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Economy of Ghana vs Tunisia compared: GDP & Debt

Updated on by Georank team

Ghana has a GDP of $82.3B compared to $51.3B for Tunisia, ranking 80/197 and 93/197 by economy size, respectively.

Ghana has $57.9B in government debt (70.3% of GDP), compared to $42.8B (83.4% of GDP) in Tunisia.

Ghana vs Tunisia GDP by year

Ghana
Tunisia
1x
Year GDP, current $
Ghana Tunisia
2024 $82,308,110,386 $51,332,285,657
2023 $80,547,146,878 $48,205,328,303
2022 $73,919,003,210 $44,929,920,093
2021 $79,514,204,730 $47,073,234,359
2020 $70,008,243,860 $42,491,780,918
2019 $68,352,629,246 $41,905,642,419
2018 $67,259,353,966 $42,686,504,460
2017 $60,385,409,435 $42,163,530,591
2016 $56,144,179,398 $44,360,072,680
2015 $49,436,806,230 $45,779,494,042
2014 $54,678,533,806 $50,271,812,921
2013 $62,845,721,960 $48,685,446,414
2012 $41,271,701,061 $47,311,401,813
2011 $39,336,668,081 $48,123,325,825
2010 $32,197,655,567 $46,206,091,938
2009 $26,048,720,006 $43,455,740,497
2008 $28,679,383,241 $44,859,439,902
2007 $24,827,339,138 $38,915,353,867
2006 $20,885,037,597 $34,376,664,601
2005 $10,744,568,381 $32,272,186,695
2004 $8,881,417,907 $31,183,885,241
2003 $7,632,723,556 $27,453,902,261
2002 $6,166,197,848 $23,141,616,605
2001 $5,314,872,854 $22,065,832,449
2000 $4,982,850,662 $21,473,528,161
1999 $7,718,109,982 $22,943,202,175
1998 $7,482,069,162 $21,802,893,587
1997 $6,891,443,192 $20,746,210,354
1996 $6,932,991,739 $19,587,161,807
1995 $6,464,382,808 $18,030,876,599
1994 $5,446,383,727 $15,633,174,304
1993 $5,968,922,939 $14,608,335,608
1992 $6,416,103,926 $15,496,708,060
1991 $6,603,185,268 $13,074,782,609
1990 $5,889,106,573 $12,290,568,182
1989 $5,251,858,440 $10,101,851,745
1988 $5,197,765,032 $10,096,245,762
1987 $5,074,829,932 $9,696,715,911
1986 $5,735,677,434 $9,017,806,654
1985 $4,504,306,723 $8,410,226,053
1984 $4,412,279,843 $8,254,541,195
1983 $4,057,275,132 $8,350,582,748
1982 $4,035,994,398 $8,133,580,052
1981 $4,222,441,860 $8,428,445,294
1980 $4,445,228,216 $8,744,134,354
1979 $4,020,227,920 $7,188,863,904
1978 $3,662,478,185 $5,968,460,080
1977 $3,189,428,571 $5,109,324,009
1976 $2,765,254,237 $4,508,191,942
1975 $2,810,106,383 $4,328,965,588
1974 $2,894,409,938 $3,545,868,575
1973 $3,006,766,758 $2,730,813,385
1972 $2,112,293,280 $2,237,556,149
1971 $2,417,108,578 $1,685,162,272
1970 $2,215,028,588 $1,439,238,095
1969 $1,962,050,556 $1,289,904,762
1968 $1,666,909,518 $1,214,666,667
1967 $1,747,187,645 $1,085,714,286
1966 $2,126,300,672 $1,040,952,381
1965 $2,053,462,968 $991,047,619
1964 $1,731,296,200 $1,025,866,792
1963 $1,540,797,589 $1,026,737,600
1962 $1,382,515,654 $880,027,733
1961 $1,302,674,325 $866,155,429
1960 $1,217,230,095 -

