Ghana External Debt: % of GDP

1999 - 2025 | Yearly | % | CEIC Data

Key information about Ghana External Debt: % of GDP

  • Ghana External Debt accounted for 25.7 % of the country's Nominal GDP in 2025, compared with the ratio of 34.0 % in the previous year.
  • Ghana External Debt: % of Nominal GDP data is updated yearly, available from Dec 1999 to Dec 2025.
  • The data reached an all-time high of 121.7 % in Dec 2000 and a record low of 7.0 % in Dec 2006.

CEIC calculates External Debt as % of Nominal GDP from annual External Debt and quarterly Nominal GDP. The Bank of Ghana provides External Debt 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. External Debt figures only include Public debt. External Debt as % of Nominal GDP prior to 2006 is calculated from Nominal GDP sourced from the World Bank.


Related information about Ghana External Debt: % of GDP

  • In the latest reports of Ghana, Current Account recorded a surplus of 4.7 USD bn in Dec 2025.
  • Foreign Direct Investment (FDI) increased by 451.9 USD mn in Dec 2025.
  • Ghana Direct Investment Abroad expanded by 46.7 USD mn in Dec 2025.
  • Its Foreign Portfolio Investment fell by 61.2 USD mn in Jun 2025.
  • The country's External Debt reached 29,382.3 in Dec 2025.
  • The country's Nominal GDP was reported at 33.5 USD bn in Dec 2025.

View Ghana's External Debt: % of GDP from 1999 to 2025 in the chart:

Ghana External Debt: % of GDP

What was Ghana's External Debt: % of GDP in 2025?

Ghana External Debt accounted for 25.7 % of the country's Nominal GDP in 2025, compared with the ratio of 34.0 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
25.7 2025 34.0 2024 7.0 2006 121.7 2000 % yearly 1999 - 2025

External Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 37.8 2025 yearly 1991 - 2025
Algeria (%) 1.1 2024 yearly 1970 - 2024
Argentina (%) 46.8 2025 yearly 1994 - 2025
Armenia (%) 64.8 2025 yearly 2000 - 2025
Australia (%) 107.6 2025 yearly 1988 - 2025
Austria (%) 154.5 2024 yearly 1997 - 2024
Azerbaijan (%) 14.9 Dec 2021 quarterly Dec 2001 - Dec 2021
Bangladesh (%) 11.4 2017 yearly 1997 - 2017
Belarus (%) 40.7 Dec 2025 quarterly Dec 2000 - Dec 2025
Belgium (%) 242.8 2025 yearly 2007 - 2025
Bolivia (%) 33.0 2024 yearly 2006 - 2024
Bosnia and Herzegovina (%) 16.4 2025 yearly 1999 - 2025
Botswana (%) 7.8 2025 yearly 1995 - 2025
Brazil (%) 29.0 2025 yearly 1992 - 2025
Bulgaria (%) 50.5 2025 yearly 1999 - 2025
Cambodia (%) 45.4 2024 yearly 2010 - 2024
Canada (%) 147.8 2025 yearly 1990 - 2025
Chile (%) 77.6 2025 yearly 1971 - 2025
China (%) 11.9 2025 yearly 1985 - 2025
Colombia (%) 48.0 2024 yearly 1970 - 2024
Croatia (%) 74.3 2022 yearly 1998 - 2022
Cyprus (%) 617.2 2025 yearly 2004 - 2025
Czech Republic (%) 66.4 2025 yearly 1995 - 2025
Denmark (%) 142.9 2025 yearly 2005 - 2025
Ecuador (%) 48.9 2025 yearly 1970 - 2025
Egypt (%) 42.4 Sep 2025 quarterly Jun 1999 - Sep 2025
Estonia (%) 100.4 2025 yearly 1996 - 2025
European Union (%) 106.7 2025 yearly 2013 - 2025
Finland (%) 207.2 2025 yearly 1991 - 2025
France (%) 250.2 2024 yearly 2004 - 2024
Georgia (%) 70.3 2025 yearly 1999 - 2025
Germany (%) 151.3 2025 yearly 1999 - 2025
Ghana (%) 25.7 2025 yearly 1999 - 2025
Greece (%) 237.7 2025 yearly 2003 - 2025
Hong Kong SAR, China (%) 481.9 2025 yearly 2001 - 2025
Hungary (%) 118.0 2025 yearly 2006 - 2025
Iceland (%) 75.3 2025 yearly 1989 - 2025
India (%) 19.1 2025 yearly 1970 - 2025
Indonesia (%) 29.9 2025 yearly 2003 - 2025
Iran (%) 0.8 2025 yearly 1994 - 2025
Ireland (%) 507.4 2025 yearly 2002 - 2025
Israel (%) 26.9 2025 yearly 1998 - 2025
Italy (%) 120.8 2024 yearly 2002 - 2024
Ivory Coast (%) 34.4 2022 yearly 1994 - 2022
Japan (%) 109.3 2025 yearly 2003 - 2025
Jordan (%) 74.1 2025 yearly 1970 - 2025
Kazakhstan (%) 59.5 Dec 2025 quarterly Mar 2002 - Dec 2025
Kenya (%) 31.1 2025 yearly 2006 - 2025
South Korea (%) 40.9 2025 yearly 1994 - 2025
Kosovo (%) 40.7 2024 yearly 2007 - 2024
Kuwait (%) 41.3 2024 yearly 2014 - 2024
Kyrgyzstan (%) 68.2 2024 yearly 2003 - 2024
Laos (%) 68.7 2024 yearly 1996 - 2024
Latvia (%) 99.5 Dec 2025 quarterly Mar 2000 - Dec 2025
Lebanon (%) 21.3 2023 yearly 2007 - 2023
Lithuania (%) 93.1 2025 yearly 1996 - 2025
Luxembourg (%) 3,937.1 2025 yearly 2002 - 2025
North Macedonia (%) 72.0 2025 yearly 2004 - 2025
Malawi (%) 60.1 2021 yearly 2006 - 2021
Malaysia (%) 68.9 2025 yearly 2009 - 2025
Malta (%) 785.5 2025 yearly 2004 - 2025
Mauritius (%) 1,200.9 2025 yearly 2009 - 2025
Mexico (%) 35.1 2025 yearly 2002 - 2025
Moldova (%) 56.7 2024 yearly 2000 - 2024
Mongolia (%) 159.5 2025 yearly 1992 - 2025
Montenegro (%) 105.7 2024 yearly 2006 - 2024
Morocco (%) 50.8 2022 yearly 1970 - 2022
Mozambique (%) 49.2 2023 yearly 1985 - 2023
Myanmar (%) 18.9 2023 yearly 2018 - 2023
Nepal (%) 17.3 2016 yearly 2001 - 2016
Netherlands (%) 345.3 2025 yearly 2003 - 2025
New Zealand (%) 98.2 2025 yearly 1993 - 2025
Nigeria (%) 12.0 2025 yearly 1985 - 2025
Norway (%) 156.0 2025 yearly 2003 - 2025
Pakistan (%) 33.4 2025 yearly 2000 - 2025
Palestinian Territory (%) 13.1 2024 yearly 2012 - 2024
Panama (%) 167.4 2021 yearly 2014 - 2021
Paraguay (%) 59.8 2025 yearly 2000 - 2025
Peru (%) 33.5 2025 yearly 1980 - 2025
Philippines (%) 30.3 2025 yearly 1990 - 2025
Poland (%) 50.1 2025 yearly 1995 - 2025
Portugal (%) 145.3 2025 yearly 1996 - 2025
Qatar (%) 106.1 2018 yearly 2000 - 2018
Romania (%) 57.5 2024 yearly 1995 - 2024
Russia (%) 12.5 2025 yearly 1993 - 2025
Serbia (%) 60.5 2024 yearly 2000 - 2024
Singapore (%) 402.2 2025 yearly 2003 - 2025
Slovakia (%) 100.8 2025 yearly 1995 - 2025
Slovenia (%) 88.9 2025 yearly 1995 - 2025
South Africa (%) 46.9 2025 yearly 1985 - 2025
Spain (%) 162.9 2024 yearly 1995 - 2024
Sri Lanka (%) 75.0 2022 yearly 1998 - 2022
Sudan (%) 202.2 2021 yearly 2001 - 2021
Sweden (%) 157.5 2025 yearly 1997 - 2025
Switzerland (%) 226.4 2025 yearly 1999 - 2025
Taiwan, China (%) 26.5 2025 yearly 1999 - 2025
Tajikistan (%) 37.7 2021 yearly 2000 - 2021
Thailand (%) 35.4 Dec 2025 quarterly Mar 2005 - Dec 2025
Tunisia (%) 73.8 2025 yearly 2002 - 2025
Turkey (%) 32.6 2025 yearly 1995 - 2025

