Ghana - Inflation Rate 2003
29.77%
+14.93pp from 2002
Ghana's inflation rate was 29.77% in 2003, increased +14.93pp from 9.36% in 2002. This was the 188th highest globally.
Global Ranking - 2003▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Zimbabwe | -8.57% | 75.1% |
| 2nd | Guinea-Bissau | -3.50% | -206.1% |
| 3rd | Hong Kong SAR, China | -2.67% | 12.2% |
| 4th | Libya | -2.19% | 77.8% |
| 5th | Chad | -1.75% | -133.8% |
| 6th | Madagascar | -1.70% | -110.3% |
| 7th | Niger | -1.61% | -164.7% |
| 8th | Macao SAR, China | -1.56% | 40.8% |
| 9th | Mali | -1.35% | -126.8% |
| 10th | Maldives | -1.26% | -236.0% |
| 11th | Lithuania | -1.13% | -437.6% |
| 12th | Kosovo | -1.08% | - |
| 13th | Togo | -0.93% | -130.4% |
| 14th | Congo, Republic of | -0.63% | -121.2% |
| 15th | Japan | -0.26% | 71.4% |
| 16th | Senegal | -0.05% | -102.2% |
| 17th | Samoa | 0.12% | -98.4% |
| 18th | Czechia | 0.12% | -93.8% |
| 19th | Micronesia, Federated States of | 0.13% | 179.6% |
| 20th | St. Vincent and the Grenadines | 0.21% | -72.5% |
| 21st | Oman | 0.23% | 180.9% |
| 22nd | Brunei Darussalam | 0.30% | 113.0% |
| 23rd | Panama | 0.39% | -60.8% |
| 24th | Albania | 0.48% | -90.7% |
| 25th | Singapore | 0.51% | 229.6% |
| 26th | Bosnia and Herzegovina | 0.55% | 74.8% |
| 27th | Saudi Arabia | 0.61% | 451.5% |
| 28th | Cameroon | 0.62% | -77.9% |
| 29th | Liechtenstein | 0.64% | -0.8% |
| 30th | Switzerland | 0.64% | -0.4% |
| 31st | Poland | 0.68% | -64.1% |
| 32nd | Israel | 0.71% | -87.6% |
| 33rd | Georgia | 0.84% | -85.0% |
| 34th | North Macedonia | 0.86% | -20.0% |
| 35th | Finland | 0.88% | -56.3% |
| 36th | Palau | 0.92% | 438.0% |
| 37th | Cambodia | 0.94% | 2,716.0% |
| 38th | Kuwait | 0.96% | 8.2% |
| 39th | Germany | 1.03% | -22.0% |
| 40th | St. Lucia | 1.03% | 504.0% |
| 41st | Malaysia | 1.09% | -39.2% |
| 42nd | China | 1.13% | 246.1% |
| 43rd | Morocco | 1.17% | -58.4% |
| 44th | Cabo Verde | 1.19% | -38.1% |
| 45th | Lebanon | 1.27% | -27.9% |
| 46th | Malta | 1.30% | -50.1% |
| 47th | Estonia | 1.33% | -62.8% |
| 48th | San Marino | 1.34% | - |
| 49th | Austria | 1.36% | -19.4% |
| 50th | United Kingdom | 1.38% | 9.3% |
| 51st | Puerto Rico (US) | 1.39% | 630.5% |
| 52nd | Dominica | 1.45% | 754.9% |
| 53rd | Benin | 1.49% | -38.6% |
| 54th | Belgium | 1.59% | 2.4% |
| 55th | Bahrain | 1.59% | 421.3% |
| 56th | Barbados | 1.62% | 784.9% |
| 57th | Jordan | 1.63% | -11.2% |
| 58th | Kiribati | 1.63% | -48.6% |
| 59th | Curaçao | 1.63% | 317.4% |
| 60th | New Zealand | 1.75% | -34.5% |
| 61st | Croatia | 1.77% | -30.3% |
| 62nd | Thailand | 1.80% | 173.8% |
| 63rd | Sweden | 1.93% | -0.5% |
| 64th | Djibouti | 1.98% | 41.2% |
| 65th | Antigua and Barbuda | 1.99% | -17.2% |
| 66th | Burkina Faso | 2.03% | -11.5% |
| 67th | Luxembourg | 2.05% | -0.3% |
| 68th | Iceland | 2.06% | -60.3% |
| 69th | Denmark | 2.08% | -13.4% |
| 70th | Netherlands | 2.09% | -45.7% |
| 71st | European Union | 2.09% | -13.7% |
