Ghana Current Account Balance: % of GDP

2006 - 2020 | Quarterly | % | CEIC Data

Key information about Ghana`s Current Account Balance: % of GDP

  • Ghana Current Account deficit accounted for 4.1 % of the country's Nominal GDP in Sep 2020, compared with a 3.9 % deficit in the previous quarter.
  • Ghana Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 2006 to Sep 2020, with an average value of -6.6 %.
  • 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`s Current Account Balance: % of GDP

  • In the latest reports of Ghana, Current Account recorded a deficit of 709.3 USD mn in Sep 2020.
  • Foreign Direct Investment (FDI) increased by 838.4 USD mn in Dec 2019.
  • Ghana Direct Investment Abroad expanded by 2.8 USD mn in Dec 2019.
  • Its Foreign Portfolio Investment fell by 26.5 USD mn in Dec 2019.
  • The country's Nominal GDP was reported at 17.8 USD bn in Dec 2020.

View Ghana's Current Account Balance: % of GDP from Mar 2006 to Sep 2020 in the chart:

Ghana Current Account Balance: % of GDP

What was Ghana's Current Account Balance: % of GDP in Sep 2020?

Ghana Current Account deficit accounted for 4.1 % of the country's Nominal GDP in Sep 2020, compared with a 3.9 % deficit in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-4.1 Sep 2020 -3.9 Jun 2020 -17.7 Dec 2011 4.6 Mar 2006 % quarterly Mar 2006 - Sep 2020

