Ghana - Inflation Rate 2020
9.89%
+2.68pp from 2019
Ghana's inflation rate was 9.89% in 2020, increased +2.68pp from 7.14% in 2019. This was the 175th highest globally.
Global Ranking - 2020▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Fiji | -2.60% | -246.4% |
| 2nd | Qatar | -2.54% | -182.3% |
| 3rd | Bahrain | -2.32% | -330.2% |
| 4th | United Arab Emirates | -2.08% | -7.5% |
| 5th | St. Lucia | -1.76% | -425.8% |
| 6th | Samoa | -1.57% | -171.7% |
| 7th | Panama | -1.55% | -336.7% |
| 8th | Maldives | -1.37% | -203.3% |
| 9th | Aruba | -1.31% | -133.3% |
| 10th | Greece | -1.25% | -341.4% |
| 11th | St. Kitts and Nevis | -1.17% | -252.6% |
| 12th | Malaysia | -1.14% | -271.7% |
| 13th | Bosnia and Herzegovina | -1.05% | -288.1% |
| 14th | Thailand | -0.85% | -219.8% |
| 15th | Grenada | -0.74% | -223.9% |
| 16th | West Bank and Gaza | -0.74% | -147.2% |
| 17th | Switzerland | -0.73% | -300.0% |
| 18th | Liechtenstein | -0.72% | -299.4% |
| 19th | Marshall Islands | -0.66% | -498.2% |
| 20th | Cyprus | -0.64% | -216.7% |
| 21st | St. Vincent and the Grenadines | -0.63% | -169.3% |
| 22nd | Israel | -0.58% | -168.3% |
| 23rd | Puerto Rico (US) | -0.50% | -691.7% |
| 24th | Estonia | -0.44% | -119.6% |
| 25th | Oman | -0.41% | -186.1% |
| 26th | El Salvador | -0.37% | -602.1% |
| 27th | Tonga | -0.35% | -108.4% |
| 28th | Ecuador | -0.34% | -227.4% |
| 29th | Ireland | -0.33% | -136.9% |
| 30th | Spain | -0.32% | -141.4% |
| 31st | Montenegro | -0.26% | -170.4% |
| 32nd | Singapore | -0.17% | -130.3% |
| 33rd | Italy | -0.14% | -121.7% |
| 34th | San Marino | -0.13% | -128.2% |
| 35th | Slovenia | -0.05% | -103.4% |
| 36th | Japan | -0.02% | -105.3% |
| 37th | Portugal | -0.01% | -104.1% |
| 38th | Bahamas, The | 0.04% | -98.5% |
| 39th | Andorra | 0.09% | -82.6% |
| 40th | Belize | 0.12% | -34.7% |
| 41st | Germany | 0.14% | -89.3% |
| 42nd | Croatia | 0.15% | -80.4% |
| 43rd | Kosovo | 0.20% | -92.6% |
| 44th | Palau | 0.22% | -50.2% |
| 45th | Latvia | 0.22% | -92.0% |
| 46th | Hong Kong SAR, China | 0.25% | -91.3% |
| 47th | Finland | 0.29% | -74.4% |
| 48th | Jordan | 0.33% | -56.0% |
| 49th | Denmark | 0.42% | -42.3% |
| 50th | Mali | 0.44% | 114.5% |
| 51st | France | 0.48% | -63.3% |
| 52nd | European Union | 0.48% | -70.8% |
| 53rd | Timor-Leste | 0.50% | -44.5% |
| 54th | Sweden | 0.50% | -71.1% |
| 55th | Korea | 0.54% | 40.3% |
| 56th | Micronesia, Federated States of | 0.55% | -74.9% |
| 57th | Iraq | 0.57% | 388.5% |
| 58th | Trinidad and Tobago | 0.60% | -40.2% |
| 59th | Cabo Verde | 0.61% | -45.2% |
| 60th | Antigua and Barbuda | 0.63% | -56.3% |
| 61st | Malta | 0.64% | -58.1% |
| 62nd | Barbados | 0.65% | -62.4% |
| 63rd | Morocco | 0.71% | 258.4% |
| 64th | Canada | 0.72% | -63.2% |
| 65th | Costa Rica | 0.72% | -65.4% |
| 66th | Belgium | 0.74% | -40.7% |
