Skip to content

Economy of Ghana vs Tuvalu compared: GDP & Debt

Updated on by Georank team

Ghana has a GDP of $82.3B compared to $62.3M for Tuvalu, ranking 80/197 and 196/197 by economy size, respectively.

Ghana has $57.9B in government debt (70.3% of GDP), compared to $4.15M (6.96% of GDP) in Tuvalu.

Ghana vs Tuvalu GDP by year

Ghana
Tuvalu
1x
Year GDP, current $
Ghana Tuvalu
2024 $82,308,110,386 -
2023 $80,547,146,878 $62,280,312
2022 $73,919,003,210 $59,065,982
2021 $79,514,204,730 $60,196,406
2020 $70,008,243,860 $51,746,594
2019 $68,352,629,246 $54,123,199
2018 $67,259,353,966 $48,015,260
2017 $60,385,409,435 $45,276,595
2016 $56,144,179,398 $41,629,064
2015 $49,436,806,230 $36,811,936
2014 $54,678,533,806 $38,760,983
2013 $62,845,721,960 $38,615,891
2012 $41,271,701,061 $39,345,579
2011 $39,336,668,081 $39,196,957
2010 $32,197,655,567 $32,105,408
2009 $26,048,720,006 $28,076,984
2008 $28,679,383,241 $31,874,435
2007 $24,827,339,138 $28,450,169
2006 $20,885,037,597 $24,096,875
2005 $10,744,568,381 $22,909,980
2004 $8,881,417,907 $22,798,275
2003 $7,632,723,556 $19,456,338
2002 $6,166,197,848 $16,842,673
2001 $5,314,872,854 $13,964,732
2000 $4,982,850,662 $15,073,976
1999 $7,718,109,982 $14,800,503
1998 $7,482,069,162 $13,795,146
1997 $6,891,443,192 $13,734,210
1996 $6,932,991,739 $13,338,597
1995 $6,464,382,808 $11,922,614
1994 $5,446,383,727 $11,772,611
1993 $5,968,922,939 $10,414,400
1992 $6,416,103,926 $10,535,028
1991 $6,603,185,268 $10,127,314
1990 $5,889,106,573 $9,542,901
1989 $5,251,858,440 $8,454,523
1988 $5,197,765,032 $7,011,059
1987 $5,074,829,932 $5,020,513
1986 $5,735,677,434 $4,574,706
1985 $4,504,306,723 $3,862,852
1984 $4,412,279,843 $4,481,978
1983 $4,057,275,132 $4,152,550
1982 $4,035,994,398 $4,118,945
1981 $4,222,441,860 $4,773,018
1980 $4,445,228,216 $4,206,128
1979 $4,020,227,920 $4,065,659
1978 $3,662,478,185 $3,798,782
1977 $3,189,428,571 $3,669,420
1976 $2,765,254,237 $3,919,072
1975 $2,810,106,383 $4,014,748
1974 $2,894,409,938 $4,122,329
1973 $3,006,766,758 $3,411,915
1972 $2,112,293,280 $2,968,458
1971 $2,417,108,578 $2,716,990
1970 $2,215,028,588 $2,585,956
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Ghana vs Tuvalu by year

Ghana
GDP per capita

GDP per capita, PPP
Tuvalu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ghana Tuvalu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,391 $8,020 - -
2023 $2,384 $7,556 $6,345 $6,151
2022 $2,230 $7,208 $5,911 $5,661
2021 $2,445 $6,608 $5,905 $5,353
2020 $2,195 $6,047 $4,976 $5,122
2019 $2,187 $6,003 $5,115 $5,210
2018 $2,195 $5,536 $4,466 $4,432
2017 $2,012 $5,171 $4,166 $4,227
2016 $1,912 $5,011 $3,809 $4,031
2015 $1,723 $5,191 $3,358 $3,776
2014 $1,950 $5,517 $3,529 $3,419
2013 $2,295 $5,215 $3,510 $3,277
2012 $1,544 $4,934 $3,598 $3,170
2011 $1,507 $4,381 $3,636 $3,176
2010 $1,264 $3,855 $3,025 $2,945
2009 $1,048 $3,617 $2,684 $3,082
2008 $1,183 $3,516 $3,088 $3,291
2007 $1,050 $3,241 $2,794 $3,034
2006 $906 $3,103 $2,396 $2,787
2005 $479 $2,904 $2,305 $2,728
2004 $406 $2,729 $2,323 $2,765
2003 $358 $2,584 $2,007 $2,770
2002 $297.5 $2,475 $1,750 $2,915
2001 $263.5 $2,397 $1,457 $2,596
2000 $253.7 $2,315 $1,579 $2,597
1999 $403 $2,239 $1,559 $2,543
1998 $400 $2,167 $1,460 $2,560
1997 $378 $2,097 $1,461 $2,204
1996 $389 $2,026 $1,428 $1,982
1995 $372 $1,947 $1,285 $2,083
1994 $321 $1,875 $1,279 $2,165
1993 $360 $1,821 $1,141 $1,939
1992 $396 $1,739 $1,166 $1,837
1991 $418 $1,678 $1,134 $1,769
1990 $383 $1,581 $1,085 $1,676
1989 $350 - $976 -
1988 $355 - $823 -
1987 $355 - $600 -
1986 $411 - $557 -
1985 $330 - $480 -
1984 $330 - $567 -
1983 $311 - $533 -
1982 $319 - $537 -
1981 $344 - $634 -
1980 $372 - $571 -
1979 $347 - $566 -
1978 $326 - $546 -
1977 $292.3 - $549 -
1976 $261 - $612 -
1975 $273 - $656 -
1974 $289.4 - $708 -
1973 $310 - $601 -
1972 $223.8 - $522 -
1971 $263.4 - $478 -
1970 $248.2 - $457 -
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 (1960–2024, retrieved 2026-04-06).