Current Account Balance: % of GDP by Country Comparison

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Includes Current Account Balance: % of GDP on 115 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) -6.2 Jun 2021 quarterly Mar 2008 - Jun 2021
Algeria (%) -6.9 Dec 2019 quarterly Mar 2007 - Dec 2019
Argentina (%) 2.3 Jun 2021 quarterly Mar 2004 - Jun 2021
Armenia (%) -1.3 Jun 2021 quarterly Dec 1994 - Jun 2021
Australia (%) 3.8 Jun 2021 quarterly Sep 1959 - Jun 2021
Austria (%) -1.4 Jun 2021 quarterly Mar 1970 - Jun 2021
Azerbaijan (%) 10.0 Jun 2021 quarterly Mar 2013 - Jun 2021
Bahrain (%) -7.5 Dec 2020 quarterly Mar 2018 - Dec 2020
Bangladesh (%) -1.1 2021 yearly 1998 - 2021
Belarus (%) 6.7 Jun 2021 quarterly Mar 1996 - Jun 2021
Belgium (%) 3.3 Jun 2021 quarterly Mar 1995 - Jun 2021
Bolivia (%) 3.6 Jun 2021 quarterly Mar 1990 - Jun 2021
Bosnia and Herzegovina (%) -4.5 Jun 2021 quarterly Mar 2008 - Jun 2021
Botswana (%) 9.9 Mar 2021 quarterly Mar 2004 - Mar 2021
Brazil (%) 2.7 Jun 2021 quarterly Mar 1995 - Jun 2021
Brunei (%) -20.4 Dec 2020 quarterly Mar 2013 - Dec 2020
Bulgaria (%) -1.0 Jun 2021 quarterly Sep 1999 - Jun 2021
Cambodia (%) -29.0 Dec 2020 quarterly Mar 2010 - Dec 2020
Canada (%) 0.6 Jun 2021 quarterly Mar 1957 - Jun 2021
Chile (%) -3.3 Jun 2021 quarterly Mar 1996 - Jun 2021
China (%) 1.2 Jun 2021 quarterly Mar 1998 - Jun 2021
Colombia (%) -6.3 Jun 2021 quarterly Mar 1996 - Jun 2021
Croatia (%) -5.9 Jun 2021 quarterly Mar 1995 - Jun 2021
Cyprus (%) -11.3 Jun 2021 quarterly Mar 2008 - Jun 2021
Czech Republic (%) 1.8 Jun 2021 quarterly Mar 1995 - Jun 2021
Denmark (%) 8.7 Jun 2021 quarterly Mar 1990 - Jun 2021
Ecuador (%) 4.4 Jun 2021 quarterly Mar 1993 - Jun 2021
Egypt (%) -5.3 Jun 2021 quarterly Sep 2001 - Jun 2021
Estonia (%) -11.3 Dec 2020 quarterly Mar 2000 - Dec 2020
European Union (%) 2.7 Jun 2021 quarterly Mar 1999 - Jun 2021
Finland (%) 0.4 Jun 2021 quarterly Mar 1990 - Jun 2021
France (%) -1.0 Jun 2021 quarterly Mar 1997 - Jun 2021
Georgia (%) -8.0 Jun 2021 quarterly Mar 1996 - Jun 2021
Germany (%) 7.7 Dec 2020 quarterly Mar 1991 - Dec 2020
Ghana (%) -4.1 Sep 2020 quarterly Mar 2006 - Sep 2020
Greece (%) -10.7 Jun 2021 quarterly Mar 2000 - Jun 2021
Hong Kong SAR, China (%) 10.1 Jun 2021 quarterly Mar 1999 - Jun 2021
Hungary (%) -1.8 Jun 2021 quarterly Mar 1995 - Jun 2021
Iceland (%) -3.9 Jun 2021 quarterly Mar 1995 - Jun 2021
India (%) 0.9 Jun 2021 quarterly Jun 2004 - Jun 2021
Indonesia (%) -0.8 Jun 2021 quarterly Mar 1993 - Jun 2021
Iran (%) 0.6 2020 yearly 1997 - 2020
Ireland (%) 14.9 Jun 2021 quarterly Mar 1995 - Jun 2021
Israel (%) 6.3 Jun 2021 quarterly Mar 1995 - Jun 2021
Italy (%) 3.7 Jun 2021 quarterly Mar 1980 - Jun 2021
Ivory Coast (%) -3.4 2020 yearly 1975 - 2020
Japan (USD mn) 9,491.0 Aug 2021 monthly Jan 1996 - Aug 2021
