Ghana: Final consumption expenditure (% of GDP)

Key figures

What the numbers say

In 2024, Ghana's final consumption expenditure (% of GDP) fell 2.95 percentage points on 2023 (from 90.73% to 87.78%).

Across the 30 yearly changes before that (1994 to 2023), the average change was −0.11 percentage points and a typical year strayed about 4.79 percentage points from that (the standard deviation). This year's change was 0.6 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 10.31 percentage points in 2007 and the biggest yearly fall was 10.38 percentage points in 2013. 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 the straight-line trend is upward, about 0.98 percentage points a year. A straight line explains 71% of the movement over 10 observed years.

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 16th highest value of the 36 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

• Zimbabwe — 12th of 36: 96.58%
• New Caledonia — 13th of 36: 89.97%
• Fiji — 14th of 36: 89.28%
• Bolivia — 16th of 36: 86.16%
• Eswatini — 17th of 36: 85%
• United States — 18th of 36: 81.53%

What this measures

Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

All 65 values

Final consumption expenditure (% of GDP) in nearby economies

• Angola — 77.45% (2024)
• Benin — 67.19% (2025)
• Botswana — 77.26% (2025)
• Burkina Faso — 77.8% (2025)
• Burundi — 71.73% (2025)
• Cabo Verde — 93.97% (2025)
• Cameroon — 86.96% (2025)
• Central African Republic — 104.91% (2025)
• Chad — 66.95% (2025)
• Comoros — 110.44% (2025)

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

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Questions people ask

What is Ghana's final consumption expenditure (% of GDP)?

87.78% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is up 4.92 percentage points from 82.85% in 1960. The highest value was 102.96% in 2008 and the lowest 79.34% in 2018.

How does Ghana rank?

16th highest of 36 economies with data for 2024.

Is the latest change in final consumption expenditure (% of GDP) unusual for Ghana?

In 2024, Ghana's final consumption expenditure (% of GDP) fell 2.95 percentage points on 2023 (from 90.73% to 87.78%). Across the 30 yearly changes before that (1994 to 2023), the average change was −0.11 percentage points and a typical year strayed about 4.79 percentage points from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NE.CON.TOTL.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); 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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