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

Ghana's GDP per capita is $2,391, ranking 151/197, compared to $6,345 in Tuvalu, ranking 110/197. Adjusted for purchasing power (GDP per capita PPP), Ghana ranks 140th at $8,020, while Tuvalu ranks 152nd at $6,151.

Economic indicators

Ghana Tuvalu
Gross domestic product
$82.3B
2024
$62.3M
2023
GDP rank
80/197
2024
196/197
2023
GDP growth
5.59%
2023-2024
3.85%
2022-2023
GDP per capita
$2,391
2024
$6,345
2023
GDP per capita rank
151/197
2024
110/197
2023
GDP per capita, PPP
$8,020
2024
$6,151
2023
GDP per capita PPP rank
140/197
2024
152/197
2023
Government debt
$57.9B
2024
$4.15M
2023
Debt-to-GDP ratio
70.3%
2024
6.96%
2024
Government debt per person
$1,682
2024
$423
2023
Government debt per person rank
123/185
2024
171/185
2023
Average annual personal income after taxes
$2,110
2026
$4,233
2026
Market capitalization of domestic companies
$7.58B
2024
n/a
Income share by richest 10%
32.2%
2016
30.8%
2010
Income share by poorest 10%
1.6%
2016
2.7%
2010
Government expenditure, % of GDP
23.2%
2024
118.4%
2024
Consumer prices inflation
22.8%
2023-2024
1.2%
2023-2024
Central bank interest rate
25%
2025
n/a
Unemployment rate
2.87%
2022
7.32%
2022
Population
35885254
9341

Spending and national debt comparison by year

Ghana
Spending

Debt
Tuvalu
Spending

Debt
1x
Year % of GDP
Ghana Tuvalu
Government spending Government debt Government spending Government debt
2024 23.2% 70.3% 118.4% 6.96%
2023 18.5% 79.1% 138.8% 6.67%
2022 27.5% 92.7% 115.3% 6.33%
2021 27.2% 86.9% 113.8% 11.3%
2020 31.5% 79.1% 119.5% 12.1%
2019 22.5% 62.9% 113.6% 11.6%
2018 20.9% 62% 125.6% 11.8%
2017 17.6% 57% 106.4% 12%
2016 19.9% 55.9% 119.6% 11.5%
2015 18.6% 53.9% 116.9% 14.4%
2014 21% 50.1% 96.8% 16.4%
2013 21.6% 42.9% 80.2% 17.8%
2012 22.1% 35.5% 76.8% 19.3%
2011 19.5% 31.2% 77.2% 19.1%
2010 19% 32.9% 93.9% 21.1%
2009 16.6% 25.4% 100% 20.6%
2008 16.6% 23.2% 85.8% 19.8%
2007 16.8% 21.1% 88.6% 32.4%
2006 14.4% 17.3% 98.5% 37.5%
2005 12.9% 31.7% 82.1% 37.4%
2004 13.7% 38.4% 74.1% -
2003 12.1% 49.3% - -
2002 10.7% 54.1% - -
2001 13.8% 57.8% - -
2000 12% 74.5% - -
1999 11.1% 51.7% - -
1998 11.8% 37.6% - -
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-02-20).

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

In 2024, Ghana's government spending was $19.1B, accounting for 23.2% of its GDP, while Tuvalu spent $86.4M, or 118.4% of GDP.

Debt-to-GDP ratio is 70.3% in Ghana and 6.96% in Tuvalu, ranking 57/185 and 182/185, respectively.

