Ghana Gross Savings Rate

2006 - 2021 | Yearly | % | CEIC Data

Key information about Ghana Gross Savings Rate

  • Ghana Gross Savings Rate was measured at 19.9% in Dec 2021, compared with 19.9% in the previous year.
  • Ghana Gross Savings Rate is updated yearly, with data available from Dec 2006 to Dec 2021, and an average rate of 19.9%.
  • The data reached an all-time high of 19.9% in Dec 2020 and a record low of -3.0% in Dec 2008.
  • CEIC calculates annual Gross Domestic Savings Rate from annual Gross Domestic Savings and annual Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Final Consumption Expenditure. Ghana Statistical Service provides Final Consumption Expenditure in local currency and Nominal GDP in local currency, based on SNA 2008. Gross Domestic Savings Rate prior to 2013 is based on SNA 1993.
  • In the latest reports, Ghana GDP expanded 1.8% YoY in Dec 2021.
  • Ghana Nominal GDP reached 21,756.8 USD mn in Dec 2021. Its GDP deflator (implicit price deflator) increased 12.8% in Dec 2021.
  • Ghana GDP Per Capita reached 2,565.0 USD in Dec 2021.

View Ghana's Gross Savings Rate from 2006 to 2021 in the chart:

Ghana Gross Savings Rate

What was Ghana's Gross Savings Rate in 2021?

Ghana Gross Savings Rate was measured at 19.9% in Dec 2021, compared with 19.9% in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
19.9 2021 22.0 2020 -3.0 2008 22.0 2020 % yearly 2006 - 2021

