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Economy of Ghana vs Mauritius compared: GDP & Debt

Updated on by Georank team

Ghana has a GDP of $82.3B compared to $14.9B for Mauritius, ranking 80/197 and 143/197 by economy size, respectively.

Ghana has $57.9B in government debt (70.3% of GDP), compared to $13.6B (91.1% of GDP) in Mauritius.

Ghana vs Mauritius GDP by year

Ghana
Mauritius
1x
Year GDP, current $
Ghana Mauritius
2024 $82,308,110,386 $14,937,861,786
2023 $80,547,146,878 $14,072,212,290
2022 $73,919,003,210 $12,936,444,123
2021 $79,514,204,730 $11,622,048,697
2020 $70,008,243,860 $11,566,111,138
2019 $68,352,629,246 $14,645,235,205
2018 $67,259,353,966 $14,957,535,716
2017 $60,385,409,435 $13,896,938,315
2016 $56,144,179,398 $12,757,680,847
2015 $49,436,806,230 $12,162,211,503
2014 $54,678,533,806 $13,230,490,082
2013 $62,845,721,960 $12,434,596,541
2012 $41,271,701,061 $11,832,323,837
2011 $39,336,668,081 $11,677,718,382
2010 $32,197,655,567 $10,144,716,155
2009 $26,048,720,006 $9,264,513,545
2008 $28,679,383,241 $10,127,777,060
2007 $24,827,339,138 $8,277,442,915
2006 $20,885,037,597 $7,137,710,413
2005 $10,744,568,381 $6,576,108,447
2004 $8,881,417,907 $6,667,418,752
2003 $7,632,723,556 $5,894,873,920
2002 $6,166,197,848 $4,906,494,249
2001 $5,314,872,854 $4,675,755,867
2000 $4,982,850,662 $4,726,108,622
1999 $7,718,109,982 $4,402,193,195
1998 $7,482,069,162 $4,225,813,976
1997 $6,891,443,192 $4,243,755,308
1996 $6,932,991,739 $4,481,489,762
1995 $6,464,382,808 $4,094,741,652
1994 $5,446,383,727 $3,606,050,873
1993 $5,968,922,939 $3,307,302,126
1992 $6,416,103,926 $3,267,677,814
1991 $6,603,185,268 $2,895,354,736
1990 $5,889,106,573 $2,689,212,760
1989 $5,251,858,440 $2,211,312,823
1988 $5,197,765,032 $2,163,252,449
1987 $5,074,829,932 $1,906,174,438
1986 $5,735,677,434 $1,482,601,552
1985 $4,504,306,723 $1,090,611,325
1984 $4,412,279,843 $1,054,564,759
1983 $4,057,275,132 $1,104,956,573
1982 $4,035,994,398 $1,092,923,636
1981 $4,222,441,860 $1,157,769,444
1980 $4,445,228,216 $1,147,027,924
1979 $4,020,227,920 $1,227,446,632
1978 $3,662,478,185 $1,029,040,323
1977 $3,189,428,571 $834,722,972
1976 $2,765,254,237 $713,510,052
1975 $2,810,106,383 $673,311,287
1974 $2,894,409,938 $669,894,030
1973 $3,006,766,758 $404,285,775
1972 $2,112,293,280 $318,664,900
1971 $2,417,108,578 $251,437,338
1970 $2,215,028,588 $224,125,805
1969 $1,962,050,556 $221,553,613
1968 $1,666,909,518 $206,576,631
1967 $1,747,187,645 $238,439,291
1966 $2,126,300,672 $227,534,083
1965 $2,053,462,968 $230,024,161
1964 $1,731,296,200 $218,914,569
1963 $1,540,797,589 $253,839,558
1962 $1,382,515,654 $197,738,208
1961 $1,302,674,325 $191,757,729
1960 $1,217,230,095 $162,089,564