Jordan (%) -15.5 Jun 2021 quarterly Mar 1992 - Jun 2021
Kazakhstan (%) -3.8 Mar 2021 quarterly Dec 1997 - Mar 2021
Kenya (%) -5.4 Sep 2020 quarterly Mar 2009 - Sep 2020
South Korea (USD mn) 9,261.4 Feb 2021 monthly Jan 1980 - Feb 2021
Kosovo (%) -15.2 Jun 2021 quarterly Mar 2010 - Jun 2021
Kuwait (%) 31.3 Sep 2020 quarterly Mar 2012 - Sep 2020
Kyrgyzstan (%) -22.6 Jun 2021 quarterly Mar 2000 - Jun 2021
Laos (%) -0.6 2020 yearly 1984 - 2020
Latvia (%) -6.5 Jun 2021 quarterly Mar 1995 - Jun 2021
Lebanon (%) -21.2 2019 yearly 2002 - 2019
Lithuania (%) -1.1 Jun 2021 quarterly Mar 1993 - Jun 2021
Luxembourg (%) 3.6 Jun 2021 quarterly Mar 1995 - Jun 2021
Macau SAR, China (%) 12.2 2020 yearly 2002 - 2020
North Macedonia (%) -4.3 Jun 2021 quarterly Mar 2000 - Jun 2021
Malawi (%) -12.0 2020 yearly 1977 - 2020
Malaysia (%) 3.9 Jun 2021 quarterly Mar 2000 - Jun 2021
Malta (%) -11.0 Jun 2021 quarterly Mar 1995 - Jun 2021
Mauritius (%) -18.5 Jun 2021 quarterly Mar 2007 - Jun 2021
Mexico (%) 1.9 Jun 2021 quarterly Mar 1993 - Jun 2021
Moldova (%) -15.7 Jun 2021 quarterly Mar 1995 - Jun 2021
Mongolia (%) -17.6 Jun 2021 quarterly Mar 2000 - Jun 2021
Montenegro (%) -21.9 Jun 2021 quarterly Mar 2010 - Jun 2021
Morocco (%) -7.1 Jun 2021 quarterly Mar 2014 - Jun 2021
Mozambique (%) -19.7 2019 yearly 1980 - 2019
Nepal (%) -7.8 2021 yearly 2001 - 2021
Netherlands (%) 10.9 Jun 2021 quarterly Mar 1987 - Jun 2021
New Zealand (%) -3.4 Jun 2021 quarterly Jun 1987 - Jun 2021
Nigeria (%) -3.2 Sep 2020 quarterly Mar 2008 - Sep 2020
Norway (%) 9.8 Jun 2021 quarterly Mar 1981 - Jun 2021
Oman (%) -12.0 2020 yearly 1980 - 2020
Pakistan (%) -0.6 2021 yearly 1977 - 2021
Palestinian Territory (%) -7.2 Dec 2020 quarterly Mar 2011 - Dec 2020
Panama (%) -1.5 Mar 2021 quarterly Mar 2007 - Mar 2021
Paraguay (%) 6.2 Jun 2021 quarterly Mar 2000 - Jun 2021
Peru (%) -3.8 Jun 2021 quarterly Mar 1980 - Jun 2021
Philippines (%) -1.2 Jun 2021 quarterly Mar 1981 - Jun 2021
Poland (%) 0.3 Jun 2021 quarterly Mar 2000 - Jun 2021
Portugal (%) -2.8 Jun 2021 quarterly Mar 1996 - Jun 2021
Qatar (%) 0.2 Dec 2020 quarterly Mar 2011 - Dec 2020
Romania (%) -8.1 Jun 2021 quarterly Mar 1995 - Jun 2021
Russia (%) 4.4 Jun 2021 quarterly Mar 1994 - Jun 2021
Saudi Arabia (%) 6.1 Jun 2021 quarterly Mar 2006 - Jun 2021
Serbia (%) -4.9 Jun 2021 quarterly Mar 2007 - Jun 2021
Singapore (%) 20.2 Jun 2021 quarterly Mar 1986 - Jun 2021
Slovakia (%) -1.5 Jun 2021 quarterly Mar 1997 - Jun 2021
Slovenia (%) 4.0 Jun 2021 quarterly Mar 1995 - Jun 2021
South Africa (%) 5.6 Jun 2021 quarterly Mar 1960 - Jun 2021
Spain (%) 0.9 Jun 2021 quarterly Mar 1980 - Jun 2021
Sri Lanka (%) -5.4 Jun 2021 quarterly Mar 2002 - Jun 2021
Sudan (%) -12.3 2019 yearly 1977 - 2019
Sweden (%) 5.9 Jun 2021 quarterly Mar 1980 - Jun 2021
Switzerland (%) 5.7 Jun 2021 quarterly Mar 1983 - Jun 2021

