Inflation, GDP deflator: linked series in Ghana
Ghana: Inflation, GDP deflator: linked series was 14.4% in 2025. ▼ Falling
Inflation, GDP deflator: linked series in Ghana, 1990–2025
Source: Staff estimates, World Bank (WB). Measured in annual %.
Analysis
The most recent figure for inflation, gdp deflator: linked series in Ghana is 14.4%, measured in 2025.
The figure is down 44.2% on the previous year and up 8.9% over ten years.
Over the whole period, inflation, gdp deflator: linked series in Ghana peaked at 43.0% in 1995 and was at its lowest, 8.5%, in 2019.
That places Ghana 21st out of 212 countries with data for 2025, putting it in the top 10%.
The long-run direction has been consistently falling across the 36 years of available data.
Inflation, GDP deflator: linked series in Ghana, year by year
| Year | annual % | Change |
|---|---|---|
| 1990 | 31.2% | — |
| 1991 | 20.0% | -35.7% |
| 1992 | 11.2% | -44.4% |
| 1993 | 31.8% | +184.8% |
| 1994 | 30.1% | -5.1% |
| 1995 | 43.0% | +42.9% |
| 1996 | 39.8% | -7.5% |
| 1997 | 19.5% | -51.2% |
| 1998 | 17.0% | -12.4% |
| 1999 | 14.0% | -18.1% |
| 2000 | 27.2% | +94.9% |
| 2001 | 34.8% | +27.9% |
| 2002 | 22.8% | -34.5% |
| 2003 | 28.7% | +25.8% |
| 2004 | 14.4% | -50.0% |
| 2005 | 15.0% | +4.3% |
| 2006 | 12.8% | -14.5% |
| 2007 | 16.1% | +25.9% |
| 2008 | 19.4% | +20.5% |
| 2009 | 15.7% | -19.3% |
| 2010 | 16.6% | +5.9% |
| 2011 | 13.9% | -16.2% |
| 2012 | 15.2% | +9.3% |
| 2013 | 15.6% | +2.5% |
| 2014 | 23.9% | +53.6% |
| 2015 | 13.3% | -44.6% |
| 2016 | 15.7% | +18.8% |
| 2017 | 10.7% | -32.2% |
| 2018 | 10.6% | -1.0% |
| 2019 | 8.5% | -19.8% |
| 2020 | 9.4% | +10.4% |
| 2021 | 12.1% | +29.3% |
| 2022 | 28.2% | +132.8% |
| 2023 | 40.1% | +42.3% |
| 2024 | 25.9% | -35.5% |
| 2025 | 14.4% | -44.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 25.8% | 11.2% | 43.0% | 10 |
| 2000s | 20.7% | 12.8% | 34.8% | 10 |
| 2010s | 14.4% | 8.5% | 23.9% | 10 |
| 2020s | 21.7% | 9.4% | 40.1% | 6 |
Countries ranked near Ghana
More financial sector data for Ghana
- Total reserves in months of imports, annual growth rate 13.18 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 53.45 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.04 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 96.88 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate 51.14 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 99.61 SDR per person (2024)
- Total reserves (gold at market value) (SDR), annual growth rate 26.97 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 99.61 SDR per person (2024)
Frequently asked questions
- What is inflation, gdp deflator: linked series in Ghana?
- Inflation, gdp deflator: linked series in Ghana was 14.4% in 2025, according to Staff estimates, World Bank (WB).
- What is the highest inflation, gdp deflator: linked series recorded in Ghana?
- The highest recorded value was 43.0% in 1995.
- What is the lowest inflation, gdp deflator: linked series recorded in Ghana?
- The lowest recorded value was 8.5% in 2019.
- How does Ghana rank for inflation, gdp deflator: linked series?
- Ghana ranks 21st out of 212 countries with data for 2025.
- Is inflation, gdp deflator: linked series rising or falling in Ghana?
- Over the last ten years it is up 8.9%. The long-run trend across the full record is falling.
- Where does this Ghana data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Inflation, GDP deflator: linked series (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.