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Economy of Ghana vs Kyrgyzstan compared: GDP & Debt

Updated on by Georank team

Ghana has a GDP of $82.3B compared to $17.5B for Kyrgyzstan, ranking 80/197 and 135/197 by economy size, respectively.

Ghana has $57.9B in government debt (70.3% of GDP), compared to $6.56B (37.5% of GDP) in Kyrgyzstan.

Ghana vs Kyrgyzstan GDP by year

Ghana
Kyrgyzstan
1x
Year GDP, current $
Ghana Kyrgyzstan
2024 $82,308,110,386 $17,478,259,659
2023 $80,547,146,878 $15,180,842,369
2022 $73,919,003,210 $12,134,931,018
2021 $79,514,204,730 $9,249,133,946
2020 $70,008,243,860 $8,270,468,614
2019 $68,352,629,246 $9,371,275,264
2018 $67,259,353,966 $8,271,106,235
2017 $60,385,409,435 $7,702,938,379
2016 $56,144,179,398 $6,813,095,379
2015 $49,436,806,230 $6,678,177,512
2014 $54,678,533,806 $7,468,102,413
2013 $62,845,721,960 $7,335,033,801
2012 $41,271,701,061 $6,605,142,884
2011 $39,336,668,081 $6,197,765,984
2010 $32,197,655,567 $4,794,361,863
2009 $26,048,720,006 $4,690,061,381
2008 $28,679,383,241 $5,139,958,909
2007 $24,827,339,138 $3,802,570,553
2006 $20,885,037,597 $2,834,168,889
2005 $10,744,568,381 $2,460,246,766
2004 $8,881,417,907 $2,211,534,585
2003 $7,632,723,556 $1,919,008,090
2002 $6,166,197,848 $1,605,643,105
2001 $5,314,872,854 $1,525,116,370
2000 $4,982,850,662 $1,369,688,498
1999 $7,718,109,982 $1,249,061,487
1998 $7,482,069,162 $1,645,963,750
1997 $6,891,443,192 $1,767,864,036
1996 $6,932,991,739 $1,827,570,586
1995 $6,464,382,808 $1,661,147,035
1994 $5,446,383,727 $1,681,780,847
1993 $5,968,922,939 $2,026,019,253
1992 $6,416,103,926 $2,315,346,943
1991 $6,603,185,268 $2,542,256,424
1990 $5,889,106,573 $2,660,202,623
1989 $5,251,858,440 -
1988 $5,197,765,032 -
1987 $5,074,829,932 -
1986 $5,735,677,434 -
1985 $4,504,306,723 -
1984 $4,412,279,843 -
1983 $4,057,275,132 -
1982 $4,035,994,398 -
1981 $4,222,441,860 -
1980 $4,445,228,216 -
1979 $4,020,227,920 -
1978 $3,662,478,185 -
1977 $3,189,428,571 -
1976 $2,765,254,237 -
1975 $2,810,106,383 -
1974 $2,894,409,938 -
1973 $3,006,766,758 -
1972 $2,112,293,280 -
1971 $2,417,108,578 -
1970 $2,215,028,588 -
1969 $1,962,050,556 -
1968 $1,666,909,518 -
1967 $1,747,187,645 -
1966 $2,126,300,672 -
1965 $2,053,462,968 -
1964 $1,731,296,200 -
1963 $1,540,797,589 -
1962 $1,382,515,654 -
1961 $1,302,674,325 -
1960 $1,217,230,095 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/ghana/kyrgyzstan | CC BY