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

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

GDP per capita in Ghana vs Mauritius by year

Ghana
GDP per capita

GDP per capita, PPP
Mauritius
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ghana Mauritius
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,391 $8,020 $11,991 $31,840
2023 $2,384 $7,556 $11,270 $29,561
2022 $2,230 $7,208 $10,247 $26,874
2021 $2,445 $6,608 $9,178 $23,010
2020 $2,195 $6,047 $9,136 $21,622
2019 $2,187 $6,003 $11,568 $24,375
2018 $2,195 $5,536 $11,819 $23,416
2017 $2,012 $5,171 $10,987 $22,898
2016 $1,912 $5,011 $10,095 $21,952
2015 $1,723 $5,191 $9,631 $20,270
2014 $1,950 $5,517 $10,490 $19,294
2013 $2,295 $5,215 $9,877 $18,435
2012 $1,544 $4,934 $9,422 $17,259
2011 $1,507 $4,381 $9,324 $16,884
2010 $1,264 $3,855 $8,113 $15,920
2009 $1,048 $3,617 $7,427 $15,105
2008 $1,183 $3,516 $8,141 $14,569
2007 $1,050 $3,241 $6,677 $13,612
2006 $906 $3,103 $5,784 $12,593
2005 $479 $2,904 $5,354 $11,703
2004 $406 $2,729 $5,461 $11,216
2003 $358 $2,584 $4,858 $10,535
2002 $297.5 $2,475 $4,073 $9,824
2001 $263.5 $2,397 $3,909 $9,586
2000 $253.7 $2,315 $3,982 $9,143
1999 $403 $2,239 $3,746 $8,344
1998 $400 $2,167 $3,642 $8,121
1997 $378 $2,097 $3,696 $7,651
1996 $389 $2,026 $3,952 $7,206
1995 $372 $1,947 $3,648 $6,771
1994 $321 $1,875 $3,240 $6,414
1993 $360 $1,821 $3,014 $6,116
1992 $396 $1,739 $3,013 $5,753
1991 $418 $1,678 $2,705 $5,351
1990 $383 $1,581 $2,540 $5,010
1989 $350 - $2,103 -
1988 $355 - $2,074 -
1987 $355 - $1,840 -
1986 $411 - $1,442 -
1985 $330 - $1,069 -
1984 $330 - $1,042 -
1983 $311 - $1,103 -
1982 $319 - $1,101 -
1981 $344 - $1,181 -
1980 $372 - $1,187 -
1979 $347 - $1,292 -
1978 $326 - $1,102 -
1977 $292.3 - $906 -
1976 $261 - $787 -
1975 $273 - $755 -
1974 $289.4 - $763 -
1973 $310 - $467 -
1972 $223.8 - $374 -
1971 $263.4 - $299.6 -
1970 $248.2 - $271.3 -
1969 $225.8 - $272.7 -
1968 $196.7 - $258.7 -
1967 $211.2 - $304 -
1966 $263.3 - $296 -
1965 $260.5 - $305 -
1964 $225 - $297.3 -
1963 $205 - $353 -
1962 $188.4 - $282.3 -
1961 $181.9 - $281.7 -
1960 $174.9 - $238.3 -

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

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

Ghana's GDP per capita is $2,391, ranking 151/197, compared to $11,991 in Mauritius, ranking 78/197. Adjusted for purchasing power (GDP per capita PPP), Ghana ranks 140th at $8,020, while Mauritius ranks 71st at $31,840.

Economic indicators

Ghana Mauritius
Gross domestic product
$82.3B
2024
$14.9B
2024
GDP rank
80/197
2024
143/197
2024
GDP growth
5.59%
2023-2024
4.93%
2023-2024
GDP per capita
$2,391
2024
$11,991
2024
GDP per capita rank
151/197
2024
78/197
2024
GDP per capita, PPP
$8,020
2024
$31,840
2024
GDP per capita PPP rank
140/197
2024
71/197
2024
Government debt
$57.9B
2024
$13.6B
2024
Debt-to-GDP ratio
70.3%
2024
91.1%
2024
Government debt per person
$1,682
2024
$10,929
2024
Government debt per person rank
123/185
2024
54/185
2024
Average annual personal income after taxes
$2,110
2026
$7,203
2026
Market capitalization of domestic companies
$7.58B
2024
$9.12B
2024
Income share by richest 10%
32.2%
2016
29.9%
2017
Income share by poorest 10%
1.6%
2016
2.9%
2017
Government expenditure, % of GDP
23.2%
2024
33.7%
2024
Consumer prices inflation
22.8%
2023-2024
3.6%
2023-2024
Central bank interest rate
25%
2025
4.5%
2025
Unemployment rate
2.87%
2022
5.21%
2024
Population
35885254
1240121

