Ghana vs Italy: Economic Indicators Comparison

Italy with a GDP of $2.1T ranked the 8th largest economy in the world, while Ghana ranked 73rd with $65.6B. By GDP 5-years average growth and GDP per capita, Italy and Ghana ranked 154th vs 46th and 29th vs 142nd, respectively.

Gross Domestic Product & Income

Stat	Ghana	Italy
GDP	$65.6B	$2.1T
GDP growth, 1 year	5.6%	0.9%
GDP growth, 5-years average	4.5%	0.9%
Population	26.9M	60.3M
GDP per capita	$2.2k	$34k
GDP per capita growth	3.96%	0.95%
Purchasing Power Parity conversion factor	2.13	0.7
Price level ratio of PPP conversion factor GDP to market exchange rate	0.46	0.82
GDP per capita, PPP adjusted	$6.5k	$40k
GNI, Atlas method	$63.4B	$2T
GNI per capita	$2.1k	$34k
GNI, PPP adjusted	$138.5B	$2.6T
GNI per capita, PPP adjusted	$4.7k	$42k

Financial system and Human development

Stat	Ghana	Italy
Income Tax Rate	35%	43%
Corporate Tax Rate	25%	27.5%
Inflation, consumer prices	9.8%	1.2%
Inflation, GDP deflator	10.2%	0.9%
Unemployment	6.7%	10.2%
Economic Freedom Index	59.4	63.8
Personal Freedom Index	7.64	8.79
Human Freedom Index	7.21	8.01
Property Rights Index	52.5	75.4
Judical Effectiveness Index	46.1	51.3
Business Freedom Index	58.4	70.4
Fiscal Health Index	35.6	71.1
Labor Freedom Index	59.3	50.9
Investment Freedom Index	70	80
Financial Freedom Index	60	50
Trade Freedom Index	63.8	86.4
Monetary Freedom Index	68.9	83.2
Government Spending Index	88.1	28.5
Tax Burden Index	78.4	56
Government Integrity Index	32.2	62.2
Corruption Perceptions Index	41	52
Life expectancy at birth, years	63.5	83.2
Suicide mortality rate, per 100,000 people	5.4	8.2
Mortality caused by road traffic injury, per 100,000 people	24.9	5.6
Intentional homicides, per 100,000 people	2.1	0.7
International tourism, number of arrivals	897k	61.6M

Government debt & reserves

Stat	Ghana	Italy
Central government debt, % of GDP	59.6%	132.1%
External debt stocks, % of GNI	36.3%	N/A
External debt stocks	$23.3B	N/A
Short-term debt, % of total reserves	57.7%	N/A
Total debt service, % of exports and primary income	9.4%	N/A
Adjusted net savings including particulate emission damage, % of GNI	-8.4%	6%
Gross savings, % of GDP	21%	20.8%
Gross capital formation, % of GDP	14.9%	18.2%
Total reserves including gold	$6.3B	$152.4B
Foreign direct investment net inflows	$3B	$39.6B

Exports, imports and economic structure

Stat	Ghana	Italy
Exports of goods and services, % of GDP	35.3%	31.5%
Imports of goods and services, % of GDP	36.4%	29%
Current account balance (balance of payments)	-$2B	$53.8B
Revenue excluding grants, % of GDP	27.2%	37.7%
Grants excluding technical cooperation, BoP	$713.6M	N/A
Personal remittances received	$3.5B	$9.9B
Industry including construction value added, % of GDP	31.5%	21.4%
Agriculture, forestry and fishing value added, % of GDP	18.3%	1.9%
Charges for the use of intellectual property, payments BoP	$700k	$5.1B
Charges for the use of intellectual property, receipts BoP	N/A	$4.9B
Expense, % of GDP	30.5%	41.3%
Government Expenditure, % of GDP	20%	48.8%