GDP per capita in Ghana vs Kyrgyzstan by year

Ghana
GDP per capita

GDP per capita, PPP
Kyrgyzstan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ghana Kyrgyzstan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,391 $8,020 $2,420 $8,012
2023 $2,384 $7,556 $2,138 $7,298
2022 $2,230 $7,208 $1,740 $6,578
2021 $2,445 $6,608 $1,350 $5,736
2020 $2,195 $6,047 $1,230 $5,179
2019 $2,187 $6,003 $1,422 $5,304
2018 $2,195 $5,536 $1,284 $4,778
2017 $2,012 $5,171 $1,221 $4,954
2016 $1,912 $5,011 $1,103 $4,604
2015 $1,723 $5,191 $1,106 $4,153
2014 $1,950 $5,517 $1,265 $4,228
2013 $2,295 $5,215 $1,270 $4,001
2012 $1,544 $4,934 $1,169 $3,589
2011 $1,507 $4,381 $1,117 $3,278
2010 $1,264 $3,855 $877 $3,076
2009 $1,048 $3,617 $870 $3,097
2008 $1,183 $3,516 $966 $3,031
2007 $1,050 $3,241 $722 $2,770
2006 $906 $3,103 $543 $2,508
2005 $479 $2,904 $477 $2,386
2004 $406 $2,729 $433 $2,343
2003 $358 $2,584 $381 $2,158
2002 $297.5 $2,475 $322 $1,998
2001 $263.5 $2,397 $308 $1,986
2000 $253.7 $2,315 $279.6 $1,862
1999 $403 $2,239 $258 $1,747
1998 $400 $2,167 $345 $1,687
1997 $378 $2,097 $376 $1,659
1996 $389 $2,026 $395 $1,505
1995 $372 $1,947 $364 $1,401
1994 $321 $1,875 $372 $1,466
1993 $360 $1,821 $449 $1,795
1992 $396 $1,739 $513 $2,075
1991 $418 $1,678 $570 $2,382
1990 $383 $1,581 $606 $2,544
1989 $350 - - -
1988 $355 - - -
1987 $355 - - -
1986 $411 - - -
1985 $330 - - -
1984 $330 - - -
1983 $311 - - -
1982 $319 - - -
1981 $344 - - -
1980 $372 - - -
1979 $347 - - -
1978 $326 - - -
1977 $292.3 - - -
1976 $261 - - -
1975 $273 - - -
1974 $289.4 - - -
1973 $310 - - -
1972 $223.8 - - -
1971 $263.4 - - -
1970 $248.2 - - -
1969 $225.8 - - -
1968 $196.7 - - -
1967 $211.2 - - -
1966 $263.3 - - -
1965 $260.5 - - -
1964 $225 - - -
1963 $205 - - -
1962 $188.4 - - -
1961 $181.9 - - -
1960 $174.9 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/ghana/kyrgyzstan | CC BY

Ghana's GDP per capita is $2,391, ranking 151/197, compared to $2,420 in Kyrgyzstan, ranking 150/197. Adjusted for purchasing power (GDP per capita PPP), Ghana ranks 140th at $8,020, while Kyrgyzstan ranks 141st at $8,012.

Economic indicators

Ghana Kyrgyzstan
Gross domestic product
$82.3B
2024
$17.5B
2024
GDP rank
80/197
2024
135/197
2024
GDP growth
5.59%
2023-2024
9.04%
2023-2024
GDP per capita
$2,391
2024
$2,420
2024
GDP per capita rank
151/197
2024
150/197
2024
GDP per capita, PPP
$8,020
2024
$8,012
2024
GDP per capita PPP rank
140/197
2024
141/197
2024
Government debt
$57.9B
2024
$6.56B
2024
Debt-to-GDP ratio
70.3%
2024
37.5%
2024
Government debt per person
$1,682
2024
$908
2024
Government debt per person rank
123/185
2024
144/185
2024
Average annual personal income after taxes
$2,110
2026
$4,187
2026
Market capitalization of domestic companies
$7.58B
2024
n/a
Income share by richest 10%
32.2%
2016
23%
2023
Income share by poorest 10%
1.6%
2016
4.3%
2023
Government expenditure, % of GDP
23.2%
2024
33.7%
2024
Consumer prices inflation
22.8%
2023-2024
5%
2023-2024
Central bank interest rate
25%
2025
10%
2025
Unemployment rate
2.87%
2022
3.5%
2023
Population
35885254
7471102

