Ghana Current Account Balance: % of GDP
2006 - 2024 | Quarterly | % | CEIC Data
Key information about Ghana Current Account Balance: % of GDP
- Ghana Current Account surplus accounted for 5.6 % of the country's Nominal GDP in Jun 2024, compared with a 1.3 % surplus in the previous quarter.
- Ghana Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 2006 to Jun 2024, with an average value of -5.7 %.
- The data reached an all-time high of 5.6 % in Jun 2024 and a record low of -18.1 % in Dec 2011.
CEIC calculates quarterly Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The Bank of Ghana provides Current Account Balance in USD based on BPM5. Ghana Statistical Service provides Nominal GDP in local currency based on SNA 2008. The Bank of Ghana average market exchange rate is used for currency conversions. Current Account Balance as % of Nominal GDP prior to Q1 2013 is calculated from Current Account Balance based on BPM5 and Nominal GDP based on SNA 1993.
Key information about Ghana Current Account Balance: % of GDP
- In the latest reports of Ghana, Current Account recorded a surplus of 998.5 USD mn in Jun 2024.
- Foreign Direct Investment (FDI) increased by 380.3 USD mn in Mar 2024.
- Ghana Direct Investment Abroad fell by 4.7 USD mn in Mar 2024.
- Its Foreign Portfolio Investment fell by 308.1 USD mn in Dec 2021.
- The country's Nominal GDP was reported at 17.9 USD bn in Jun 2024.
View Ghana's Current Account Balance: % of GDP from Mar 2006 to Jun 2024 in the chart:
What was Ghana's Current Account Balance: % of GDP in Jun 2024?
Ghana Current Account surplus accounted for 5.6 % of the country's Nominal GDP in Jun 2024, compared with a 1.3 % surplus in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 5.6 Jun 2024 | 1.3 Mar 2024 | -18.1 Dec 2011 | 5.6 Jun 2024 | % | quarterly | Mar 2006 - Jun 2024 |
Current Account Balance: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | -3.3 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Algeria (%) | 0.3 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
| Argentina (%) | 2.3 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Armenia (%) | -2.9 Jun 2024 | quarterly | Dec 1994 - Jun 2024 |
| Australia (%) | -1.6 Jun 2024 | quarterly | Sep 1959 - Jun 2024 |
| Austria (%) | 0.6 Jun 2024 | quarterly | Mar 1970 - Jun 2024 |
| Azerbaijan (%) | 4.9 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| Bahrain (%) | 15.2 Dec 2022 | quarterly | Mar 2018 - Dec 2022 |
| Bangladesh (%) | 0.9 2024 | yearly | 1998 - 2024 |
| Belarus (%) | 2.5 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Belgium (%) | -1.8 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Bolivia (%) | 0.4 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| Bosnia and Herzegovina (%) | -3.9 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Botswana (%) | -5.0 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Brazil (%) | -3.4 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Brunei (%) | -20.4 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
| Bulgaria (%) | -1.3 Jun 2024 | quarterly | Sep 1999 - Jun 2024 |
| Cambodia (%) | -5.0 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Canada (%) | -1.1 Jun 2024 | quarterly | Mar 1957 - Jun 2024 |
| Chile (%) | -2.3 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| China (%) | 1.2 Jun 2024 | quarterly | Mar 1998 - Jun 2024 |
| Colombia (%) | -1.6 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Croatia (%) | -5.7 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Cyprus (%) | -11.3 Mar 2024 | quarterly | Mar 2008 - Mar 2024 |
| Czech Republic (%) | -0.2 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Denmark (%) | 13.6 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| Ecuador (%) | 7.9 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Egypt (%) | 1.3 Dec 2022 | quarterly | Sep 2001 - Dec 2022 |
| Estonia (%) | 0.3 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| European Union (%) | 2.8 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Finland (%) | -2.9 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| France (%) | -0.7 Sep 2024 | quarterly | Mar 1997 - Sep 2024 |
| Georgia (%) | -7.3 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Germany (%) | 5.3 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
