Ghana's net secondary income (net current transfers from abroad) (current LCU) was 12.07 billion in 2017, the latest year in the World Bank's World Development Indicators. That is up 531.82% from 1.91 billion in 2007 (20.24% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 12.07 billion | 2017 |
| Five years earlier | 4.32 billion | 2012 |
| Ten years earlier | 1.91 billion | 2007 |
| Highest | 12.24 billion | 2016 |
| Lowest | -8,200 | 1983 |
| Average since 2008 | 6.05 billion | 2008–2017 |
| First recorded | -1,300 |
What the numbers say
In 2017, Ghana's net secondary income (net current transfers from abroad) (current LCU) fell 165.77 million on 2016 (from 12.24 billion to 12.07 billion).
Across the 30 yearly changes before that (1987 to 2016), the average change was +407.95 million and a typical year strayed about 875.89 million from that (the standard deviation). This year's change was 0.7 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 3.71 billion in 2015 and the biggest yearly fall was 529.62 million 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 2008 to 2017 the straight-line trend is upward, about 1.15 billion a year. A straight line explains 83% 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.
Closest to Ghana in the 2017 ranking
- Central African Republic — 1st of 2: 94.6 billion
What this measures
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 51 values
| Year | Net secondary income (net current transfers from abroad) (current LCU) |
|---|---|
| 2017 | 12,073,272,300 |
| 2016 | 12,239,038,400 |
| 2015 | 9,600,451,300 |
| 2014 | 5,895,029,300 |
| 2013 | 3,789,859,700 |
| 2012 | 4,319,482,600 |
| 2011 | 3,926,775,100 |
| 2010 | 3,322,255,500 |
| 2009 | 2,947,851,700 |
| 2008 | 2,339,449,500 |
Net secondary income (net current transfers from abroad) (current LCU) in nearby economies
- Angola — -364.31 billion (2025)
- Benin — 178.36 billion (2025)
- Botswana — 28 billion (2024)
- Burkina Faso — 460.81 billion (2022)
- Burundi — 1.5 trillion (2025)
- Cabo Verde — 48.85 billion (2025)
- Cameroon — 571.2 billion (2025)
- Central African Republic — 94.6 billion (2017)
- Chad
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 net secondary income (net current transfers from abroad) (current LCU)?
- 12.07 billion in 2017, according to the World Bank (World Development Indicators).
- How has it changed since 1967?
- It is up 928.71 million% from -1,300 in 1967. The highest value was 12.24 billion in 2016 and the lowest -8,200 in 1983.
- Is the latest change in net secondary income (net current transfers from abroad) (current LCU) unusual for Ghana?
- In 2017, Ghana's net secondary income (net current transfers from abroad) (current LCU) fell 165.77 million on 2016 (from 12.24 billion to 12.07 billion). Across the 30 yearly changes before that (1987 to 2016), the average change was +407.95 million and a typical year strayed about 875.89 million from that (the standard deviation). This year's change was 0.7 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 NY.TRF.NCTR.CN, 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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