Ghana's gross savings (% of GDP) was 12.39% in 2024, the latest year in the World Bank's World Development Indicators. That is down 5.85 percentage points from 18.24% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 12.39% | 2024 |
| Five years earlier | 17.59% | 2019 |
| Ten years earlier | 18.24% | 2014 |
| Highest | 22.87% | 2004 |
| Lowest | 3.88% | 2011 |
| Average since 2015 | 15.66% | 2015–2024 |
| First recorded | 14.44% | 1975 |
What the numbers say
In 2024, Ghana's gross savings (% of GDP) rose 3.16 percentage points on 2023 (from 9.23% to 12.39%).
Across the 30 yearly changes before that (1994 to 2023), the average change was −0.12 percentage points and a typical year strayed about 4.98 percentage points from that (the standard deviation). This year's change was 0.7 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 9.93 percentage points in 2013 and the biggest yearly fall was 10.67 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 1.08 percentage points a year. A straight line explains 78% 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 41st highest value of the 48 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.
| Value | Year | |
|---|---|---|
| Ghana | 12.39% | 2024 |
| World | 26.05% | 2024 |
| Lower middle income | 28.16% | 2025 |
Closest to Ghana in the 2024 ranking
What this measures
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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 50 values
| Year | Gross savings (% of GDP) |
|---|---|
| 2024 | 12.39 |
| 2023 | 9.23 |
| 2022 | 13.51 |
| 2021 | 13.15 |
| 2020 | 15.18 |
| 2019 | 17.59 |
| 2018 | 20 |
| 2017 | 15.86 |
| 2016 | 18.64 |
| 2015 | 21.1 |
| 2014 |
Gross savings (% of GDP) in nearby economies
- Angola — 15.88% (2024)
- Benin — 30.27% (2023)
- Botswana — 28.25% (2025)
- Burkina Faso — 15.89% (2024)
- Burundi — 43.06% (2025)
- Cabo Verde — 21.14% (2025)
- Cameroon — 15.54% (2024)
- Comoros — 12.05% (2023)
- Congo, Dem. Rep. — 28.69% (2025)
- Congo, Rep. — 31.66% (2021)
- Côte d'Ivoire — 17.15% (2024)
- Eswatini
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 savings (% of GDP)?
- 12.39% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1975?
- It is down 2.05 percentage points from 14.44% in 1975. The highest value was 22.87% in 2004 and the lowest 3.88% in 2011.
- How does Ghana rank?
- 41st highest of 48 economies with data for 2024.
- Is the latest change in gross savings (% of GDP) unusual for Ghana?
- In 2024, Ghana's gross savings (% of GDP) rose 3.16 percentage points on 2023 (from 9.23% to 12.39%). Across the 30 yearly changes before that (1994 to 2023), the average change was −0.12 percentage points and a typical year strayed about 4.98 percentage points from that (the standard deviation). This year's change was 0.7 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.GNS.ICTR.ZS, 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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