| Ghana (%) | 5.6 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
| Greece (%) | -7.9 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Hong Kong SAR, China (%) | 13.3 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Hungary (%) | 3.7 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Iceland (%) | -2.7 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| India (%) | -1.1 Jun 2024 | quarterly | Jun 2004 - Jun 2024 |
| Indonesia (%) | 0.9 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
| Iran (%) | 0.6 2023 | yearly | 1997 - 2023 |
| Ireland (%) | 28.4 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Israel (%) | 3.3 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Italy (%) | 1.6 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
| Ivory Coast (%) | -6.3 2022 | yearly | 1975 - 2022 |
| Japan (USD mn) | 14,232.0 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
| Jordan (%) | -7.0 Jun 2024 | quarterly | Mar 1992 - Jun 2024 |
| Kazakhstan (%) | -2.5 Dec 2023 | quarterly | Dec 1997 - Dec 2023 |
| Kenya (%) | -2.5 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
| South Korea (USD mn) | 6,703.9 Aug 2024 | monthly | Jan 1980 - Aug 2024 |
| Kosovo (%) | -15.4 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Kuwait (%) | 27.9 Mar 2024 | quarterly | Mar 2012 - Mar 2024 |
| Kyrgyzstan (%) | -60.7 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| Laos (%) | 2.7 2023 | yearly | 1984 - 2023 |
| Latvia (%) | -1.7 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| Lebanon (%) | -2.8 2021 | yearly | 2002 - 2021 |
| Lithuania (%) | 3.2 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Luxembourg (%) | 12.0 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Macau SAR, China (%) | 36.0 2023 | yearly | 2002 - 2023 |
| North Macedonia (%) | -3.2 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Malawi (%) | -14.2 2021 | yearly | 1977 - 2021 |
| Malaysia (%) | 0.6 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Malta (%) | 7.4 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Mauritius (%) | -6.3 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Mexico (%) | 0.7 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Moldova (%) | -16.6 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Mongolia (%) | -5.4 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Montenegro (%) | -22.8 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Morocco (%) | -3.6 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
| Mozambique (%) | -11.6 2023 | yearly | 1980 - 2023 |
| Nepal (%) | 3.9 2024 | yearly | 2001 - 2024 |
| Netherlands (%) | 8.4 Jun 2024 | quarterly | Mar 1987 - Jun 2024 |
| New Zealand (%) | -6.9 Jun 2024 | quarterly | Jun 1987 - Jun 2024 |
| Nigeria (%) | 11.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
| Norway (%) | 17.9 Jun 2024 | quarterly | Mar 1981 - Jun 2024 |
| Oman (%) | -4.9 2021 | yearly | 1980 - 2021 |
| Pakistan (%) | -0.5 2024 | yearly | 1977 - 2024 |
| Palestinian Territory (%) | -16.1 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
| Panama (%) | 2.2 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Paraguay (%) | 0.3 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Peru (%) | 2.4 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| Philippines (%) | -4.3 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
| Poland (%) | 0.3 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Portugal (%) | 1.5 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Qatar (%) | 13.1 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
| Romania (%) | -9.2 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Russia (%) | 3.4 Jun 2024 | quarterly | Mar 1994 - Jun 2024 |
| Saudi Arabia (%) | 1.6 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
| Serbia (%) | -4.2 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Singapore (%) | 19.2 Jun 2024 | quarterly | Mar 1986 - Jun 2024 |
| Slovakia (%) | -1.3 Jun 2024 | quarterly | Mar 1997 - Jun 2024 |
| Slovenia (%) | 4.4 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| South Africa (%) | -0.9 Jun 2024 | quarterly | Mar 1960 - Jun 2024 |
| Spain (%) | 3.3 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
| Sri Lanka (%) | 1.9 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| Sudan (%) | -8.5 2021 | yearly | 1977 - 2021 |