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

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

GDP per capita in Ghana vs Tunisia by year

Ghana
GDP per capita

GDP per capita, PPP
Tunisia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ghana Tunisia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,391 $8,020 $4,181 $14,521
2023 $2,384 $7,556 $3,951 $14,041
2022 $2,230 $7,208 $3,707 $13,619
2021 $2,445 $6,608 $3,907 $12,444
2020 $2,195 $6,047 $3,549 $11,918
2019 $2,187 $6,003 $3,529 $12,495
2018 $2,195 $5,536 $3,628 $11,841
2017 $2,012 $5,171 $3,619 $11,289
2016 $1,912 $5,011 $3,848 $10,994
2015 $1,723 $5,191 $4,015 $10,783
2014 $1,950 $5,517 $4,459 $10,947
2013 $2,295 $5,215 $4,370 $10,672
2012 $1,544 $4,934 $4,297 $10,615
2011 $1,507 $4,381 $4,421 $10,436
2010 $1,264 $3,855 $4,292 $10,555
2009 $1,048 $3,617 $4,080 $10,237
2008 $1,183 $3,516 $4,255 $9,975
2007 $1,050 $3,241 $3,727 $9,479
2006 $906 $3,103 $3,323 $8,729
2005 $479 $2,904 $3,147 $8,117
2004 $406 $2,729 $3,067 $7,672
2003 $358 $2,584 $2,726 $7,098
2002 $297.5 $2,475 $2,321 $6,715
2001 $263.5 $2,397 $2,236 $6,593
2000 $253.7 $2,315 $2,199 $6,279
1999 $403 $2,239 $2,376 $5,930
1998 $400 $2,167 $2,285 $5,579
1997 $378 $2,097 $2,202 $5,333
1996 $389 $2,026 $2,107 $5,040
1995 $372 $1,947 $1,968 $4,686
1994 $321 $1,875 $1,733 $4,555
1993 $360 $1,821 $1,649 $4,401
1992 $396 $1,739 $1,785 $4,292
1991 $418 $1,678 $1,538 $3,975
1990 $383 $1,581 $1,476 $3,780
1989 $350 - $1,239 -
1988 $355 - $1,266 -
1987 $355 - $1,245 -
1986 $411 - $1,187 -
1985 $330 - $1,135 -
1984 $330 - $1,143 -
1983 $311 - $1,184 -
1982 $319 - $1,177 -
1981 $344 - $1,247 -
1980 $372 - $1,324 -
1979 $347 - $1,113 -
1978 $326 - $946 -
1977 $292.3 - $830 -
1976 $261 - $752 -
1975 $273 - $741 -
1974 $289.4 - $624 -
1973 $310 - $493 -
1972 $223.8 - $415 -
1971 $263.4 - $320 -
1970 $248.2 - $280.5 -
1969 $225.8 - $257.7 -
1968 $196.7 - $248.9 -
1967 $211.2 - $228 -
1966 $263.3 - $223.8 -
1965 $260.5 - $217.3 -
1964 $225 - $228.5 -
1963 $205 - $231.9 -
1962 $188.4 - $201.4 -
1961 $181.9 - $200.7 -
1960 $174.9 - - -

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

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

Ghana's GDP per capita is $2,391, ranking 151/197, compared to $4,181 in Tunisia, ranking 129/197. Adjusted for purchasing power (GDP per capita PPP), Ghana ranks 140th at $8,020, while Tunisia ranks 114th at $14,521.

Economic indicators

Ghana Tunisia
Gross domestic product
$82.3B
2024
$51.3B
2024
GDP rank
80/197
2024
93/197
2024
GDP growth
5.59%
2023-2024
1.61%
2023-2024
GDP per capita
$2,391
2024
$4,181
2024
GDP per capita rank
151/197
2024
129/197
2024
GDP per capita, PPP
$8,020
2024
$14,521
2024
GDP per capita PPP rank
140/197
2024
114/197
2024
Government debt
$57.9B
2024
$42.8B
2024
Debt-to-GDP ratio
70.3%
2024
83.4%
2024
Government debt per person
$1,682
2024
$3,487
2024
Government debt per person rank
123/185
2024
94/185
2024
Average annual personal income after taxes
$2,110
2026
$3,951
2026
Market capitalization of domestic companies
$7.58B
2024
$8.3B
2024
Income share by richest 10%
32.2%
2016
27%
2021
Income share by poorest 10%
1.6%
2016
3.1%
2021
Government expenditure, % of GDP
23.2%
2024
33.8%
2024
Consumer prices inflation
22.8%
2023-2024
7%
2023-2024
Central bank interest rate
25%
2025
7.5%
2025
Unemployment rate
2.87%
2022
15.1%
2023
Population
35885254
12437803

