Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) in Ghana
Ghana: Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) was 8,699 million SLC in 2023. ▲ Rising
Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) in Ghana, 1995–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Ghana recorded 8,699 million SLC for gross fixed capital formation (agriculture, forestry and fishing) in 2023. That is the highest value across all 29 years on record.
That represents a change of up 21.4% on the previous year and up 124.6% over ten years.
Over the whole period, gross fixed capital formation (agriculture, forestry and fishing) in Ghana peaked at 8,699 million SLC in 2023 and was at its lowest, 1,173 million SLC, in 1999.
Ghana ranks 83rd of 181 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) in Ghana, year by year
| Year | million SLC | Change |
|---|---|---|
| 1995 | 1,449 million SLC | — |
| 1996 | 1,890 million SLC | +30.5% |
| 1997 | 1,661 million SLC | -12.1% |
| 1998 | 1,717 million SLC | +3.3% |
| 1999 | 1,173 million SLC | -31.7% |
| 2000 | 2,634 million SLC | +124.5% |
| 2001 | 2,440 million SLC | -7.4% |
| 2002 | 1,776 million SLC | -27.2% |
| 2003 | 2,457 million SLC | +38.3% |
| 2004 | 2,955 million SLC | +20.3% |
| 2005 | 3,021 million SLC | +2.2% |
| 2006 | 3,334 million SLC | +10.4% |
| 2007 | 4,513 million SLC | +35.4% |
| 2008 | 5,194 million SLC | +15.1% |
| 2009 | 4,289 million SLC | -17.4% |
| 2010 | 3,544 million SLC | -17.4% |
| 2011 | 3,988 million SLC | +12.5% |
| 2012 | 4,501 million SLC | +12.9% |
| 2013 | 3,874 million SLC | -13.9% |
| 2014 | 3,717 million SLC | -4.0% |
| 2015 | 3,664 million SLC | -1.4% |
| 2016 | 4,489 million SLC | +22.5% |
| 2017 | 5,502 million SLC | +22.6% |
| 2018 | 5,390 million SLC | -2.0% |
| 2019 | 5,387 million SLC | -0.0% |
| 2020 | 6,034 million SLC | +12.0% |
| 2021 | 7,093 million SLC | +17.5% |
| 2022 | 7,167 million SLC | +1.0% |
| 2023 | 8,699 million SLC | +21.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,578 million SLC | 1,173 million SLC | 1,890 million SLC | 5 |
| 2000s | 3,261 million SLC | 1,776 million SLC | 5,194 million SLC | 10 |
| 2010s | 4,406 million SLC | 3,544 million SLC | 5,502 million SLC | 10 |
| 2020s | 7,248 million SLC | 6,034 million SLC | 8,699 million SLC | 4 |
Countries ranked near Ghana
More environment data for Ghana
- Historical exposure to drought — Land soil moisture anomaly -13.57 Percentage change (2025)
- Historical exposure to drought — Cropland soil moisture anomaly -11.89 Percentage change (2025)
- Standard Deviation, annual growth rate 0 % change on previous year (2025)
- Standard Deviation 0.26 °C (2025)
- Temperature change 1.34 °C (2025)
- Wood-based panels — Import quantity, annual growth rate 13.16 % change on previous year (2024)
- Wood-based panels — Import quantity, per unit of GDP 0 m3 per US$ of GDP (2024)
- Wood-based panels — Import quantity, per capita 0.0021 m3 per person (2024)
- Wood-based panels — Import value, annual growth rate 12.54 % change on previous year (2024)
- Wood-based panels — Import value, per unit of GDP 0 1000 USD per US$ of GDP (2024)
Frequently asked questions
- What is gross fixed capital formation (agriculture, forestry and fishing) in Ghana?
- Gross fixed capital formation (agriculture, forestry and fishing) in Ghana was 8,699 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation (agriculture, forestry and fishing) recorded in Ghana?
- The highest recorded value was 8,699 million SLC in 2023.
- What is the lowest gross fixed capital formation (agriculture, forestry and fishing) recorded in Ghana?
- The lowest recorded value was 1,173 million SLC in 1999.
- How does Ghana rank for gross fixed capital formation (agriculture, forestry and fishing)?
- Ghana ranks 83rd out of 181 countries with data for 2023.
- Is gross fixed capital formation (agriculture, forestry and fishing) rising or falling in Ghana?
- Over the last ten years it is up 124.6%. The long-run trend across the full record is rising.
- Where does this Ghana data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
As part of the FAO Agriculture Capital Stock (ACS) database, the Statistics Division of FAO publishes country-by-country data on physical investment in agriculture, forestry and fishing as measured by the System of National Accounts (SNA) concept of Gross Fixed Capital Formation (GFCF). Additional variables included in the ACS are Net and Gross Capital Stock, Consumption of Fixed Capital, the Agriculture Investment ratio, and the Gross Fixed Capital Formation Agriculture Orientation Index. The FAO Agriculture Capital Stock Database is an analytical database: whenever available, the database integrates official National Accounts data harvested from the UNSD National Accounts Main Aggregates Database (UNSD AMA) and the OECD Annual National Accounts Database (OECD ANA). The database is further supplemented by OECD Structural Analysis database (OECD STAN) and, in a few cases, data from country’s statistics websites. If the full set of official data is not available for any specific country, imputation methods are applied to obtain estimates over the complete time series. Many data points in ACS are estimated and are flagged as such; they do not represent official submissions by Member Countries. With a view of producing internationally comparable net capital stock estimates, the Perpetual Inventory Method (PIM) with a constant geometric depreciation rate is employed to impute missing data. The Perpetual Inventory Method is a well-established economic model to calculate Net Capital Stocks (NCS) and Consumption of Fixed Capital (CFC) from time series of Gross Fixed Capital Formation (GFCF). Specifically, annual measures of the NCS are obtained from cumulating historical series on physical investment flows and deducting the part of assets that are depreciated (the Consumption of Fixed Capital that occurs in every period). In order to implement the PIM, long time series on aggregate GFCF in agriculture, forestry and fishing is required.An attempt is made to rely as much as possible on National Accounts data published by the OECD and UNSD. When country data are partially or fully missing, econometric techniques to impute missing observations are employed. Depending on the pattern of data missingness for the countries, different imputation methods are applied (from among the ARIMAX, PANEL regression, and OLS approaches) for the data series from 1995 to 2022. The values of Agriculture Capital Stock related indicators for 2023, including Agriculture Investment Ratio, Agriculture Orientation Index, Net Capital Stock, Gross Fixed Capital Formation and Consumption of Fixed Capital, are estimated using the Holt-Winters (HW) method (Cipra et al., 1995). The HW method is an exponential smoothing method for forecasting the annual values of economic variables. In this context, the HW method relies on existing (historical) values of the Agriculture Capital Stock. The predicted value is an extrapolation of the historical values to the specified target date, which extends the timeline without considering seasonality in the annual series.All data series in the database are provided both in national currencies and in US dollars as well as in current prices and constant prices with base year 2015.