Ghana trade to gdp ratio for 2023 was 69.04%, a 1.08% decline from 2022.

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

<li>Ghana trade to gdp ratio for 2022 was <strong>70.12%</strong>, a <strong>7.41% increase</strong> from 2021.</li>
<li>Ghana trade to gdp ratio for 2021 was <strong>62.71%</strong>, a <strong>3.87% decline</strong> from 2020.</li>
<li>Ghana trade to gdp ratio for 2020 was <strong>66.58%</strong>, a <strong>10.25% decline</strong> from 2019.</li>
</ul>Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.

Trade (% of GDP) in Ghana was reported at 69.35 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ghana - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Key information about Ghana Total Trade of Goods and Services: % of Nominal GDP

• Ghana Total Trade of Goods & Services: % of Nominal GDP recorded 69.353 % in Dec 2024, compared with 64.388 % in the previous year.
• Ghana Total Trade of Goods & Services: % of Nominal GDP data is updated yearly, available from Dec 2006 to Dec 2024, with an averaged value of 44.392 %.
• The data reached an all-time high of 70.115 % in Dec 2022 and a record low of -8.858 % in Dec 2015.

CEIC calculates annual Total Trade of Goods and Services as % of Nominal GDP from annual Total Trade of Goods and Services and annual Nominal GDP. Ghana Statistical Service provides Total Trade of Goods and Services in local currency and Nominal GDP in local currency, both based on SNA 2008. Total Trade of Goods and Services as % of Nominal GDP prior to 2013 is calculated from Total Trade of Goods and Services based on SNA 1993. Total Trade of Goods and Services as % of Nominal GDP prior to 2006 is calculated from Nominal GDP and Total Trade of Goods and Services both sourced from the International Monetary Fund.

Exports of goods and services (% of GDP) in Ghana was reported at 35.25 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ghana - Exports of goods and services (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Ghana GH: BOP: Current Account: Trade in Services: % of GDP data was reported at 33.968 % in 2017. This records an increase from the previous number of 32.612 % for 2016. Ghana GH: BOP: Current Account: Trade in Services: % of GDP data is updated yearly, averaging 12.206 % from Dec 1975 (Median) to 2017, with 43 observations. The data reached an all-time high of 36.025 % in 2015 and a record low of 4.261 % in 1983. Ghana GH: BOP: Current Account: Trade in Services: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ghana – Table GH.World Bank.WDI: Balance of Payments: Current Account. Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; Weighted average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Ghana: Exports of goods and services as percent of GDP: The latest value from 2024 is 35.25 percent, an increase from 31.77 percent in 2023. In comparison, the world average is 44.58 percent, based on data from 134 countries. Historically, the average for Ghana from 1960 to 2024 is 24.39 percent. The minimum value, 3.34 percent, was reached in 1982 while the maximum of 48.8 percent was recorded in 2000.

Trade in services (% of GDP) in Ghana was reported at 25.67 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ghana - Trade in services (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Trade in services (% of GDP) of Ghana dipped by 4.90% from 27.0 % in 2022 to 25.7 % in 2023. Since the 30.52% surge in 2019, trade in services (% of GDP) sank by 25.09% in 2023. Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.

Ghana recorded a Government Debt to GDP of 70.50 percent of the country's Gross Domestic Product in 2024. This dataset provides the latest reported value for - Ghana Government Debt to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Forecast: Wholesale, Retail Trade, Restaurants and Hotels Contribution to GDP in Ghana 2024 - 2028 Discover more data with ReportLinker!

In 2021, goods and services exports in Ghana are expected to represent ***** percent of the country's Gross Domestic Product (GDP). This would register slight decreases compared to the two years before. Over the period observed, the lowest GDP share of goods and services exported from Ghana was achieved in 2013, while the highest share was reported in 2017 and 2018 at ***** percent each.

Ghana GH: Goods Trade: % of GDP data was reported at 55.092 % in 2017. This records a decrease from the previous number of 56.173 % for 2016. Ghana GH: Goods Trade: % of GDP data is updated yearly, averaging 54.154 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 93.196 % in 2000 and a record low of 25.347 % in 1991. Ghana GH: Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ghana – Table GH.World Bank.WDI: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.; ; World Trade Organization, and World Bank GDP estimates.; Weighted average;

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.

