Ghana Current Account Balance: % of GDP

2006 - 2022 | Quarterly | % | CEIC Data

Key information about Ghana Current Account Balance: % of GDP

  • Ghana Current Account deficit accounted for 1.9 % of the country's Nominal GDP in Mar 2022, compared with a 3.1 % deficit in the previous quarter.
  • Ghana Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 2006 to Mar 2022, with an average value of -6.2 %.
  • The data reached an all-time high of 4.6 % in Mar 2006 and a record low of -17.7 % 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 deficit of 690.6 USD mn in Jun 2022.
  • Foreign Direct Investment (FDI) increased by 346.9 USD mn in Dec 2020.
  • Ghana Direct Investment Abroad remained the same 0.0 USD mn in Dec 2020.
  • Its Foreign Portfolio Investment fell by 69.8 USD mn in Dec 2020.
  • The country's Nominal GDP was reported at 21.6 USD bn in Mar 2022.

View Ghana's Current Account Balance: % of GDP from Mar 2006 to Mar 2022 in the chart:

Ghana Current Account Balance: % of GDP

What was Ghana's Current Account Balance: % of GDP in Mar 2022?

Ghana Current Account deficit accounted for 1.9 % of the country's Nominal GDP in Mar 2022, compared with a 3.1 % deficit in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-1.9 Mar 2022 -3.1 Dec 2021 -17.7 Dec 2011 4.6 Mar 2006 % quarterly Mar 2006 - Mar 2022

