Explicit fossil fuel subsidies as a share of GDP in Ghana
Ghana: Explicit fossil fuel subsidies as a share of GDP was 0.6% in 2024. ◆ Volatile
Explicit fossil fuel subsidies as a share of GDP in Ghana, 2010–2024
Source: United Nations Environment Programme – with minor processing by Our World in Data. Measured in %.
Analysis
Ghana recorded 0.6% for explicit fossil fuel subsidies as a share of gdp in 2024.
Compared with earlier readings it is down 14.9% on the previous year and up 800.0% over ten years.
Over the whole period, explicit fossil fuel subsidies as a share of gdp in Ghana peaked at 3.9% in 2022 and was at its lowest, 0.1%, in 2014.
That places Ghana 51st out of 194 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Explicit fossil fuel subsidies as a share of GDP in Ghana, year by year
| Year | % | Change |
|---|---|---|
| 2010 | 0.6% | — |
| 2011 | 0.4% | -42.9% |
| 2012 | 0.4% | +5.6% |
| 2013 | 0.2% | -55.3% |
| 2014 | 0.1% | -58.8% |
| 2015 | 0.3% | +371.4% |
| 2016 | 0.5% | +42.4% |
| 2017 | 0.7% | +44.7% |
| 2018 | 0.7% | +8.8% |
| 2019 | 0.5% | -39.2% |
| 2020 | 0.7% | +64.4% |
| 2021 | 1.7% | +131.1% |
| 2022 | 3.9% | +126.9% |
| 2023 | 0.7% | -80.9% |
| 2024 | 0.6% | -14.9% |
Ghana compared with similar countries
- Ghana's 0.6% is above the median for lower middle income countries, which is 0.0%, 15.8× the median. (47 countries reporting)
- Ghana's 0.6% is above the median for Sub-Saharan Africa, which is 0.0%, 42.0× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.4% | 0.1% | 0.7% | 10 |
| 2020s | 1.5% | 0.6% | 3.9% | 5 |
Countries ranked near Ghana
More energy & mining data for Ghana
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, annual growth rate 5.27 % change on previous year (2024)
- Coal consumption, per capita 0 terawatt-hours per person (2024)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per capita 0 terawatt-hours per person (2024)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2024)
- Fuel imports 32.1% (2023)
Frequently asked questions
- What is explicit fossil fuel subsidies as a share of gdp in Ghana?
- Explicit fossil fuel subsidies as a share of gdp in Ghana was 0.6% in 2024, according to United Nations Environment Programme – with minor processing by Our World in Data.
- What is the highest explicit fossil fuel subsidies as a share of gdp recorded in Ghana?
- The highest recorded value was 3.9% in 2022.
- What is the lowest explicit fossil fuel subsidies as a share of gdp recorded in Ghana?
- The lowest recorded value was 0.1% in 2014.
- How does Ghana rank for explicit fossil fuel subsidies as a share of gdp?
- Ghana ranks 51st out of 194 countries with data for 2024.
- Is explicit fossil fuel subsidies as a share of gdp rising or falling in Ghana?
- Over the last ten years it is up 800.0%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from United Nations Environment Programme – with minor processing by Our World in Data, published as part of Explicit fossil fuel subsidies as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Fossil-fuel subsidies (consumption and production) as a proportion of total GDP (%).