Spending and national debt comparison by year

Ghana
Spending

Debt
Kyrgyzstan
Spending

Debt
1x
Year % of GDP
Ghana Kyrgyzstan
Government spending Government debt Government spending Government debt
2024 23.2% 70.3% 33.7% 37.5%
2023 18.5% 79.1% 32.9% 42%
2022 27.5% 92.7% 35% 46.8%
2021 27.2% 86.9% 32.1% 56.2%
2020 31.5% 79.1% 32.1% 63.6%
2019 22.5% 62.9% 30.8% 48.8%
2018 20.9% 62% 33.1% 54.8%
2017 17.6% 57% 37% 58.8%
2016 19.9% 55.9% 38.9% 59.1%
2015 18.6% 53.9% 38.1% 67.1%
2014 21% 50.1% 38.5% 53.6%
2013 21.6% 42.9% 38.1% 47.1%
2012 22.1% 35.5% 40.6% 50.5%
2011 19.5% 31.2% 37.4% 50.1%
2010 19% 32.9% 37.1% 59.7%
2009 16.6% 25.4% 32.5% 58.5%
2008 16.6% 23.2% 27.9% 49%
2007 16.8% 21.1% 29.6% 57.7%
2006 14.4% 17.3% 29.1% 73.4%
2005 12.9% 31.7% 29.1% 85.7%
2004 13.7% 38.4% 28.5% 92.7%
2003 12.1% 49.3% 28.1% 108.2%
2002 10.7% 54.1% 29.3% 107.9%
2001 13.8% 57.8% 28.1% 108.2%
2000 12% 74.5% 30.2% 123.3%
1999 11.1% 51.7% 35.9% 119.6%
1998 11.8% 37.6% 35.9% 85.1%
1997 12% 45.2% 31.1% 64.8%
1996 12.4% 42.9% 28.6% 57.7%
1995 13% 47.6% 37.9% 52.4%
1994 12.7% 50.6% - -
1993 12.1% 34.1% - -
1992 9.2% 21.3% - -
1991 7.09% 17.3% - -
1990 6.59% 17.8% - -
1989 7.24% 23% - -
1988 7.23% 23.5% - -
1987 7.32% 26.8% - -
1986 7.29% 18.2% - -
1985 6.08% 14.4% - -
1984 4.64% 13% - -
1983 3.49% 9.21% - -
1982 4.73% 8.51% - -
1981 5.74% 8.77% - -
1980 7.51% 9.75% - -
1979 9.14% 11.5% - -
1978 6.54% 11.4% - -
1977 10.5% 20.7% - -
1976 12.8% 26% - -
1975 13.2% 21.8% - -
1974 9.52% 21.8% - -
1973 9.35% 25.4% - -
1972 11.4% 29.8% - -
1971 11.7% 29.5% - -
1970 12.2% 31.9% - -
1969 11.2% 31.4% - -
1968 12.3% 34.5% - -
1967 11.5% 33.9% - -
1966 9.12% 29.8% - -
1965 14.2% 30.2% - -
1964 15.8% 30.8% - -
1963 15.3% 30.5% - -
1962 12.5% 11.8% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-02-20).

GeoRank.org/economy/ghana/kyrgyzstan | CC BY

In 2024, Ghana's government spending was $19.1B, accounting for 23.2% of its GDP, while Kyrgyzstan spent $5.89B, or 33.7% of GDP.

Debt-to-GDP ratio is 70.3% in Ghana and 37.5% in Kyrgyzstan, ranking 57/185 and 140/185, respectively.

Government deficit by year

Deficit/surplus
Ghana

Kyrgyzstan
1x
Year Deficit/surplus, % of GDP
Ghana Kyrgyzstan
2024 -7.31% 1.87%
2023 -3.37% 1.59%
2022 -11.8% -0.29%
2021 -12% -0.71%
2020 -17.4% -3.06%
2019 -7.52% -0.07%
2018 -6.79% -0.59%
2017 -3.97% -3.73%
2016 -6.75% -5.79%
2015 -4.01% -2.52%
2014 -7.81% -3.07%
2013 -9.12% -3.7%
2012 -8.36% -5.86%
2011 -5.47% -4.7%
2010 -7.13% -5.95%
2009 -5.05% 0.38%
2008 -5.56% 1.92%
2007 -4.91% 1.28%
2006 -3.11% -2.1%
2005 -1.87% -3.79%
2004 -2.02% -4.89%
2003 -1.99% -5.17%
2002 -2.73% -5.9%
2001 -3.64% -6.75%
2000 -3.98% -10.7%
1999 -5.64% -13.5%
1998 -5.27% -12%
1997 -6.14% -9.3%
1996 -5.61% -9.1%
1995 -4.52% -13.5%
1994 -4.99% -
1993 -5.39% -
1992 -4.5% -
1991 -1.47% -
1990 -1.93% -
1989 -0.81% -
1988 -1.08% -
1987 -0.92% -
1986 -1.26% -
1985 -1.19% -
1984 -0.98% -
1983 -1.13% -
1982 -2.03% -
1981 -3.8% -
1980 -4.73% -
1979 -3.61% -
1978 -1.21% -
1977 -4.68% -
1976 -5.53% -
1975 -4.05% -
1974 -2.06% -
1973 -2.64% -
1972 -2.19% -
1971 0.13% -
1970 -2.35% -
1969 -2.67% -
1968 -2.34% -
1967 -2.32% -
1966 -1.29% -
1965 -3.29% -
1964 -3.72% -
1963 -5.66% -
1962 -5.04% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-02-20).

GeoRank.org/economy/ghana/kyrgyzstan | CC BY

In 2024, Ghana's government deficit, the difference between spending and revenue, was $6.02B, equivalent to 7.31% of GDP. This compares to Kyrgyzstan's surplus of $327M, or 1.87% of GDP.

Over the past 30 years, Ghana recorded a fiscal deficit in 30 of those years, while Kyrgyzstan ran a deficit in 25 years. On average, Ghana posted an annual deficit equal to 6.03% of GDP, compared to deficit of 4.32% of GDP for Kyrgyzstan.

