Stock market capitalization to GDP (%) in Ghana
Ghana: Stock market capitalization to GDP (%) was 13.2% in 2020. ◆ Volatile
Stock market capitalization to GDP in Ghana, 1993–2020
Source: Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's. Measured in %.
Analysis
The most recent figure for stock market capitalization to gdp in Ghana is 13.2%, measured in 2020.
Compared with earlier readings it is up 44.2% over ten years.
Over the whole period, stock market capitalization to gdp in Ghana peaked at 34.9% in 1994 and was at its lowest, 2.0%, in 1993.
That places Ghana 73rd out of 91 countries with data for 2020, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Stock market capitalization to GDP (%) in Ghana, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 2.0% | — |
| 1994 | 34.9% | +1604.7% |
| 1995 | 25.8% | -26.0% |
| 1996 | 23.9% | -7.3% |
| 1997 | 16.4% | -31.5% |
| 1998 | 18.5% | +13.1% |
| 1999 | 11.9% | -35.7% |
| 2000 | 10.0% | -15.8% |
| 2001 | 5.3% | -47.5% |
| 2002 | 5.7% | +7.7% |
| 2003 | 8.4% | +47.7% |
| 2004 | 5.4% | -35.5% |
| 2005 | 5.7% | +5.0% |
| 2006 | 3.7% | -34.5% |
| 2007 | 9.7% | +160.1% |
| 2008 | 9.9% | +2.5% |
| 2009 | 9.3% | -6.1% |
| 2010 | 9.2% | -1.7% |
| 2011 | 7.9% | -14.0% |
| 2020 | 13.2% | +67.6% |
Ghana compared with similar countries
- Ghana's 13.2% is below the median for lower middle income countries, which is 16.5%, 80% of the median. (18 countries reporting)
- Ghana's 13.2% is below the median for Sub-Saharan Africa, which is 16.9%, 78% of the median. (11 countries reporting)
Biggest year-on-year movements
Years where Stock market capitalization to GDP (%) 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 |
|---|---|---|---|
| 1994 | +1604.7% | 2.0% | 34.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.1% | 2.0% | 34.9% | 7 |
| 2000s | 7.3% | 3.7% | 10.0% | 10 |
| 2010s | 8.5% | 7.9% | 9.2% | 2 |
| 2020s | 13.2% | 13.2% | 13.2% | 1 |
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 stock market capitalization to gdp in Ghana?
- Stock market capitalization to gdp in Ghana was 13.2% in 2020, according to Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's.
- What is the highest stock market capitalization to gdp recorded in Ghana?
- The highest recorded value was 34.9% in 1994.
- What is the lowest stock market capitalization to gdp recorded in Ghana?
- The lowest recorded value was 2.0% in 1993.
- How does Ghana rank for stock market capitalization to gdp?
- Ghana ranks 73rd out of 91 countries with data for 2020.
- Is stock market capitalization to gdp rising or falling in Ghana?
- Over the last ten years it is up 44.2%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's, published as part of Stock market capitalization to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Value of listed shares to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is stock market capitalization, P_e is end-of period CPI, and P_a is average annual CPI. End-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF) and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).