Ghana External Debt: % of GDP

1999 - 2021 | Yearly | % | CEIC Data

Key information about Ghana External Debt: % of GDP

  • Ghana External Debt accounted for 35.6 % of the country's Nominal GDP in 2021, compared with the ratio of 35.3 % in the previous year.
  • Ghana External Debt: % of Nominal GDP data is updated yearly, available from Dec 1999 to Dec 2021.
  • 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 deficit of 690.6 USD mn in Jun 2022.
  • Foreign Direct Investment (FDI) increased by 346.9 USD mn in Dec 2020.
  • Ghana Direct Investment Abroad remained the same 0.0 USD mn in Dec 2020.
  • Its Foreign Portfolio Investment fell by 69.8 USD mn in Dec 2020.
  • The country's External Debt reached 28,100.0 in Jun 2022.
  • The country's Nominal GDP was reported at 21.6 USD bn in Mar 2022.

View Ghana's External Debt: % of GDP from 1999 to 2021 in the chart:

Ghana External Debt: % of GDP

What was Ghana's External Debt: % of GDP in 2021?

Ghana External Debt accounted for 35.6 % of the country's Nominal GDP in 2021, compared with the ratio of 35.3 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
35.6 2021 35.3 2020 10.7 2006 121.7 2000 % yearly 1999 - 2021