| 72nd | France | 2.10% | 8.3% |
| 73rd | El Salvador | 2.12% | 13.5% |
| 74th | Grenada | 2.15% | 102.0% |
| 75th | Azerbaijan | 2.23% | -18.6% |
| 76th | Gabon | 2.24% | 1,263.0% |
| 77th | St. Kitts and Nevis | 2.24% | 7.6% |
| 78th | Peru | 2.26% | 1,076.8% |
| 79th | Qatar | 2.26% | 843.6% |
| 80th | United States | 2.27% | 42.2% |
| 81st | Philippines | 2.29% | -17.0% |
| 82nd | Belize | 2.32% | 5.6% |
| 83rd | Bulgaria | 2.35% | -59.6% |
| 84th | Norway | 2.49% | 93.3% |
| 85th | Bhutan | 2.57% | -12.5% |
| 86th | Italy | 2.67% | 2.3% |
| 87th | Tunisia | 2.71% | -0.1% |
| 88th | Australia | 2.73% | -10.4% |
| 89th | Canada | 2.76% | 22.2% |
| 90th | Chile | 2.81% | 12.9% |
| 91st | Tuvalu | 2.91% | -42.3% |
| 92nd | Pakistan | 2.91% | -17.7% |
| 93rd | Latvia | 2.94% | 49.9% |
| 94th | Kyrgyz Republic | 2.97% | 39.4% |
| 95th | Vanuatu | 3.02% | 53.6% |
| 96th | Bahamas, The | 3.03% | 101.9% |
| 97th | Spain | 3.04% | -15.4% |
| 98th | Andorra | 3.06% | -2.3% |
| 99th | United Arab Emirates | 3.12% | 6.9% |
| 100th | Portugal | 3.22% | -13.0% |
| 101st | Viet Nam | 3.23% | -14.1% |
| 102nd | Côte d'Ivoire | 3.30% | 7.0% |
| 103rd | Seychelles | 3.30% | 1,551.3% |
| 104th | Bolivia, Plurinational State of | 3.34% | 261.6% |
| 105th | Ireland | 3.49% | -25.5% |
| 106th | Korea | 3.51% | 27.3% |
| 107th | Greece | 3.53% | -10.0% |
| 108th | Aruba | 3.66% | 10.3% |
| 109th | Comoros | 3.80% | 6.2% |
| 110th | India | 3.81% | -23.8% |
| 111th | Trinidad and Tobago | 3.81% | -8.0% |
| 112th | Mauritius | 3.92% | -38.9% |
| 113th | Sierra Leone | 3.99% | 3,198.3% |
| 114th | Central African Republic | 4.13% | 82.5% |
| 115th | Cyprus | 4.14% | 48.6% |
| 116th | Fiji | 4.17% | 477.9% |
| 117th | Algeria | 4.27% | 197.9% |
| 118th | West Bank and Gaza | 4.40% | -22.8% |
| 119th | Egypt, Arab Republic of | 4.51% | 99.6% |
| 120th | Mexico | 4.55% | -9.7% |
| 121st | Hungary | 4.66% | -11.4% |
| 122nd | Armenia | 4.72% | 354.9% |
| 123rd | Mongolia | 5.13% | 451.5% |
| 124th | Mauritania | 5.15% | 32.2% |
| 125th | Ukraine | 5.18% | 584.2% |
| 126th | Nicaragua | 5.30% | 41.4% |
| 127th | Tanzania | 5.30% | 16.4% |
| 128th | Slovenia | 5.54% | -25.9% |
| 129th | Turkmenistan | 5.59% | -36.2% |
| 130th | Guatemala | 5.60% | -31.1% |
| 131st | Bangladesh | 5.67% | 135.5% |
| 132nd | South Africa | 5.68% | -37.5% |
| 133rd | Nepal | 5.71% | 97.1% |
| 134th | Syrian Arab Republic | 5.80% | 1,219.1% |
| 135th | Guyana | 5.98% | 11.6% |
| 136th | Sri Lanka | 6.31% | -33.9% |
| 137th | Kazakhstan | 6.44% | 8.0% |
| 138th | Sudan | 6.49% | -70.8% |
| 139th | Lesotho | 6.63% | -45.7% |
| 140th | Indonesia | 6.76% | -43.3% |
| 141st | Colombia | 7.13% | 12.3% |
| 142nd | Namibia | 7.14% | -43.9% |
| 143rd | Timor-Leste | 7.17% | 75.3% |
| 144th | Eswatini | 7.29% | -38.6% |
| 145th | Equatorial Guinea | 7.32% | -3.4% |
| 146th | Rwanda | 7.45% | 276.1% |
| 147th | Montenegro | 7.50% | -61.9% |