Spending and national debt comparison by year

Ghana
Spending

Debt
Tunisia
Spending

Debt
1x
Year % of GDP
Ghana Tunisia
Government spending Government debt Government spending Government debt
2024 23.2% 70.3% 33.8% 83.4%
2023 18.5% 79.1% 35.7% 84%
2022 27.5% 92.7% 36.5% 83%
2021 27.2% 86.9% 33.2% 79.7%
2020 31.5% 79.1% 34.5% 77.7%
2019 22.5% 62.9% 29.5% 67.3%
2018 20.9% 62% 28.7% 72.9%
2017 17.6% 57% 28.7% 67.1%
2016 19.9% 55.9% 27.2% 58.9%
2015 18.6% 53.9% 27.4% 52.4%
2014 21% 50.1% 27.7% 50.7%
2013 21.6% 42.9% 30.8% 45.6%
2012 22.1% 35.5% 28.3% 49%
2011 19.5% 31.2% 27.9% 43.3%
2010 19% 32.9% 24% 38.8%
2009 16.6% 25.4% 24.6% 40.3%
2008 16.6% 23.2% 23.7% 41.4%
2007 16.8% 21.1% 23.3% 42.7%
2006 14.4% 17.3% 22.9% 45.7%
2005 12.9% 31.7% 23% 50%
2004 13.7% 38.4% 23% 51.6%
2003 12.1% 49.3% 23.5% 52.6%
2002 10.7% 54.1% 24.1% 51.6%
2001 13.8% 57.8% 24% 52.2%
2000 12% 74.5% 24% 62.9%
1999 11.1% 51.7% 24% 61.9%
1998 11.8% 37.6% 24.2% 58.2%
1997 12% 45.2% 24.5% 66.6%
1996 12.4% 42.9% 26.7% 66.8%
1995 13% 47.6% 26.6% 65.6%
1994 12.7% 50.6% 25.9% 63.9%
1993 12.1% 34.1% 26.7% 63.8%
1992 9.2% 21.3% 25.7% 62.1%
1991 7.09% 17.3% 27.6% 63.3%
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 (1962–1989, retrieved 2026-02-20).

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

In 2024, Ghana's government spending was $19.1B, accounting for 23.2% of its GDP, while Tunisia spent $17.4B, or 33.8% of GDP.

Debt-to-GDP ratio is 70.3% in Ghana and 83.4% in Tunisia, ranking 57/185 and 40/185, respectively.

Government deficit by year

Deficit/surplus
Ghana

Tunisia
1x
Year Deficit/surplus, % of GDP
Ghana Tunisia
2024 -7.31% -5.92%
2023 -3.37% -7.03%
2022 -11.8% -6.91%
2021 -12% -7.6%
2020 -17.4% -9.06%
2019 -7.52% -3.6%
2018 -6.79% -4.27%
2017 -3.97% -5.61%
2016 -6.75% -5.87%
2015 -4.01% -4.95%
2014 -7.81% -3.11%
2013 -9.12% -7.05%
2012 -8.36% -4.9%
2011 -5.47% -3.19%
2010 -7.13% -0.46%
2009 -5.05% -2.59%
2008 -5.56% -0.62%
2007 -4.91% -2.47%
2006 -3.11% -2.33%
2005 -1.87% -2.59%
2004 -2.02% -2.1%
2003 -1.99% -2.64%
2002 -2.73% -2.55%
2001 -3.64% -2.87%
2000 -3.98% -3.22%
1999 -5.64% -3.05%
1998 -5.27% -2.84%
1997 -6.14% -3.7%
1996 -5.61% -5.18%
1995 -4.52% -4.53%
1994 -4.99% -2.87%
1993 -5.39% -3.22%
1992 -4.5% -3.45%
1991 -1.47% -5.25%
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/tunisia | 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 Tunisia's deficit of $3.04B, or 5.92% of GDP.

Over the past 34 years, Ghana recorded a fiscal deficit in 34 of those years, while Tunisia ran a deficit in 34 years. On average, Ghana posted an annual deficit equal to 5.8% of GDP, compared to deficit of 4.05% of GDP for Tunisia.

Inflation comparison by year

Inflation
Ghana

Tunisia
1x
Year Consumer prices inflation
Ghana Tunisia
2024 22.8% 7%
2023 38.1% 9.3%
2022 31.3% 8.3%
2021 9.97% 5.7%
2020 9.89% 5.6%
2019 7.14% 6.7%
2018 7.81% 7.3%
2017 12.4% 5.3%
2016 17.5% 3.6%
2015 17.1% 4.4%
2014 15.5% 4.6%
2013 11.7% 5.3%
2012 11.2% 4.6%
2011 8.73% 3.2%
2010 10.7% 4.4%
2009 19.2% 3.5%
2008 16.5% 4.9%
2007 10.7% 3.4%
2006 11.7% 4.1%
2005 15.4% 2%
2004 18% 3.7%
2003 29.8% 2.7%
2002 9.36% 2.7%
2001 41.5% 1.9%
2000 40.2% 2.8%
1999 4.87% 2.8%
1998 14.6% 3.1%
1997 27.9% 3.6%

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/tunisia | CC BY

Over the past 28 years, Ghana has recorded an average annual inflation rate of 17.6%, compared with 4.52% in Tunisia. In 2024, inflation was 22.8% in Ghana and 7% in Tunisia.

