Ghana External Debt: % of GDP

1999 - 2020 | Yearly | % | CEIC Data

Key information about Ghana`s External Debt: % of GDP

  • Ghana External Debt accounted for 34.2 % of the country's Nominal GDP in 2020, compared with the ratio of 30.3 % in the previous year.
  • Ghana External Debt: % of Nominal GDP data is updated yearly, available from Dec 1999 to Dec 2020.
  • The data reached an all-time high of 121.7 % in Dec 2000 and a record low of 10.7 % in Dec 2006.

CEIC calculates External Debt as % of Nominal GDP from annual External Debt and annual 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 2013 is calculated from Nominal GDP based on SNA 1993 and prior to 2006 is calculated from Nominal GDP sourced from the World Bank.


Related information about Ghana`s External Debt: % 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 External Debt reached 24,598.8 in Mar 2021.
  • The country's Nominal GDP was reported at 17.8 USD bn in Dec 2020.

View Ghana's External Debt: % of GDP from 1999 to 2020 in the chart:

Ghana External Debt: % of GDP

What was Ghana's External Debt: % of GDP in 2020?

Ghana External Debt accounted for 34.2 % of the country's Nominal GDP in 2020, compared with the ratio of 30.3 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
34.2 2020 30.3 2019 10.7 2006 121.7 2000 % yearly 1999 - 2020

