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Ghana vs Singapore: Economic Indicators Comparison

Singapore with a GDP of $364.2B ranked the 36th largest economy in the world, while Ghana ranked 73rd with $65.6B. By GDP 5-years average growth and GDP per capita, Singapore and Ghana ranked 76th vs 46th and 10th vs 142nd, respectively.

Gross Domestic Product & Income

StatGhanaSingapore
GDP$65.6B$364.2B
GDP growth, 1 year5.6%3.2%
GDP growth, 5-years average4.5%3.3%
Population28.3M5.9M
GDP per capita$2.2k$65k
GDP per capita growth3.96%2.66%
Purchasing Power Parity conversion factor2.130.86
Price level ratio of PPP conversion factor GDP to market exchange rate0.460.64
GDP per capita, PPP adjusted$6.5k$100k
GNI, Atlas method$63.4B$331.4B
GNI per capita$2.1k$59k
GNI, PPP adjusted$138.5B$533.8B
GNI per capita, PPP adjusted$4.7k$95k

Financial system and Human development

StatGhanaSingapore
Income Tax Rate35%22%
Corporate Tax Rate25%17%
Inflation, consumer prices9.8%0.4%
Inflation, GDP deflator10.2%1.9%
Unemployment6.7%3.8%
Economic Freedom Index59.489.4
Personal Freedom Index7.647.44
Human Freedom Index7.218.1
Property Rights Index52.596.8
Judical Effectiveness Index46.192.9
Business Freedom Index58.492.8
Fiscal Health Index35.680
Labor Freedom Index59.390.9
Investment Freedom Index7085
Financial Freedom Index6080
Trade Freedom Index63.894.8
Monetary Freedom Index68.985.6
Government Spending Index88.191.1
Tax Burden Index78.490.3
Government Integrity Index32.292.4
Corruption Perceptions Index4185
Life expectancy at birth, years63.582.9
Suicide mortality rate, per 100,000 people5.49.9
Mortality caused by road traffic injury, per 100,000 people24.92.8
Intentional homicides, per 100,000 people2.10.2
International tourism, number of arrivals897k14.7M

Government debt & reserves

StatGhanaSingapore
Central government debt, % of GDP59.6%108.3%
External debt stocks, % of GNI36.3%N/A
External debt stocks$23.3BN/A
Short-term debt, % of total reserves57.7%N/A
Total debt service, % of exports and primary income9.4%N/A
Adjusted net savings including particulate emission damage, % of GNI-8.4%36.8%
Gross savings, % of GDP21%45.8%
Gross capital formation, % of GDP14.9%26.6%
Total reserves including gold$6.3B$292.7B
Foreign direct investment net inflows$3B$82B

Exports, imports and economic structure

StatGhanaSingapore
Exports of goods and services, % of GDP35.3%176.4%
Imports of goods and services, % of GDP36.4%149.8%
Current account balance (balance of payments)-$2B$65.1B
Revenue excluding grants, % of GDP27.2%18.8%
Grants excluding technical cooperation, BoP$713.6M$1.6M
Personal remittances received$3.5BN/A
Industry including construction value added, % of GDP31.5%25.2%
Agriculture, forestry and fishing value added, % of GDP18.3%0%
Charges for the use of intellectual property, payments BoP$700k$15.2B
Charges for the use of intellectual property, receipts BoPN/A$8.7B
Expense, % of GDP30.5%15.2%
Government Expenditure, % of GDP20%17.2%

Compare with countries close by GDP per capita

Ghana vs

CountryGDP
per capita
Population
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
754k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
101M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
850k
Papua New Guinea
$2.7k
7.32M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.77M
Honduras
$2.5k
8.1M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
14.1M
Solomon Islands
$2.1k
561k
East Timor
$2k
1.18M
Syria
$2k
19.8M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.35B
Sao Tome and Principe
$2k
193k
Ivory Coast
$1.7k
20.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
24.9M
Bangladesh
$1.7k
157M
Kiribati
$1.6k
102k
Zambia
$1.5k
17.1M

Singapore vs

CountryGDP
per capita
Population
Monaco
$186k
37.8k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
614k
Switzerland
$83k
8.21M
Norway
$82k
5.33M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.17M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
23.4M
Sweden
$55k
10.3M
Netherlands
$53k
17.2M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
31.6k
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k