Top exports between countries

Ghana
Export category Export value
Processed food, beverages & tobacco $7.56M
Raw materials & minerals $398K
Miscellaneous $390K
Chemicals & pharma $343K
Animal & marine products $290K
Machinery & equipment $75K
Wood & paper products $19K
Textiles & consumer goods $17K
Metals $1K
Precious metals & jewellery $1K
Tunisia
Export category Export value
Raw materials & minerals $5.4M
Chemicals & pharma $2.12M
Processed food, beverages & tobacco $1.87M
Miscellaneous $1.67M
Wood & paper products $1.48M
Textiles & consumer goods $696K
Animal & marine products $372K
Machinery & equipment $284K
Metals $146K

Balance of trade

Ghana Tunisia
Current account balance
$1.68B
2024
-$775M
2024
Current account balance ranking
49/190
2024
117/190
2024
Current account balance, % of GDP
+2.04%
2024
-1.51%
2024
Goods imports
$15.4B
2024
$18.7B
2024
Goods exports
$19.2B
2024
$8.95B
2024
Service imports
$11.5B
2024
$3.92B
2024
Service exports
$9.27B
2024
$11.2B
2024
Imports of goods and services, % of GDP
34.3%
2024
56.3%
2024
Exports of goods and services, % of GDP
35.5%
2024
50%
2024

Economic freedom indices

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

Ghana Tunisia
Economic freedom 57.3 48.1
Economic freedom ranking 118/197 172/197
Property rights 50.2 55.7
Government integrity 45.4 42.1
Judicial effectiveness 57.5 39.7
Tax burden 79.4 68.5
Government spending 84 62.5
Fiscal health 10.1 16
Business freedom 64.5 59.4
Labor freedom 54.9 55.8
Monetary freedom 56.7 72.4
Trade freedom 65.2 54.6
Investment freedom 60 20
Financial freedom 60 30

Economic freedom comparison by year

Ghana
Tunisia
1x
Year Economic freedom index
Ghana Tunisia
2026 57.3 48.1
2025 56 49.1
2024 55.8 48.8
2023 58 52.9
2022 59.8 54.2
2021 59.2 56.6
2020 59.4 55.8
2019 57.5 55.4
2018 56 58.9
2017 56.2 55.7
2016 63 57.6
2015 63 57.7
2014 64.2 57.3
2013 61.3 57
2012 60.7 58.6
2011 59.4 58.5
2010 60.2 58.9
2009 58.1 58
2008 57 60.1
2007 57.6 60.3
2006 55.6 57.5
2005 56.5 55.4
2004 59.1 58.4
2003 58.2 58.1
2002 57.2 60.2
2001 58 60.8
2000 58.1 61.3
1999 57.9 61.1
1998 57 63.9
1997 56.7 63.8
1996 57.7 63.9
1995 55.6 63.4

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

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

The Economic Freedom Index for Ghana is 57.3, ranking 118/197, compared to 48.1 for Tunisia, ranking 172/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ghana Tunisia
Services, % of GDP
40.9%
2024
62.6%
2024
Industry, % of GDP
31.5%
2024
22.6%
2024
Agriculture, forestry, and fishing, % of GDP
20.9%
2024
9.74%
2024
GNI, Atlas method
$79.5B
2024
$47.7B
2024
GNI per capita, PPP
$7,720
2024
$14,230
2024
Total reserves including gold
$3.62B
2023
$9.34B
2024
Total reserves ranking
112/177
2023
80/177
2024
Net foreign direct investment
-$1.76B
2024
-$725M
2024
Net inflows of foreign direct investment
$1.77B
2024
$760M
2024
Net outflows of foreign direct investment
$5.37M
2024
$34.6M
2024
Servicing debt to the IMF, % of GNI
3.45%
2024
10.9%
2024
Poverty at national poverty lines
23.4%
2016
16.6%
2021
Gross capital formation, % of GDP
10%
2024
7.86%
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/tunisia | CC BY

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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 (2021–2023, 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.