Ghana Private Consumption: % of GDP

Key information about Ghana Private Consumption: % of GDP

• Ghana Private Consumption accounted for 84.6 % of its Nominal GDP in Dec 2024, compared with a ratio of 85.4 % in the previous year.
• Ghana Private Consumption contribution to Nominal GDP ratio is updated yearly, available from Dec 2006 to Dec 2024, with an average share of 73.5 %.
• The data reached an all-time high of 85.4 % in Dec 2023 and a record low of 55.3 % in Dec 2006.

CEIC calculates annual Private Consumption as % of Nominal GDP from annual Private Consumption Expenditure and annual Nominal GDP. Private Consumption Expenditure is calculated as sum of Household and NPISHs Consumption. Ghana Statistical Service provides Private Consumption Expenditure in local currency and Nominal GDP in local currency, based on SNA 2008. Private Consumption as % of Nominal GDP prior to 2013 is calculated from Private Consumption Expenditure based on SNA 1993.


Related information about Ghana Private Consumption: % of GDP

• In the latest reports, Ghana GDP expanded 1.4 % YoY in Jun 2025.
• Its Nominal GDP reached 25.6 USD bn in Jun 2025.
• Ghana GDP Per Capita reached 2,513.1 USD in Dec 2024.
• Its Gross Savings Rate was measured at 10.5 % in Dec 2024.

View Ghana's Private Consumption: % of GDP from 2006 to 2024 in the chart:

What was Ghana's Private Consumption: % of GDP in 2024?

Ghana Private Consumption accounted for 84.6 % of its Nominal GDP in Dec 2024, compared with a ratio of 85.4 % in the previous year. See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
84.6 2024	85.4 2023	55.3 2006	85.4 2023	%	yearly	2006 - 2024

Private Consumption: % of GDP by Country Comparison

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