Gross Savings Rate by Country Comparison

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Includes Gross Savings Rate on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 17.6 Dec 2021 quarterly Mar 2008 - Dec 2021
Algeria (%) 39.8 2018 yearly 2000 - 2018
Argentina (%) 24.3 Dec 2021 quarterly Mar 2004 - Dec 2021
Armenia (%) 16.7 Dec 2021 quarterly Dec 1994 - Dec 2021
Australia (%) 28.7 Dec 2021 quarterly Sep 1959 - Dec 2021
Austria (%) 28.0 Dec 2021 quarterly Mar 1995 - Dec 2021
Azerbaijan (%) 44.5 Dec 2021 quarterly Mar 2001 - Dec 2021
Bahrain (%) 32.9 2019 yearly 1989 - 2019
Bangladesh (%) 30.4 2021 yearly 2006 - 2021
Belarus (%) 32.8 Dec 2021 quarterly Mar 1992 - Dec 2021
Belgium (%) 25.7 Dec 2021 quarterly Mar 1980 - Dec 2021
Bolivia (%) 0.8 Dec 2021 quarterly Mar 1990 - Dec 2021
Bosnia and Herzegovina (%) 11.3 Dec 2021 quarterly Mar 2008 - Dec 2021
Botswana (%) 19.0 Dec 2021 quarterly Mar 1994 - Dec 2021
Brazil (%) 11.7 Dec 2021 quarterly Mar 1991 - Dec 2021
Brunei (%) 51.5 Sep 2021 quarterly Mar 2004 - Sep 2021
Bulgaria (%) 13.5 Mar 2022 quarterly Mar 1995 - Mar 2022
Cambodia (%) 25.8 2019 yearly 1993 - 2019
Canada (%) 24.6 Dec 2021 quarterly Mar 1961 - Dec 2021
Chile (%) 18.8 Dec 2021 quarterly Mar 1996 - Dec 2021
China (%) 45.3 2020 yearly 1952 - 2020
Colombia (%) 23.7 Mar 2022 quarterly Mar 2005 - Mar 2022
Croatia (%) 12.0 Dec 2021 quarterly Mar 1995 - Dec 2021
Cyprus (%) 16.8 Dec 2021 quarterly Mar 1995 - Dec 2021
Czech Republic (%) 30.0 Dec 2021 quarterly Mar 1995 - Dec 2021
Denmark (%) 32.1 Dec 2021 quarterly Mar 1990 - Dec 2021
Ecuador (%) 23.1 Dec 2021 quarterly Mar 1991 - Dec 2021
Egypt (%) 6.7 2017 yearly 1990 - 2017
Estonia (%) 30.1 Dec 2021 quarterly Mar 1993 - Dec 2021
European Union (%) 26.7 Dec 2021 quarterly Mar 1995 - Dec 2021
Finland (%) 26.7 Dec 2021 quarterly Mar 1990 - Dec 2021
France (%) 14.2 Dec 2017 quarterly Mar 1949 - Dec 2017
Georgia (%) 11.2 Dec 2021 quarterly Mar 1996 - Dec 2021
Germany (%) 27.2 Dec 2021 quarterly Mar 1991 - Dec 2021
Ghana (%) 19.9 2021 yearly 2006 - 2021
Greece (%) 7.3 Dec 2021 quarterly Mar 1995 - Dec 2021
Hong Kong SAR, China (%) 25.9 Dec 2021 quarterly Mar 1999 - Dec 2021
Hungary (%) 32.4 Dec 2021 quarterly Mar 1995 - Dec 2021
Iceland (%) 20.3 Dec 2021 quarterly Mar 1995 - Dec 2021
India (%) 28.2 2021 yearly 1951 - 2021
Indonesia (%) 39.7 Mar 2022 quarterly Mar 2010 - Mar 2022
Iran (%) 48.0 Sep 2021 quarterly Jun 1988 - Sep 2021
Ireland (%) 60.1 Dec 2021 quarterly Mar 1995 - Dec 2021
Israel (%) 27.7 Mar 2022 quarterly Mar 1995 - Mar 2022
Italy (%) 23.5 Dec 2021 quarterly Mar 1995 - Dec 2021
Ivory Coast (%) 22.4 2021 yearly 1960 - 2021
Japan (%) 29.6 Mar 2021 quarterly Mar 1980 - Mar 2021
Jordan (%) 3.8 2020 yearly 1963 - 2020
Kazakhstan (%) 40.3 Sep 2021 quarterly Mar 1994 - Sep 2021
Kenya (%) 12.8 2020 yearly 2006 - 2020
South Korea (%) 36.8 Dec 2021 quarterly Mar 1970 - Dec 2021
Kosovo (%) -2.8 Dec 2021 quarterly Mar 2010 - Dec 2021
Kuwait (%) 31.1 2019 yearly 1970 - 2019
Kyrgyzstan (%) -1.8 Sep 2021 quarterly Mar 2000 - Sep 2021
Laos (%) 18.4 2016 yearly 2000 - 2016
Latvia (%) 26.9 Dec 2021 quarterly Mar 1995 - Dec 2021
Lebanon (%) -5.8 2018 yearly 1990 - 2018
Lithuania (%) 18.1 Dec 2021 quarterly Mar 1995 - Dec 2021
Luxembourg (%) 53.5 Dec 2021 quarterly Mar 1995 - Dec 2021
Macau SAR, China (%) 32.5 Dec 2021 quarterly Mar 2001 - Dec 2021
North Macedonia (%) 22.5 Dec 2021 quarterly Mar 2000 - Dec 2021
Malawi (%) 11.2 2019 yearly 1977 - 2019
Malaysia (%) 26.3 Mar 2022 quarterly Mar 2010 - Mar 2022
Malta (%) 35.3 Dec 2021 quarterly Mar 1992 - Dec 2021
Mauritius (%) 7.7 Dec 2021 quarterly Mar 1999 - Dec 2021
Mexico (%) 22.5 Dec 2021 quarterly Mar 1993 - Dec 2021
Moldova (%) -2.6 Dec 2021 quarterly Mar 1995 - Dec 2021
Mongolia (%) 19.4 Mar 2022 quarterly Mar 2005 - Mar 2022
Montenegro (%) 2.4 Dec 2021 quarterly Mar 2010 - Dec 2021
Morocco (%) 27.1 2020 yearly 1975 - 2020
Mozambique (%) 14.3 2020 yearly 1969 - 2020
Myanmar (%) 28.7 2018 yearly 1996 - 2018
Nepal (%) 31.3 2021 yearly 2001 - 2021
Netherlands (%) 28.2 Dec 2021 quarterly Mar 1995 - Dec 2021
New Zealand (%) 21.1 Dec 2021 quarterly Jun 1987 - Dec 2021
Nigeria (%) 32.7 2021 yearly 1981 - 2021
Norway (%) 43.8 Dec 2021 quarterly Mar 1978 - Dec 2021
Oman (%) 9.8 2020 yearly 1980 - 2020
