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Ghana vs South Africa: Economic Indicators Comparison

South Africa with a GDP of $368.3B ranked the 35th largest economy in the world, while Ghana ranked 73rd with $65.6B. By GDP 5-years average growth and GDP per capita, South Africa and Ghana ranked 151st vs 46th and 95th vs 142nd, respectively.

Gross Domestic Product & Income

StatGhanaSouth Africa
GDP$65.6B$368.3B
GDP growth, 1 year5.6%0.8%
GDP growth, 5-years average4.5%1.1%
Population28.3M57.7M
GDP per capita$2.2k$6.4k
GDP per capita growth3.96%-0.57%
Purchasing Power Parity conversion factor2.136.16
Price level ratio of PPP conversion factor GDP to market exchange rate0.460.47
GDP per capita, PPP adjusted$6.5k$14k
GNI, Atlas method$63.4B$332.3B
GNI per capita$2.1k$5.8k
GNI, PPP adjusted$138.5B$765.8B
GNI per capita, PPP adjusted$4.7k$13k

Financial system and Human development

StatGhanaSouth Africa
Income Tax Rate35%45%
Corporate Tax Rate25%28%
Inflation, consumer prices9.8%4.6%
Inflation, GDP deflator10.2%3.9%
Unemployment6.7%27%
Economic Freedom Index59.458.8
Personal Freedom Index7.646.92
Human Freedom Index7.216.78
Property Rights Index52.558.4
Judical Effectiveness Index46.138
Business Freedom Index58.462
Fiscal Health Index35.664
Labor Freedom Index59.358.8
Investment Freedom Index7045
Financial Freedom Index6050
Trade Freedom Index63.875.8
Monetary Freedom Index68.975.9
Government Spending Index88.167.4
Tax Burden Index78.463.7
Government Integrity Index32.246.6
Corruption Perceptions Index4143
Life expectancy at birth, years63.563.5
Suicide mortality rate, per 100,000 people5.411.6
Mortality caused by road traffic injury, per 100,000 people24.925.9
Intentional homicides, per 100,000 people2.135.9
International tourism, number of arrivals897k10.5M

Government debt & reserves

StatGhanaSouth Africa
Central government debt, % of GDP59.6%56.7%
External debt stocks, % of GNI36.3%50.6%
External debt stocks$23.3B$179.3B
Short-term debt, % of total reserves57.7%70.9%
Total debt service, % of exports and primary income9.4%19.9%
Adjusted net savings including particulate emission damage, % of GNI-8.4%0.6%
Gross savings, % of GDP21%14.9%
Gross capital formation, % of GDP14.9%17.9%
Total reserves including gold$6.3B$51.6B
Foreign direct investment net inflows$3B$5.5B

Exports, imports and economic structure

StatGhanaSouth Africa
Exports of goods and services, % of GDP35.3%29.9%
Imports of goods and services, % of GDP36.4%29.6%
Current account balance (balance of payments)-$2B-$13.4B
Revenue excluding grants, % of GDP27.2%30.9%
Grants excluding technical cooperation, BoP$713.6M$817.9M
Personal remittances received$3.5B$929M
Industry including construction value added, % of GDP31.5%25.9%
Agriculture, forestry and fishing value added, % of GDP18.3%2.2%
Charges for the use of intellectual property, payments BoP$700k$1.8B
Charges for the use of intellectual property, receipts BoPN/A$120.7M
Expense, % of GDP30.5%34.4%
Government Expenditure, % of GDP20%33%

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

South Africa vs

CountryGDP
per capita
Population
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Colombia
$6.7k
49.1M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M