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Economy of Ghana vs Tajikistan compared: GDP & Debt

Updated on by Georank

Ghana has a GDP of $114B compared to $17.7B for Tajikistan, ranking 69/197 and 140/197 by economy size, respectively.

Ghana has $55.8B in government debt (48.8% of GDP), compared to $3.82B (21.6% of GDP) in Tajikistan.

Ghana vs Tajikistan GDP by year

Ghana
Tajikistan
1x
Year GDP, current $
Ghana Tajikistan
2025 $114,209,905,279 $17,660,626,562
2024 $83,288,585,604 $14,425,113,700
2023 $80,547,146,876 $12,244,169,293
2022 $73,919,003,212 $10,713,525,200
2021 $79,514,204,730 $8,937,805,347
2020 $70,008,243,860 $8,133,963,551
2019 $68,352,629,246 $8,300,813,599
2018 $67,259,353,966 $7,764,999,999
2017 $60,385,409,435 $7,536,402,853
2016 $56,144,179,398 $6,992,416,097
2015 $49,436,806,230 $8,271,431,485
2014 $54,678,533,806 $9,112,605,459
2013 $62,845,721,960 $8,448,411,318
2012 $41,271,701,061 $7,633,036,903
2011 $39,336,668,081 $6,522,756,255
2010 $32,197,655,567 $5,642,221,099
2009 $26,048,720,006 $4,979,472,364
2008 $28,679,383,241 $5,161,299,725
2007 $24,827,339,138 $3,719,524,541
2006 $20,885,037,597 $2,830,213,849
2005 $10,744,568,381 $2,312,352,021
2004 $8,881,417,907 $2,076,176,869
2003 $7,632,723,556 $1,555,318,261
2002 $6,166,197,848 $1,221,106,220
2001 $5,314,872,854 $1,080,772,551
2000 $4,982,850,662 $860,541,842
1999 $7,718,109,982 $1,086,612,290
1998 $7,482,069,162 $1,320,199,582
1997 $6,891,443,192 $921,518,033
1996 $6,932,991,739 $1,043,654,822
1995 $6,464,382,808 $1,231,561,860
1994 $5,446,383,727 $1,522,001,206
1993 $5,968,922,939 $1,646,623,195
1992 $6,416,103,926 $1,908,554,572
1991 $6,603,185,268 $2,536,585,366
1990 $5,889,106,573 $2,629,395,066
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Ghana vs Tajikistan by year

Ghana
GDP per capita

GDP per capita, PPP
Tajikistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ghana Tajikistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,257 - $1,637 -
2024 $2,419 $8,020 $1,362 $5,406
2023 $2,384 $7,556 $1,178 $4,964
2022 $2,230 $7,208 $1,052 $4,514
2021 $2,445 $6,608 $897 $3,986
2020 $2,195 $6,047 $834 $3,654
2019 $2,187 $6,003 $871 $3,460
2018 $2,195 $5,536 $834 $3,069
2017 $2,012 $5,171 $829 $3,017
2016 $1,912 $5,011 $789 $2,914
2015 $1,723 $5,191 $957 $2,975
2014 $1,950 $5,517 $1,082 $3,152
2013 $2,295 $5,215 $1,028 $2,919
2012 $1,544 $4,934 $952 $2,679
2011 $1,507 $4,381 $834 $2,456
2010 $1,264 $3,855 $737 $2,291
2009 $1,048 $3,617 $665 $2,171
2008 $1,183 $3,516 $703 $2,120
2007 $1,050 $3,241 $517 $1,966
2006 $906 $3,103 $401 $1,810
2005 $479 $2,904 $334 $1,673
2004 $406 $2,729 $306 $1,550
2003 $358 $2,584 $233.6 $1,396
2002 $297.5 $2,475 $187 $1,257
2001 $263.5 $2,397 $168.7 $1,139
2000 $253.7 $2,315 $136.9 $1,036
1999 $403 $2,239 $175 $947
1998 $400 $2,167 $213.7 $905
1997 $378 $2,097 $150.1 $855
1996 $389 $2,026 $172 $836
1995 $372 $1,947 $207 $1,006
1994 $321 $1,875 $261.3 $1,148
1993 $360 $1,821 $287.6 $1,454
1992 $396 $1,739 $338 $1,721
1991 $418 $1,678 $458 $2,417
1990 $383 $1,581 $487 $2,583
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 (1960–2025, retrieved 2026-07-08).

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

Ghana's GDP per capita is $3,257, ranking 139/197, compared to $1,637 in Tajikistan, ranking 163/197. Adjusted for purchasing power (GDP per capita PPP), Ghana ranks 140th at $8,020, while Tajikistan ranks 157th at $5,406.

