Ghana GDP Annual Growth Rate  2000-2017 | Data | Chart | Calendar

The Ghana's economy expanded 4.1 percent year-on-year in the last three months of 2016, higher than 3.9 percent a year earlier. The main drivers of growth were services and industry. Considering full 2016, the GDP advanced 3.5 percent, below 3.9 percent in 2015 on lower oil and gas production due to shutdowns. The government expects growth to reach 6.3 percent in 2017. GDP Annual Growth Rate in Ghana averaged 6.80 percent from 2000 until 2016, reaching an all time high of 25 percent in the first quarter of 2012 and a record low of -3.80 percent in the first quarter of 2014.

Ghana GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-28 11:00 AM Q2 2.5% 4.8% 4.5%
2016-12-29 11:05 AM Q3 4% 2.3% 2.9%
2017-04-26 11:30 AM Q4 4.1% 4% 4.4%
2017-06-28 11:00 AM Q1 3.78%
2017-09-27 11:00 AM Q2 3.77%
2017-12-27 11:00 AM Q3 3.27%




Ghana Economy Expands 4.1% YoY In Q4


The GDP in Ghana advanced 4.1 percent year-on-year in the fourth quarter of 2016, following a downwardly revised 3.9 percent expansion in the previous quarter. The main drivers of growth were services and industry. A year earlier, GDP growth was lower at 3.9 percent.

The services sector advanced 6.3 percent (from 4.5 percent in Q3), boosted by trade (3.8 percent from 2.4 percent in Q3); hotels and restaurants (2.7 percent from -3.5 percent in Q3); transport and storage (2.7 percent from 0.6 percent in Q3); finance and insurance (3.4 percent, the same as in Q3); real estate, professional, administrative and others (9.3 percent from 1.4 percent in Q3) and public administration (5.3 percent from 0.6 percent in Q3).

The industry sector rose 3 percent, following a 0.9 percent increase in Q3. Output advanced for mining and quarrying (8.9 percent from 1.6 percent in Q3), electricity (7.2 percent from 3.9 percent in Q3) and rebounded for water and sewerage (2.6 percent from -9.2 percent in Q3).In contrast, output contracted further for manufacturing (-1.1 percent from -0.3 percent in Q3).

Agriculture increased at a slower 1.9 percent (from 2.8 percent in Q3).

On a quarterly basis, the economy grew 1.1 percent, at the same pace as in the previous quarter. Considering full 2016, the GDP advanced 3.5 percent, below 3.9 percent in 2015 on lower oil and gas production due to shutdowns. The government expects growth to reach 6.3 percent in 2017.

Ghana Statistical Service | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/2/2017 5:48:07 PM



Ghana GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.10 1.10 7.40 -2.20 percent [+]
GDP Annual Growth Rate 4.10 3.90 25.00 -3.80 percent [+]
GDP 37.54 38.61 47.80 1.20 USD Billion [+]
GDP Constant Prices 9003.90 8904.40 130410.40 4269.40 GHS Million [+]
Gross Fixed Capital Formation 23010.02 33043.93 33043.93 4047.00 GHS Million [+]
GDP per capita 1696.64 1670.68 1696.64 701.53 USD [+]
GDP per capita PPP 3954.52 3894.00 3954.52 1919.60 USD [+]
GDP From Agriculture 7790.18 7567.00 7790.18 5322.00 GHS Million [+]
GDP From Construction 3036.96 2950.00 3036.96 1016.30 GHS Million [+]
GDP From Manufacturing 2451.89 2387.00 2451.89 1801.30 [+]
GDP From Mining 2375.07 2661.00 2834.00 497.40 GHS Million [+]
GDP From Services 18746.84 17734.00 18746.84 8690.40 GHS Million [+]
GDP From Transport 3837.80 3754.00 3837.80 2357.20 GHS Million [+]
GDP From Utilities 308.38 319.00 319.00 224.40 GHS Million [+]


Ghana GDP Annual Growth Rate Notes

In Ghana, the annual growth rate in GDP measures the change in the value of the goods and services produced by the country economy during the period of a year. Ghana, which exports cocoa, gold and oil was one of Africa’s best-performing economies until 2014, when it was hit by a slump in commodity prices. Ghana, which exports cocoa, gold and oil, was one of Africa’s best-performing economies until 2014, when it was hit by a slump in commodity prices. 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. Ghana GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
4.10 3.90 25.00 -3.80 2000 - 2016 percent Quarterly
NSA



gdp annual growth rate by Country

Last
India 7.00 Dec/16
China 6.90 Mar/17
Indonesia 5.01 Mar/17
Turkey 3.50 Dec/16
Netherlands 3.40 Mar/17
Spain 3.00 Mar/17
Mexico 2.80 Mar/17
South Korea 2.70 Mar/17
Australia 2.40 Dec/16
United Kingdom 2.00 Mar/17
United States 2.00 Mar/17
Canada 1.90 Dec/16
Euro Area 1.70 Mar/17
Germany 1.70 Mar/17
Japan 1.60 Mar/17
France 0.80 Mar/17
Italy 0.80 Mar/17
Switzerland 0.60 Dec/16
Russia 0.50 Mar/17
Brazil -2.50 Dec/16