Ghana vs Nigeria
Ghana vs Nigeria: Inflation
Inflation in 2025: 14.2% a year in Ghana and 23% a year in Nigeria, by IMF estimates. In 2025 the value was higher in Nigeria, by 8.8 percentage points, or 1.62 times that in Ghana.
% a year · IMF
What the numbers say
- Nigeria has been higher since 2024, when it overtook Ghana.
- In 2025, Ghana ranked 16 and Nigeria ranked 10 of 179 countries, counting from the highest.
- The IMF projection (World Economic Outlook, October 2026) puts Ghana at 8% a year and Nigeria at 10% a year in 2031.
Every year
% a year · IMF
| Year | Ghana | Nigeria |
|---|---|---|
| 2025 | 14.2 | 23 |
| 2024 | 22.9 | 33.2 |
| 2023 | 39.2 | 24.7 |
| 2022 | 31.9 | 18.9 |
| 2021 | 10 | 17 |
| 2020 | 9.9 | 13.3 |
| 2019 | 7.2 | 11.4 |
| 2018 | 9.8 | 12.1 |
| 2017 | 12.4 | 16.5 |
| 2016 | 17.5 | 15.7 |
| 2015 | 17.2 | 9 |
| 2014 | 15.5 | 8 |
| 2013 | 11.7 | 8.5 |
| 2012 | 7.1 | 12.2 |
| 2011 | 7.7 | 10.8 |
| 2010 | 6.7 | 13.7 |
| 2009 | 13.1 | 12.5 |
| 2008 | 16.5 | 11.6 |
| 2007 | 10.7 | 5.4 |
| 2006 | 11.7 | 8.2 |
| 2005 | 15.1 | 17.9 |
| 2004 | 12.7 | 15 |
| 2003 | 26.6 | 14 |
| 2002 | 14.9 | 12.9 |
| 2001 | 32.9 | 18.9 |
| 2000 | 25.1 | 6.9 |
| 1999 | 12.5 | 6.6 |
| 1998 | 19.2 | 7.9 |
| 1997 | 24.8 | 10.7 |
| 1996 | 44.5 | 29.3 |
| 1995 | 59.3 | – |
| 1994 | 24.9 | – |
| 1993 | 24.9 | – |
| 1992 | 10.1 | – |
| 1991 | 18.1 | – |
| 1990 | 37.2 | – |
| 1989 | 25.2 | – |
| 1988 | 31.4 | – |
| 1987 | 39.8 | – |
| 1986 | 24.5 | – |
| 1985 | 10.3 | – |
| 1984 | 40 | – |
| 1983 | 122.2 | – |
| 1982 | 22.5 | – |
| 1981 | 116.5 | – |
| 1980 | 50 | – |
IMF projection (World Economic Outlook, October 2026) · 2026–2031
| Year | Ghana | Nigeria |
|---|---|---|
| 2026 | 4.8 | 15.6 |
| 2027 | 7.8 | 14.7 |
| 2028 | 8 | 13.3 |
| 2029 | 8 | 11.5 |
| 2030 | 8 | 10.5 |
| 2031 | 8 | 10 |
Each country on its own
Good to know
- How much consumer prices rose in a year, on average.
- Source: IMF, World Economic Outlook, October 2026.
- The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
- Ranks count the 179 countries with a value in 2025, highest first.
How the layers work, where their data comes from and what they can’t tell you: Countries through time
Ghana vs Nigeria
Health
- Life expectancyGhana: 65.5 years in 2023Nigeria: 54.5 years in 2023
- Child mortalityGhana: 3.6 per 100 live births in 2024Nigeria: 11.6 per 100 live births in 2024
- Infant mortalityGhana: 30.7 per 1,000 live births in 2023Nigeria: 69.5 per 1,000 live births in 2023
- Safe drinking waterGhana: 44.5% in 2022Nigeria: 29% in 2022
- DepressionGhana: 3.4% in 2017Nigeria: 3.92% in 2017
- Suicide rateGhana: 9.7 per 100,000 people in 2017Nigeria: 7.5 per 100,000 people in 2017
People
- PopulationGhana: 33.8 million people in 2023Nigeria: 228 million people in 2023
- Population growthGhana: 1.9% a year in 2023Nigeria: 2.1% a year in 2023
- Fertility rateGhana: 3.4 births per woman in 2023Nigeria: 4.48 births per woman in 2023
- Urban populationGhana: 58.9% in 2025Nigeria: 63.8% in 2025
- Median ageGhana: 20.9 years in 2023Nigeria: 17.8 years in 2023
- People aged 65 and overGhana: 3.6% in 2023Nigeria: 3% in 2023
- Net migration rateGhana: -0.3 per 1,000 people in 2023Nigeria: -0.3 per 1,000 people in 2023
Economy
Education
Politics
Conflict
Military
- Military spendingGhana: 0.48% of GDP in 2025Nigeria: 0.91% of GDP in 2025
- Military spending in US dollarsGhana: $385M in 2025Nigeria: $1.76B in 2025
- Military spending per personGhana: $15 in 2025Nigeria: $9 in 2025
- Military share of state spendingGhana: 2.4% of government spending in 2025Nigeria: 5.9% of government spending in 2025
- Armed forces personnelGhana: 16,000 people in 2020Nigeria: 223,000 people in 2020
- National powerGhana: 0.17% of world capability in 2022Nigeria: 1.16% of world capability in 2022
- Armed forces, share of workersGhana: 0.13% of the labour force in 2020Nigeria: 0.23% of the labour force in 2020
- Arms importsGhana: 5 million TIV in 2025Nigeria: 21 million TIV in 2025
- Arms exportsGhana: 19 million TIV in 2005Nigeria: 4 million TIV in 2022