Ghana Private Consumption: % of GDP

Key information about Ghana Private Consumption: % of GDP

• Ghana Private Consumption accounted for 84.2 % of its Nominal GDP in Dec 2023, compared with a ratio of 78.6 % in the previous year.
• Ghana Private Consumption contribution to Nominal GDP ratio is updated yearly, available from Dec 2006 to Dec 2023, with an average share of 78.1 %.
• The data reached an all-time high of 94.2 % in Dec 2008 and a record low of 71.9 % in Dec 2014.

CEIC calculates annual Private Consumption as % of Nominal GDP from annual Private Consumption Expenditure and annual Nominal GDP. Private Consumption Expenditure is calculated as sum of Household and NPISHs Consumption. Ghana Statistical Service provides Private Consumption Expenditure in local currency and Nominal GDP in local currency, based on SNA 2008. Private Consumption as % of Nominal GDP prior to 2013 is based on SNA 1993.


Related information about Ghana Private Consumption: % of GDP

• In the latest reports, Ghana GDP expanded 1.2 % YoY in Mar 2024.
• Its Nominal GDP reached 21.7 USD bn in Mar 2024.
• Ghana GDP Per Capita reached 2,353.0 USD in Dec 2022.
• Its Gross Savings Rate was measured at 9.9 % in Dec 2023.

View Ghana's Private Consumption: % of GDP from 2006 to 2023 in the chart:

What was Ghana's Private Consumption: % of GDP in 2023?

Ghana Private Consumption accounted for 84.2 % of its Nominal GDP in Dec 2023, compared with a ratio of 78.6 % in the previous year. See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
84.2 2023	78.6 2022	71.9 2014	94.2 2008	%	yearly	2006 - 2023

Private Consumption: % of GDP by Country Comparison

Load more

Ghana Key Series

Load more

More Indicators for Ghana