Net incurrence of liabilities, total in Ghana
Ghana: Net incurrence of liabilities, total was 3.2% in 2023. ◆ Volatile
Net incurrence of liabilities, total in Ghana, 2003–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for net incurrence of liabilities, total in Ghana is 3.2%, measured in 2023.
That represents a change of down 70.3% on the previous year and down 58.5% over ten years.
Over the whole period, net incurrence of liabilities, total in Ghana peaked at 11.6% in 2012 and was at its lowest, 0.8%, in 2005.
Ghana ranks 68th of 136 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total in Ghana, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2003 | 2.9% | — |
| 2004 | 1.9% | -35.0% |
| 2005 | 0.8% | -58.4% |
| 2006 | 4.2% | +429.3% |
| 2007 | 4.5% | +6.8% |
| 2008 | 6.3% | +40.5% |
| 2009 | 5.5% | -13.5% |
| 2010 | 6.3% | +15.7% |
| 2011 | 3.8% | -39.8% |
| 2012 | 11.6% | +204.6% |
| 2013 | 7.6% | -34.4% |
| 2014 | 7.3% | -4.2% |
| 2015 | 4.8% | -34.4% |
| 2016 | 6.3% | +32.8% |
| 2017 | 4.7% | -26.5% |
| 2018 | 3.8% | -18.8% |
| 2019 | 4.7% | +25.2% |
| 2020 | 11.5% | +141.8% |
| 2021 | 9.2% | -19.9% |
| 2022 | 10.6% | +15.6% |
| 2023 | 3.2% | -70.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.7% | 0.8% | 6.3% | 7 |
| 2010s | 6.1% | 3.8% | 11.6% | 10 |
| 2020s | 8.6% | 3.2% | 11.5% | 4 |
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 net incurrence of liabilities, total in Ghana?
- Net incurrence of liabilities, total in Ghana was 3.2% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Ghana?
- The highest recorded value was 11.6% in 2012.
- What is the lowest net incurrence of liabilities, total recorded in Ghana?
- The lowest recorded value was 0.8% in 2005.
- How does Ghana rank for net incurrence of liabilities, total?
- Ghana ranks 68th out of 136 countries with data for 2023.
- Is net incurrence of liabilities, total rising or falling in Ghana?
- Over the last ten years it is down 58.5%. The long-run trend across the full record is volatile.
- 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 Net incurrence of liabilities, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.