Ghana External Debt: % of GDP

1999 - 2022 | Yearly | % | CEIC Data

Key information about Ghana External Debt: % of GDP

  • Ghana External Debt accounted for 39.3 % of the country's Nominal GDP in 2022, compared with the ratio of 35.7 % in the previous year.
  • Ghana External Debt: % of Nominal GDP data is updated yearly, available from Dec 1999 to Dec 2022.
  • 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 External Debt: % of GDP

  • In the latest reports of Ghana, Current Account recorded a surplus of 175.7 USD mn in Sep 2023.
  • Foreign Direct Investment (FDI) increased by 324.8 USD mn in Dec 2022.
  • Ghana Direct Investment Abroad expanded by 2.7 USD mn in Dec 2022.
  • Its Foreign Portfolio Investment fell by 308.1 USD mn in Dec 2021.
  • The country's External Debt reached 29,185.2 in Nov 2022.
  • The country's Nominal GDP was reported at 17.0 USD bn in Jun 2023.

View Ghana's External Debt: % of GDP from 1999 to 2022 in the chart:

Ghana External Debt: % of GDP

What was Ghana's External Debt: % of GDP in 2022?

Ghana External Debt accounted for 39.3 % of the country's Nominal GDP in 2022, compared with the ratio of 35.7 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
39.3 2022 35.7 2021 10.7 2006 121.7 2000 % yearly 1999 - 2022