Current Account Balance: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) -5.8 Mar 2022 quarterly Mar 2008 - Mar 2022
Algeria (%) -3.8 Sep 2021 quarterly Mar 2007 - Sep 2021
Argentina (%) -0.8 Mar 2022 quarterly Mar 2004 - Mar 2022
Armenia (%) -9.3 Mar 2022 quarterly Dec 1994 - Mar 2022
Australia (%) 3.0 Jun 2022 quarterly Sep 1959 - Jun 2022
Austria (%) 1.1 Mar 2022 quarterly Mar 1970 - Mar 2022
Azerbaijan (%) 22.5 Mar 2022 quarterly Mar 2013 - Mar 2022
Bahrain (%) 15.0 Mar 2022 quarterly Mar 2018 - Mar 2022
Bangladesh (%) -3.8 2022 yearly 1998 - 2022
Belarus (%) -8.0 Mar 2022 quarterly Mar 1996 - Mar 2022
Belgium (%) -0.6 Mar 2022 quarterly Mar 1995 - Mar 2022
Bolivia (%) -1.4 Dec 2021 quarterly Mar 1990 - Dec 2021
Bosnia and Herzegovina (%) -4.9 Mar 2022 quarterly Mar 2008 - Mar 2022
Botswana (%) 2.7 Mar 2022 quarterly Mar 2004 - Mar 2022
Brazil (%) -3.0 Mar 2022 quarterly Mar 1995 - Mar 2022
Brunei (%) -20.4 Dec 2020 quarterly Mar 2013 - Dec 2020
Bulgaria (%) 6.3 Jun 2022 quarterly Sep 1999 - Jun 2022
Cambodia (%) -34.4 Mar 2022 quarterly Mar 2010 - Mar 2022
Canada (%) 0.4 Jun 2022 quarterly Mar 1957 - Jun 2022
Chile (%) -8.5 Jun 2022 quarterly Mar 1996 - Jun 2022
China (%) 1.8 Jun 2022 quarterly Mar 1998 - Jun 2022
Colombia (%) -5.7 Jun 2022 quarterly Mar 1996 - Jun 2022
Croatia (%) -16.9 Mar 2022 quarterly Mar 1995 - Mar 2022
Cyprus (%) -17.7 Mar 2022 quarterly Mar 2008 - Mar 2022
Czech Republic (%) -4.6 Jun 2022 quarterly Mar 1995 - Jun 2022
Denmark (%) 13.1 Jun 2022 quarterly Mar 1990 - Jun 2022
Ecuador (%) 2.8 Mar 2022 quarterly Mar 1993 - Mar 2022
Egypt (%) -5.3 Jun 2021 quarterly Sep 2001 - Jun 2021
Estonia (%) -0.3 Jun 2022 quarterly Mar 2000 - Jun 2022
European Union (%) -0.2 Mar 2022 quarterly Mar 1999 - Mar 2022
Finland (%) -6.7 Jun 2022 quarterly Mar 1990 - Jun 2022
France (%) -2.3 Jun 2022 quarterly Mar 1997 - Jun 2022
Georgia (%) -13.0 Mar 2022 quarterly Mar 1996 - Mar 2022
Germany (%) 3.3 Jun 2022 quarterly Mar 1991 - Jun 2022
Ghana (%) -1.9 Mar 2022 quarterly Mar 2006 - Mar 2022
Greece (%) -8.4 Jun 2022 quarterly Mar 2000 - Jun 2022
Hong Kong SAR, China (%) 11.6 Mar 2022 quarterly Mar 1999 - Mar 2022
Hungary (%) -5.4 Mar 2022 quarterly Mar 1995 - Mar 2022
Iceland (%) -4.3 Jun 2022 quarterly Mar 1995 - Jun 2022
India (%) -1.5 Mar 2022 quarterly Jun 2004 - Mar 2022
Indonesia (%) 1.1 Jun 2022 quarterly Mar 1993 - Jun 2022
Iran (%) -0.1 2021 yearly 1997 - 2021
Ireland (%) 14.6 Mar 2022 quarterly Mar 1995 - Mar 2022
Israel (%) 3.5 Mar 2022 quarterly Mar 1995 - Mar 2022
Italy (%) -1.5 Mar 2022 quarterly Mar 1980 - Mar 2022
Ivory Coast (%) -3.9 2021 yearly 1975 - 2021
Japan (USD mn) -4,601.0 Jul 2022 monthly Jan 1996 - Jul 2022
Jordan (%) -12.2 Mar 2022 quarterly Mar 1992 - Mar 2022
