Ghana: Import volume index (2015 = 100)

Key figures

What the numbers say

In 2024, Ghana's import volume index (2015 = 100) rose 8.5 on 2023 (from 82 to 90.5).

Across the 18 yearly changes before that (2006 to 2023), the average change was +1.89 and a typical year strayed about 9.63 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 21.8 in 2011 and the biggest yearly fall was 18.2 in 2014. 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 1.63 a year. A straight line explains 66% 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 163rd 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

• Argentina — 160th of 203: 93.1
• Spain — 161st of 203: 91.8
• Aruba — 162nd of 203: 91.3
• Burundi — 164th of 203: 90.3
• Northern Mariana Islands — 165th of 203: 90.3
• Marshall Islands — 166th of 203: 88.1

What this measures

Import volume indexes are derived from UNCTAD's volume index series and are the ratio of the import 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

Import volume index (2015 = 100) in nearby economies

• Angola — 64.1 (2024)
• Benin — 151.2 (2024)
• Botswana — 81.8 (2024)
• Burkina Faso — 148.2 (2024)
• Burundi — 90.3 (2024)
• Cabo Verde — 244.6 (2024)
• Cameroon — 112.1 (2024)
• Central African Republic — 133.8 (2024)
• Chad — 47.6 (2024)
• Comoros — 122.9 (2024)
• Congo, Dem. Rep. — 263.4 (2024)

More trade data for Ghana

• Import value index (2015 = 100) — 113.3 (2024)
• Net barter terms of trade index (2015 = 100) — 148.8 (2024)
• Export volume index (2015 = 100) — 105.3 (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 import volume index (2015 = 100)?

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

How has it changed since 2005?

It is up 88.94% from 47.9 in 2005 (3.41% a year on average, compounded). The highest value was 113.8 in 2013 and the lowest 47.9 in 2005.

How does Ghana rank?

163rd highest of 203 economies with data for 2024.

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

In 2024, Ghana's import volume index (2015 = 100) rose 8.5 on 2023 (from 82 to 90.5). Across the 18 yearly changes before that (2006 to 2023), the average change was +1.89 and a typical year strayed about 9.63 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.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator TM.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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