Ghana's gross domestic income (constant LCU) was 199.53 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 57.72% from 126.5 billion in 2014 (4.66% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 199.53 billion | 2024 |
| Five years earlier | 158.86 billion | 2019 |
| Ten years earlier | 126.5 billion | 2014 |
| Highest | 199.53 billion | 2024 |
| Lowest | 72.23 billion | 2006 |
| Average since 2015 | 160.47 billion | 2015–2024 |
| First recorded | 72.23 billion |
What the numbers say
In 2024, Ghana's gross domestic income (constant LCU) rose 7.7% on 2023 (from 185.2 billion to 199.53 billion).
Across the 17 yearly changes before that (2007 to 2023), the average change was +5.8% and a typical year strayed about 3.8% from that (the standard deviation). This year's change was 0.5 standard deviations above 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 15.4% in 2011 and the biggest yearly fall was 0.4% in 2015. 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 8.05 billion a year. A straight line explains 99% 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.
A straight-line projection, tested first
Extending that straight line gives about 214.98 billion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 9.22 billion, against 16.53 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, Ghana had the 10th highest value of the 29 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
What this measures
Real gross domestic income (real GDI) measures the purchasing power of the total incomes generated by domestic production. It is a concept that exists in real terms only. When the terms of trade change there may be a significant divergence between the movements of GDP in volume terms and real GDI. The difference between the change in GDP in volume terms and real GDI is generally described as the “trading gain” (or loss) or, to turn this round, the trading gain or loss from changes in the terms of trade is the difference between real GDI and GDP in volume terms. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 19 values
| Year | Gross domestic income (constant LCU) |
|---|---|
| 2024 | 199,525,642,312 |
| 2023 | 185,196,394,584 |
| 2022 | 182,795,112,545 |
| 2021 | 172,647,022,983 |
| 2020 | 160,059,341,226 |
| 2019 | 158,858,135,050 |
| 2018 | 149,120,623,967 |
| 2017 | 139,106,439,836 |
| 2016 | 131,353,167,559 |
| 2015 | 126,039,417,734 |
Gross domestic income (constant LCU) in nearby economies
- Angola — 18.83 trillion (2024)
- Benin — 12.15 trillion (2025)
- Botswana — 169.55 billion (2025)
- Burkina Faso — 13.43 trillion (2025)
- Cabo Verde — 257.78 billion (2025)
- Cameroon — 26.65 trillion (2025)
- Central African Republic — 833.94 billion (2025)
- Chad — 11.1 trillion (2025)
- Comoros — 480.2 billion (2025)
- Congo, Dem. Rep. — 13.17 trillion (2025)
- Congo, Rep.
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 gross domestic income (constant LCU)?
- 199.53 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is up 176.25% from 72.23 billion in 2006 (5.81% a year on average, compounded). The highest value was 199.53 billion in 2024 and the lowest 72.23 billion in 2006.
Source
World Bank, World Development Indicators, indicator NY.GDY.TOTL.KN, 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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