Spending and national debt comparison by year

Ghana
Spending

Debt
Mauritius
Spending

Debt
1x
Year % of GDP
Ghana Mauritius
Government spending Government debt Government spending Government debt
2024 23.2% 70.3% 33.7% 91.1%
2023 18.5% 79.1% 29.9% 85.6%
2022 27.5% 92.7% 29.4% 86.9%
2021 27.2% 86.9% 30.8% 93.8%
2020 31.5% 79.1% 32.6% 93.4%
2019 22.5% 62.9% 27.8% 74.6%
2018 20.9% 62% 24.3% 64.1%
2017 17.6% 57% 24.3% 63%
2016 19.9% 55.9% 24% 64.3%
2015 18.6% 53.9% 24.5% 65%
2014 21% 50.1% 23% 60.6%
2013 21.6% 42.9% 24.1% 58.2%
2012 22.1% 35.5% 22.5% 55.9%
2011 19.5% 31.2% 23.7% 56.5%
2010 19% 32.9% 24% 56.4%
2009 16.6% 25.4% 25.2% 58.4%
2008 16.6% 23.2% 22.7% 49.4%
2007 16.8% 21.1% 21.5% 51.6%
2006 14.4% 17.3% 22.2% 59.3%
2005 12.9% 31.7% 23% 61.7%
2004 13.7% 38.4% 22.6% 61.1%
2003 12.1% 49.3% 23.4% 70.8%
2002 10.7% 54.1% 23.3% 66.7%
2001 13.8% 57.8% 22.4% 60.5%
2000 12% 74.5% 22.2% 59.7%
1999 11.1% 51.7% 27.5% -
1998 11.8% 37.6% 26.6% -
1997 12% 45.2% 27.5% -
1996 12.4% 42.9% 27.4% -
1995 13% 47.6% 27.3% -
1994 12.7% 50.6% 27.5% -
1993 12.1% 34.1% 24.5% -
1992 9.2% 21.3% 26.8% -
1991 7.09% 17.3% 27.2% -
1990 6.59% 17.8% 30.2% -
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 (1962–1989, retrieved 2026-02-20).

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

In 2024, Ghana's government spending was $19.1B, accounting for 23.2% of its GDP, while Mauritius spent $5.03B, or 33.7% of GDP.

Debt-to-GDP ratio is 70.3% in Ghana and 91.1% in Mauritius, ranking 57/185 and 30/185, respectively.

Government deficit by year

Deficit/surplus
Ghana

Mauritius
1x
Year Deficit/surplus, % of GDP
Ghana Mauritius
2024 -7.31% -7.47%
2023 -3.37% -4.7%
2022 -11.8% -3.34%
2021 -12% -4.45%
2020 -17.4% -10.6%
2019 -7.52% -7.53%
2018 -6.79% -2.19%
2017 -3.97% -1.66%
2016 -6.75% -2.81%
2015 -4.01% -3.59%
2014 -7.81% -3.13%
2013 -9.12% -3.4%
2012 -8.36% -1.78%
2011 -5.47% -3.09%
2010 -7.13% -3.07%
2009 -5.05% -3.41%
2008 -5.56% -2.66%
2007 -4.91% -3.09%
2006 -3.11% -4.14%
2005 -1.87% -4.44%
2004 -2.02% -4.34%
2003 -1.99% -4.82%
2002 -2.73% -5.18%
2001 -3.64% -5.53%
2000 -3.98% -4.4%
1999 -5.64% -
1998 -5.27% -
1997 -6.14% -
1996 -5.61% -
1995 -4.52% -
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/mauritius | 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 Mauritius' deficit of $1.12B, or 7.47% of GDP.

Over the past 25 years, Ghana recorded a fiscal deficit in 25 of those years, while Mauritius ran a deficit in 25 years. On average, Ghana posted an annual deficit equal to 6.15% of GDP, compared to deficit of 4.19% of GDP for Mauritius.

