Gross national savings — all countries

Gross national savings — Ghana

Gross national savings in Ghana in 2024 — 12.4%. Ranked 128 in the world out of 146. Since 1975, the indicator has fallen by 2 pp.

2024 12.4% +3.2 pp vs 2023
World rank 128of 146
Period maximum 22.9%2004
Period minimum 3.9%2011

Trend over time

1975–2024 · % of GDP

Gross national savings — Ghana, 1975–20240102030197519801985199019952000200520102015202020241975: 14.4%1976: 8.8%1977: 11.5%1978: 5.4%1979: 8.3%1980: 6.3%1981: 5.7%1982: 5.6%1983: 4.3%1984: 6.7%1985: 8%1986: 6.9%1987: 7.6%1988: 10%1989: 11.4%1990: 10.5%1991: 11.9%1992: 6.9%1993: 12.8%1994: 19.1%1995: 17.6%1996: 18.1%1997: 10.4%1998: 18%1999: 9.4%2000: 15.3%2001: 21.1%2002: 18.8%2003: 21.2%2004: 22.9%2005: 19.2%2006: 17.4%2007: 6.7%2008: 4.3%2009: 11%2010: 4.9%2011: 3.9%2012: 5.3%2013: 15.2%2014: 18.2%2015: 21.1%2016: 18.6%2017: 15.9%2018: 20%2019: 17.6%2020: 15.2%2021: 13.1%2022: 13.5%2023: 9.2%2024: 12.4%
Change over the period: −2 pp Annual average: -0.04 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Ghana

Ghana 12.4%
World 26.1%
Sub-Saharan Africa computed 17.6%
Western Africa computed 15.7%
Gross national savings — Ghana, by year Ghana All countries CSV XLSX
Year % Change, pp
2024 12.4 +3.2 pp
2023 9.2 −4.3 pp
2022 13.5 +0.4 pp
2021 13.1 −2 pp
2020 15.2 −2.4 pp
2019 17.6 −2.4 pp
2018 20 +4.1 pp
2017 15.9 −2.8 pp
2016 18.6 −2.5 pp
2015 21.1 +2.9 pp
2014 18.2 +3 pp
2013 15.2 +9.9 pp
2012 5.3 +1.4 pp
2011 3.9 −1 pp
2010 4.9 −6.2 pp
2009 11 +6.7 pp
2008 4.3 −2.4 pp
2007 6.7 −10.7 pp
2006 17.4 −1.8 pp
2005 19.2 −3.7 pp
2004 22.9 +1.7 pp
2003 21.2 +2.4 pp
2002 18.8 −2.3 pp
2001 21.1 +5.8 pp
2000 15.3 +5.9 pp
1999 9.4 −8.7 pp
1998 18 +7.6 pp
1997 10.4 −7.7 pp
1996 18.1 +0.5 pp
1995 17.6 −1.5 pp
1994 19.1 +6.2 pp
1993 12.8 +5.9 pp
1992 6.9 −4.9 pp
1991 11.9 +1.3 pp
1990 10.5 −0.9 pp
1989 11.4 +1.4 pp
1988 10 +2.4 pp
1987 7.6 +0.6 pp
1986 6.9 −1.1 pp
1985 8 +1.3 pp
1984 6.7 +2.5 pp
1983 4.3 −1.3 pp
1982 5.6 −0.1 pp
1981 5.7 −0.6 pp
1980 6.3 −1.9 pp
1979 8.3 +2.8 pp
1978 5.4 −6.1 pp
1977 11.5 +2.7 pp
1976 8.8 −5.7 pp
1975 14.4

About the indicator

Gross national savings as a percent of GDP — what is left of national income after all consumption, private and public. Savings and capital formation differ by the balance of external transactions: a country that saves more than it invests at home exports capital, and one that invests more than it saves imports it. Hence the stable link with the current account balance, which is exactly what this indicator makes visible.

Important: The difference between savings and capital formation is approximately equal to the current account balance — that is an identity of the national accounts, not a coincidence.

Source: World Development Indicators (World Bank), license CC BY 4.0.