Kazakhstan (%) 5.8 Mar 2022 quarterly Dec 1997 - Mar 2022
Kenya (%) -4.0 Mar 2022 quarterly Mar 2009 - Mar 2022
South Korea (USD mn) -1,725.8 Jul 2022 monthly Jan 1980 - Jul 2022
Kosovo (%) -17.7 Mar 2022 quarterly Mar 2010 - Mar 2022
Kuwait (%) 0.5 Dec 2020 quarterly Mar 2012 - Dec 2020
Kyrgyzstan (%) -64.6 Mar 2022 quarterly Mar 2000 - Mar 2022
Laos (%) 2.3 2021 yearly 1984 - 2021
Latvia (%) -9.6 Jun 2022 quarterly Mar 1995 - Jun 2022
Lebanon (%) -4.7 2020 yearly 2002 - 2020
Lithuania (%) -6.7 Mar 2022 quarterly Mar 1993 - Mar 2022
Luxembourg (%) 2.3 Mar 2022 quarterly Mar 1995 - Mar 2022
Macau SAR, China (%) 15.2 2020 yearly 2002 - 2020
North Macedonia (%) -7.2 Jun 2022 quarterly Mar 2000 - Jun 2022
Malawi (%) -12.0 2020 yearly 1977 - 2020
Malaysia (%) 1.0 Jun 2022 quarterly Mar 2000 - Jun 2022
Malta (%) -0.4 Mar 2022 quarterly Mar 1995 - Mar 2022
Mauritius (%) -11.6 Mar 2022 quarterly Mar 2007 - Mar 2022
Mexico (%) -0.2 Jun 2022 quarterly Mar 1993 - Jun 2022
Moldova (%) -17.1 Mar 2022 quarterly Mar 1995 - Mar 2022
Mongolia (%) -20.2 Jun 2022 quarterly Mar 2000 - Jun 2022
Montenegro (%) -17.9 Mar 2022 quarterly Mar 2010 - Mar 2022
Morocco (%) -5.0 Mar 2022 quarterly Mar 2014 - Mar 2022
Mozambique (%) -23.6 2021 yearly 1980 - 2021
Nepal (%) -12.8 2022 yearly 2001 - 2022
Netherlands (%) 9.0 Mar 2022 quarterly Mar 1987 - Mar 2022
New Zealand (%) -9.4 Mar 2022 quarterly Jun 1987 - Mar 2022
Nigeria (%) 2.4 Mar 2022 quarterly Mar 2008 - Mar 2022
Norway (%) 22.3 Jun 2022 quarterly Mar 1981 - Jun 2022
Oman (%) -11.7 2020 yearly 1980 - 2020
Pakistan (%) -4.6 2022 yearly 1977 - 2022
Palestinian Territory (%) -12.7 Mar 2022 quarterly Mar 2011 - Mar 2022
Panama (%) -1.7 Mar 2022 quarterly Mar 2007 - Mar 2022
Paraguay (%) -7.7 Mar 2022 quarterly Mar 2000 - Mar 2022
Peru (%) -4.6 Jun 2022 quarterly Mar 1980 - Jun 2022
Philippines (%) -5.0 Mar 2022 quarterly Mar 1981 - Mar 2022
Poland (%) -4.2 Jun 2022 quarterly Mar 2000 - Jun 2022
Portugal (%) -2.7 Mar 2022 quarterly Mar 1996 - Mar 2022
Qatar (%) 18.9 Mar 2022 quarterly Mar 2011 - Mar 2022
Romania (%) -9.6 Jun 2022 quarterly Mar 1995 - Jun 2022
Russia (%) 16.9 Mar 2022 quarterly Mar 1994 - Mar 2022
Saudi Arabia (%) 14.8 Mar 2022 quarterly Mar 2006 - Mar 2022
Serbia (%) -10.0 Jun 2022 quarterly Mar 2007 - Jun 2022
Singapore (%) 18.8 Jun 2022 quarterly Mar 1986 - Jun 2022
Slovakia (%) -8.5 Mar 2022 quarterly Mar 1997 - Mar 2022
Slovenia (%) 0.0 Jun 2022 quarterly Mar 1995 - Jun 2022
South Africa (%) 2.4 Mar 2022 quarterly Mar 1960 - Mar 2022
Spain (%) 0.7 Jun 2022 quarterly Mar 1980 - Jun 2022
Sri Lanka (%) -5.4 Mar 2022 quarterly Mar 2002 - Mar 2022
Sudan (%) -8.0 2020 yearly 1977 - 2020
Sweden (%) 2.4 Jun 2022 quarterly Mar 1980 - Jun 2022
Switzerland (%) 10.1 Mar 2022 quarterly Mar 1983 - Mar 2022