External Debt: % of GDP by Country Comparison

Buy Selected Data

Includes External Debt: % of GDP on 109 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 54.1 2022 yearly 1991 - 2022
Algeria (%) 1.8 2022 yearly 1970 - 2022
Argentina (%) 44.9 2022 yearly 1994 - 2022
Armenia (%) 78.2 2022 yearly 2000 - 2022
Australia (%) 117.2 2022 yearly 1988 - 2022
Austria (%) 131.7 2022 yearly 1997 - 2022
Azerbaijan (%) 14.9 Dec 2021 quarterly Dec 2001 - Dec 2021
Bangladesh (%) 11.4 2017 yearly 1997 - 2017
Belarus (%) 49.6 Sep 2023 quarterly Dec 2000 - Sep 2023
Belgium (%) 237.9 2022 yearly 2007 - 2022
Bolivia (%) 35.3 2022 yearly 2006 - 2022
Bosnia and Herzegovina (%) 20.8 2022 yearly 1999 - 2022
Botswana (%) 7.3 2023 yearly 1995 - 2023
Brazil (%) 30.0 2022 yearly 1992 - 2022
Bulgaria (%) 51.6 2022 yearly 1999 - 2022
Cambodia (%) 75.6 2022 yearly 2010 - 2022
Canada (%) 134.9 2022 yearly 1990 - 2022
Chile (%) 77.4 2022 yearly 1971 - 2022
China (%) 13.7 2022 yearly 1985 - 2022
Colombia (%) 53.3 2022 yearly 1970 - 2022
Croatia (%) 75.0 2022 yearly 1998 - 2022
Cyprus (%) 609.6 2022 yearly 2004 - 2022
Czech Republic (%) 65.6 2022 yearly 1995 - 2022
Denmark (%) 124.1 2022 yearly 2005 - 2022
Ecuador (%) 51.6 2022 yearly 1970 - 2022
Egypt (%) 40.3 Jun 2023 quarterly Jun 1999 - Jun 2023
Estonia (%) 84.7 2022 yearly 1996 - 2022
European Union (%) 117.4 2022 yearly 2008 - 2022
Finland (%) 215.4 2022 yearly 1991 - 2022
France (%) 245.8 2022 yearly 2004 - 2022
Georgia (%) 94.2 2022 yearly 1999 - 2022
Germany (%) 155.8 2022 yearly 1999 - 2022
Ghana (%) 39.3 2022 yearly 1999 - 2022
Greece (%) 263.2 2022 yearly 2003 - 2022
Hong Kong SAR, China (%) 503.8 2022 yearly 2001 - 2022
Hungary (%) 152.6 2022 yearly 2006 - 2022
Iceland (%) 78.9 2022 yearly 1989 - 2022
India (%) 18.9 2023 yearly 1970 - 2023
Indonesia (%) 29.7 2023 yearly 2003 - 2023
Iran (%) 0.3 2023 yearly 1994 - 2023
Ireland (%) 577.2 2022 yearly 2002 - 2022
Israel (%) 29.1 2022 yearly 1998 - 2022
Italy (%) 129.0 2022 yearly 2002 - 2022
Ivory Coast (%) 31.4 2021 yearly 1994 - 2021
Japan (%) 104.6 2022 yearly 2003 - 2022
Jordan (%) 80.1 2022 yearly 1970 - 2022
Kazakhstan (%) 64.8 Sep 2023 quarterly Mar 2002 - Sep 2023
Kenya (%) 35.0 2022 yearly 2006 - 2022
South Korea (%) 39.8 2022 yearly 1994 - 2022
Kosovo (%) 38.4 2022 yearly 2007 - 2022
Kuwait (%) 35.3 2022 yearly 2014 - 2022
Kyrgyzstan (%) 84.4 2022 yearly 2003 - 2022
Laos (%) 68.0 2022 yearly 1996 - 2022
Latvia (%) 98.8 Jun 2023 quarterly Mar 2000 - Jun 2023
Lebanon (%) 53.0 2020 yearly 2007 - 2020
Lithuania (%) 67.6 2022 yearly 1996 - 2022
Luxembourg (%) 4,521.9 2022 yearly 2002 - 2022
North Macedonia (%) 83.7 2022 yearly 2004 - 2022
Malawi (%) 60.1 2021 yearly 2006 - 2021
Malaysia (%) 63.9 2022 yearly 2009 - 2022
Malta (%) 970.6 2022 yearly 2004 - 2022
Mauritius (%) 1,432.7 2022 yearly 2009 - 2022
Mexico (%) 39.7 2022 yearly 2002 - 2022
Moldova (%) 65.2 2022 yearly 2000 - 2022
Mongolia (%) 194.5 2022 yearly 1992 - 2022
Montenegro (%) 141.5 2022 yearly 2006 - 2022
Morocco (%) 50.9 2022 yearly 1970 - 2022
Mozambique (%) 71.7 2020 yearly 1985 - 2020
Myanmar (%) 16.7 2020 yearly 2018 - 2020
Nepal (%) 17.3 2016 yearly 2001 - 2016
Netherlands (%) 374.5 2022 yearly 2003 - 2022
New Zealand (%) 85.0 2022 yearly 1993 - 2022
Nigeria (%) 8.9 2022 yearly 1985 - 2022
Norway (%) 133.0 2022 yearly 2003 - 2022
Pakistan (%) 36.5 2023 yearly 2000 - 2023
Palestinian Territory (%) 11.4 2022 yearly 2012 - 2022
Panama (%) 167.4 2021 yearly 2014 - 2021
Paraguay (%) 54.2 2022 yearly 2000 - 2022
Peru (%) 41.8 2022 yearly 1980 - 2022
Philippines (%) 27.5 2022 yearly 1990 - 2022
Poland (%) 53.0 2022 yearly 1995 - 2022
Portugal (%) 166.0 2022 yearly 1996 - 2022
Qatar (%) 106.1 2018 yearly 2000 - 2018
Romania (%) 50.6 2022 yearly 1995 - 2022
Russia (%) 16.3 2023 yearly 1993 - 2023
Serbia (%) 69.4 2022 yearly 2000 - 2022
Singapore (%) 385.6 2022 yearly 2003 - 2022
Slovakia (%) 103.1 2022 yearly 1995 - 2022
Slovenia (%) 90.9 2022 yearly 2001 - 2022
South Africa (%) 40.5 2022 yearly 1985 - 2022
Spain (%) 193.4 2021 yearly 1995 - 2021
Sri Lanka (%) 74.7 2022 yearly 1998 - 2022
Sudan (%) 202.2 2021 yearly 2001 - 2021
Sweden (%) 170.5 2022 yearly 1997 - 2022
Switzerland (%) 272.8 2022 yearly 1999 - 2022
Taiwan (%) 26.5 2022 yearly 1999 - 2022
Tajikistan (%) 37.7 2021 yearly 2000 - 2021
Thailand (%) 37.5 Sep 2023 quarterly Mar 2005 - Sep 2023
Tunisia (%) 92.1 2022 yearly 2002 - 2022
Turkey (%) 51.3 2022 yearly 1989 - 2022

