Ghana: Trade (% of GDP)
In , Ghana's Trade (% of GDP) was 69.79.
That's up 8.4% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Ghana ranks #96 globally out of 160 reporting countries. Within Sub-Saharan Africa, it ranks #15 of 39.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 98.17
- Trough
- 60.76
- 1-year change
- +8.4%
- 5-year change
- -9.2%
- -1.9% / yr
- 10-year change
- +9.3%
- +0.9% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 69.7884 | |
| 64.3879 | |
| 70.1155 | |
| 62.7078 | |
| 66.5755 | |
| 76.8248 | |
| 67.9585 | |
| 70.5484 | |
| 67.8770 | |
| 76.5213 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Ghana's Trade (% of GDP) in 2024?
- In 2024, Ghana's Trade (% of GDP) was 69.79, according to World Bank Open Data.
- Is Ghana's Trade (% of GDP) rising or falling?
- Ghana's Trade (% of GDP) rose 8.4% from 2023 to 2024.
- How does Ghana rank globally on Trade (% of GDP)?
- In 2024, Ghana ranked #96 out of 160 countries reporting Trade (% of GDP).
- How does Ghana's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Ghana is below the world average. Within Sub-Saharan Africa, it ranks #15 of 39.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.