Stock market capitalization to GDP in Ghana

Ghana: Stock market capitalization to GDP was 13.2% in 2020. ◆ Volatile

Latest (2020)
13.2%
World rank
73rd
of 91 countries
All-time high
34.9%
in 1994
All-time low
2.0%
in 1993
Years of data
20
1993–2020

Stock market capitalization to GDP in Ghana, 1993–2020

01020301993200620201993: 2 %1994: 34.9 %1995: 25.8 %1996: 23.9 %1997: 16.4 %1998: 18.5 %1999: 11.9 %2000: 10 %2001: 5.3 %2002: 5.7 %2003: 8.4 %2004: 5.4 %2005: 5.7 %2006: 3.7 %2007: 9.7 %2008: 9.9 %2009: 9.3 %2010: 9.2 %2011: 7.9 %2020: 13.2 %

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

Annual values for Stock market capitalization to GDP (%) in Ghana, 1993 to 2020.
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%

Averages by decade

DecadeAverage LowestHighest 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

  1. 70 Slovenia 15.8% compare
  2. 71 Pakistan 15.2% compare
  3. 72 Zambia 13.6% compare
  4. 74 Nigeria 13.1% compare
  5. 75 Côte d'Ivoire 12.0% compare
  6. 76 Cayman Islands 11.5% compare

See the full ranking of 91 places →

More financial sector data for Ghana

All data for Ghana →

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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Stock market capitalization to GDP in Ghana. Statizoid, drawing on Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's. Retrieved 02 September 2026, from https://financial-sector.statizoid.com/stat/stock-market-capitalization-to-gdp-percent/ghana/

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About this data

Indicator
Stock market capitalization to GDP (%)
Unit
%
Source
Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
91 places, 2,329 data points, 1975–2020
Last refreshed

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).