The Gross Domestic Product (GDP) in Ghana expanded 5.30 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - Ghana GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The growth of the real gross domestic product (GDP) in Ghana was estimated at approximately 5.69 percent in 2024. Between 1980 and 2024, the growth rose by around 5.24 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The growth is forecast to decline by about 0.69 percentage points from 2024 to 2030, fluctuating as it trends downward.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

The Gross Domestic Product (GDP) in Ghana was worth 82.83 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Ghana represents 0.08 percent of the world economy. This dataset provides the latest reported value for - Ghana GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Ghana Real GDP Growth

• The Gross Domestic Product (GDP) in Ghana expanded 0.9 % YoY in Dec 2024, following a growth of 1.7 % in the previous quarter.
• Real GDP Growth YoY data in Ghana is updated quarterly, available from Jun 2006 to Dec 2024, with an average rate of 1.4 %.
• The data reached an all-time high of 4.9 % in Jun 2006 and a record low of -1.3 % in Jun 2020.

CEIC calculates quarterly Real GDP Growth from quarterly Real GDP. Ghana Statistical Service provides Real GDP in local currency, at chain linked 2013 prices. Real GDP Growth prior to Q1 2007 is calculated from Real GDP based on SNA 1993, at 2006 prices.


Related information about Ghana Real GDP Growth

• In the latest reports, Nominal GDP of Ghana reached 21.2 USD bn in Dec 2024.
• Its GDP deflator (implicit price deflator) increased 25.7 % in Dec 2024.
• GDP Per Capita in Ghana reached 2,353.0 USD in Dec 2022.
• Its Gross Savings Rate was measured at 9.9 % in Dec 2023.
• For Nominal GDP contributions, Investment accounted for 10.8 % in Dec 2023.
• Public Consumption accounted for 5.9 % in Dec 2023.
• Private Consumption accounted for 84.2 % in Dec 2023.

The gross domestic product (GDP) in current prices in Ghana was estimated at about 82.83 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 44.15 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 35.78 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

Full Year GDP Growth in Ghana increased to 5.70 percent in 2024 from 2.90 percent in 2023. This dataset includes a chart with historical data for Ghana Full Year Gdp Growth.

In June 2024, a nominal gross domestic product (GDP) of around 1.1 trillion Ghanaian cedis (GHS), approximately 74.3 billion U.S. dollars, was reached in Ghana. Moreover, the nominal GDP was constant was constant in each of the years under review, signifying that current market prices of goods and services in the country had remained the same during these periods.

The Gross Domestic Product (GDP) in Ghana expanded 0.90 percent in the fourth quarter of 2024 over the previous quarter. This dataset provides the latest reported value for - Ghana GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Ghana gdp growth rate for 2023 was 2.94%, a 0.87% decline from 2022.

<ul style='margin-top:20px;'>

<li>Ghana gdp growth rate for 2022 was <strong>3.82%</strong>, a <strong>1.26% decline</strong> from 2021.</li>
<li>Ghana gdp growth rate for 2021 was <strong>5.08%</strong>, a <strong>4.56% increase</strong> from 2020.</li>
<li>Ghana gdp growth rate for 2020 was <strong>0.51%</strong>, a <strong>5.99% decline</strong> from 2019.</li>
</ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

In 2024, the contribution of oil and gas to Gross Domestic Product in Ghana was projected to experience an increase of 14.2 percent. In 2021, the growth rate registered a drop of 12.6 percent. Moreover, the sector was projected to grow by five percent by the end of 2024.

Ghana economic growth for 2023 was 76.37 billion US dollars, a 2.84% increase from 2022.

<ul style='margin-top:20px;'>

<li>Ghana economic growth for 2022 was <strong>74.26 billion US dollars</strong>, a <strong>6.62% decline</strong> from 2021.</li>
<li>Ghana economic growth for 2021 was <strong>79.52 billion US dollars</strong>, a <strong>13.54% increase</strong> from 2020.</li>
<li>Ghana economic growth for 2020 was <strong>70.04 billion US dollars</strong>, a <strong>2.5% increase</strong> from 2019.</li>
</ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Key information about Ghana Nominal GDP

• Ghana Nominal GDP reached 21.2 USD bn in Dec 2024, compared with 19.0 USD bn in the previous quarter.
• Nominal GDP in Ghana is updated quarterly, available from Mar 2006 to Dec 2024, with an average number of 14.6 USD bn.
• The data reached an all-time high of 23.7 USD bn in Mar 2024 and a record low of 7.0 USD bn in Jun 2006.

