Taxes on goods and services (current LCU), annual growth rate in Ghana
Ghana: Taxes on goods and services (current LCU), annual growth rate was 41.05 % change on previous year in 2023. ◆ Volatile
Taxes on goods and services (current LCU), annual growth rate in Ghana, 1991–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Ghana recorded 41.05 % change on previous year for taxes on goods and services (current lcu), annual growth rate in 2023.
That represents a change of up 52.5% on the previous year and up 178.5% over ten years.
Over the whole period, taxes on goods and services (current lcu), annual growth rate in Ghana peaked at 154.62 % change on previous year in 2003 and was at its lowest, -6.57 % change on previous year, in 1992.
That places Ghana 10th out of 156 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (current LCU), annual growth rate in Ghana, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | 92.22 % change on previous year | — |
| 1992 | -6.57 % change on previous year | -107.1% |
| 1993 | 73.04 % change on previous year | -1211.3% |
| 2002 | 53.19 % change on previous year | -27.2% |
| 2003 | 154.62 % change on previous year | +190.7% |
| 2004 | 58.47 % change on previous year | -62.2% |
| 2005 | 20.9 % change on previous year | -64.3% |
| 2006 | 13.52 % change on previous year | -35.3% |
| 2007 | 29.52 % change on previous year | +118.3% |
| 2008 | 20.36 % change on previous year | -31.0% |
| 2009 | 7.12 % change on previous year | -65.0% |
| 2010 | 22.06 % change on previous year | +210.0% |
| 2011 | 45.64 % change on previous year | +106.9% |
| 2012 | 18.69 % change on previous year | -59.1% |
| 2013 | 14.74 % change on previous year | -21.1% |
| 2014 | 33.13 % change on previous year | +124.8% |
| 2015 | 54.28 % change on previous year | +63.8% |
| 2016 | 23.21 % change on previous year | -57.2% |
| 2017 | 9.1 % change on previous year | -60.8% |
| 2018 | 12.63 % change on previous year | +38.7% |
| 2019 | 14.11 % change on previous year | +11.7% |
| 2020 | 3.73 % change on previous year | -73.5% |
| 2021 | 39.01 % change on previous year | +944.9% |
| 2022 | 26.92 % change on previous year | -31.0% |
| 2023 | 41.05 % change on previous year | +52.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 52.89 % change on previous year | -6.57 % change on previous year | 92.22 % change on previous year | 3 |
| 2000s | 44.71 % change on previous year | 7.12 % change on previous year | 154.62 % change on previous year | 8 |
| 2010s | 24.76 % change on previous year | 9.1 % change on previous year | 54.28 % change on previous year | 10 |
| 2020s | 27.68 % change on previous year | 3.73 % change on previous year | 41.05 % change on previous year | 4 |
Countries ranked near Ghana
- 7 Iran 54.99 % change on previous year compare
- 8 Peru 49.33 % change on previous year compare
- 9 Equatorial Guinea 43.41 % change on previous year compare
- 11 Gabon 39.7 % change on previous year compare
- 12 East Timor 37.8 % change on previous year compare
- 13 Malawi 36.4 % change on previous year compare
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 taxes on goods and services (current lcu), annual growth rate in Ghana?
- Taxes on goods and services (current lcu), annual growth rate in Ghana was 41.05 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), annual growth rate recorded in Ghana?
- The highest recorded value was 154.62 % change on previous year in 2003.
- What is the lowest taxes on goods and services (current lcu), annual growth rate recorded in Ghana?
- The lowest recorded value was -6.57 % change on previous year in 1992.
- How does Ghana rank for taxes on goods and services (current lcu), annual growth rate?
- Ghana ranks 10th out of 156 countries with data for 2023.
- Is taxes on goods and services (current lcu), annual growth rate rising or falling in Ghana?
- Over the last ten years it is up 178.5%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.