External Debt: % of GDP by Country Comparison

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Includes External Debt: % of GDP on 108 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 65.6 2020 yearly 1991 - 2020
Algeria (%) 2.2 2019 yearly 1970 - 2019
Argentina (%) 70.7 2020 yearly 1994 - 2020
Armenia (%) 102.3 2020 yearly 2000 - 2020
Australia (%) 129.1 2020 yearly 1988 - 2020
Austria (%) 164.9 2020 yearly 1997 - 2020
Azerbaijan (%) 20.7 Dec 2020 quarterly Dec 2001 - Dec 2020
Bangladesh (%) 11.4 2017 yearly 1997 - 2017
Belarus (%) 70.2 Dec 2020 quarterly Dec 2000 - Dec 2020
Belgium (%) 264.3 2020 yearly 2007 - 2020
Bolivia (%) 33.0 2019 yearly 2006 - 2019
Bosnia and Herzegovina (%) 23.1 2019 yearly 1999 - 2019
Botswana (%) 8.6 2020 yearly 1995 - 2020
Brazil (%) 38.4 2020 yearly 1992 - 2020
Bulgaria (%) 65.3 2020 yearly 1999 - 2020
Cambodia (%) 69.9 2020 yearly 2010 - 2020
Canada (%) 142.8 2020 yearly 1990 - 2020
Chile (%) 82.4 2020 yearly 1971 - 2020
China (%) 16.3 2020 yearly 1985 - 2020
Colombia (%) 56.7 2020 yearly 1970 - 2020
Croatia (%) 87.9 2020 yearly 1998 - 2020
Cyprus (%) 908.4 2020 yearly 2004 - 2020
Czech Republic (%) 75.5 2020 yearly 1995 - 2020
Denmark (%) 157.0 2020 yearly 2005 - 2020
Ecuador (%) 57.4 2020 yearly 1970 - 2020
Egypt (%) 33.9 Sep 2020 quarterly Jun 1999 - Sep 2020
Estonia (%) 91.1 2020 yearly 1996 - 2020
European Union (%) 130.3 2020 yearly 2008 - 2020
Finland (%) 225.1 2020 yearly 1991 - 2020
France (%) 261.7 2020 yearly 2004 - 2020
Georgia (%) 129.8 2020 yearly 1999 - 2020
Germany (%) 163.7 2020 yearly 1999 - 2020
Ghana (%) 34.2 2020 yearly 1999 - 2020
Greece (%) 298.2 2020 yearly 2003 - 2020
Hong Kong SAR, China (%) 514.2 2020 yearly 2001 - 2020
Hungary (%) 155.9 2020 yearly 2006 - 2020
Iceland (%) 83.5 2020 yearly 1989 - 2020
India (%) 21.1 2021 yearly 1970 - 2021
Indonesia (%) 39.3 2020 yearly 2003 - 2020
Iran (%) 1.1 2021 yearly 1994 - 2021
Ireland (%) 701.2 2020 yearly 2002 - 2020
Israel (%) 32.9 2020 yearly 1998 - 2020
Italy (%) 140.7 2020 yearly 2002 - 2020
Ivory Coast (%) 24.0 2018 yearly 1994 - 2018
Japan (%) 92.8 2020 yearly 2003 - 2020
Jordan (%) 82.1 2020 yearly 1970 - 2020
Kazakhstan (%) 96.5 Dec 2020 quarterly Mar 2002 - Dec 2020
Kenya (%) 33.1 2019 yearly 2015 - 2019
South Korea (%) 33.3 2020 yearly 1994 - 2020
Kosovo (%) 37.2 2020 yearly 2007 - 2020
Kuwait (%) 50.5 2020 yearly 2014 - 2020
Kyrgyzstan (%) 112.9 2020 yearly 2003 - 2020
Laos (%) 52.6 2019 yearly 1996 - 2019
Latvia (%) 124.2 Dec 2020 quarterly Mar 2000 - Dec 2020
Lebanon (%) 62.8 2019 yearly 2007 - 2019
Lithuania (%) 75.7 2020 yearly 1996 - 2020
Luxembourg (%) 5,173.1 2020 yearly 2002 - 2020
North Macedonia (%) 80.2 2020 yearly 2004 - 2020
Malawi (%) 39.4 2014 yearly 2006 - 2014
Malaysia (%) 67.6 2020 yearly 2009 - 2020
Malta (%) 678.6 2020 yearly 2004 - 2020
Mauritius (%) 2,062.5 2020 yearly 2009 - 2020
Mexico (%) 42.8 2020 yearly 2002 - 2020
Moldova (%) 70.1 2020 yearly 2000 - 2020
Mongolia (%) 243.1 2020 yearly 1992 - 2020
Montenegro (%) 150.5 2019 yearly 2006 - 2019
Morocco (%) 53.6 2020 yearly 1970 - 2020
Mozambique (%) 71.8 2017 yearly 1985 - 2017
Nepal (%) 17.3 2016 yearly 2001 - 2016
Netherlands (%) 443.8 2020 yearly 2003 - 2020
New Zealand (%) 90.3 2020 yearly 1993 - 2020
Nigeria (%) 7.8 2020 yearly 1985 - 2020
Norway (%) 180.1 2020 yearly 2003 - 2020
Pakistan (%) 41.0 2021 yearly 2000 - 2021
Palestinian Territory (%) 35.4 2018 yearly 2012 - 2018
Panama (%) 201.9 2020 yearly 2014 - 2020
Paraguay (%) 53.8 2020 yearly 2000 - 2020
Peru (%) 43.3 2020 yearly 1980 - 2020
Philippines (%) 27.2 2020 yearly 1990 - 2020
Poland (%) 60.6 2020 yearly 1995 - 2020
Portugal (%) 205.2 2020 yearly 1996 - 2020
Qatar (%) 106.1 2018 yearly 2000 - 2018
Romania (%) 58.2 2020 yearly 1995 - 2020
Russia (%) 31.5 2020 yearly 1993 - 2020
Serbia (%) 61.5 2020 yearly 2000 - 2020
Singapore (%) 471.3 2020 yearly 2003 - 2020
Slovakia (%) 121.2 2020 yearly 1995 - 2020
Slovenia (%) 101.9 2020 yearly 2001 - 2020
South Africa (%) 50.8 2020 yearly 1985 - 2020
Spain (%) 198.8 2020 yearly 1995 - 2020
Sri Lanka (%) 61.1 2020 yearly 1994 - 2020
Sudan (%) 120.5 2019 yearly 2001 - 2019
Sweden (%) 164.2 2020 yearly 1997 - 2020
Switzerland (%) 283.3 2020 yearly 1999 - 2020
Taiwan (%) 28.4 2020 yearly 1999 - 2020
Tajikistan (%) 37.5 2020 yearly 2000 - 2020
Thailand (%) 36.7 Dec 2020 quarterly Mar 2005 - Dec 2020
Tunisia (%) 100.9 2020 yearly 2002 - 2020
Turkey (%) 60.4 2020 yearly 1989 - 2020
Ukraine (%) 80.8 2020 yearly 1993 - 2020

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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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