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Ghana Key Series

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Includes 119 key indicators for Ghana, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.6 Jun 2020 quarterly Dec 2008 - Jun 2020
Consolidated Fiscal Balance (USD mn) -1,074.460 Jun 2020 monthly Jan 2008 - Jun 2020
Tax Revenue (USD mn) 458.822 Jun 2020 monthly Jan 2008 - Jun 2020
Tax Revenue: % of GDP (%) 9.8 Jun 2020 quarterly Mar 2008 - Jun 2020
Government Debt: % of GDP (%) 76.1 2020 yearly 2006 - 2020
Forecast: Government Expenditure (GHS bn) 176.019 2026 yearly 1980 - 2026
Forecast: Government Net Debt (GHS bn) 680.561 2026 yearly 1990 - 2026
Forecast: Government Revenue (GHS bn) 122.228 2026 yearly 1982 - 2026
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.279 2026 yearly 1980 - 2026
Trade Balance (USD mn) 392.3 Dec 2020 monthly Mar 2005 - Dec 2020
Total Exports (USD mn) 1,298.2 Dec 2020 monthly Mar 2005 - Dec 2020
Total Exports Growth (%) -7.6 Dec 2020 monthly Mar 2006 - Dec 2020
Aluminum: Exports (USD th) 78,941.724 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 5,104.971 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 194.656 2020 yearly 1995 - 2020
Total Imports (USD mn) 1,164.3 Mar 2021 monthly Mar 2005 - Mar 2021
Total Imports Growth (%) -7.7 Dec 2020 monthly Mar 2006 - Dec 2020
Imports: Medicament (USD th) 193,659.988 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 65,505.488 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 90.887 Oct 2020 monthly Feb 1985 - Oct 2020
Total Imports from USA (USD mn) 76.976 Jan 2021 monthly Jun 1995 - Jan 2021
Total Exports to China (USD mn) 486.328 Feb 2021 monthly May 1995 - Feb 2021
Total Imports from China (USD mn) 151.945 Feb 2021 monthly Jun 1986 - Feb 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2.8 Dec 2019 quarterly Mar 2011 - Dec 2019
Current Account Balance (USD mn) -709.3 Sep 2020 quarterly Mar 2005 - Sep 2020
Current Account Balance: % of GDP (%) -4.1 Sep 2020 quarterly Mar 2006 - Sep 2020
Foreign Direct Investment (USD mn) 838.4 Dec 2019 quarterly Mar 2011 - Dec 2019
Foreign Direct Investment: % of GDP (%) 5.0 Dec 2019 quarterly Mar 2011 - Dec 2019
Foreign Portfolio Investment (USD mn) -26.500 Dec 2019 quarterly Mar 2011 - Dec 2019
Foreign Portfolio Investment: % of GDP (%) -0.2 Dec 2019 quarterly Mar 2011 - Dec 2019
Foreign Portfolio Investment: Equity Securities (USD mn) 18.1 2010 yearly 1975 - 2010
Foreign Portfolio Investment: Debt Securities (USD mn) -26.500 Dec 2019 quarterly Mar 2011 - Dec 2019
External Debt (USD mn) 24,598.8 Mar 2021 monthly Jan 2012 - Mar 2021
External Debt: % of GDP (%) 34.2 2020 yearly 1999 - 2020
Forecast: Current Account Balance (USD bn) -3.960 2026 yearly 1980 - 2026
Net International Investment Position (USD mn) -27,311.841 2019 yearly 2006 - 2019
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 15.3 Feb 2021 monthly Dec 2005 - Feb 2021
Non-Performing Loans (USD mn) 1,269.750 Sep 2020 quarterly Mar 2008 - Sep 2020
Money Supply M1 (USD mn) 10,559.734 Dec 2020 quarterly Mar 1990 - Dec 2020
Money Supply M2 (USD mn) 16,404.248 Dec 2020 quarterly Mar 1990 - Dec 2020
M2 Growth (%) 35.1 Dec 2020 quarterly Mar 1991 - Dec 2020
Foreign Exchange Reserves (USD mn) 6,884.2 Mar 2021 monthly Jan 1965 - Mar 2021
Foreign Exchange Reserves: % of GDP (%) 9.927 Dec 2020 quarterly Dec 2006 - Dec 2020
Foreign Exchange Reserves: Months of Import (NA) 6.8 Oct 2020 monthly Mar 2005 - Oct 2020
Gold Reserves (Metric Ton) 1,000.000 2020 yearly 2008 - 2020
Total Deposits (USD mn) 17,706.305 Dec 2020 monthly Dec 2004 - Dec 2020
Total Deposits Growth (%) 25.7 Dec 2020 monthly Dec 2005 - Dec 2020
Domestic Credit (USD mn) 23,472.9 Dec 2020 monthly Jan 1967 - Dec 2020
Domestic Credit Growth (%) 48.7 Dec 2020 monthly Jan 1968 - Dec 2020
Total Loans (USD mn) 8,292.948 Dec 2020 monthly Dec 2011 - Dec 2020
Total Loans Growth (%) 5.60 Mar 2021 monthly Dec 2012 - Mar 2021
Private Debt: % of Nominal GDP (%) 9.93 Dec 2020 quarterly Dec 2013 - Dec 2020
Business and Economic Survey Last Frequency Range
Business Confidence Growth (%) -3.5 Feb 2021 monthly Dec 2013 - Feb 2021

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