Economic indicators

Ghana Tajikistan
Gross domestic product
$114B
2025
$17.7B
2025
GDP rank
69/197
2025
140/197
2025
GDP growth
5.95%
2024-2025
8.4%
2024-2025
GDP per capita
$3,257
2025
$1,637
2025
GDP per capita rank
139/197
2025
163/197
2025
GDP per capita, PPP
$8,020
2024
$5,406
2024
GDP per capita PPP rank
140/197
2024
157/197
2024
Government debt
$55.8B
2025
$3.82B
2025
Debt-to-GDP ratio
48.8%
2025
21.6%
2025
Government debt per person
$1,590
2025
$354
2025
Government debt per person rank
128/185
2025
174/185
2025
Average annual personal income after taxes
$2,135
2026
$1,705
2026
Market capitalization of domestic companies
$16.4B
2025
n/a
Income share by richest 10%
32.2%
2016
28.2%
2024
Income share by poorest 10%
1.6%
2016
2.9%
2024
Government expenditure, % of GDP
17%
2025
29.3%
2025
Consumer prices inflation
14.2%
2024-2025
3.4%
2024-2025
Central bank interest rate
14%
2026
7%
2026
Unemployment rate
3.97%
2024
0.08%
2016
Population
36032857
11080415

Spending and national debt comparison by year

Ghana
Spending

Debt
Tajikistan
Spending

Debt
1x
Year % of GDP
Ghana Tajikistan
Government spending Government debt Government spending Government debt
2025 17% 48.8% 29.3% 21.6%
2024 22% 70.3% 27.2% 24.9%
2023 18.5% 79.1% 28% 29.9%
2022 27.5% 92.7% 27.4% 31.8%
2021 27.2% 86.9% 27.6% 42%
2020 31.5% 79.1% 29.2% 50.9%
2019 22.5% 62.9% 28.8% 43.2%
2018 20.9% 62% 30.9% 46.3%
2017 17.6% 57% 33.8% 46.3%
2016 19.9% 55.9% 32.7% 42.2%
2015 18.6% 53.9% 31.9% 35%
2014 21% 50.1% 27.5% 27.9%
2013 21.6% 42.9% 27.7% 29.3%
2012 22.1% 35.5% 24.7% 32.5%
2011 19.5% 31.2% 24.3% 35.5%
2010 19% 32.9% 25.9% 36.8%
2009 16.6% 25.4% 23.6% 36.9%
2008 16.6% 23.2% 20.2% 30.2%
2007 16.8% 21.1% 20.3% 34.3%
2006 14.4% 17.3% 21.6% 36.8%
2005 12.9% 31.7% 22.9% 45.8%
2004 13.7% 38.4% 20.2% 49.4%
2003 12.1% 49.3% 19.1% 69.8%
2002 10.7% 54.1% 19.1% 98.3%
2001 13.8% 57.8% 17.3% 99.4%
2000 12% 74.5% 18.1% 111.4%
1999 11.1% 51.7% 17.5% 107.8%
1998 11.8% 37.6% 17.1% 96.6%
1997 12% 45.2% - -
1996 12.4% 42.9% - -
1995 13% 47.6% - -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-07-08).

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

In 2025, Ghana's government spending was $19.4B, accounting for 17% of its GDP, while Tajikistan spent $5.17B, or 29.3% of GDP.

Debt-to-GDP ratio is 48.8% in Ghana and 21.6% in Tajikistan, ranking 108/185 and 171/185, respectively.

Government deficit by year

Deficit/surplus
Ghana

Tajikistan
1x
Year Deficit/surplus, % of GDP
Ghana Tajikistan
2025 -1.35% -1.79%
2024 -6.23% 0.32%
2023 -3.37% -0.92%
2022 -11.8% -0.23%
2021 -12% -0.64%
2020 -17.4% -4.34%
2019 -7.52% -2.04%
2018 -6.79% -2.69%
2017 -3.97% -5.65%
2016 -6.75% -2.91%
2015 -4.01% -1.96%
2014 -7.81% 0.92%
2013 -9.12% -0.73%
2012 -8.36% 0.41%
2011 -5.47% 0.6%
2010 -7.13% -2.71%
2009 -5.05% -0.2%
2008 -5.56% 1.94%
2007 -4.91% 2.13%
2006 -3.11% 2%
2005 -1.87% -2.83%
2004 -2.02% -2.32%
2003 -1.99% -1.74%
2002 -2.73% -2.4%
2001 -3.64% -2.11%
2000 -3.98% -4.51%
1999 -5.64% -4.03%
1998 -5.27% -5.09%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-07-08).

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

In 2025, Ghana's government deficit, the difference between spending and revenue, was $1.54B, equivalent to 1.35% of GDP. This compares to Tajikistan's deficit of $316M, or 1.79% of GDP.

