Goods and services expense in Ghana
Ghana: Goods and services expense was 5.7% in 2022. ▼ Falling
Goods and services expense in Ghana, 2003–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2022, goods and services expense in Ghana stood at 5.7%.
The figure is down 23.9% on the previous year and down 12.9% over ten years.
Over the whole period, goods and services expense in Ghana peaked at 18.2% in 2005 and was at its lowest, 4.4%, in 2015.
That places Ghana 143rd out of 154 countries with data for 2022, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Goods and services expense in Ghana, year by year
| Year | % of expense | Change |
|---|---|---|
| 2003 | 14.1% | — |
| 2004 | 13.1% | -7.2% |
| 2005 | 18.2% | +38.5% |
| 2006 | 15.6% | -14.0% |
| 2007 | 14.9% | -4.9% |
| 2008 | 12.0% | -19.4% |
| 2009 | 16.5% | +37.4% |
| 2010 | 14.8% | -10.3% |
| 2011 | 15.8% | +7.1% |
| 2012 | 6.5% | -58.8% |
| 2013 | 6.0% | -7.5% |
| 2014 | 6.2% | +1.9% |
| 2015 | 4.4% | -29.2% |
| 2016 | 8.0% | +84.1% |
| 2017 | 5.4% | -32.1% |
| 2018 | 9.4% | +73.5% |
| 2019 | 9.9% | +4.7% |
| 2020 | 8.7% | -12.4% |
| 2021 | 7.5% | -13.7% |
| 2022 | 5.7% | -23.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.9% | 12.0% | 18.2% | 7 |
| 2010s | 8.6% | 4.4% | 15.8% | 10 |
| 2020s | 7.3% | 5.7% | 8.7% | 3 |
Countries ranked near Ghana
More public sector data for Ghana
- Arms imports 11.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.3195 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 37.5 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 11.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 7.81 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0032 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -5.83 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 268.74 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 35.16 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is goods and services expense in Ghana?
- Goods and services expense in Ghana was 5.7% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Ghana?
- The highest recorded value was 18.2% in 2005.
- What is the lowest goods and services expense recorded in Ghana?
- The lowest recorded value was 4.4% in 2015.
- How does Ghana rank for goods and services expense?
- Ghana ranks 143rd out of 154 countries with data for 2022.
- Is goods and services expense rising or falling in Ghana?
- Over the last ten years it is down 12.9%. The long-run trend across the full record is falling.
- Where does this Ghana data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (% of expense). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.