| Sweden (%) | 9.4 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
| Switzerland (%) | 9.6 Jun 2024 | quarterly | Mar 1983 - Jun 2024 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -3.5 Jun 2024 | quarterly | Dec 2008 - Jun 2024 |
| Consolidated Fiscal Balance (USD mn) | -305.529 Jun 2024 | monthly | Jan 2008 - Jun 2024 |
| Tax Revenue (USD mn) | 776.284 Jun 2024 | monthly | Jan 2008 - Jun 2024 |
| Tax Revenue: % of GDP (%) | 13.9 Jun 2022 | quarterly | Mar 2008 - Jun 2022 |
| Government Debt: % of GDP (%) | 72.3 2023 | yearly | 2006 - 2023 |
| Forecast: Government Expenditure (GHS bn) | 408.854 2029 | yearly | 1980 - 2029 |
| Forecast: Government Net Debt (GHS bn) | 1,296.452 2029 | yearly | 1990 - 2029 |
| Forecast: Government Revenue (GHS bn) | 349.498 2029 | yearly | 1982 - 2029 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 4.394 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | 659.7 Aug 2024 | monthly | Mar 2005 - Aug 2024 |
| Total Exports (USD mn) | 1,890.3 Aug 2024 | monthly | Jan 2010 - Aug 2024 |
| Total Exports Growth (%) | 52.8 Aug 2024 | monthly | Jan 2011 - Aug 2024 |
| Aluminum: Exports (USD th) | 103,616.725 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 7,139.214 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 1,273.109 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 1,230.6 Aug 2024 | monthly | Mar 2005 - Aug 2024 |
| Total Imports Growth (%) | 5.9 Aug 2024 | monthly | Mar 2006 - Aug 2024 |
| Imports: Medicament (USD th) | 204,070.187 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 67,696.289 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 45.264 Jul 2024 | monthly | Feb 1985 - Jul 2024 |
| Total Imports from USA (USD mn) | 78.783 Jul 2024 | monthly | Jun 1995 - Jul 2024 |
| Total Exports to China (USD mn) | 144.855 Jul 2024 | monthly | May 1995 - Jul 2024 |
| Total Imports from China (USD mn) | 311.759 Jul 2024 | monthly | Jun 1986 - Jul 2024 |
| Export Value Index (2015=100) | 142.693 2021 | yearly | 1980 - 2021 |
| Export Volume Index (2015=100) | 97.296 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 101.215 2021 | yearly | 1980 - 2021 |
| Import Volume Index (2015=100) | 84.815 2021 | yearly | 1980 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 24.3 Aug 2024 | monthly | Dec 2005 - Aug 2024 |
| Non-Performing Loans (USD mn) | 1,397.674 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Money Supply M1 (USD mn) | 9,298.488 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| Money Supply M2 (USD mn) | 13,953.808 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| M2 Growth (%) | 35.6 Jun 2024 | quarterly | Mar 1991 - Jun 2024 |
| Foreign Exchange Reserves (USD mn) | 3,368.9 Jan 2024 | monthly | Jan 1965 - Jan 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 3.820 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.4 Jan 2024 | monthly | Mar 2005 - Jan 2024 |
| Gold Reserves (Metric Ton) | 1,000.000 2023 | yearly | 2008 - 2023 |
| Total Deposits (USD mn) | 16,526.320 Aug 2024 | monthly | Jan 1999 - Aug 2024 |
| Total Deposits Growth (%) | 34.0 Aug 2024 | monthly | Jan 2000 - Aug 2024 |
| Domestic Credit (USD mn) | 18,587.4 Apr 2024 | monthly | Jan 1967 - Apr 2024 |
| Domestic Credit Growth (%) | -5.2 Apr 2024 | monthly | Jan 1968 - Apr 2024 |
| Total Loans (USD mn) | 5,706.251 Aug 2024 | monthly | Jan 1999 - Aug 2024 |
| Total Loans Growth (%) | 19.67 Aug 2024 | monthly | Jan 2000 - Aug 2024 |
| Private Debt: % of Nominal GDP (%) | 8.63 Mar 2024 | quarterly | Dec 2013 - Mar 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (%) | 14.4 Aug 2024 | monthly | Dec 2013 - Aug 2024 |
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BPM6: Balance of Payments: Detailed Presentation: Annual
Businesses Registered Statistics
External Debt: Amortization
External Debt: Commitments and Currency Composition
External Debt: Disbursements and Interest Payment
External Debt: Terms and Undisbursed Debt
Balance of Payments: Capital and Financial Account
BPM6: Balance of Payments: Analytical Presentation
BPM6: Balance of Payments: Detailed Presentation
BPM6: International Investment Position: Annual
Company Statistics
External Debt: Arrears and Reschedulings
External Debt: Debt Outstanding, Debt Ratio and Debt Service
External Debt: Net Flows and Net Transfers
Investment Statistics