| 148th | Honduras | 7.67% | -0.4% |
| 149th | Ecuador | 7.93% | -36.5% |
| 150th | Solomon Islands | 8.27% | -11.7% |
| 151st | Slovak Republic | 8.55% | 145.2% |
| 152nd | Uganda | 8.68% | 2,993.5% |
| 153rd | Botswana | 9.19% | 14.5% |
| 154th | Costa Rica | 9.45% | 3.1% |
| 155th | Malawi | 9.58% | -35.1% |
| 156th | São Tomé and Principe | 9.79% | -3.3% |
| 157th | Kenya | 9.82% | 399.3% |
| 158th | Serbia | 9.88% | 11.4% |
| 159th | Jamaica | 10.09% | 44.3% |
| 160th | Liberia | 10.33% | -27.0% |
| 161st | Burundi | 10.65% | 879.5% |
| 162nd | Yemen, Republic of | 10.83% | -11.5% |
| 163rd | Guinea | 11.04% | 272.8% |
| 164th | Tonga | 11.64% | 16.5% |
| 165th | Moldova | 11.75% | 125.1% |
| 166th | Uzbekistan | 12.49% | -54.2% |
| 167th | Congo, Democratic Republic of | 12.87% | -49.1% |
| 168th | Argentina | 13.44% | -48.0% |
| 169th | Mozambique | 13.46% | -19.8% |
| 170th | Russian Federation | 13.66% | -13.5% |
| 171st | Nigeria | 14.03% | 8.9% |
| 172nd | Paraguay | 14.24% | 36.0% |
| 173rd | Papua New Guinea | 14.71% | 24.7% |
| 174th | Brazil | 14.71% | 74.1% |
| 175th | Romania | 15.27% | -32.1% |
| 176th | Lao PDR | 15.49% | 45.7% |
| 177th | Tajikistan | 16.30% | 33.3% |
| 178th | Iran, Islamic Republic of | 16.47% | 4.1% |
| 179th | Gambia, The | 17.03% | 97.8% |
| 180th | Uruguay | 19.38% | 38.7% |
| 181st | Zambia | 21.40% | -3.8% |
| 182nd | Türkiye | 21.60% | -52.1% |
| 183rd | Eritrea | 22.67% | 34.3% |
| 184th | Suriname | 23.00% | 48.2% |
| 185th | Dominican Republic | 27.45% | 425.6% |
| 186th | Belarus | 28.40% | -33.3% |
| 187th | Haiti | 28.70% | 337.8% |
| 188th | Ghana | 29.77% | 100.5% |
| 189th | Iraq | 33.62% | 74.0% |
| 190th | Afghanistan | 35.66% | - |
| 191st | Myanmar | 36.59% | 67.0% |
| 192nd | Angola | 98.22% | -9.8% |
FAQ
What was Ghana's inflation rate in 2003?▾
Ghana's inflation rate in 2003 was 29.77%. This ranked 188th globally.
How did Ghana's inflation rate change in 2003?▾
Ghana's inflation rate increased by 100.5% in 2003 compared to 2002.
Which country had the highest inflation rate in 2003?▾
Angola had the highest inflation rate in 2003 at 98.22%.
What is the inflation rate of Ghana in 2003?▾
The inflation rate of Ghana in 2003 was 29.77%. This ranked 188th globally.
How does 2003 compare to 2002 for Ghana's inflation rate?▾
Ghana's inflation rate went from 9.36% in 2002 to 29.77% in 2003, a 100.5% increase.
HistorySaid - pattern alert
Ghana matched the Export Boom Cycle pattern in 2003. Historically: 768 occurrences, 546 successful (71%). Outcome 24 months later: 5.9%. View full analysis →
Related
2002
2004
All years
Full ranking 2003
Consumer Price Index
PPP Conversion Factor
Peak: 1983
Lowest: 1967
Inflation Rate 1990s
Inflation Rate 2000s
Inflation Rate 2010s
Inflation Rate 2020s
Highest ever
Lowest ever
Average
vs Egypt, Arab Republic of
vs Vanuatu
vs Zimbabwe
vs Côte d'Ivoire
African Union Inflation Rate
Global Ranking