The economy of Ghana advanced 5.6 percent year-on-year in the third quarter of 2019, little-changed from a 5.7 percent growth in the previous period. It was the slowest expansion since the second quarter of 2018, due to a slowdown in both the services and industrial sectors.

GDP Annual Growth Rate in Ghana averaged 6.65 percent from 2000 until 2019, reaching an all time high of 25 percent in the first quarter of 2012 and a record low of -1.60 percent in the third quarter of 2015. This page 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. source: Ghana Statistical Service

GDP Annual Growth Rate in Ghana is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Ghana to stand at 6.80 in 12 months time. In the long-term, the Ghana GDP Annual Growth Rate is projected to trend around 6.40 percent in 2020, according to our econometric models.


Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Ghana GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.60 5.70 25.00 -1.60 2000 - 2019 percent Quarterly
Constant Prices 2013, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-04-17 10:40 AM Q4 6.8% 7.4% 6.7%
2019-06-19 11:05 AM Q1 6.7% 6.8% 7%
2019-09-18 11:10 AM Q2 5.7% 6.7% 7.0%
2019-12-18 10:30 AM Q3 5.6% 5.7% 7.3%
2020-04-17 10:30 AM Q4 5.6% 7.0%


News Stream
2019-09-18
Ghana GDP Growth Slows to 1-Year Low in Q2
The economy of Ghana advanced 5.7 percent year-on-year in the second quarter of 2019, following a 6.7 percent growth in the previous period. It was the slowest expansion since the second quarter of 2018, amid sharp contraction in construction, water supply and electricity. Also, mining and financial services grew less.

2019-06-20
Ghana GDP Annual Growth Rate at 6.7% in Q1
The economy of Ghana advanced 6.7 percent year-on-year in the first quarter of 2019, following a 6.8 percent growth in the previous period, mainly boosted by services and the industrial sector. On a quarterly basis, the GDP grew 1.6 percent compared to 1.7 percent in the fourth quarter of 2018.

2019-04-17
Ghana GDP Annual Growth Weakens to 6.8% in Q4
Ghana's economy advanced 6.8 percent year-on-year in the fourth quarter of 2018 compared to a 7.4 percent expansion in the previous period, amid slowdowns in the industrial sector and agriculture. Considering the full year of 2018, the GDP grew 6.3 percent compared to 8.1 percent in 2017.


Ghana GDP Annual Growth Rate
Services is the largest sector of the Ghanaian economy, accounting for 52 percent of the GDP. Within services, the most important sub-sectors are: transport and storage (10 percent); information and communication (9.8 percent); trade, repair of vehicles and household goods (7 percent) and financial and insurance activities; education and public administration & defense and social security (4 percent each). Also, industry accounts for 26 percent of the GDP with mining and quarrying (10 percent); construction (8 percent) and manufacturing (7 percent). Agriculture accounts for 22 percent, mainly crops (17 percent). On the expenditure side, household consumption is the main component of the GDP and accounts for 81 percent of its total use, followed by gross fixed capital formation (11 percent); government expenditure (10 percent) and changes in stocks (2 percent). Exports of goods and services account for 48 percent of GDP while imports for 52 percent, subtracting 4 percent of total GDP.

Ghana GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.40 1.40 7.40 -2.20 percent [+]
GDP Annual Growth Rate 5.60 5.70 25.00 -1.60 percent [+]
GDP 65.56 59.00 65.56 1.22 USD Billion [+]
GDP Constant Prices 40358.30 39805.27 130410.40 4269.40 GHS Million [+]
Gross Fixed Capital Formation 42612.66 33744.92 42612.66 3562.21 GHS Million [+]
GDP per capita 1807.10 1738.30 1807.10 693.50 USD [+]
GDP per capita PPP 4211.85 4051.46 4211.85 1900.76 USD [+]
GDP From Agriculture 7638.80 6464.36 8723.60 5322.00 GHS Million [+]
GDP From Construction 3639.30 2993.45 3639.30 1016.30 GHS Million [+]
GDP From Manufacturing 4953.40 4823.64 4953.40 1801.31 GHS Million [+]
GDP From Mining 7410.50 7247.54 7410.50 497.40 GHS Million [+]
GDP From Public Administration 1289.70 1224.94 1397.19 862.14 GHS Million [+]
GDP From Services 14894.40 15626.43 15626.43 8690.40 GHS Million [+]
GDP From Transport 2036.00 2279.51 3653.00 1471.80 GHS Million [+]
GDP From Utilities 182.70 170.03 273.00 148.34 GHS Million [+]