Ghana External Debt: % of GDP
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:
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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| 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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