| 67th | Comoros | 0.79% | -78.7% |
| 68th | Macao SAR, China | 0.81% | -70.5% |
| 69th | Luxembourg | 0.82% | -50.3% |
| 70th | Australia | 0.85% | -45.9% |
| 71st | Nauru | 0.93% | -77.3% |
| 72nd | Bolivia, Plurinational State of | 0.94% | -48.8% |
| 73rd | United Kingdom | 0.99% | -44.8% |
| 74th | Guyana | 0.99% | -52.5% |
| 75th | Guinea-Bissau | 1.14% | 298.6% |
| 76th | Lithuania | 1.20% | -46.5% |
| 77th | North Macedonia | 1.20% | 56.7% |
| 78th | Seychelles | 1.20% | -33.8% |
| 79th | Armenia | 1.21% | -16.8% |
| 80th | Dominica | 1.22% | -18.9% |
| 81st | United States | 1.23% | -32.0% |
| 82nd | Netherlands | 1.27% | -52.4% |
| 83rd | Norway | 1.29% | -40.7% |
| 84th | Gabon | 1.35% | -33.1% |
| 85th | Austria | 1.38% | -7.4% |
| 86th | Libya | 1.45% | 166.9% |
| 87th | Tuvalu | 1.57% | -55.0% |
| 88th | Serbia | 1.58% | -14.8% |
| 89th | Albania | 1.62% | 14.9% |
| 90th | Bulgaria | 1.67% | -31.9% |
| 91st | Togo | 1.70% | 147.3% |
| 92nd | Central African Republic | 1.71% | -37.9% |
| 93rd | New Zealand | 1.71% | 5.8% |
| 94th | Paraguay | 1.77% | -35.9% |
| 95th | Djibouti | 1.78% | -46.4% |
| 96th | Congo, Republic of | 1.80% | 348.8% |
| 97th | Burkina Faso | 1.88% | 158.3% |
| 98th | Botswana | 1.89% | -31.1% |
| 99th | Indonesia | 1.92% | -32.0% |
| 100th | Slovak Republic | 1.94% | -30.1% |
| 101st | Brunei Darussalam | 1.94% | 596.2% |
| 102nd | Peru | 2.00% | -6.3% |
| 103rd | Kuwait | 2.10% | 92.5% |
| 104th | Namibia | 2.21% | -40.6% |
| 105th | Myanmar | 2.25% | -75.2% |
| 106th | Mauritania | 2.39% | 3.5% |
| 107th | Philippines | 2.39% | 0.0% |
| 108th | Côte d'Ivoire | 2.41% | 213.3% |
| 109th | Algeria | 2.42% | 23.7% |
| 110th | China | 2.42% | -16.3% |
| 111th | Cameroon | 2.44% | -0.7% |
| 112th | Colombia | 2.53% | -28.2% |
| 113th | Senegal | 2.54% | 149.3% |
| 114th | Kiribati | 2.55% | 240.8% |
| 115th | Mauritius | 2.58% | 468.5% |
| 116th | Romania | 2.63% | -31.2% |
| 117th | Ukraine | 2.73% | -65.4% |
| 118th | Azerbaijan | 2.76% | 6.4% |
| 119th | Iceland | 2.85% | -5.3% |
| 120th | Niger | 2.90% | 214.9% |
| 121st | Cambodia | 2.94% | 50.2% |
| 122nd | Solomon Islands | 2.96% | 33.5% |
| 123rd | Benin | 3.02% | 430.0% |
| 124th | Chile | 3.05% | 35.1% |
| 125th | Czechia | 3.16% | 11.0% |
| 126th | Brazil | 3.21% | -14.0% |
| 127th | Guatemala | 3.21% | -13.1% |
| 128th | Viet Nam | 3.22% | 15.2% |
| 129th | South Africa | 3.23% | -21.4% |
| 130th | Tanzania | 3.29% | -4.6% |
| 131st | Uganda | 3.31% | 55.0% |
| 132nd | Hungary | 3.33% | -1.4% |
| 133rd | Saudi Arabia | 3.37% | 261.1% |
| 134th | Poland | 3.37% | 48.9% |
| 135th | Russian Federation | 3.38% | -24.3% |
| 136th | Mexico | 3.40% | -6.6% |
| 137th | Honduras | 3.47% | -20.6% |
| 138th | Mozambique | 3.48% | -38.7% |
| 139th | Nicaragua | 3.68% | -31.5% |
