Ghana GDP Growth Rate  2006-2018 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Ghana expanded 1.30 percent in the second quarter of 2018 over the previous quarter. GDP Growth Rate in Ghana averaged 1.62 percent from 2006 until 2018, 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.

Ghana GDP Growth Rate
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Ghana GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.30 1.30 7.40 -2.20 percent [+]
GDP Annual Growth Rate 5.40 5.40 25.00 -1.60 percent [+]
GDP 47.33 42.80 47.81 1.22 USD Billion [+]
GDP Constant Prices 37332.86 36848.96 130410.40 4269.40 GHS Million [+]
Gross Fixed Capital Formation 33744.92 34380.55 34380.55 3562.21 GHS Million [+]
GDP per capita 1813.80 1708.80 1813.80 701.50 USD [+]
GDP per capita PPP 4227.60 3982.80 4227.60 1919.60 USD [+]
GDP From Agriculture 6267.93 7676.15 8353.76 5322.00 GHS Million [+]
GDP From Construction 3264.24 3334.65 3556.97 1016.30 GHS Million [+]
GDP From Manufacturing 4490.79 4610.34 4610.34 1801.31 GHS Million [+]
GDP From Mining 6357.49 5748.72 6357.49 497.40 GHS Million [+]
Gdp From Public Administration 1259.98 1168.96 1397.19 862.14 GHS Million [+]
GDP From Services 14673.13 14214.37 14673.13 8690.40 GHS Million [+]
GDP From Transport 2198.14 2355.18 3653.00 1471.80 GHS Million [+]
GDP From Utilities 184.57 187.77 273.00 148.34 GHS Million [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.30 7.40 -2.20 2006 - 2018 percent Quarterly
Constant Prices 2013, SA




GDP growth rate by Country
Country Last
Singapore 4.70 Sep/18
Indonesia 4.21 Jun/18
United States 4.20 Jun/18
India 1.90 Jun/18
China 1.60 Sep/18
Australia 0.90 Jun/18
Russia 0.90 Jun/18
Turkey 0.90 Jun/18
Netherlands 0.80 Jun/18
Canada 0.70 Jun/18
Japan 0.70 Jun/18
Switzerland 0.70 Jun/18
South Korea 0.60 Jun/18
Spain 0.60 Jun/18
Germany 0.50 Jun/18
Euro Area 0.40 Jun/18
United Kingdom 0.40 Jun/18
Brazil 0.20 Jun/18
France 0.20 Jun/18
Italy 0.20 Jun/18
Saudi Arabia -0.05 Mar/18
Mexico -0.20 Jun/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


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