Ghana's changes in inventories (current LCU) was 1.87 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 58.89% from 1.18 billion in 2014 (4.74% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1.87 billion | 2024 |
| Five years earlier | 2.17 billion | 2019 |
| Ten years earlier | 1.18 billion | 2014 |
| Highest | 2.21 billion | 2023 |
| Lowest | -19.93 million | 2001 |
| Average since 2015 | 1.7 billion | 2015–2024 |
| First recorded | 2,300 |
What the numbers say
In 2024, Ghana's changes in inventories (current LCU) fell 343.24 million on 2023 (from 2.21 billion to 1.87 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +74.02 million and a typical year strayed about 296.2 million from that (the standard deviation). This year's change was 1.4 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 965.78 million in 2023 and the biggest yearly fall was 899.59 million in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 13% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Ghana had the 15th highest value of the 39 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Ghana in the 2024 ranking
- Zambia — 12th of 39: 14.47 billion
- Zimbabwe — 13th of 39: 7.57 billion
- Tajikistan — 14th of 39: 3.4 billion
- Panama — 16th of 39: 1.85 billion
- Bosnia and Herzegovina — 17th of 39: 1.61 billion
- Sierra Leone — 18th of 39: 1.42 billion
What this measures
Changes in inventories is the value of entries into inventories less the value of withdrawals and less the value of any recurrent losses of goods held in inventories during the accounting period.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 58 values
| Year | Changes in inventories (current LCU) |
|---|---|
| 2024 | 1,871,294,200 |
| 2023 | 2,214,532,300 |
| 2022 | 1,248,751,800 |
| 2021 | 1,306,723,500 |
| 2020 | 2,206,312,300 |
| 2019 | 2,171,646,700 |
| 2018 | 1,574,540,200 |
| 2017 | 1,784,647,100 |
| 2016 | 1,382,318,700 |
| 2015 | 1,279,202,400 |
Changes in inventories (current LCU) in nearby economies
- Angola — 15.59 billion (2024)
- Benin — 56.5 billion (2025)
- Botswana — 2.51 billion (2025)
- Burkina Faso — 74.62 billion (2025)
- Cameroon — 233.9 billion (2024)
- Central African Republic — -97.75 billion (2025)
- Chad — 495.84 billion (2025)
- Comoros — 7.91 billion (2023)
- Congo, Dem. Rep. — 6.98 trillion (2025)
- Congo, Rep. — 28.87 billion (2025)
- Côte d'Ivoire
More economic policy & debt data for Ghana
- Total reserves, including gold (current US$) — US$12.13 billion (2025)
- Total reserves, excluding gold (current US$) — US$9.51 billion (2025)
- Agriculture, forestry, and fishing, value added (current US$) — US$24.3 billion (2025)
- Agriculture, forestry, and fishing, value added (current LCU) — 305.12 billion (2025)
- Agriculture, forestry, and fishing, value added (% of GDP) — 21.28% (2025)
- GDP (current US$) — US$114.21 billion (2025)
- GDP (current LCU) — 1.43 trillion (2025)
- GDP (constant 2015 US$) — US$79.27 billion (2025)
- GDP (constant LCU) — 209.64 billion (2025)
- GDP per capita (current US$)
Reading data like this
Questions people ask
- What is Ghana's changes in inventories (current LCU)?
- 1.87 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1967?
- It is up 81.36 million% from 2,300 in 1967 (26.97% a year on average, compounded). The highest value was 2.21 billion in 2023 and the lowest -19.93 million in 2001.
- How does Ghana rank?
- 15th highest of 39 economies with data for 2024.
- Is the latest change in changes in inventories (current LCU) unusual for Ghana?
- In 2024, Ghana's changes in inventories (current LCU) fell 343.24 million on 2023 (from 2.21 billion to 1.87 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +74.02 million and a typical year strayed about 296.2 million from that (the standard deviation). This year's change was 1.4 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NE.GDI.STKB.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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