External Debt: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) 63.1 2021 yearly 1991 - 2021
Algeria (%) 2.4 2020 yearly 1970 - 2020
Argentina (%) 56.6 2021 yearly 1994 - 2021
Armenia (%) 99.9 2021 yearly 2000 - 2021
Australia (%) 116.1 2021 yearly 1988 - 2021
Austria (%) 161.7 2021 yearly 1997 - 2021
Azerbaijan (%) 14.9 Dec 2021 quarterly Dec 2001 - Dec 2021
Bangladesh (%) 11.4 2017 yearly 1997 - 2017
Belarus (%) 58.5 Mar 2022 quarterly Dec 2000 - Mar 2022
Belgium (%) 258.0 2021 yearly 2007 - 2021
Bolivia (%) 38.8 2020 yearly 2006 - 2020
Bosnia and Herzegovina (%) 25.5 2020 yearly 1999 - 2020
Botswana (%) 8.6 2020 yearly 1995 - 2020
Brazil (%) 35.3 2021 yearly 1992 - 2021
Bulgaria (%) 61.8 2021 yearly 1999 - 2021
Cambodia (%) 75.1 2021 yearly 2010 - 2021
Canada (%) 135.9 2021 yearly 1990 - 2021
Chile (%) 75.4 2021 yearly 1971 - 2021
China (%) 15.5 2021 yearly 1985 - 2021
Colombia (%) 54.6 2021 yearly 1970 - 2021
Croatia (%) 74.6 2021 yearly 1998 - 2021
Cyprus (%) 822.3 2021 yearly 2004 - 2021
Czech Republic (%) 73.2 2021 yearly 1995 - 2021
Denmark (%) 149.9 2021 yearly 2005 - 2021
Ecuador (%) 54.1 2021 yearly 1970 - 2021
Egypt (%) 34.6 Mar 2022 quarterly Jun 1999 - Mar 2022
Estonia (%) 84.7 2021 yearly 1996 - 2021
European Union (%) 130.0 2021 yearly 2008 - 2021
Finland (%) 205.9 2021 yearly 1991 - 2021
France (%) 256.2 2021 yearly 2004 - 2021
Georgia (%) 117.5 2021 yearly 1999 - 2021
Germany (%) 170.3 2021 yearly 1999 - 2021
Ghana (%) 35.6 2021 yearly 1999 - 2021
Greece (%) 304.3 2021 yearly 2003 - 2021
Hong Kong SAR, China (%) 510.6 2021 yearly 2001 - 2021
Hungary (%) 155.5 2020 yearly 2006 - 2020
Iceland (%) 84.8 2021 yearly 1989 - 2021
India (%) 19.9 2022 yearly 1970 - 2022
Indonesia (%) 35.1 2021 yearly 2003 - 2021
Iran (%) 1.0 2021 yearly 1994 - 2021
Ireland (%) 688.8 2021 yearly 2002 - 2021
Israel (%) 32.8 2021 yearly 1998 - 2021
Italy (%) 137.6 2021 yearly 2002 - 2021
Ivory Coast (%) 24.0 2018 yearly 1994 - 2018
Japan (%) 97.9 2021 yearly 2003 - 2021
Jordan (%) 86.6 2021 yearly 1970 - 2021
Kazakhstan (%) 81.7 Mar 2022 quarterly Mar 2002 - Mar 2022
Kenya (%) 35.3 2020 yearly 2006 - 2020
South Korea (%) 34.9 2021 yearly 1994 - 2021
Kosovo (%) 38.1 2021 yearly 2007 - 2021
Kuwait (%) 58.5 2020 yearly 2014 - 2020
Kyrgyzstan (%) 106.1 2021 yearly 2003 - 2021
Laos (%) 53.8 2021 yearly 1996 - 2021
Latvia (%) 107.8 Jun 2022 quarterly Mar 2000 - Jun 2022
Lebanon (%) 53.0 2020 yearly 2007 - 2020
Lithuania (%) 76.6 2021 yearly 1996 - 2021
Luxembourg (%) 4,791.4 2021 yearly 2002 - 2021
North Macedonia (%) 81.4 2021 yearly 2004 - 2021
Malawi (%) 39.4 2014 yearly 2006 - 2014
Malaysia (%) 70.0 2021 yearly 2009 - 2021
Malta (%) 633.5 2021 yearly 2004 - 2021
Mauritius (%) 2,062.5 2021 yearly 2009 - 2021
Mexico (%) 47.0 2021 yearly 2002 - 2021
Moldova (%) 65.9 2021 yearly 2000 - 2021
Mongolia (%) 221.1 2021 yearly 1992 - 2021
Montenegro (%) 203.8 2020 yearly 2006 - 2020
Morocco (%) 46.9 2021 yearly 1970 - 2021
Mozambique (%) 71.7 2020 yearly 1985 - 2020
Nepal (%) 17.3 2016 yearly 2001 - 2016
Netherlands (%) 412.2 2021 yearly 2003 - 2021
New Zealand (%) 87.1 2021 yearly 1993 - 2021
Nigeria (%) 8.8 2021 yearly 1985 - 2021
Norway (%) 154.4 2021 yearly 2003 - 2021
Pakistan (%) 34.5 2022 yearly 2000 - 2022
Palestinian Territory (%) 12.0 2021 yearly 2012 - 2021
Panama (%) 177.4 2021 yearly 2014 - 2021
Paraguay (%) 50.4 2021 yearly 2000 - 2021
Peru (%) 45.2 2021 yearly 1980 - 2021
Philippines (%) 27.0 2021 yearly 1990 - 2021
Poland (%) 56.5 2021 yearly 1995 - 2021
Portugal (%) 193.3 2021 yearly 1996 - 2021
Qatar (%) 106.1 2018 yearly 2000 - 2018
Romania (%) 56.0 2021 yearly 1995 - 2021
Russia (%) 27.1 2021 yearly 1993 - 2021
Serbia (%) 68.5 2021 yearly 2000 - 2021
Singapore (%) 448.3 2021 yearly 2003 - 2021
Slovakia (%) 137.0 2021 yearly 1995 - 2021
Slovenia (%) 97.7 2021 yearly 2001 - 2021
South Africa (%) 38.1 2021 yearly 1985 - 2021
Spain (%) 193.3 2021 yearly 1995 - 2021
Sri Lanka (%) 57.7 2020 yearly 1998 - 2020
Sudan (%) 105.1 2020 yearly 2001 - 2020
Sweden (%) 169.6 2021 yearly 1997 - 2021
Switzerland (%) 287.3 2021 yearly 1999 - 2021
Taiwan (%) 27.6 2021 yearly 1999 - 2021
Tajikistan (%) 40.6 2020 yearly 2000 - 2020
Thailand (%) 38.7 Mar 2022 quarterly Mar 2005 - Mar 2022
Tunisia (%) 100.9 2020 yearly 2002 - 2020
Turkey (%) 54.2 2021 yearly 1989 - 2021
Ukraine (%) 64.8 2021 yearly 1993 - 2021