Over the past 28 years, Ghana recorded a fiscal deficit in 28 of those years, while Tajikistan ran a deficit in 21 years. On average, Ghana posted an annual deficit equal to 5.89% of GDP, compared to deficit of 1.55% of GDP for Tajikistan.

Inflation comparison by year

Inflation
Ghana

Tajikistan
1x
Year Consumer prices inflation
Ghana Tajikistan
2025 14.2% 3.4%
2024 22.8% 3.5%
2023 38.1% 3.7%
2022 31.3% 6.6%
2021 9.97% 9%
2020 9.89% 8.6%
2019 7.14% 7.8%
2018 7.81% 3.8%
2017 12.4% 7.3%
2016 17.5% 5.9%
2015 17.1% 5.8%
2014 15.5% 6.1%
2013 11.7% 5%
2012 11.2% 5.8%
2011 8.73% 12.4%
2010 10.7% 6.5%
2009 19.2% 6.4%
2008 16.5% 20.4%
2007 10.7% 13.2%
2006 11.7% 10%
2005 15.4% 7.3%
2004 18% 7.2%
2003 29.8% 16.4%
2002 9.36% 12.2%
2001 41.5% 38.6%
2000 40.2% 32.9%
1999 4.87% 27.5%
1998 14.6% 43.2%
1997 27.9% 88%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Ghana has recorded an average annual inflation rate of 17.4%, compared with 14.6% in Tajikistan. In 2025, inflation was 14.2% in Ghana and 3.4% in Tajikistan.

Balance of trade

Ghana Tajikistan
Current account balance
$9.39B
2025
$3.02B
2025
Current account balance ranking
25/190
2025
38/190
2025
Current account balance, % of GDP
+8.22%
2025
+17.1%
2025
Goods imports
$17.5B
2025
$7.45B
2025
Goods exports
$31.2B
2025
$1.95B
2025
Service imports
$14.6B
2025
$1.14B
2025
Service exports
$10.1B
2025
$168M
2025
Imports of goods and services, % of GDP
33.9%
2024
47.9%
2024
Exports of goods and services, % of GDP
35.1%
2024
11.2%
2024

Economic freedom indices

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

Ghana Tajikistan
Economic freedom 57.3 52.5
Economic freedom ranking 118/197 147/197
Property rights 50.2 28.4
Government integrity 45.4 18.5
Judicial effectiveness 57.5 10.1
Tax burden 79.4 94.2
Government spending 84 77
Fiscal health 10.1 98.6
Business freedom 64.5 60.6
Labor freedom 54.9 43.4
Monetary freedom 56.7 72.6
Trade freedom 65.2 72.2
Investment freedom 60 25
Financial freedom 60 30

Economic freedom comparison by year

Ghana
Tajikistan
1x
Year Economic freedom index
Ghana Tajikistan
2026 57.3 52.5
2025 56 51.5
2024 55.8 51.3
2023 58 50.6
2022 59.8 49.7
2021 59.2 55.2
2020 59.4 52.2
2019 57.5 55.6
2018 56 58.3
2017 56.2 58.2
2016 63 51.3
2015 63 52.7
2014 64.2 52
2013 61.3 53.4
2012 60.7 53.4
2011 59.4 53.5
2010 60.2 53
2009 58.1 54.6
2008 57 54.4
2007 57.6 53.6
2006 55.6 52.6
2005 56.5 50.4
2004 59.1 48.7
2003 58.2 46.5
2002 57.2 47.3
2001 58 46.8
2000 58.1 44.8
1999 57.9 41.2
1998 57 41.1
1997 56.7 -
1996 57.7 -
1995 55.6 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Ghana is 57.3, ranking 118/197, compared to 52.5 for Tajikistan, ranking 147/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ghana Tajikistan
Services, % of GDP
42.9%
2025
36.5%
2024
Industry, % of GDP
29.3%
2025
32.4%
2024
Agriculture, forestry, and fishing, % of GDP
21.3%
2025
23.1%
2024
GNI, Atlas method
$92.3B
2025
$22.4B
2025
GNI per capita, PPP
$8,080
2025
$8,240
2025
Total reserves including gold
$4.47B
2024
$4.31B
2025
Total reserves ranking
108/177
2024
109/177
2025
Net foreign direct investment
-$1.87B
2025
$8.2M
2025
Net inflows of foreign direct investment
$1.77B
2024
$291M
2024
Net outflows of foreign direct investment
$5.37M
2024
$101M
2024
Servicing debt to the IMF, % of GNI
3.5%
2024
3.04%
2024
Poverty at national poverty lines
23.4%
2016
19.8%
2024
Gross capital formation, % of GDP
9.9%
2024
32.4%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.