Fuel exports (% of merchandise exports) — all countries

Fuel exports (% of merchandise exports) — Ghana

Fuel exports (% of merchandise exports) in Ghana in 2023 — 24.53%. Ranked 31 in the world out of 157. Since 1962, the indicator has risen by 24.53 pp.

2023 24.53% −6.47 pp vs 2022
World rank 31of 157
Period maximum 40.42%2011
Period minimum 0%1962

Trend over time

1962–2023 · % of merchandise exports

Fuel exports (% of merchandise exports) — Ghana, 1962–2023020406019621969197619831990199720042011201820231962: 0%1963: 0.07%1964: 1.01%1965: 1.03%1966: 0.56%1967: 0.68%1968: 0.55%1969: 0.69%1970: 0.15%1971: 0.8%1972: 0.81%1973: 0.68%1974: 1.93%1975: 2.79%1976: 2.15%1977: 1.61%1978: 0.65%1979: 0.95%1980: 0.39%1981: 12.31%1982: 9.77%1983: 20.85%1984: 3.9%1992: 5.4%1996: 3.36%1997: 3.07%1998: 3.27%1999: 4.42%2000: 4.9%2001: 7.98%2003: 0.05%2004: 2.26%2005: 2.42%2006: 0.45%2007: 0.76%2008: 1.33%2009: 1.75%2010: 0.11%2011: 40.42%2012: 28.96%2013: 24.74%2014: 29.74%2015: 21.7%2016: 12.98%2017: 25.35%2018: 30.61%2019: 31.7%2021: 26.66%2022: 31%2023: 24.53%
Change over the period: +24.53 pp Annual average: 0.4 pp

Comparison, 2023

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

Ghana 24.53%
World 12.36%
Western Africa computed 50.09%
Fuel exports (% of merchandise exports) — Ghana, by year Ghana All countries CSV XLSX
Year % Change, pp
2023 24.53 −6.47 pp
2022 31 +4.34 pp
2021 26.66
2019 31.7 +1.1 pp
2018 30.61 +5.26 pp
2017 25.35 +12.36 pp
2016 12.98 −8.72 pp
2015 21.7 −8.04 pp
2014 29.74 +5 pp
2013 24.74 −4.22 pp
2012 28.96 −11.46 pp
2011 40.42 +40.31 pp
2010 0.11 −1.64 pp
2009 1.75 +0.42 pp
2008 1.33 +0.57 pp
2007 0.76 +0.31 pp
2006 0.45 −1.97 pp
2005 2.42 +0.16 pp
2004 2.26 +2.21 pp
2003 0.05
2001 7.98 +3.09 pp
2000 4.9 +0.48 pp
1999 4.42 +1.15 pp
1998 3.27 +0.2 pp
1997 3.07 −0.29 pp
1996 3.36
1992 5.4
1984 3.9 −16.94 pp
1983 20.85 +11.07 pp
1982 9.77 −2.53 pp
1981 12.31 +11.91 pp
1980 0.39 −0.56 pp
1979 0.95 +0.3 pp
1978 0.65 −0.96 pp
1977 1.61 −0.54 pp
1976 2.15 −0.64 pp
1975 2.79 +0.86 pp
1974 1.93 +1.25 pp
1973 0.68 −0.13 pp
1972 0.81 +0 pp
1971 0.8 +0.65 pp
1970 0.15 −0.53 pp
1969 0.69 +0.14 pp
1968 0.55 −0.14 pp
1967 0.68 +0.12 pp
1966 0.56 −0.47 pp
1965 1.03 +0.02 pp
1964 1.01 +0.94 pp
1963 0.07 +0.07 pp
1962 0

About the indicator

The share of fuel — oil, gas, coal and the products of their refining — in a country's merchandise exports. This is the most direct measure of commodity dependence: for a dozen states the share exceeds ninety percent, meaning that all other exports together take up less than a tenth. A high value speaks not of wealth but of fragility: the revenue of such a country moves with the price of a single commodity, over which it has no influence.

Important: The share is of merchandise exports, not of all exports: services do not enter the denominator. The aggregate for country groups is weighted by merchandise exports — the denominator of the indicator itself.

Source: UNCTADstat (UNCTAD), license CC BY 3.0 IGO.