Inflation comparison by year

Inflation
Ghana

Kyrgyzstan
1x
Year Consumer prices inflation
Ghana Kyrgyzstan
2024 22.8% 5%
2023 38.1% 10.8%
2022 31.3% 13.9%
2021 9.97% 11.9%
2020 9.89% 6.3%
2019 7.14% 1.1%
2018 7.81% 1.5%
2017 12.4% 3.2%
2016 17.5% 0.4%
2015 17.1% 6.5%
2014 15.5% 7.5%
2013 11.7% 6.6%
2012 11.2% 2.8%
2011 8.73% 16.6%
2010 10.7% 8%
2009 19.2% 6.8%
2008 16.5% 24.5%
2007 10.7% 10.2%
2006 11.7% 5.6%
2005 15.4% 4.3%
2004 18% 4.1%
2003 29.8% 3%
2002 9.36% 2.1%
2001 41.5% 6.9%
2000 40.2% 19.7%
1999 4.87% 35.9%
1998 14.6% 10.5%
1997 27.9% 23.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/ghana/kyrgyzstan | CC BY

Over the past 28 years, Ghana has recorded an average annual inflation rate of 17.6%, compared with 9.25% in Kyrgyzstan. In 2024, inflation was 22.8% in Ghana and 5% in Kyrgyzstan.

Top exports between countries

Ghana
Export category Export value
Precious metals & jewellery $1K
Kyrgyzstan
Export category Export value
Machinery & equipment $18K
Miscellaneous $1K

Balance of trade

Ghana Kyrgyzstan
Current account balance
$1.68B
2024
-$5.18B
2022
Current account balance ranking
49/190
2024
167/190
2022
Current account balance, % of GDP
+2.04%
2024
-42.7%
2022
Goods imports
$15.4B
2024
$9.17B
2022
Goods exports
$19.2B
2024
$2.25B
2022
Service imports
$11.5B
2024
$1.48B
2022
Service exports
$9.27B
2024
$1.37B
2022
Imports of goods and services, % of GDP
34.3%
2024
84.2%
2024
Exports of goods and services, % of GDP
35.5%
2024
43.4%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Ghana Kyrgyzstan
Economic freedom 57.3 56
Economic freedom ranking 118/197 126/197
Property rights 50.2 22.9
Government integrity 45.4 23.9
Judicial effectiveness 57.5 8.3
Tax burden 79.4 93.2
Government spending 84 65.6
Fiscal health 10.1 97.2
Business freedom 64.5 58.2
Labor freedom 54.9 52.3
Monetary freedom 56.7 68
Trade freedom 65.2 72.6
Investment freedom 60 60
Financial freedom 60 50

Economic freedom comparison by year

Ghana
Kyrgyzstan
1x
Year Economic freedom index
Ghana Kyrgyzstan
2026 57.3 56
2025 56 55.6
2024 55.8 55.2
2023 58 55.8
2022 59.8 55.8
2021 59.2 63.7
2020 59.4 62.9
2019 57.5 62.3
2018 56 62.8
2017 56.2 61.1
2016 63 59.6
2015 63 61.3
2014 64.2 61.1
2013 61.3 59.6
2012 60.7 60.2
2011 59.4 61.1
2010 60.2 61.3
2009 58.1 61.8
2008 57 61.1
2007 57.6 60.2
2006 55.6 61
2005 56.5 56.6
2004 59.1 58
2003 58.2 56.8
2002 57.2 51.7
2001 58 53.7
2000 58.1 55.7
1999 57.9 54.8
1998 57 51.8
1997 56.7 -
1996 57.7 -
1995 55.6 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/ghana/kyrgyzstan | CC BY

The Economic Freedom Index for Ghana is 57.3, ranking 118/197, compared to 56 for Kyrgyzstan, ranking 126/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ghana Kyrgyzstan
Services, % of GDP
40.9%
2024
52.1%
2024
Industry, % of GDP
31.5%
2024
24.7%
2024
Agriculture, forestry, and fishing, % of GDP
20.9%
2024
8.61%
2024
GNI, Atlas method
$79.5B
2024
$15.8B
2024
GNI per capita, PPP
$7,720
2024
$7,900
2024
Total reserves including gold
$3.62B
2023
$5.09B
2024
Total reserves ranking
112/177
2023
100/177
2024
Net foreign direct investment
-$1.76B
2024
-$509M
2022
Net inflows of foreign direct investment
$1.77B
2024
$705M
2024
Net outflows of foreign direct investment
$5.37M
2024
$20M
2024
Servicing debt to the IMF, % of GNI
3.45%
2024
4.74%
2024
Poverty at national poverty lines
23.4%
2016
25.7%
2024
Gross capital formation, % of GDP
10%
2024
29.8%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/ghana/kyrgyzstan | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.