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Ghana Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -0.6 Dec 2025 quarterly Dec 2008 - Dec 2025
Consolidated Fiscal Balance (USD mn) 532.461 Dec 2025 monthly Jan 2008 - Dec 2025
Tax Revenue (USD mn) 2,859.995 Dec 2025 monthly Jan 2008 - Dec 2025
Tax Revenue: % of GDP (%) 15.1 Jun 2025 quarterly Mar 2008 - Jun 2025
Government Debt: % of GDP (%) 61.8 2024 yearly 2006 - 2024
Forecast: Government Expenditure (GHS bn) 570.915 2031 yearly 1980 - 2031
Forecast: Government Net Debt (GHS bn) 1,260.307 2031 yearly 1990 - 2031
Forecast: Government Revenue (GHS bn) 506.182 2031 yearly 1980 - 2031
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.394 2028 yearly 1980 - 2028
Trade Balance (USD mn) 1,842.3 Feb 2026 monthly Mar 2005 - Feb 2026
Total Exports (USD mn) 3,123.1 Feb 2026 monthly Jan 2010 - Feb 2026
Total Exports Growth (%) 37.2 Feb 2026 monthly Jan 2011 - Feb 2026
Aluminum: Exports (USD th) 89,599.170 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 14,051.656 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 627.649 2024 yearly 1995 - 2024
Total Imports (USD mn) 1,280.8 Feb 2026 monthly Mar 2005 - Feb 2026
Total Imports Growth (%) 12.6 Feb 2026 monthly Mar 2006 - Feb 2026
Imports: Medicament (USD th) 219,248.874 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 133,353.690 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 17.010 Dec 2025 monthly Feb 1985 - Dec 2025
Total Imports from USA (USD mn) 113.654 Dec 2025 monthly Jun 1995 - Dec 2025
Total Exports to China (USD mn) 35.841 Dec 2025 monthly May 1995 - Dec 2025
Total Imports from China (USD mn) 377.483 Dec 2025 monthly Jun 1986 - Dec 2025
Export Value Index (2015=100) 161.500 2023 yearly 1980 - 2023
Export Volume Index (2015=100) 108.300 2023 yearly 1980 - 2023
Import Volume Index (2015=100) 82.200 2023 yearly 1980 - 2023
Import Value Index (2015=100) 104.000 2023 yearly 1980 - 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 46.7 Dec 2025 quarterly Mar 2011 - Dec 2025
Current Account Balance (USD mn) 4,666.0 Dec 2025 quarterly Mar 2003 - Dec 2025
Current Account Balance: % of GDP (%) 13.9 Dec 2025 quarterly Mar 2006 - Dec 2025
Foreign Direct Investment (USD mn) 451.9 Dec 2025 quarterly Mar 2011 - Dec 2025
Foreign Direct Investment: % of GDP (%) 1.3 Dec 2025 quarterly Mar 2011 - Dec 2025
Foreign Portfolio Investment (USD mn) -61.216 Jun 2025 quarterly Mar 2011 - Jun 2025
Foreign Portfolio Investment: % of GDP (%) -1.4 Dec 2025 quarterly Mar 2011 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) -56.4 2025 yearly 1975 - 2025
Foreign Portfolio Investment: Debt Securities (USD mn) -459.981 Dec 2025 quarterly Mar 2011 - Dec 2025
External Debt (USD mn) 29,382.3 Dec 2025 monthly Jan 2012 - Dec 2025
External Debt: % of GDP (%) 25.7 2025 yearly 1999 - 2025
Forecast: Current Account Balance (USD bn) 7.476 2031 yearly 1980 - 2031
Net International Investment Position (USD mn) -27,118.991 2024 yearly 2006 - 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 18.7 Feb 2026 monthly Dec 2005 - Feb 2026
Non-Performing Loans (USD mn) 2,008.748 Jun 2025 quarterly Mar 2008 - Jun 2025
Money Supply M1 (USD mn) 14,789.477 Sep 2025 quarterly Mar 1990 - Sep 2025
Money Supply M2 (USD mn) 25,721.726 Jun 2025 quarterly Mar 1990 - Jun 2025
M2 Growth (%) 30.3 Jun 2025 quarterly Mar 1991 - Jun 2025
Foreign Exchange Reserves (USD mn) 5,361.8 Oct 2025 monthly Jan 1965 - Oct 2025
Foreign Exchange Reserves: % of GDP (%) 5.420 Sep 2025 quarterly Dec 2006 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 3.0 Oct 2025 monthly Mar 2005 - Oct 2025
Gold Reserves (Metric Ton) 1,000.000 2025 yearly 2008 - 2025
Total Deposits (USD mn) 31,910.164 Mar 2026 monthly Jan 1999 - Mar 2026
Total Deposits Growth (%) 21.2 Mar 2026 monthly Jan 2000 - Mar 2026
Domestic Credit (USD mn) 22,480.6 May 2025 monthly Jan 1967 - May 2025
Domestic Credit Growth (%) -9.1 May 2025 monthly Jan 1968 - May 2025
Total Loans (USD mn) 10,342.075 Mar 2026 monthly Jan 1999 - Mar 2026
Total Loans Growth (%) 20.51 Mar 2026 monthly Jan 2000 - Mar 2026
Private Debt: % of Nominal GDP (%) 6.71 Mar 2025 quarterly Dec 2006 - Mar 2025
Business and Economic Survey Last Frequency Range
Business Confidence Growth (%) 10.4 Feb 2026 monthly Dec 2013 - Feb 2026

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