| 140th | Mongolia | 3.72% | -49.2% |
| 141st | Moldova | 3.77% | -22.3% |
| 142nd | Dominican Republic | 3.78% | 108.8% |
| 143rd | Eswatini | 3.87% | 49.0% |
| 144th | Somalia, Fed. Rep. | 4.11% | -12.7% |
| 145th | Madagascar | 4.20% | -25.3% |
| 146th | Chad | 4.46% | 559.7% |
| 147th | Equatorial Guinea | 4.77% | 283.2% |
| 148th | Papua New Guinea | 4.87% | 25.2% |
| 149th | Lesotho | 4.98% | 1.0% |
| 150th | Egypt, Arab Republic of | 5.04% | -63.6% |
| 151st | Nepal | 5.06% | 9.4% |
| 152nd | Lao PDR | 5.10% | 53.6% |
| 153rd | Georgia | 5.20% | 7.2% |
| 154th | Jamaica | 5.23% | 33.7% |
| 155th | Vanuatu | 5.33% | 96.4% |
| 156th | Kenya | 5.41% | 3.2% |
| 157th | Belarus | 5.55% | -0.9% |
| 158th | Afghanistan | 5.60% | 143.3% |
| 159th | Bhutan | 5.63% | 100.0% |
| 160th | Tunisia | 5.63% | -16.2% |
| 161st | Bangladesh | 5.69% | 3.9% |
| 162nd | Gambia, The | 5.93% | -16.6% |
| 163rd | Turkmenistan | 6.10% | 19.8% |
| 164th | Sri Lanka | 6.15% | 43.0% |
| 165th | Kyrgyz Republic | 6.33% | 456.8% |
| 166th | India | 6.62% | 38.9% |
| 167th | Kazakhstan | 6.72% | 27.2% |
| 168th | Burundi | 7.32% | 995.0% |
| 169th | Tajikistan | 8.58% | 10.1% |
| 170th | Malawi | 8.63% | -8.0% |
| 171st | Pakistan | 9.74% | 43.2% |
| 172nd | Uruguay | 9.76% | 23.8% |
| 173rd | São Tomé and Principe | 9.82% | 27.3% |
| 174th | Rwanda | 9.85% | 307.5% |
| 175th | Ghana | 9.89% | 37.2% |
| 176th | Guinea | 10.60% | 11.9% |
| 177th | Congo, Democratic Republic of | 11.36% | 141.4% |
| 178th | Türkiye | 12.28% | -19.1% |
| 179th | Uzbekistan | 12.87% | -11.4% |
| 180th | Nigeria | 13.25% | 16.2% |
| 181st | Sierra Leone | 13.45% | -9.2% |
| 182nd | Zambia | 15.73% | 71.9% |
| 183rd | Liberia | 16.96% | -37.1% |
| 184th | Yemen, Republic of | 21.67% | 38.1% |
| 185th | Angola | 22.27% | 30.4% |
| 186th | Haiti | 22.80% | 31.7% |
| 187th | South Sudan | 29.68% | -39.8% |
| 188th | Iran, Islamic Republic of | 30.59% | -12.1% |
| 189th | Suriname | 34.89% | 694.4% |
| 190th | Argentina | 42.02% | -21.5% |
| 191st | Lebanon | 84.86% | 2,835.5% |
| 192nd | Sudan | 163.26% | 220.2% |
| 193rd | Zimbabwe | 557.20% | 118.3% |
FAQ
What was Ghana's inflation rate in 2020?▾
Ghana's inflation rate in 2020 was 9.89%. This ranked 175th globally.
How did Ghana's inflation rate change in 2020?▾
Ghana's inflation rate increased by 37.2% in 2020 compared to 2019.
Which country had the highest inflation rate in 2020?▾
Zimbabwe had the highest inflation rate in 2020 at 557.20%.
What is the inflation rate of Ghana in 2020?▾
The inflation rate of Ghana in 2020 was 9.89%. This ranked 175th globally.
How does 2020 compare to 2019 for Ghana's inflation rate?▾
Ghana's inflation rate went from 7.14% in 2019 to 9.89% in 2020, a 37.2% increase.
Related
2019
2021
All years
Full ranking 2020
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