External balance on goods and services in Ghana
Ghana: External balance on goods and services was 13.54 billion current LCU in 2024. ◆ Volatile
External balance on goods and services in Ghana, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for external balance on goods and services in Ghana is 13.54 billion current LCU, measured in 2024. That is the highest value across all 65 years on record.
Compared with earlier readings it is up 280.2% on the previous year and up 215.7% over ten years.
Over the whole period, external balance on goods and services in Ghana peaked at 13.54 billion current LCU in 2024 and was at its lowest, -16.26 billion current LCU, in 2015.
Ghana ranks 51st of 192 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -5,940 current LCU | -14,100 current LCU | -800 current LCU | 10 |
| 1970s | -3,220 current LCU | -27,900 current LCU | 17,700 current LCU | 10 |
| 1980s | -2.55 million current LCU | -10.77 million current LCU | 30,800 current LCU | 10 |
| 1990s | -122.26 million current LCU | -361.14 million current LCU | -17.23 million current LCU | 10 |
| 2000s | -2.44 billion current LCU | -5.87 billion current LCU | -500.80 million current LCU | 10 |
| 2010s | -9.41 billion current LCU | -16.26 billion current LCU | -3.24 billion current LCU | 10 |
| 2020s | -4.92 billion current LCU | -13.81 billion current LCU | 13.54 billion current LCU | 5 |
Countries ranked near Ghana
More economy & growth data for Ghana
- DEC alternative conversion factor 12.56 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 12.07 billion current LCU (2017)
- Net secondary income (Net current transfers from abroad) 2.77 billion current US$ (2017)
- Taxes less subsidies on products 94.62 billion current LCU (2025)
- Taxes less subsidies on products 7.54 billion current US$ (2025)
- Net primary income (Net income from abroad) -87.71 billion current LCU (2025)
- Net primary income (Net income from abroad) -6.99 billion current US$ (2025)
- GNI per capita 38,398 current LCU (2025)
- GNI per capita, Atlas method 2,630 current US$ (2025)
- GNI 1.35 trillion current LCU (2025)
Frequently asked questions
- What is external balance on goods and services in Ghana?
- External balance on goods and services in Ghana was 13.54 billion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Ghana?
- The highest recorded value was 13.54 billion current LCU in 2024.
- What is the lowest external balance on goods and services recorded in Ghana?
- The lowest recorded value was -16.26 billion current LCU in 2015.
- How does Ghana rank for external balance on goods and services?
- Ghana ranks 51st out of 192 countries with data for 2024.
- Is external balance on goods and services rising or falling in Ghana?
- Over the last ten years it is up 215.7%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.