Government deficit by year

Deficit/surplus
Ghana

Tuvalu
1x
Year Deficit/surplus, % of GDP
Ghana Tuvalu
2024 -7.31% -8.23%
2023 -3.37% 15.3%
2022 -11.8% -14.6%
2021 -12% -13.3%
2020 -17.4% 13.7%
2019 -7.52% -1.07%
2018 -6.79% 30.3%
2017 -3.97% 2.09%
2016 -6.75% 27.5%
2015 -4.01% 14.7%
2014 -7.81% 3.26%
2013 -9.12% 26%
2012 -8.36% 9.58%
2011 -5.47% -8.8%
2010 -7.13% -23.4%
2009 -5.05% -13.5%
2008 -5.56% -17.2%
2007 -4.91% -18.6%
2006 -3.11% -36.8%
2005 -1.87% -12.8%
2004 -2.02% -3.6%
2003 -1.99% -
2002 -2.73% -
2001 -3.64% -
2000 -3.98% -
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/tuvalu | CC BY

In 2023, Ghana's government deficit, the difference between spending and revenue, was $2.71B, equivalent to 3.37% of GDP. This compares to Tuvalu's surplus of $9.55M, or 15.3% of GDP.

Over the past 20 years, Ghana recorded a fiscal deficit in 20 of those years, while Tuvalu ran a deficit in 11 years. On average, Ghana posted an annual deficit equal to 6.7% of GDP, compared to deficit of 1.06% of GDP for Tuvalu.

Inflation comparison by year

Inflation
Ghana

Tuvalu
1x
Year Consumer prices inflation
Ghana Tuvalu
2024 22.8% 1.2%
2023 38.1% 7.2%
2022 31.3% 12.2%
2021 9.97% 6.7%
2020 9.89% 1.6%
2019 7.14% 3.5%
2018 7.81% 2.2%
2017 12.4% 4.1%
2016 17.5% 3.5%
2015 17.1% 3.1%
2014 15.5% 1.1%
2013 11.7% 2%
2012 11.2% 1.4%
2011 8.73% 0.5%
2010 10.7% -1.9%
2009 19.2% -0.3%
2008 16.5% 10.4%
2007 10.7% 2.3%
2006 11.7% 4.2%
2005 15.4% 3.2%
2004 18% 2.4%
2003 29.8% 2.9%
2002 9.36% 5.1%
2001 41.5% 1.5%
2000 40.2% -
1999 4.87% -
1998 14.6% -
1997 27.9% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2001–2024, retrieved 2026-02-20).

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

Over the past 24 years, Ghana has recorded an average annual inflation rate of 16.8%, compared with 3.34% in Tuvalu. In 2024, inflation was 22.8% in Ghana and 1.2% in Tuvalu.

Balance of trade

Ghana Tuvalu
Current account balance
$1.68B
2024
$2.71M
2022
Current account balance ranking
49/190
2024
77/190
2022
Current account balance, % of GDP
+2.04%
2024
+4.59%
2022
Goods imports
$15.4B
2024
$24.2M
2022
Goods exports
$19.2B
2024
$184K
2022
Service imports
$11.5B
2024
$33.1M
2022
Service exports
$9.27B
2024
$2.05M
2022
Imports of goods and services, % of GDP
34.3%
2024
n/a
Exports of goods and services, % of GDP
35.5%
2024
8.22%
2025

Economic freedom indices

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

Ghana Tuvalu
Economic freedom 57.3 60
Economic freedom ranking 118/197 99/197
Property rights 50.2 n/a
Government integrity 45.4 n/a
Judicial effectiveness 57.5 n/a
Tax burden 79.4 n/a
Government spending 84 n/a
Fiscal health 10.1 n/a
Business freedom 64.5 n/a
Labor freedom 54.9 n/a
Monetary freedom 56.7 n/a
Trade freedom 65.2 n/a
Investment freedom 60 n/a
Financial freedom 60 n/a

Other economic metrics

Ghana Tuvalu
Services, % of GDP
40.9%
2024
n/a
Industry, % of GDP
31.5%
2024
7.02%
2015
Agriculture, forestry, and fishing, % of GDP
20.9%
2024
15.9%
2015
GNI, Atlas method
$79.5B
2024
$86M
2023
GNI per capita, PPP
$7,720
2024
$8,320
2023
Total reserves including gold
$3.62B
2023
n/a
Total reserves ranking
112/177
2023
n/a
Net foreign direct investment
-$1.76B
2024
$0
2022
Net inflows of foreign direct investment
$1.77B
2024
$258K
2024
Net outflows of foreign direct investment
$5.37M
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.45%
2024
n/a
Poverty at national poverty lines
23.4%
2016
26.3%
2020
Gross capital formation, % of GDP
10%
2024
n/a

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/tuvalu | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.