Ghana: Export volume index (2015 = 100)

Key figures

What the numbers say

In 2024, Ghana's export volume index (2015 = 100) fell 2.3 on 2023 (from 107.6 to 105.3).

Across the 18 yearly changes before that (2006 to 2023), the average change was +3.79 and a typical year strayed about 12.48 from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 30 in 2017 and the biggest yearly fall was 22.4 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 4% 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 120th highest value of the 203 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

• Panama — 118th of 203: 106
• New Zealand — 119th of 203: 105.7
• Chad — 120th of 203: 105.3
• Tunisia — 122nd of 203: 105.2
• Australia — 123rd of 203: 104.3
• Syrian Arab Republic — 124th of 203: 104.2

What this measures

Export volume indexes are derived from UNCTAD's volume index series and are the ratio of the export value indexes to the corresponding unit value indexes. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD's estimates using the previous year's trade values at the Standard International Trade Classification three-digit level as weights.

All 20 values

Export volume index (2015 = 100) in nearby economies

• Angola — 74.2 (2024)
• Benin — 161.9 (2024)
• Botswana — 79 (2024)
• Burkina Faso — 139.3 (2024)
• Burundi — 87.6 (2024)
• Cabo Verde — 99.5 (2024)
• Cameroon — 96.7 (2024)
• Central African Republic — 115.1 (2024)
• Chad — 105.3 (2024)
• Comoros — 184 (2024)
• Congo, Dem. Rep. — 193.8 (2024)

More trade data for Ghana

• Import volume index (2015 = 100) — 90.5 (2024)
• Import value index (2015 = 100) — 113.3 (2024)
• Net barter terms of trade index (2015 = 100) — 148.8 (2024)
• Export value index (2015 = 100) — 196 (2024)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 11.72% (2022)
• Tariff rate, most favored nation, simple mean, all products (%) — 12.12% (2022)
• Tariff rate, most favored nation, simple mean, primary products (%) — 13.29% (2022)
• Binding coverage, manufactured products (%) — 0% (2022)
• Tariff rate, applied, simple mean, manufactured products (%) — 12.44% (2022)

Reading data like this

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Questions people ask

What is Ghana's export volume index (2015 = 100)?

105.3 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is up 167.26% from 39.4 in 2005 (5.31% a year on average, compounded). The highest value was 146.4 in 2019 and the lowest 39.4 in 2005.

How does Ghana rank?

120th highest of 203 economies with data for 2024.

Is the latest change in export volume index (2015 = 100) unusual for Ghana?

In 2024, Ghana's export volume index (2015 = 100) fell 2.3 on 2023 (from 107.6 to 105.3). Across the 18 yearly changes before that (2006 to 2023), the average change was +3.79 and a typical year strayed about 12.48 from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator TX.QTY.MRCH.XD.WD, licensed CC BY 4.0. Original source: UN Conference on Trade and Development (UNCTAD) 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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