Ghana: Gross domestic savings (% of GDP)

Key figures

What the numbers say

In 2024, Ghana's gross domestic savings (% of GDP) rose 2.95 percentage points on 2023 (from 9.27% to 12.22%).

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 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 10.38 percentage points in 2013 and the biggest yearly fall was 10.31 percentage points in 2007. 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 downward, 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 22nd 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

• United States — 19th of 36: 18.47%
• Eswatini — 20th of 36: 15%
• Bolivia — 21st of 36: 13.84%
• Fiji — 23rd of 36: 10.72%
• New Caledonia — 24th of 36: 10.03%
• Zimbabwe — 25th of 36: 3.42%

What this measures

Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). 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.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 65 values

Gross domestic savings (% of GDP) in nearby economies

• Angola — 22.55% (2024)
• Benin — 32.81% (2025)
• Botswana — 22.74% (2025)
• Burkina Faso — 22.2% (2025)
• Burundi — 28.27% (2025)
• Cabo Verde — 6.03% (2025)
• Cameroon — 13.04% (2025)
• Central African Republic — -4.91% (2025)
• Chad — 33.05% (2025)
• Comoros — -10.44% (2025)
• Congo, Dem. 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

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Ghana's gross domestic savings (% of GDP)?

12.22% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is down 4.92 percentage points from 17.15% in 1960. The highest value was 20.66% in 2018 and the lowest -2.96% in 2008.

How does Ghana rank?

22nd highest of 36 economies with data for 2024.

Is the latest change in gross domestic savings (% of GDP) unusual for Ghana?

In 2024, Ghana's gross domestic savings (% of GDP) rose 2.95 percentage points on 2023 (from 9.27% to 12.22%). 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 above 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 NY.GDS.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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.