Terms of trade adjustment in Ghana
Ghana: Terms of trade adjustment was 1.67 billion constant LCU in 2024. ◆ Volatile
Terms of trade adjustment in Ghana, 2006–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Ghana recorded 1.67 billion constant LCU for terms of trade adjustment in 2024. That is the highest value across all 19 years on record.
Compared with earlier readings it is up 196.5% on the previous year and up 209.1% over ten years.
Over the whole period, terms of trade adjustment in Ghana peaked at 1.67 billion constant LCU in 2024 and was at its lowest, -7.04 billion constant LCU, in 2017.
That places Ghana 74th out of 178 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 |
|---|---|---|---|---|
| 2000s | 58,198 constant LCU | 46,100 constant LCU | 79,848 constant LCU | 4 |
| 2010s | -3.07 billion constant LCU | -7.04 billion constant LCU | 160,980 constant LCU | 10 |
| 2020s | -1.31 billion constant LCU | -6.10 billion constant LCU | 1.67 billion constant 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 terms of trade adjustment in Ghana?
- Terms of trade adjustment in Ghana was 1.67 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest terms of trade adjustment recorded in Ghana?
- The highest recorded value was 1.67 billion constant LCU in 2024.
- What is the lowest terms of trade adjustment recorded in Ghana?
- The lowest recorded value was -7.04 billion constant LCU in 2017.
- How does Ghana rank for terms of trade adjustment?
- Ghana ranks 74th out of 178 countries with data for 2024.
- Is terms of trade adjustment rising or falling in Ghana?
- Over the last ten years it is up 209.1%. 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 Terms of trade adjustment (constant LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The terms of trade adjustment is equal to the capacity to import (current price value of exports of goods and services deflated by the import price index) less exports of goods and services in constant prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.