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Ghana Key Series

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Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -9.2 Mar 2022 quarterly Dec 2008 - Mar 2022
Consolidated Fiscal Balance (USD mn) -522.282 Jun 2022 monthly Jan 2008 - Jun 2022
Tax Revenue (USD mn) 768.478 Mar 2022 monthly Jan 2008 - Mar 2022
Tax Revenue: % of GDP (%) 9.2 Mar 2022 quarterly Mar 2008 - Mar 2022
Government Debt: % of GDP (%) 80.1 2021 yearly 2006 - 2021
Forecast: Government Expenditure (GHS bn) 234.411 2027 yearly 1980 - 2027
Forecast: Government Net Debt (GHS bn) 885.914 2027 yearly 1990 - 2027
Forecast: Government Revenue (GHS bn) 162.850 2027 yearly 1982 - 2027
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 20.464 2027 yearly 1980 - 2027
Trade Balance (USD mn) 131.1 Jun 2022 monthly Mar 2005 - Jun 2022
Total Exports (USD mn) 1,584.7 Jun 2022 monthly Jan 2010 - Jun 2022
Total Exports Growth (%) 32.3 Jun 2022 monthly Jan 2011 - Jun 2022
Aluminum: Exports (USD th) 118,446.335 2021 yearly 1995 - 2021
Exports: Medicament (USD th) 8,890.714 2021 yearly 1995 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 706.787 2021 yearly 1995 - 2021
Total Imports (USD mn) 1,453.6 Jun 2022 monthly Mar 2005 - Jun 2022
Total Imports Growth (%) 30.9 Jun 2022 monthly Mar 2006 - Jun 2022
Imports: Medicament (USD th) 237,263.348 2021 yearly 1995 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 74,157.525 2021 yearly 1995 - 2021
Total Exports to USA (USD mn) 37.920 May 2022 monthly Feb 1985 - May 2022
Total Imports from USA (USD mn) 140.997 May 2022 monthly Jun 1995 - May 2022
Total Exports to China (USD mn) 310.973 May 2022 monthly May 1995 - May 2022
Total Imports from China (USD mn) 205.646 May 2022 monthly Jun 1986 - May 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 0.0 Dec 2020 quarterly Mar 2011 - Dec 2020
Current Account Balance (USD mn) -690.6 Jun 2022 quarterly Mar 2005 - Jun 2022
Current Account Balance: % of GDP (%) -1.9 Mar 2022 quarterly Mar 2006 - Mar 2022
Foreign Direct Investment (USD mn) 346.9 Dec 2020 quarterly Mar 2011 - Dec 2020
Foreign Direct Investment: % of GDP (%) 1.9 Dec 2020 quarterly Mar 2011 - Dec 2020
Foreign Portfolio Investment (USD mn) -69.820 Dec 2020 quarterly Mar 2011 - Dec 2020
Foreign Portfolio Investment: % of GDP (%) -0.4 Dec 2020 quarterly Mar 2011 - Dec 2020
Foreign Portfolio Investment: Equity Securities (USD mn) 18.1 2010 yearly 1975 - 2010
Foreign Portfolio Investment: Debt Securities (USD mn) -69.820 Dec 2020 quarterly Mar 2011 - Dec 2020
External Debt (USD mn) 28,100.0 Jun 2022 monthly Jan 2012 - Jun 2022
External Debt: % of GDP (%) 35.6 2021 yearly 1999 - 2021
Forecast: Current Account Balance (USD bn) -3.522 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) -23,540.367 2021 yearly 2006 - 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 14.1 Jun 2022 monthly Dec 2005 - Jun 2022
Non-Performing Loans (USD mn) 1,357.152 Dec 2021 quarterly Mar 2008 - Dec 2021
Money Supply M1 (USD mn) 9,690.208 Mar 2022 quarterly Mar 1990 - Mar 2022
Money Supply M2 (USD mn) 14,911.123 Mar 2022 quarterly Mar 1990 - Mar 2022
M2 Growth (%) 13.8 Mar 2022 quarterly Mar 1991 - Mar 2022
Foreign Exchange Reserves (USD mn) 5,867.6 Jun 2022 monthly Jan 1965 - Jun 2022
Foreign Exchange Reserves: % of GDP (%) 9.318 Mar 2022 quarterly Dec 2006 - Mar 2022
Foreign Exchange Reserves: Months of Import (NA) 4.0 Jun 2022 monthly Mar 2005 - Jun 2022
Gold Reserves (Metric Ton) 1,000.000 2021 yearly 2008 - 2021
Total Deposits (USD mn) 17,591.475 Mar 2022 monthly Dec 2004 - Mar 2022
Total Deposits Growth (%) 20.0 Mar 2022 monthly Dec 2005 - Mar 2022
Domestic Credit (USD mn) 25,818.0 Feb 2022 monthly Jan 1967 - Feb 2022
Domestic Credit Growth (%) 24.9 Feb 2022 monthly Jan 1968 - Feb 2022
Total Loans (USD mn) 8,294.334 Mar 2022 monthly Dec 2011 - Mar 2022
Total Loans Growth (%) 24.64 Mar 2022 monthly Dec 2012 - Mar 2022
Private Debt: % of Nominal GDP (%) 10.26 Dec 2021 quarterly Dec 2013 - Dec 2021
Business and Economic Survey Last Frequency Range
Business Confidence Growth (%) -17.2 Jun 2022 monthly Dec 2013 - Jun 2022

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