37.6 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Saudi Arabia (%) | 32.6 Dec 2023 | quarterly | Mar 2003 - Dec 2023 |
| Serbia (%) | 18.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Singapore (%) | 48.6 2023 | yearly | 1960 - 2023 |
| Slovakia (%) | 20.4 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Slovenia (%) | 24.0 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| South Africa (%) | 12.7 Dec 2023 | quarterly | Mar 1960 - Dec 2023 |
| Spain (%) | 24.1 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Sri Lanka (%) | 26.1 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| Sudan (%) | 13.7 2014 | yearly | 1960 - 2014 |
| Sweden (%) | 31.1 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
| Switzerland (%) | 33.0 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
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Includes 125 key indicators for Ghana, curated by CEIC analysts. Instant access to full history data in excel.
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -4.6 Jun 2023 | quarterly | Dec 2008 - Jun 2023 |
| Consolidated Fiscal Balance (USD mn) | 239.230 Jun 2023 | monthly | Jan 2008 - Jun 2023 |
| Tax Revenue (USD mn) | 1,009.808 Jun 2023 | monthly | Jan 2008 - Jun 2023 |
| Tax Revenue: % of GDP (%) | 13.9 Jun 2022 | quarterly | Mar 2008 - Jun 2022 |
| Government Debt: % of GDP (%) | 70.7 2022 | yearly | 2006 - 2022 |
| Forecast: Government Expenditure (GHS bn) | 422.653 2029 | yearly | 1980 - 2029 |
| Forecast: Government Net Debt (GHS bn) | 1,247.210 2028 | yearly | 1990 - 2028 |
| Forecast: Government Revenue (GHS bn) | 355.914 2029 | yearly | 1982 - 2029 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 4.394 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | 539.1 Dec 2023 | monthly | Mar 2005 - Dec 2023 |
| Total Exports (USD mn) | 1,693.2 Dec 2023 | monthly | Jan 2010 - Dec 2023 |
| Total Exports Growth (%) | 6.3 Dec 2023 | monthly | Jan 2011 - Dec 2023 |
| Aluminum: Exports (USD th) | 124,996.968 2022 | yearly | 1995 - 2022 |
| Exports: Medicament (USD th) | 7,139.214 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 1,273.109 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 1,154.2 Dec 2023 | monthly | Mar 2005 - Dec 2023 |
| Total Imports Growth (%) | 5.0 Dec 2023 | monthly | Mar 2006 - Dec 2023 |
| Imports: Medicament (USD th) | 204,070.187 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 67,696.289 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 81.588 Feb 2024 | monthly | Feb 1985 - Feb 2024 |
| Total Imports from USA (USD mn) | 81.897 Feb 2024 | monthly | Jun 1995 - Feb 2024 |
| Total Exports to China (USD mn) | 128.115 Feb 2024 | monthly | May 1995 - Feb 2024 |
| Total Imports from China (USD mn) | 255.639 Feb 2024 | monthly | Jun 1986 - Feb 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 24.6 Feb 2024 | monthly | Dec 2005 - Feb 2024 |
| Non-Performing Loans (USD mn) | 1,243.949 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| Money Supply M1 (USD mn) | 10,251.243 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
| Money Supply M2 (USD mn) | 15,608.260 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
| M2 Growth (%) | 37.2 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
| Foreign Exchange Reserves (USD mn) | 3,368.9 Jan 2024 | monthly | Jan 1965 - Jan 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 3.309 Sep 2023 | quarterly | Dec 2006 - Sep 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.5 Dec 2023 | monthly | Mar 2005 - Dec 2023 |
| Gold Reserves (Metric Ton) | 1,000.000 2023 | yearly | 2008 - 2023 |
| Total Deposits (USD mn) | 17,864.204 Jan 2024 | monthly | Jan 1999 - Jan 2024 |
| Total Deposits Growth (%) | 26.0 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
| Domestic Credit (USD mn) | 19,764.6 Feb 2024 | monthly | Jan 1967 - Feb 2024 |
| Domestic Credit Growth (%) | -1.8 Feb 2024 | monthly | Jan 1968 - Feb 2024 |
| Total Loans (USD mn) | 6,482.295 Dec 2023 | monthly | Jan 1999 - Dec 2023 |
| Total Loans Growth (%) | 10.01 Dec 2023 | monthly | Jan 2000 - Dec 2023 |
| Private Debt: % of Nominal GDP (%) | 9.23 Sep 2023 | quarterly | Dec 2013 - Sep 2023 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (%) | 22.8 Feb 2024 | monthly | Dec 2013 - Feb 2024 |
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