Imports of goods and services, Volume, Cost insurance freight (CIF) in Ghana
Ghana: Imports of goods and services, Volume, Cost insurance freight (CIF) was 7.07 in 2031. ◆ Volatile
Imports of goods and services, Volume, Cost insurance freight (CIF) in Ghana, 1980–2031
Source: International Monetary Fund.
Analysis
The most recent figure for imports of goods and services, volume, cost insurance freight (cif) in Ghana is 7.07, measured in 2031.
That represents a change of down 7.1% on the previous year and down 45.7% over ten years.
Over the whole period, imports of goods and services, volume, cost insurance freight (cif) in Ghana peaked at 47.19 in 2011 and was at its lowest, -15.57, in 2009.
That places Ghana 2nd out of 26 countries with data for 2031, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods and services, Volume, Cost insurance freight (CIF) in Ghana, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 9.4 | — |
| 1981 | -5.5 | -158.5% |
| 1982 | -3.5 | -36.4% |
| 1983 | -3.4 | -2.9% |
| 1984 | 10.12 | -397.7% |
| 1985 | 25.81 | +155.0% |
| 1986 | 21.3 | -17.5% |
| 1987 | 1.18 | -94.5% |
| 1988 | 19.27 | +1537.4% |
| 1989 | -8.24 | -142.7% |
| 1990 | -4.94 | -40.1% |
| 1991 | 21.07 | -526.9% |
| 1992 | 6.24 | -70.4% |
| 1993 | 11.79 | +89.0% |
| 1994 | 5.98 | -49.3% |
| 1995 | 4.49 | -25.0% |
| 1996 | 11.36 | +153.1% |
| 1997 | 1.21 | -89.4% |
| 1998 | 36.29 | +2911.7% |
| 1999 | 8.55 | -76.4% |
| 2000 | -7.04 | -182.3% |
| 2001 | 10.12 | -243.8% |
| 2002 | -3.53 | -134.9% |
| 2003 | 14.3 | -505.1% |
| 2004 | 22.3 | +56.0% |
| 2005 | 17.31 | -22.4% |
| 2006 | 26.79 | +54.8% |
| 2007 | 24.54 | -8.4% |
| 2008 | 25.99 | +5.9% |
| 2009 | -15.57 | -159.9% |
| 2010 | 30.33 | -294.8% |
| 2011 | 47.19 | +55.6% |
| 2012 | 11.28 | -76.1% |
| 2013 | 1.87 | -83.5% |
| 2014 | -14.69 | -886.6% |
| 2015 | 0.4234 | -102.9% |
| 2016 | -2.9 | -785.5% |
| 2017 | 8.03 | -376.7% |
| 2018 | 8.12 | +1.1% |
| 2019 | 10.53 | +29.6% |
| 2020 | -7.32 | -169.6% |
| 2021 | 13 | -277.5% |
| 2022 | 5.97 | -54.1% |
| 2023 | -0.669 | -111.2% |
| 2024 | 8.66 | -1394.6% |
| 2025 | 20.56 | +137.3% |
| 2026 | 10.6 | -48.4% |
| 2027 | 3.09 | -70.9% |
| 2028 | 5.39 | +74.4% |
| 2029 | 6.95 | +29.0% |
| 2030 | 7.61 | +9.5% |
| 2031 | 7.07 | -7.1% |
Ghana compared with similar countries
- Ghana's 7.07 is above the median for lower middle income countries, which is 5.24, 1.3× the median. (5 countries reporting)
Biggest year-on-year movements
Years where Imports of goods and services, Volume, Cost insurance freight (CIF) in Ghana changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1998 | +2911.7% | 1.21 | 36.29 |
| 1988 | +1537.4% | 1.18 | 19.27 |
| 2024 | +1394.6% | -0.669 | 8.66 |
| 2014 | -886.6% | 1.87 | -14.69 |
| 2016 | -785.5% | 0.4234 | -2.9 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.64 | -8.24 | 25.81 | 10 |
| 1990s | 10.21 | -4.94 | 36.29 | 10 |
| 2000s | 11.52 | -15.57 | 26.79 | 10 |
| 2010s | 10.02 | -14.69 | 47.19 | 10 |
| 2020s | 6.62 | -7.32 | 20.56 | 10 |
| 2030s | 7.34 | 7.07 | 7.61 | 2 |
Countries ranked near Ghana
More financial sector data for Ghana
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 3.61 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 2.64 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 3.61 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is imports of goods and services, volume, cost insurance freight (cif) in Ghana?
- Imports of goods and services, volume, cost insurance freight (cif) in Ghana was 7.07 in 2031, according to International Monetary Fund.
- What is the highest imports of goods and services, volume, cost insurance freight (cif) recorded in Ghana?
- The highest recorded value was 47.19 in 2011.
- What is the lowest imports of goods and services, volume, cost insurance freight (cif) recorded in Ghana?
- The lowest recorded value was -15.57 in 2009.
- How does Ghana rank for imports of goods and services, volume, cost insurance freight (cif)?
- Ghana ranks 2nd out of 26 countries with data for 2031.
- Is imports of goods and services, volume, cost insurance freight (cif) rising or falling in Ghana?
- Over the last ten years it is down 45.7%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from International Monetary Fund, published as part of Imports of goods and services, Volume, Cost insurance freight (CIF), Percent change (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.