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

Ghana Key Series

Buy Selected Data

Includes 125 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 (%) -4.6 Jun 2023 quarterly Dec 2008 - Jun 2023
Consolidated Fiscal Balance (USD mn) 239.230 Jun 2023 monthly Jan 2008 - Jun 2023
Tax Revenue (USD mn) 1,009.808 Jun 2023 monthly Jan 2008 - Jun 2023
Tax Revenue: % of GDP (%) 13.9 Jun 2022 quarterly Mar 2008 - Jun 2022
Government Debt: % of GDP (%) 70.7 2022 yearly 2006 - 2022
Forecast: Government Expenditure (GHS bn) 372.947 2028 yearly 1980 - 2028
Forecast: Government Net Debt (GHS bn) 1,247.210 2028 yearly 1990 - 2028
Forecast: Government Revenue (GHS bn) 322.330 2028 yearly 1982 - 2028
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.394 2028 yearly 1980 - 2028
Trade Balance (USD mn) 112.7 Aug 2023 monthly Mar 2005 - Aug 2023
Total Exports (USD mn) 1,290.0 Aug 2023 monthly Jan 2010 - Aug 2023
Total Exports Growth (%) -12.8 Aug 2023 monthly Jan 2011 - Aug 2023
Aluminum: Exports (USD th) 124,996.968 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 7,139.214 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 1,273.109 2022 yearly 1995 - 2022
Total Imports (USD mn) 1,177.3 Aug 2023 monthly Mar 2005 - Aug 2023
Total Imports Growth (%) -11.1 Aug 2023 monthly Mar 2006 - Aug 2023
Imports: Medicament (USD th) 204,070.187 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 67,696.289 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 14.706 Oct 2023 monthly Feb 1985 - Oct 2023
Total Imports from USA (USD mn) 139.595 Oct 2023 monthly Jun 1995 - Oct 2023
Total Exports to China (USD mn) 198.110 Oct 2023 monthly May 1995 - Oct 2023
Total Imports from China (USD mn) 194.435 Oct 2023 monthly Jun 1986 - Oct 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2.7 Dec 2022 quarterly Mar 2011 - Dec 2022
Current Account Balance (USD mn) 175.7 Sep 2023 quarterly Mar 2005 - Sep 2023
Current Account Balance: % of GDP (%) 0.9 Sep 2023 quarterly Mar 2006 - Sep 2023
Foreign Direct Investment (USD mn) 324.8 Dec 2022 quarterly Mar 2011 - Dec 2022
Foreign Direct Investment: % of GDP (%) 2.0 Dec 2022 quarterly Mar 2011 - Dec 2022
Foreign Portfolio Investment (USD mn) -308.059 Dec 2021 quarterly Mar 2011 - Dec 2021
Foreign Portfolio Investment: % of GDP (%) -1.2 Dec 2022 quarterly Mar 2011 - Dec 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 2022 yearly 1975 - 2022
Foreign Portfolio Investment: Debt Securities (USD mn) -189.016 Dec 2022 quarterly Mar 2011 - Dec 2022
External Debt (USD mn) 29,185.2 Nov 2022 monthly Jan 2012 - Nov 2022
External Debt: % of GDP (%) 39.3 2022 yearly 1999 - 2022
Forecast: Current Account Balance (USD bn) -2.914 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -23,095.226 2022 yearly 2006 - 2022
BoP: Financial Account: Financial Derivatives & Employee Stock Options (USD mn) 0.000 Dec 2022 quarterly Mar 2022 - Dec 2022
BoP: Financial Account: Financial Derivatives & Employee Stock Options: Assets (USD mn) 0.000 Dec 2022 quarterly Mar 2022 - Dec 2022
BoP: Financial Account: Portfolio Investment: Assets (USD mn) 0.000 Dec 2022 quarterly Mar 2022 - Dec 2022
BoP: Financial Account: Financial Derivatives & Employee Stock Options: Liabilit... (USD mn) 0.000 Dec 2022 quarterly Mar 2022 - Dec 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 20.7 Dec 2023 monthly Dec 2005 - Dec 2023
Non-Performing Loans (USD mn) 1,243.949 Jun 2023 quarterly Mar 2008 - Jun 2023
Money Supply M1 (USD mn) 9,021.989 Sep 2023 quarterly Mar 1990 - Sep 2023
Money Supply M2 (USD mn) 14,255.980 Sep 2023 quarterly Mar 1990 - Sep 2023
M2 Growth (%) 43.4 Sep 2023 quarterly Mar 1991 - Sep 2023
Foreign Exchange Reserves (USD mn) 2,271.7 Nov 2023 monthly Jan 1965 - Nov 2023
Foreign Exchange Reserves: % of GDP (%) 3.309 Sep 2023 quarterly Dec 2006 - Sep 2023
Foreign Exchange Reserves: Months of Import (NA) 2.3 Aug 2023 monthly Mar 2005 - Aug 2023
Gold Reserves (Metric Ton) 1,000.000 2023 yearly 2008 - 2023
Total Deposits (USD mn) 16,995.968 Aug 2023 monthly Dec 2004 - Aug 2023
Total Deposits Growth (%) 39.9 Aug 2023 monthly Dec 2005 - Aug 2023
Domestic Credit (USD mn) 20,640.4 Nov 2023 monthly Jan 1967 - Nov 2023
Domestic Credit Growth (%) -7.3 Nov 2023 monthly Jan 1968 - Nov 2023
Total Loans (USD mn) 6,649.444 Jun 2023 monthly Dec 2011 - Jun 2023
Total Loans Growth (%) 15.41 Jun 2023 monthly Dec 2012 - Jun 2023
Private Debt: % of Nominal GDP (%) 9.23 Sep 2023 quarterly Dec 2013 - Sep 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (%) 20.1 Dec 2023 monthly Dec 2013 - Dec 2023

More Indicators for Ghana

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data