Pakistan (%) 19.9 2021 yearly 2000 - 2021
Palestinian Territory (%) 16.0 Sep 2021 quarterly Mar 2011 - Sep 2021
Panama (%) 29.2 2020 yearly 1960 - 2020
Paraguay (%) 17.9 Dec 2021 quarterly Mar 1994 - Dec 2021
Peru (%) 25.6 Dec 2021 quarterly Mar 1990 - Dec 2021
Philippines (%) 8.0 Mar 2022 quarterly Mar 1981 - Mar 2022
Poland (%) 29.3 Dec 2021 quarterly Mar 1995 - Dec 2021
Portugal (%) 16.6 Dec 2021 quarterly Mar 1999 - Dec 2021
Qatar (%) 64.9 Dec 2021 quarterly Mar 2013 - Dec 2021
Romania (%) 18.9 Dec 2021 quarterly Mar 1995 - Dec 2021
Russia (%) 37.7 Dec 2021 quarterly Mar 1993 - Dec 2021
Saudi Arabia (%) 33.6 Dec 2021 quarterly Mar 2003 - Dec 2021
Serbia (%) 20.1 Dec 2021 quarterly Mar 1996 - Dec 2021
Singapore (%) 48.3 2021 yearly 1960 - 2021
Slovakia (%) 15.1 Dec 2021 quarterly Mar 1995 - Dec 2021
Slovenia (%) 22.8 Dec 2021 quarterly Mar 1995 - Dec 2021
South Africa (%) 15.2 Dec 2021 quarterly Mar 1960 - Dec 2021
Spain (%) 24.4 Dec 2021 quarterly Mar 1999 - Dec 2021
Sri Lanka (%) 24.0 Dec 2021 quarterly Mar 2010 - Dec 2021
Sudan (%) 13.7 2014 yearly 1960 - 2014
Sweden (%) 30.7 Dec 2021 quarterly Mar 1980 - Dec 2021
Switzerland (%) 35.0 Dec 2021 quarterly Mar 1990 - Dec 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 (%) -8.5 Dec 2021 quarterly Dec 2008 - Dec 2021
Consolidated Fiscal Balance (USD mn) -294.937 Mar 2022 monthly Jan 2008 - Mar 2022
Tax Revenue (USD mn) 768.478 Mar 2022 monthly Jan 2008 - Mar 2022
Tax Revenue: % of GDP (%) 14.1 Dec 2021 quarterly Mar 2008 - Dec 2021
Government Debt: % of GDP (%) 76.1 2020 yearly 2006 - 2020
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) 79.9 Dec 2021 monthly Mar 2005 - Dec 2021
Total Exports (USD mn) 1,272.9 Dec 2021 monthly Jan 2010 - Dec 2021
Total Exports Growth (%) -1.9 Dec 2021 monthly Jan 2011 - Dec 2021
Aluminum: Exports (USD th) 78,981.621 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 5,111.213 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 221.031 2020 yearly 1995 - 2020
Total Imports (USD mn) 1,193.0 Dec 2021 monthly Mar 2005 - Dec 2021
Total Imports Growth (%) 31.7 Dec 2021 monthly Mar 2006 - Dec 2021
Imports: Medicament (USD th) 188,339.959 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 63,163.099 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 52.924 Jan 2022 monthly Feb 1985 - Jan 2022
Total Imports from USA (USD mn) 115.612 Jan 2022 monthly Jun 1995 - Jan 2022
Total Exports to China (USD mn) 371.328 Jan 2022 monthly May 1995 - Jan 2022
Total Imports from China (USD mn) 172.397 Jan 2022 monthly Jun 1986 - Jan 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) -672.2 Dec 2021 quarterly Mar 2005 - Dec 2021
Current Account Balance: % of GDP (%) -3.1 Dec 2021 quarterly Mar 2006 - Dec 2021
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) 28,160.6 Dec 2021 monthly Jan 2012 - Dec 2021
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) -28,067.014 2020 yearly 2006 - 2020
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 14.4 Feb 2022 monthly Dec 2005 - Feb 2022
Non-Performing Loans (USD mn) 1,279.682 Mar 2021 quarterly Mar 2008 - Mar 2021
Money Supply M1 (USD mn) 11,560.177 Dec 2021 quarterly Mar 1990 - Dec 2021
Money Supply M2 (USD mn) 17,612.019 Dec 2021 quarterly Mar 1990 - Dec 2021
M2 Growth (%) 11.9 Dec 2021 quarterly Mar 1991 - Dec 2021
Foreign Exchange Reserves (USD mn) 7,500.6 Mar 2022 monthly Jan 1965 - Mar 2022
Foreign Exchange Reserves: % of GDP (%) 10.368 Dec 2021 quarterly Dec 2006 - Dec 2021
Foreign Exchange Reserves: Months of Import (NA) 6.9 Dec 2021 monthly Mar 2005 - Dec 2021
Gold Reserves (Metric Ton) 1,000.000 2021 yearly 2008 - 2021
Total Deposits (USD mn) 19,632.116 Dec 2021 monthly Dec 2004 - Dec 2021
Total Deposits Growth (%) 15.6 Dec 2021 monthly Dec 2005 - Dec 2021
Domestic Credit (USD mn) 25,908.7 Sep 2021 monthly Jan 1967 - Sep 2021
Domestic Credit Growth (%) 10.9 Sep 2021 monthly Jan 1968 - Sep 2021
Total Loans (USD mn) 8,952.119 Dec 2021 monthly Dec 2011 - Dec 2021
Total Loans Growth (%) 12.56 Dec 2021 monthly Dec 2012 - Dec 2021
Private Debt: % of Nominal GDP (%) 10.26 Dec 2021 quarterly Dec 2013 - Dec 2021
Business and Economic Survey Last Frequency Range
Business Confidence Growth (%) -9.3 Feb 2022 monthly Dec 2013 - Feb 2022

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