Trade balance — all countries

Trade balance — Ghana

Trade balance in Ghana in 2024 — 953,399,973 US$. Ranked 63 in the world out of 171. Since 1960, the indicator has risen by 1,180.4%.

2024 953M US$ +239.87% vs 2023
World rank 63of 171
Period maximum 953M US$2024
Period minimum -6.21B US$2013

Trend over time

1960–2024 · US$

Trade balance — Ghana, 1960–2024-8B-6B-4B-2B02B19601967197419811988199520022009201620231960: -88,245,680 US$1962: -58,830,453 US$1964: -68,635,529 US$1966: -106,455,106 US$1968: -7,844,280 US$1970: -30,396,585 US$1972: 116,307,445 US$1974: -100,621,118 US$1976: -9,322,034 US$1978: -48,691,099 US$1980: -30,601,660 US$1982: 14,379,085 US$1984: -120,303,327 US$1986: -204,161,059 US$1988: -305,562,698 US$1990: -528,394,040 US$1992: -740,526,497 US$1994: -626,545,496 US$1996: -553,292,937 US$1998: -961,957,641 US$2000: -919,032,737 US$2002: -755,774,800 US$2004: -1,870,753,812 US$2006: -3,175,919,428 US$2008: -5,579,663,206 US$2010: -5,288,265,245 US$2012: -5,138,161,192 US$2014: -4,031,316,042 US$2016: -3,082,608,043 US$2018: -705,366,714 US$2020: -2,467,550,988 US$2022: -582,015,087 US$2024: 953,399,973 US$
Change over the period: +1.04B (+1,180.39%)

Comparison, 2024

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

Ghana 953M US$
World computed 863B US$
Sub-Saharan Africa computed -35.13B US$
Western Africa computed -14.54B US$
Lower-middle-income countries computed -351B US$
Trade balance — Ghana, by year Ghana All countries CSV XLSX
Year US$ Change Change, %
2024 953M +1.64B +239.87%
2023 -682M −99.6M −17.11%
2022 -582M +1.48B +71.82%
2021 -2.07B +402M +16.3%
2020 -2.47B −1.15B −87.48%
2019 -1.32B −611M −86.6%
2018 -705M +982M +58.2%
2017 -1.69B +1.4B +45.26%
2016 -3.08B +1.3B +29.61%
2015 -4.38B −348M −8.63%
2014 -4.03B +2.18B +35.06%
2013 -6.21B −1.07B −20.82%
2012 -5.14B −252M −5.15%
2011 -4.89B +402M +7.6%
2010 -5.29B −1.9B −56.03%
2009 -3.39B +2.19B +39.26%
2008 -5.58B −1.53B −37.84%
2007 -4.05B −872M −27.46%
2006 -3.18B −460M −16.96%
2005 -2.72B −845M −45.15%
2004 -1.87B −655M −53.87%
2003 -1.22B −460M −60.87%
2002 -756M +285M +27.37%
2001 -1.04B −122M −13.23%
2000 -919M +435M +32.15%
1999 -1.35B −392M −40.8%
1998 -962M +456M +32.18%
1997 -1.42B −865M −156.35%
1996 -553M −8.33M −1.53%
1995 -545M +81.58M +13.02%
1994 -627M +338M +35.05%
1993 -965M −224M −30.27%
1992 -741M −175M −30.99%
1991 -565M −36.92M −6.99%
1990 -528M −129M −32.37%
1989 -399M −93.61M −30.64%
1988 -306M +25.46M +7.69%
1987 -331M −127M −62.14%
1986 -204M −71.97M −54.44%
1985 -132M −11.89M −9.89%
1984 -120M −103M −584.69%
1983 -17.57M −31.95M −222.2%
1982 14.38M +38.33M +160.03%
1981 -23.95M +6.65M +21.72%
1980 -30.6M −33.45M −1,174.12%
1979 2.85M +51.54M +105.85%
1978 -48.69M −15.26M −45.66%
1977 -33.43M −24.11M −258.6%
1976 -9.32M −35.39M −135.77%
1975 26.06M +127M +125.9%
1974 -101M −253M −166.19%
1973 152M +35.71M +30.7%
1972 116M +225M +207.41%
1971 -108M −77.89M −256.25%
1970 -30.4M −18.63M −158.33%
1969 -11.77M −3.92M −50%
1968 -7.84M +36.3M +82.23%
1967 -44.14M +62.31M +58.53%
1966 -106M +91.05M +46.1%
1965 -198M −129M −187.76%
1964 -68.64M +28.01M +28.99%
1963 -96.65M −37.82M −64.29%
1962 -58.83M +75.64M +56.25%
1961 -134M −46.22M −52.38%
1960 -88.25M

About the indicator

The balance of foreign trade in goods and services: exports minus imports. This is the largest part of the current account but not the whole of it — investment income and remittances do not enter the trade balance, and for countries with large transfers the two indicators move in opposite directions. A surplus is not in itself a sign of a healthy economy: a country importing equipment for construction will run a deficit precisely because it is investing in growth.

Important: Goods and services together. For countries with large service exports — tourism, transport, software — the merchandise balance can be negative while the overall balance is positive.

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