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Ghana Key Series

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Includes 118 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 (%) -9.2 Mar 2022 quarterly Dec 2008 - Mar 2022
Consolidated Fiscal Balance (USD mn) -522.282 Jun 2022 monthly Jan 2008 - Jun 2022
Tax Revenue (USD mn) 768.478 Mar 2022 monthly Jan 2008 - Mar 2022
Tax Revenue: % of GDP (%) 9.2 Mar 2022 quarterly Mar 2008 - Mar 2022
Government Debt: % of GDP (%) 80.1 2021 yearly 2006 - 2021
Forecast: Government Expenditure (GHS bn) 234.411 2027 yearly 1980 - 2027
Forecast: Government Net Debt (GHS bn) 885.914 2027 yearly 1990 - 2027
Forecast: Government Revenue (GHS bn) 162.850 2027 yearly 1982 - 2027
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 20.464 2027 yearly 1980 - 2027
Trade Balance (USD mn) 131.1 Jun 2022 monthly Mar 2005 - Jun 2022
Total Exports (USD mn) 1,584.7 Jun 2022 monthly Jan 2010 - Jun 2022
Total Exports Growth (%) 32.3 Jun 2022 monthly Jan 2011 - Jun 2022
Aluminum: Exports (USD th) 118,446.335 2021 yearly 1995 - 2021
Exports: Medicament (USD th) 8,890.714 2021 yearly 1995 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 706.787 2021 yearly 1995 - 2021
Total Imports (USD mn) 1,453.6 Jun 2022 monthly Mar 2005 - Jun 2022
Total Imports Growth (%) 30.9 Jun 2022 monthly Mar 2006 - Jun 2022
Imports: Medicament (USD th) 237,263.348 2021 yearly 1995 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 74,157.525 2021 yearly 1995 - 2021
Total Exports to USA (USD mn) 37.920 May 2022 monthly Feb 1985 - May 2022
Total Imports from USA (USD mn) 140.997 May 2022 monthly Jun 1995 - May 2022
Total Exports to China (USD mn) 310.973 May 2022 monthly May 1995 - May 2022
Total Imports from China (USD mn) 205.646 May 2022 monthly Jun 1986 - May 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 0.0 Dec 2020 quarterly Mar 2011 - Dec 2020
Current Account Balance (USD mn) -690.6 Jun 2022 quarterly Mar 2005 - Jun 2022
Current Account Balance: % of GDP (%) -1.9 Mar 2022 quarterly Mar 2006 - Mar 2022
Foreign Direct Investment (USD mn) 346.9 Dec 2020 quarterly Mar 2011 - Dec 2020
Foreign Direct Investment: % of GDP (%) 1.9 Dec 2020 quarterly Mar 2011 - Dec 2020
Foreign Portfolio Investment (USD mn) -69.820 Dec 2020 quarterly Mar 2011 - Dec 2020
Foreign Portfolio Investment: % of GDP (%) -0.4 Dec 2020 quarterly Mar 2011 - Dec 2020
Foreign Portfolio Investment: Equity Securities (USD mn) 18.1 2010 yearly 1975 - 2010
Foreign Portfolio Investment: Debt Securities (USD mn) -69.820 Dec 2020 quarterly Mar 2011 - Dec 2020
External Debt (USD mn) 28,100.0 Jun 2022 monthly Jan 2012 - Jun 2022
External Debt: % of GDP (%) 35.6 2021 yearly 1999 - 2021
Forecast: Current Account Balance (USD bn) -3.522 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) -23,540.367 2021 yearly 2006 - 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 14.1 Jun 2022 monthly Dec 2005 - Jun 2022
Non-Performing Loans (USD mn) 1,357.152 Dec 2021 quarterly Mar 2008 - Dec 2021
Money Supply M1 (USD mn) 9,690.208 Mar 2022 quarterly Mar 1990 - Mar 2022
Money Supply M2 (USD mn) 14,911.123 Mar 2022 quarterly Mar 1990 - Mar 2022
M2 Growth (%) 13.8 Mar 2022 quarterly Mar 1991 - Mar 2022
Foreign Exchange Reserves (USD mn) 5,867.6 Jun 2022 monthly Jan 1965 - Jun 2022
Foreign Exchange Reserves: % of GDP (%) 9.318 Mar 2022 quarterly Dec 2006 - Mar 2022
Foreign Exchange Reserves: Months of Import (NA) 4.0 Jun 2022 monthly Mar 2005 - Jun 2022
Gold Reserves (Metric Ton) 1,000.000 2021 yearly 2008 - 2021
Total Deposits (USD mn) 17,591.475 Mar 2022 monthly Dec 2004 - Mar 2022
Total Deposits Growth (%) 20.0 Mar 2022 monthly Dec 2005 - Mar 2022
Domestic Credit (USD mn) 25,818.0 Feb 2022 monthly Jan 1967 - Feb 2022
Domestic Credit Growth (%) 24.9 Feb 2022 monthly Jan 1968 - Feb 2022
Total Loans (USD mn) 8,294.334 Mar 2022 monthly Dec 2011 - Mar 2022
Total Loans Growth (%) 24.64 Mar 2022 monthly Dec 2012 - Mar 2022
Private Debt: % of Nominal GDP (%) 10.26 Dec 2021 quarterly Dec 2013 - Dec 2021
Business and Economic Survey Last Frequency Range
Business Confidence Growth (%) -17.2 Jun 2022 monthly Dec 2013 - Jun 2022

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