Inflation comparison by year

Inflation
Ghana

Mauritius
1x
Year Consumer prices inflation
Ghana Mauritius
2024 22.8% 3.6%
2023 38.1% 7.05%
2022 31.3% 10.8%
2021 9.97% 4.03%
2020 9.89% 2.58%
2019 7.14% 0.41%
2018 7.81% 3.22%
2017 12.4% 3.67%
2016 17.5% 0.98%
2015 17.1% 1.29%
2014 15.5% 3.22%
2013 11.7% 3.54%
2012 11.2% 3.85%
2011 8.73% 6.52%
2010 10.7% 2.93%
2009 19.2% 2.52%
2008 16.5% 9.73%
2007 10.7% 8.83%
2006 11.7% 8.91%
2005 15.4% 4.94%
2004 18% 4.71%
2003 29.8% 3.92%
2002 9.36% 6.42%
2001 41.5% 5.39%
2000 40.2% 4.2%
1999 4.87% 6.91%
1998 14.6% 6.81%
1997 27.9% 6.83%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Ghana has recorded an average annual inflation rate of 17.6%, compared with 4.92% in Mauritius. In 2024, inflation was 22.8% in Ghana and 3.6% in Mauritius.

Top exports between countries

Ghana
Export category Export value
Animal & marine products $185K
Raw agricultural goods $86K
Wood & paper products $52K
Machinery & equipment $3K
Chemicals & pharma $1K
Mauritius
Export category Export value
Machinery & equipment $699K
Processed food, beverages & tobacco $615K
Textiles & consumer goods $259K
Wood & paper products $178K
Chemicals & pharma $101K
Metals $34K
Miscellaneous $7K

Balance of trade

Ghana Mauritius
Current account balance
$1.68B
2024
-$1.05B
2024
Current account balance ranking
49/190
2024
126/190
2024
Current account balance, % of GDP
+2.04%
2024
-7.03%
2024
Goods imports
$15.4B
2024
$6.35B
2024
Goods exports
$19.2B
2024
$2.37B
2024
Service imports
$11.5B
2024
$2.28B
2024
Service exports
$9.27B
2024
$4.19B
2024
Imports of goods and services, % of GDP
34.3%
2024
78.3%
2024
Exports of goods and services, % of GDP
35.5%
2024
67.1%
2024

Economic freedom indices

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

Ghana Mauritius
Economic freedom 57.3 73
Economic freedom ranking 118/197 26/197
Property rights 50.2 83.9
Government integrity 45.4 53.4
Judicial effectiveness 57.5 80.7
Tax burden 79.4 89.6
Government spending 84 73.8
Fiscal health 10.1 45.5
Business freedom 64.5 81.5
Labor freedom 54.9 69.6
Monetary freedom 56.7 70.7
Trade freedom 65.2 87
Investment freedom 60 70
Financial freedom 60 70

Economic freedom comparison by year

Ghana
Mauritius
1x
Year Economic freedom index
Ghana Mauritius
2026 57.3 73
2025 56 75
2024 55.8 71.5
2023 58 70.6
2022 59.8 70.9
2021 59.2 77
2020 59.4 74.9
2019 57.5 73
2018 56 75.1
2017 56.2 74.7
2016 63 74.7
2015 63 76.4
2014 64.2 76.5
2013 61.3 76.9
2012 60.7 77
2011 59.4 76.2
2010 60.2 76.3
2009 58.1 74.3
2008 57 72.6
2007 57.6 69.4
2006 55.6 67.4
2005 56.5 67.2
2004 59.1 64.3
2003 58.2 64.4
2002 57.2 67.7
2001 58 66.4
2000 58.1 67.2
1999 57.9 68.5
1998 57 -
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/mauritius | CC BY

The Economic Freedom Index for Ghana is 57.3, ranking 118/197, compared to 73 for Mauritius, ranking 26/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ghana Mauritius
Services, % of GDP
40.9%
2024
64.4%
2024
Industry, % of GDP
31.5%
2024
17.8%
2024
Agriculture, forestry, and fishing, % of GDP
20.9%
2024
4.23%
2024
GNI, Atlas method
$79.5B
2024
$16.2B
2024
GNI per capita, PPP
$7,720
2024
$35,100
2024
Total reserves including gold
$3.62B
2023
$8.51B
2024
Total reserves ranking
112/177
2023
83/177
2024
Net foreign direct investment
-$1.76B
2024
$963M
2024
Net inflows of foreign direct investment
$1.77B
2024
$681M
2024
Net outflows of foreign direct investment
$5.37M
2024
$38.3M
2024
Servicing debt to the IMF, % of GNI
3.45%
2024
10.1%
2024
Poverty at national poverty lines
23.4%
2016
8.4%
2023
Gross capital formation, % of GDP
10%
2024
21.2%
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/mauritius | 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 (1962–1989, 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.