CEIC converts quarterly Nominal GDP into USD. Ghana Statistical Service provides Nominal GDP in local currency based on SNA 2008. The Bank of Ghana average market exchange rate is used for currency conversions.


Related information about Ghana Nominal GDP

• In the latest reports, Ghana GDP expanded 0.9 % YoY in Dec 2024.
• Its GDP deflator (implicit price deflator) increased 25.7 % in Dec 2024.
• Ghana GDP Per Capita reached 2,353.0 USD in Dec 2022.
• Its Gross Savings Rate was measured at 9.9 % in Dec 2023.
• For Nominal GDP contributions, Investment accounted for 10.8 % in Dec 2023.
• Public Consumption accounted for 5.9 % in Dec 2023.
• Private Consumption accounted for 84.2 % in Dec 2023.

The latest data from show economic growth of 3.62 percent, which is a decrease from the rate of growth of 7.17 percent in the previous quarter and
a decrease compared to the growth rate of 5.1 percent in the same quarter last year. The economic growth time series for Ghana cover the period from...

In 2024, the contribution from the cocoa sector to gross domestic product (GDP) in Ghana was projected to experience a rise by three percent, at constant prices. In 2021, the growth rate was registered at 10.4 percent. Moreover, the cocoa sector’s contribution to the GDP was projected to grow by five percent in 2027. Overall, 689 thousand metric tons of cocoa beans were produced in the country in the crop season 2021/2022.

Key information about Ghana Nominal GDP Growth

• Ghana Nominal GDP Growth was reported at 30.257 % in Dec 2024.
• This records a decrease from the previous number of 32.988 % for Sep 2024.
• Ghana Nominal GDP Growth data is updated quarterly, averaging 21.079 % from Mar 2007 to Dec 2024, with 72 observations.
• The data reached an all-time high of 55.200 % in Mar 2023 and a record low of 2.632 % in Sep 2015.
• Ghana Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Ghana Statistical Service provides Nominal GDP in local currency, based on SNA 2008.

The latest data from show economic growth of 3.62 pour cent, which is a decrease from the rate of growth of 7.17 pour cent in the previous quarter and
a decrease compared to the growth rate of 5.1 pour cent in the same quarter last year. The economic growth time series for Ghana cover the period...

Key information about Ghana GDP Deflator Growth

• Ghana GDP deflator (implicit price deflator) increased 25.7 % in Dec 2024, compared with an increase of 24.1 % in the previous quarter.
• Ghana GDP Deflator Growth data is updated quarterly, available from Mar 2007 to Dec 2024, with an average rate of 13.8 %.
• The data reached an all-time high of 50.4 % in Mar 2023 and a record low of 2.8 % in Mar 2012.

CEIC calculates quarterly GDP Deflator Growth from quarterly Nominal and Real GDP. Ghana Statistical Service provides Nominal GDP in local currency and Real GDP in local curency, at 2013 prices.


Related information about Ghana GDP Deflator Growth

• In the latest reports, Ghana GDP expanded 0.9 % YoY in Dec 2024.
• Its Nominal GDP reached 21.2 USD bn in Dec 2024.
• Ghana GDP Per Capita reached 2,353.0 USD in Dec 2022.
• Its Gross Savings Rate was measured at 9.9 % in Dec 2023.

GDP from Agriculture in Ghana decreased to 11493.63 GHS Million in the first quarter of 2025 from 12089.62 GHS Million in the fourth quarter of 2024. This dataset provides - Ghana Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the gross domestic product (GDP) per capita in Ghana was estimated at about 2.41 thousand U.S. dollars. Between 1980 and 2024, the figure dropped by approximately 833.65 U.S. dollars, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the GDP per capita will steadily grow by around 697.36 U.S. dollars from 2024 to 2030.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

GDP, billion currency units in Ghana, December, 2024 The most recent value is 331.15 billion Ghanaian cedi as of Q4 2024, an increase compared to the previous value of 287.53 billion Ghanaian cedi. Historically, the average for Ghana from Q1 2009 to Q4 2024 is 83.81 billion Ghanaian cedi. The minimum of 7.68 billion Ghanaian cedi was recorded in Q1 2009, while the maximum of 331.15 billion Ghanaian cedi was reached in Q4 2024. | TheGlobalEconomy.com