Merchandise trade (% of GDP) in Ghana was reported at 43.66 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ghana - Merchandise trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Ghana GH: GDP: % of GDP: Trade data was reported at 90.632 % in 2017. This records an increase from the previous number of 89.343 % for 2016. Ghana GH: GDP: % of GDP: Trade data is updated yearly, averaging 47.315 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 116.048 % in 2000 and a record low of 6.320 % in 1982. Ghana GH: GDP: % of GDP: Trade data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ghana – Table GH.World Bank: Gross Domestic Product: Share of GDP. Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

Ghana GH: GDP: Real: Terms of Trade Adjustment data was reported at -1,459.098 GHS mn in 2017. This records a decrease from the previous number of 9.534 GHS mn for 2016. Ghana GH: GDP: Real: Terms of Trade Adjustment data is updated yearly, averaging -0.000 GHS mn from Dec 2006 (Median) to 2017, with 12 observations. The data reached an all-time high of 25.229 GHS mn in 2014 and a record low of -1,459.098 GHS mn in 2017. Ghana GH: GDP: Real: Terms of Trade Adjustment data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ghana – Table GH.World Bank: Gross Domestic Product: Real. The terms of trade effect equals capacity to import less exports of goods and services in constant prices. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Imports of goods and services (% of GDP) in Ghana was reported at 34.1 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ghana - Imports of goods and services (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Ghana GH: GDP: Real: Exports as a Capacity to Import data was reported at 16,572.172 GHS mn in 2017. This records an increase from the previous number of 16,071.296 GHS mn for 2016. Ghana GH: GDP: Real: Exports as a Capacity to Import data is updated yearly, averaging 13,737.579 GHS mn from Dec 2006 (Median) to 2017, with 12 observations. The data reached an all-time high of 16,572.172 GHS mn in 2017 and a record low of 4,712.302 GHS mn in 2006. Ghana GH: GDP: Real: Exports as a Capacity to Import data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ghana – Table GH.World Bank: Gross Domestic Product: Real. Exports as a capacity to import equals the current price value of exports of goods and services deflated by the import price index. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Ghana's cocoa industry is poised for significant growth, with its contribution to the country's GDP projected to reach **** billion Ghanaian cedis by 2029, approximately *** million U.S. dollars. This marked a substantial increase from 2024, highlighting the sector's expanding economic importance. The rising value of cocoa production underscores Ghana's position as a key player in the global cocoa market, despite recent drops in output. Ghana's role in global cocoa production As the world's second-largest cocoa producer, Ghana plays a crucial role in the international cocoa trade. In the 2022/2023 crop season, the country produced an estimated ******* metric tons of cocoa beans. While this represents a decrease from the record **** million metric tons harvested in 2020/2021, Ghana remains a dominant force in the industry. The country's cocoa exports were valued at approximately *** billion U.S. dollars in 2023, making it the second-largest exporter in Africa. Economic impact and future outlook Cocoa is a vital component of Ghana's economy, ranking as the third most valuable export commodity behind gold and crude petroleum. The crop's significance is further emphasized by the extensive land use dedicated to its cultivation, with **** million hectares harvested in 2023. Despite a slight contraction in harvested area compared to previous years, the projected increase in cocoa's contribution to GDP suggests improved productivity and value addition in the sector. This growth trajectory aligns with Ghana's efforts to diversify its economy and strengthen its position in the global cocoa market.

Ghana GDP: 2006p: Trade Balance data was reported at -1,662.275 GHS mn in 2017. This records an increase from the previous number of -2,819.460 GHS mn for 2016. Ghana GDP: 2006p: Trade Balance data is updated yearly, averaging -3,816.117 GHS mn from Dec 2006 (Median) to 2017, with 12 observations. The data reached an all-time high of -1,662.275 GHS mn in 2017 and a record low of -5,784.948 GHS mn in 2013. Ghana GDP: 2006p: Trade Balance data remains active status in CEIC and is reported by Ghana Statistical Service. The data is categorized under Global Database’s Ghana – Table GH.A014: SNA 1993: GDP: by Expenditure: 2006 Price. Changed from SNA 1993 to SNA 2008 Rebased from 2006p to 2013p Replacement series ID: 409149127