Final consumption expenditure in Ghana
Ghana: Final consumption expenditure was 1.04 trillion current LCU in 2024. ◆ Volatile
Final consumption expenditure 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 final consumption expenditure in Ghana is 1.04 trillion current LCU, measured in 2024. That is the highest value across all 65 years on record.
That represents a change of up 28.9% on the previous year and up 715.7% over ten years.
Over the whole period, final consumption expenditure in Ghana peaked at 1.04 trillion current LCU in 2024 and was at its lowest, 72,000 current LCU, in 1960.
That places Ghana 96th out of 187 countries with data for 2024, putting it 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 | 118,530 current LCU | 72,000 current LCU | 177,700 current LCU | 10 |
| 1970s | 809,830 current LCU | 197,000 current LCU | 2.64 million current LCU | 10 |
| 1980s | 44.82 million current LCU | 4.07 million current LCU | 133.77 million current LCU | 10 |
| 1990s | 806.30 million current LCU | 181.57 million current LCU | 1.99 billion current LCU | 10 |
| 2000s | 14.07 billion current LCU | 2.56 billion current LCU | 35.35 billion current LCU | 10 |
| 2010s | 149.62 billion current LCU | 46.36 billion current LCU | 296.92 billion current LCU | 10 |
| 2020s | 618.28 billion current LCU | 334.33 billion current LCU | 1.04 trillion 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 final consumption expenditure in Ghana?
- Final consumption expenditure in Ghana was 1.04 trillion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Ghana?
- The highest recorded value was 1.04 trillion current LCU in 2024.
- What is the lowest final consumption expenditure recorded in Ghana?
- The lowest recorded value was 72,000 current LCU in 1960.
- How does Ghana rank for final consumption expenditure?
- Ghana ranks 96th out of 187 countries with data for 2024.
- Is final consumption expenditure rising or falling in Ghana?
- Over the last ten years it is up 715.7%. 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 Final consumption expenditure (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. 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.