The Gross Domestic Product (GDP) in Ghana expanded 0.80 percent in the fourth quarter of 2020 over the previous quarter. source: Ghana Statistical Service

GDP Growth Rate in Ghana averaged 1.52 percent from 2006 until 2020, reaching an all time high of 7.40 percent in the first quarter of 2011 and a record low of -2.20 percent in the fourth quarter of 2008. This page 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 - values, historical data and charts - was last updated on December of 2021.

GDP Growth Rate in Ghana is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ghana GDP Growth Rate is projected to trend around 1.60 percent in 2022 and 1.80 percent in 2023, according to our econometric models.

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Ghana GDP Growth Rate


Related Last Previous Unit Reference
GDP Growth Rate 0.90 0.80 percent Jun/21
GDP Annual Growth Rate 3.90 3.10 percent Jun/21
GDP Constant Prices 42205.81 41842.82 GHS Million Jun/21
Gross Fixed Capital Formation 69219.66 68445.98 GHS Million Dec/20
GDP From Utilities 228.56 195.80 GHS Million Jun/21
GDP From Transport 2386.96 2443.50 GHS Million Jun/21
GDP From Services 16083.96 18253.10 GHS Million Jun/21
GDP From Public Administration 1448.38 1486.30 GHS Million Jun/21
GDP From Mining 4873.71 5018.50 GHS Million Jun/21
GDP From Manufacturing 4612.31 6772.80 GHS Million Jun/21
GDP From Construction 3365.57 3558.70 GHS Million Jun/21
GDP From Agriculture 7548.71 9554.50 GHS Million Jun/21
Ghana GDP 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.